Financial Policies

Each administrative year before October 15^th the club’s Board of Directors approves two budgets – one for the year’s service project funds and the other for the year’s administrative project funds.

An enduring and essential financial basic principle of Kiwanis International is that funds raised from the COMMUNITY CAN BE USED FOR SERVICE PROJECTS ONLY and not for administrative costs.

Funds raised from Kiwanians may be used either for service projects or administrative costs.

The two budgets outline the operations of the club for the up coming year.

The administrative fund expenses for the club include the costs associated with the printing and mailing of the weekly club newsletter – the Sandpiper, all club supplies, the meal costs of guests & speakers, reimbursement to members for activities approved by the Board of Directors and the like.