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KOA BOARD RESOLUTIONS
February
24, 2008
Dear members of the community,
Voting was conducted on Friday Feb 22nd 2008 regarding the proposal
as below. The proposal was approved by the board of directors.
Proposal
I am submitting the following proposal for your approval in order to
support additional students in the Support A Child (SAC)
Program and the Education Assistance Program (EAP) for a
period of 2 years (2008-2009) with the funds
available in the KOA's Education Fund.
The details are provided below:
Balance in Education Fund (end of 2007): $24750
Balance in Education Fund from previous Administration: $4071 Total Balance in Education Fund at the end of 2007: $28821 Funds Transferred from Education Fund to other programs in Jan 2008 (on donor's request): $900 (EAP) + $675 (SAC) = $1575 Current Balance in Education Fund: $28821 - $1575 = $27246
Proposed Funding from Education Fund:
1. Support A Child (SAC):
Funds required for 20 students for 2 years (2008-2009) = 20 students x 2 years x $225/student/year = $9000
2. Education Assistance Program (EAP):
Funds required for 15 students for 2 years (2008-2009) = 15 students x 2 years x $300/student/year = $9000
Total funding required = $9000 + $9000
= $18000
Please submit your vote (YES, NO, ABSTAIN) to the
KOA secretary, Soman Dhar, by Friday, February
22, 2008, 12:00PM EST.
Thank you.
Regards,
Sunil Fotedar President, Kashmiri Overseas Association (KOA), Inc. San Antonio, Texas www.koausa.org
Thanks
(Soman Dhar)
Secretary KOA
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