股市資產的大幅貶值降低國際扶輪與其基金會的收入。國際扶輪的投資損失430萬美元，扶輪基金會的損失則達4,000萬元。

A major decline in the value of stock market assets lowered reported income of both Rotary International and its Foundation in 2001-02. RI's investment losses amounted to US$4.3 million, while The Rotary Foundation's reached $40 million. 

扶輪領袖強調，在此會計年度第4季發生的投資損失是尚未實現、暫時性的損失。投資的價值本有波動，可是美國會計標準規定在年底財務報告上必須記錄可交易證券的現值。和年度開始相比價值減少的部份必須列舉為損失。

Rotary leaders emphasized that the investment losses, which occurred in the fourth quarter of the fiscal year, were unrealized and temporary. The value of investments fluctuates but U.S. accounting standards require the reporting of the current value of marketable securities in year-end financial statements. Any decline in value from the beginning of the year must be reported as a loss. 

估計經濟前景不佳，國際扶輪已經減少700萬美元的預算支出，然而投資損失，加上國際扶輪年會收入短少及保險費增加等因素，仍造成700萬美元的虧損。

Anticipating economic woes, RI had reduced its budgeted expenses by $7.0 million; still, the investment losses, plus a shortfall in RI Convention revenue and rising insurance premiums, among other factors, hurt the bottom line, resulting in a loss of $7.0 million. 

再來看看好消息，基金會總共收到9,480萬美元的捐款及承諾捐款，比前一年度增加460萬美元。年度計劃基金的捐款達6,750萬美元，刷新紀錄。基金會的計劃支出為9,570萬美元。

Providing good news, the Foundation received $94.8 million in total contributions and pledges, an increase of $4.6 million over the previous year. Contributions to the Annual Programs Fund amounted to a record $67.5 million. The Foundation spent $95.7 million on programs.

國際扶輪與扶輪基金會的年度報告已經郵寄給各扶輪社，並公佈於國際扶輪網站(www.rotary.org)。若需要更多份報告則須另行訂購(參見「出版新知」)。

The annual reports of RI and The Rotary Foundation have been mailed to every club and are available on the RI Web site. Additional copies may be ordered (see What's New).