2013 R - 07 - Awarding to Audit the Financial Condition of the Olongapo City Government Employees’ Multi Purpose Cooperative for the CY 2012 to Ms. Cecilia Moselina, CPA

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 19 February 2013 at the OCGEMPC Training Room

Resolution No. 2013 -007

Awarding to Audit the Financial Condition of the Olongapo City Government Employees’ Multi Purpose Cooperative for the CY 2012 to Ms. Cecilia Moselina, CPA

WHEREAS, the Cooperative was in search for a Certified Public Accountant accredited by the Cooperative Development Authority (CDA) in compliance with the requirement of the  Authority;

WHEREAS, Ms. Cecilia Moselina, CPA, expressed her intention thru letter to audit the financial condition of the Coop for the CY 2012;

WHEREAS, Her proposal of fees and billing includes related statement of operation, cash flows and changes in equity for the year then ended amounting to Forty Thousand Pesos (P40,000.00) excluding the Out-of-Pocket expenses;

WHEREAS, such amount is lesser than the proposed bill of Villalobos, Penaflor & Co. CPA’s who audited the 2011 Coop Finances;

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 award as it is hereby awarded to audit the financial condition of the Olongapo City Government Employees’ Multi Purpose Cooperative for the CY 2012 to Ms. Cecilia Moselina, CPA.

FURTHER RESOLVED to require the external auditor to use the PESOS and CAPR as prescribed requirement by the CDA in the financial audit.

Done this 19^th day of February 2013 at Olongapo City, Philippines.

2013 R - 06 - Filing of Administrative Case and Legal Case against Mr. Fernando Magrata if no Indication of Paying His Balances until the End of February

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 19 February 2013 at the OCGEMPC Training Room

Resolution No. 2013 -006

Filing of Administrative Case and Legal Case against Mr. Fernando Magrata if no Indication of Paying His Balances until the End of February

WHEREAS, under Resolution No. 2011-035 dated July 22, 2011, the Board of Directors (BOD) resolved to authorize the Chairman to file legal cases against Fernando Magrata, Reynaldo Eringco, Aileen Sanchez and Leticia Doropan;

WHEREAS, the General Assembly ratified the resolution passed by the BOD for the filing  a case against Mr. Magrata and company during annual General Assembly meeting held on April 9, 2012;

WHEREAS, since then, efforts of collecting payments from Mr. Magrata had been exhausted with no avail;

WHEREAS, the dialogue of OCGEMPC officers with Ms. Anne Gordon on February 3, 2013 regarding the loan of Mr. Ferdie Magrata did not materialize;

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 file as it is hereby filed an administrative case and a legal case against Mr. Ferdie Magrata if no indication of paying his balances until the end of February.

FURTHER RESOLVED to scout a lawyer or shall take the offer of Atty. Noel Atienza if hiring a lawyer shall affect the budget of the coop considerably.

Done this 19^th day of February 2013 at Olongapo City, Philippines.