2011 R - 001 - AMENDING RESOLUTION NO. 2010-011 AND ALLOCATING FUNDS FOR THE CONSTRUCTION AND FURNISHING OF THE OCGEMPC EDUCATION AND TRAINING ROOM

Excerpts from the Minutes of the Regular Meeting of the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative (OCGEMPC) Held on 17 January 2011 at the CPDO Conference Room, City Hall, Olongapo City

Resolution No. 2011-001

AMENDING RESOLUTION NO. 2010-011 AND ALLOCATING FUNDS FOR THE CONSTRUCTION AND FURNISHING OF THE OCGEMPC EDUCATION AND TRAINING ROOM

WHEREAS, it is necessary to amend OCGEMPC Board Resolution No.2010-011 as the total funds amounting to P128,800 that it allocated for the construction and furnishing of the proposed Education and Training Room is inadequate for the purpose, and its sourcing of the funds needs correction;

NOW THEREFORE, upon motion duly made and seconded, the OCGEMPC Board of Directors in meeting assembled:

RESOLVE, AS IT IS HEREBY RESOLVED that Resolution No. 2010-011 be, as it is hereby amended to effect the following:

1. The amount of P80,000 is allocated from the Optional Development Fund for the construction of the Training Room, consisting of partition walls, tiles flooring, ceiling, electrical installation, fixtures and painting.

2. The amount of P115,000 is allocated from the Cooperative Education and Training Fund for the furnishing of the Education and Training Room including the procurement of an air-conditioner, tables, chairs, computers, and other training equipment and furnishings.

RESOLVED FURTHER, that the OCGEMPC Treasurer be, as she is hereby authorized to release the above-allocated amounts subject to the availability of funds and the appropriate accounting procedures.

Done this 17th day of January 2011 at Olongapo City, Philippines.