"If I designate it "building fund" it covers ALL possible alternatives"

You and I know that but I dread to think what responses this will bring

"Mike Q. prepares the clubs financial statements. He does a good job. I am confident any individual looking at them can fully understand his account titles,etc"

I accept most people will understand the I&E nut not necessarily the balance sheet.

Let us 'let it lie' here and see what if any further responses are made