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ResolutionsFrom District 8 Kin
[edit] Download the Current Resolutions, 2010[edit] Resolution# 1Resolution # 1
Whereas after reviewing the Trustee Act of Ontario And whereas; The District 8 Executive in its charge is to be ever mindful of its diligence in trust of the District Funds And whereas; The District 8 Kin Executive finds from time to time it has liquid capital not earning interest of benefit to the membership and is responsible to ensure a consistent return to the members Section 8 – Investment policy be added to Article 19 – Finance & Accounting As such The investment policy of District 8 Kin is based upon the prudent investment standards set forth in the Ontario Loan and Trust Corporation Act, Sec. 154 (2), which reads as follows: “ …prudent investment standards are those which, in the overall context of an investment portfolio, a reasonably prudent person would apply to investments made on behalf of another person whom there exists a fiduciary relationship to make such investments, without undue risk of loss or impairment and with a reasonable expectation of fair return or appreciation.” And as such 1) The Kin 8 District Eight Executive, operating through the District Treasurer can invest funds of the District, including Cystic Fibrosis donations. 2) The District Treasurer will seek the advice of a registered financial planner, to offer a plan to allow the funds to be invested per the existing market conditions. 3) The CF Funds are to be invested in a NO RISK fund, and the operating funds in a LOW RISK fund. 4) The District Treasurer will present the investment strategy to the District Executive prior to any investment being initiated. 5) The District Treasurer will report at all District functions on the amount and condition of the District invested funds.
[edit] Resolution #2Resolution # 2 Convention Policy And whereas: The District 8 council needs to engage the fullest number of clubs to debate and plot the strategic positioning of the District And whereas; The District executive needs the support of the entire District to maintain the services they expect Be it resolved that; Article 16 Section 10 be amended to read Section 11 Club Responsibilities: Each Club shall have a representative present at the business portion of District Convention. Clubs not attending will be billed the $ 100.00 business registration even in the event of their failure to attend. This amount can be taken from the service account.
Submitted by Kinsmen Club Of Mississauga [edit] Resolution #3Resolution #3 Accountability: The District 8 Kin are demanding greater fiduciary stewardship And whereas; Methods for tracking the action of our elected leaders are more readily available Be it resolved that; Appendix 3 Section 8 be amended to read Section 8 District Convention The District will pay transportation, single registration, meals and accommodation for: 1) The board, Submitted by Kinsmen Club Of Mississauga [edit] Resolution #4Resolution # 4 Not In Good Standing: Where as; The District 8 finds it necessary to collect dues in a timely and effective manner And whereas; Some Clubs in District 8 have failed to remit their dues in a timely manner And whereas there is no linkage between the administration of National requirements and District requirements Be it resolved that; Article 20 be amended such that Section 5 Failure to remit dues within 90 days of billing and 30 days after final notice, and failing an arrangement being structured with the District Treasurer, a club will be declared Not In Good Standing. As such they will not be eligible to: 1) Vote at District Convention The District executive will also then petition to the National Office that they be considered Not In Good Standing with National and any and all ramifications would subsequently apply.
Kinsmen Club Of Mississauga |
