RI Financial Report for Fiscal Year 2012

Posted by Craig Clarke

on Mar 10, 2013

RI received a total of $82.7 million in revenues for the fiscal year through membership dues, RI services, and investments. Revenues were $9.8 million

less than budgeted and $23.2 million less than the previous year, primarily as a result of unrealized losses in the market values of RI’s investments due to continued volatility in the global financial markets.

RI’s total expenses were $96.3 million, $0.8 million greater than budgeted and $16.2 million greater than the previous year. The operational expenses were spent as planned in fiscal 2012, including spending from the General Surplus Fund on strategic initiatives relating to public relations and strengthening Rotary’s brand. Expenses from services and other activities were $26.2 million, which was $1.7 million higher than budgeted. The Bangkok Convention had 33,104 attendees, compared to the budget for 25,000 registrants.

RI’s net assets decreased by $24.1 million as a result of expenditures exceeding revenues by $13.6 million and a $10.5 million charge to record RI’s increased pension obligation over the previous year.

Click here to go to RI webpage with full report.