The General Assembly composed of all members entitled to vote (MGS) and considered as the highest policy making body of the cooperative meets annually on any date within ninety days after the close of each fiscal year. For 2012, the 55th General Assembly was held on March 3, 2012 at 1:00 pm from the D. L. Umali Hall, UPLB, College Laguna.
Year 2012, marks the first anniversary of UPLBCDC’s next 50 years of existence. It maybe recalled that UPLBCDC celebrated its 50th Golden Anniversary on May 3, 2011. Simple activities were conducted partcicularly Medical and Dental Mission for the community and senior citizens and Tree Planting. These were spearheaded by the ETC complemented by Micro Enterprises Training for community, out of school youth, senior citizens and for Women. On May 3, 2011 itself, a motorcade from the Extension Office at Anos to UPLBCDC Main Building was conducted followed by an austere fellowship and snacks attended by officers, management staff and members who joined the motorcade. Our August 25 & 26, 2011, a Strategic Planning Workshop was conduted to chart . On the General Assembly, a total of 4,214 regular members attended the meeting comprising the needed quorum to transact its business.
Based on the report of the Board of Directors, Gross Income for 2011 reached P57,478,005. It surpassed the gross income in 2010 by P2,798,126.00.
The annual activity is intended to render a report to the members regarding the performance of the cooperative in all aspects as indicated in the strategic plan. It also sought to seek approval for its operational plan and budget for the current year and their approval for the proposed amendments of its Articles of Corporation (AC) and By-Laws (BL).
The General Assembly is an educational activity in demonstrating to its members the workings of the cooperative to attract their active participation in the discussion for the benefit of the coop.
The general election is also meant for members to exercise thier democratic control by exercising their right to vote and be elected to positions on the basis of qualification and competence.
The direction of the cooperative for the next 50 years.
The activity was attended by the officers and key management staff facilitated by Mr. Charlie Samson of the Philippine Federation of Credit Cooperatives (PFCCO). The cooperative crafted a new vision, mission, core values, value proposition and organization objectives, subjected to approval during the general assembly. In order to achieve these, specific areas were identified, defined its action plan, goals, time frame, responsible persons, performance targets and strategies. The details of the Key Result Area are the task for the BOD and officers to plan and implement on a five year and ten year period.
Total expenses incurred by the cooperative reached P21,833,937, slightly higher than that in 2010.
Net Surplus was recorded at P36,106,062.00 higher than in 2010 by an amount of P2,694,209.00.
Cost minimization was the strategy implemented by the BOD and Management that resulted to a higher net surplus and increased dividends. These were achieved through closer coodination with Board, committees, and Management; placement of excess funds which offer better terms and in-service trainings personnel and upgrading of office equipment.
There were 303 prospective members who attended the PMES and 160 were admitted as regular members. Another 205 were recorded as expelled due to delinquency and voluntarily resigned due to transfer of residency, lay-off, or left permanently for abroad. A total of 54 members died.
Net surplus amounting to P36,106,062 was allocated to the following: General Reserve Fund (10%) or P3,610,606; Cooperative Education fund (2%) or P722,121; Optional Fund (2%) or P722,121; and Community Development Fund (3%) or P1,083,182. The remaining amount (83%) or P29,968,032 were allocated for interest dividends and patronage refund for members. The 2011 budget was re-enacted except the budget of ETC which required a higher allocation for 2012.
The General Elections were conducted on March 9, 2012 at the Maquiling School Inc., where the proposed amendments to the AC and BL were subjected to a referendum. (SIMedina)
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