Article XI CORPORATE CONVENTIONS Section 1. Corporate Conventions. The Board may call from time to time national and regional conventions to be attended by the Board and corporate officers and representatives of the bureau and local chapters and class organizations. Section 2. Scope – The corporate conventions shall cover such issues and concerns that are essential to the best interests of the Corporation and the public safety services. Article XII CORPORATE FUNDS AND FISCAL MATTERS Section 1. Sources – The sources of funds for the Corporation shall include, but not limited to, the following: 1.1 Membership Fees 1.2 Membership Dues 1.3 Contributions and Donations 1.4 Fund-raising Activities Section 2. Membership Fees – All members shall be assessed a one-time Membership Fee of Php Five Hundred (P500.00) payable upon admission. This Membership Fee is non-refundable. Section 3. Membership Dues – All regular members shall pay monthly dues of Php One Hundred (P100.00). Such rate may be increased by the Board and implemented upon its ratification by the majority of the members during the General Assembly Meeting. Monthly dues are non-refundable; Provided, That these dues shall cease upon the retirement of members and provided, further, that retired members shall continue to be members of the Corporation. Section 4. Contributions and Donations – Voluntary contributions and donations from members, friends and/or local or foreign charitable institutions may be received to finance specific projects for the Corporation. Section 5. Fund – Raising – The Corporation may undertake legitimate fund-raising activities to generate funds to finance specific projects; provided, that no chapter or class organization shall conduct any fund-raising activity without due notice to the Board. Section 6. Annual Corporate Budget – The Annual Corporate Budget for the succeeding year shall be determined by the Board of Trustees and reported during the Annual General Assembly Meeting. Section 7. Investments – The Board may authorize the investment of surplus funds for the general interests and benefits of the Corporation. Section 8. Use of Funds – Funds are categorized into General Fund and Special Fund. General Fund that comes from membership fees and dues shall be used for the administrative and operational expenses of the Corporation, while Special Fund that comes from contributions, donations and proceeds from fund-raising activities shall be used solely for the specific projects or activities of the Corporation for which the same were purposely intended. Section 9. Disbursements – There shall be no disbursement of funds, for any program, project activity or other expenses, unless covered by board resolutions or within the duly approved Annual Corporate Budget or supplemental budget. Section 10. Compensation – No trustee, officer or committee chair/member shall receive any compensation for services rendered to the Corporation in their official capacity as such, however, they are entitled to per diem and reasonable allowances and be reimbursed of reasonable travel expenses for official corporation-related services rendered as required by the Board; Provided, That any amount for reimbursement or disbursement exceeding Php Ten Thousand (P10,000.00) payable to any person or entity for the activity aforementioned, must be covered by board resolutions. Section 11. Fiscal Year – The Fiscal Year of the Corporation shall begin from 01 January to 31 December of the current year.
Posted on: Tue, 02 Dec 2014 01:28:39 +0000
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