2013 R - 018 - REALIGNING TWENTY SEVEN THOUSAND PESOS FROM MISCELLANEOUS/INCENTIVE EXPENSE TO COMMITTEE MEETING EXPENSES

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 20 June 2013 at the OCGEMPC Training Room, 3^rd Floor City Hall, Olongapo City

Resolution No. 2013 – 018

REALIGNING TWENTY SEVEN THOUSAND PESOS FROM

MISCELLANEOUS/INCENTIVE EXPENSE TO COMMITTEE MEETING EXPENSES

WHEREAS, no budget was allocated for the Committee Meetings in the 2013 Budget;

WHEREAS, it was suggested by the Coop Manager to allocate Twenty-Seven Thousand Pesos (P27, 000.00) from the budget item Miscellaneous/Incentive Expense (Acct. Code 73520-2) to Committee Meetings 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, to re-align, as it hereby re-aligns Twenty Seven Thousand Pesos from Miscellaneous/Incentive Expense to Committee Meetings Expenses.