Ways and Means

CHAIRMAN, WAYS AND MEANS – RANDY GALLANO

SUBJECT: PROPOSED GUIDELINES FOR FUNDS GENERATION

COMMITTEE: WAYS AND MEANS

OBJECTIVE:

To create and establish ways and means in order to generate funds to sustain the Society financial dealings and operation.

SCOPE:

1. Soliciting funds through the standard operational procedures adhering to the guidelines set forth by Local Authorities and the Police.

2. Not to indulge in any unlawful activities that may compromise the Society as a whole.

3. Within the means and able help of the Members.

METHODS:

1. Members Mutual Fund

2. Local sponsorship

3. Members Donation

4. Others

PARAMETERS OF MEMBERS MUTUAL FUND

1. Members mutual fund is defined as fund generating method wherein each bonafide members of the Society are obliged to give a ‘fixed’ amount after each membership meeting he attended.

2. This method will be termed “ KAPUSO FUND”.

3. The ‘fixed’ amount shall means the amount agreed and voted by the bonafide members and approved by the Board of Directors.

4. The Committee chairman shall set a box of his design where the members may ‘drop’ their share.

5. The collected amount of money must be checked and counted by three persons, namely The Secretary, The Auditor and any Bonafide members for transparency purposes.

6. The money will be turn-over to the Treasurer for recording and safe-keeping.

7. The appropriation of the “KAPUSO FUND” must be evaluated by the Chairman of Finance Committee who will endorsed to the Board of Directors for approval.

8. Disbursement of the “KAPUSO FUND” must be checked and noted by The Auditor.

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