2013 R - 01 - APPROPRIATING THE AMOUNT OF ONE HUNDRED TWENTY-FIVE THOUSAND PESOS (P125,000.00) FOR FOOD AND ONE HUNDRED SEVENTY-FIVE THOUSAND PESOS (175,000.00) FOR GIVE-AWAY SOUVENIRS AND OTHER MISCELLANEOUS EXPENSES FOR THE 2013 ANNUAL GENERAL ASSEMBLY

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 23 January 2013 at the OCGEMPC Training Room

Resolution No. 2013-01

APPROPRIATING THE AMOUNT OF ONE HUNDRED TWENTY-FIVE THOUSAND PESOS (P125,000.00) FOR FOOD AND ONE HUNDRED SEVENTY-FIVE THOUSAND PESOS (175,000.00) FOR GIVE-AWAY SOUVENIRS AND OTHER MISCELLANEOUS EXPENSES FOR THE 2013 ANNUAL GENERAL ASSEMBLY

WHEREAS, funding is required to defray the expenses to be incurred for Annual General Assembly Meeting of the OCGEMPC which shall be held on 12 April 2013 at the Olongapo City Convention Center;

WHEREAS, expenses for the General Assembly Meeting include One Hundred Twenty-five Thousand Pesos (P125,000.00) for food and One Hundred Seventy-five Thousand Pesos (175,000.00) for give-away souvenirs and other miscellaneous expenses. 

NOW THEREFORE, upon motion duly made and seconded, the Board of Directors of the Olongapo City Government Employees Multi-Purpose Cooperative in meeting assembled do hereby:

RESOLVE, AS IT IS HEREBY RESOLVED to appropriate, as it is hereby appropriates from the general operating funds of the OCGEMPC the amount of One Hundred Twenty-five Thousand Pesos (P125,000.00) for food and One Hundred Seventy-five Thousand Pesos (175,000.00) for give-away souvenirs and other miscellaneous expenses for a total amount of THREE HUNDRED THOUSAND PESOS (₱ 300,000.00)  for the conduct of the 2013 Annual General Assembly meeting;

RESOLVED FURTHER, that the OCGEMPC Treasurer be, as she is hereby authorized to release the said funds for the afore-mentioned purpose.

Done this 23^rd  day of January 2013 at Olongapo City, Philippines.