kemp coop minutes for cert of good standing

7/25/2019 Kemp Coop Minutes for Cert of Good Standing

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KINGLONG EMPLOYEES MULTIPURPOSE COOPERATIVE

CDA.Reg

No.9520-13021222

MINUTES OF THE SPECIAL GENERAL ASSEMBLY OF KINGLONG EMPLOYEES

MULTIPURPOSE COOPERATIVE HELD AT BRGY LUNA, SURIGAO CITY LAST MARCH

30, 2014

Present:

JUAN FERNANDO J. LARONG BOD ChairmanMARK QUINCY V. MENOR BOD Vice-Chairman

MARCO POLO S. BANAL BOD Member

NICANOR B. TUBAON BOD Member

FRANCIS FRAM R. PONGO BOD Member

JESSIEL BEBERINO Secretary

MARY JANE LAGURA Treasurer

(See attached attendance sheet)

CALL TO ORDER:

The presiding officer, called the meeting into order at 6:30p.m.

The meeting started with an opening prayer and followed by the singing of the

National Anthem. The singing of the Cooperative hymn was led by Mary Jane Lagura.

ROLL CALL:

The presiding officer calls the roll of members. There were 50 members present and

12 members absent. The chair declares that there was a quorum so the meeting came to

order.

PROOF OF DUE NOTICE

The Cooperative Secretary read the Proof of Due Notice dated March 20, 2014 to the

General Assembly with the following agenda:

1.Deliberation of Annual Reports of Officers;

2.Election of New Set of Cooperative BODs and Officers; and

3.Other Matters: Distribution of dividends/IOS from quarterly to semi-annual,

withdrawal of CBU to be based on net asset value.


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CONSIDERATION OF THE MINUTES OF LAST ANNUAL GENERAL ASSEMBLY

The Coop Secretary read the Minutes of the Last General Assembly held last April

13, 2013 at Ceniza Heights, Surigao City.

AGENDUM 1. DELIBERATION OF ANNUAL REPORTS

A.Secretarys Report

The Coop Secretary read the Approved Board Resolutions 2013 1 to 7.

The said board resolutions were moved for ratification by William Reyes and

duly seconded by Florita Coleto.

B.Accountants Report

Cooperative Treasurer reported the Cash Beginning (from year 2012), Less All

Disbursements and add-on Interest Less Tax Withheld of each Coop accountsin bank and summarized as Cash Balance for the year 2013.

FINANCIAL STATEMENT FOR THE YEAR 2013


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C.Audit Report

Cherrie Ann Gipala, Chair Audit Committee, certified that KINGLONG

EMPLOYEES MULTI PURPOSE COOPERATIVEhas adopted the STANDARD

CHART OF ACCOUNTS FOR COOPERATIVE WITH CREDIT SERVICES per

audit.

D.Chairmans Report

Mr. LARONG, the Chairman reported the total portfolio, releases and theBOD accomplishments from March 2012 to March 2013

Total

SEMINARS ATTENDED FOR THE YEAR 2013


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1.BASIC COOPERATIVE COURSE

2.EFFECTIVE COOPERATIVE MANAGEMENT AND GOVERNANCE

3.FINANCIAL MANAGEMENT AND DELINQUENCY CONTROL

4.RECORDS AND MANAGEMENT

ELECTION OF THE NEW SETS OF COOPERATIVE BODs and OFFFICERS

The Election Committee Chairman, Noel Geli asked the general assembly

that they have to nominate Five (5) directors.

There was no objection from the general assembly after the ElecomChairman called thrice for objection and therefore the body agreed for the

opening of nominations for all BODs and Officers vacancies.

Rules were discussed and established in addition to Resolution # 03, 2014

on specific election rules.

The general assembly raised their nominees. all were nominees but member

were discouraged to elect out of town members.

TOP 10 NOMINEES FOR BOARD OF DIRECTORS

1.Mark Quincy Menor =11 votes

2.Marco Polo Banal =32 votes

3.Francis Fram Pongo =29 votes

4.Nicanor Tubaon =22 votes

5.Juan Fernando Larong=17 votes6.Pancrasio Abamonga =10 votes

NEW BODs:

1. Mark Quincy V. Menor

2. Francis Fram Pongo

3. Nicanor Tubaon

4. Marco Polo Banal

5. Juan Fernando J. Larong

NOMINEES FORAUDIT COMMITTEE

* Cherrie Ann Gipala nomination closed and was given authority to select members


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NEW AUDIT COMMITTEE:

1. Ando, Rommel Rexy

2. Santander , Mhelody

NOMINEES FORELECTION COMMITTEE

* Noel Geli nomination closed and was given authority to select members

NEW ELECOM COMMITTEE:

1. Dubduban, Ricky

2. Tubaon, Philip Jun

The Election Committee Chairman Noel Geli declared the winners.

AGENDUM 2- DISTRIBUTION OF DIVIDENDS

The presiding officer suggested that the sharing of Dividend will be distributed

every Six Months (6) months the first distribution will be mid-year dividend which isfavorable to the members of the cooperative.

The said motion was duly seconded by Mr. Francis Pongo. There was no

objection raised by the general assembly after the presiding officer called for objection three

times; the motion is approved by the general assembly

AGENDUM 3. AMENDMENT OF THE COOPERATIVE BY-LAWS AND ARTICLES

The Coop Secretary presented the by-laws and articles of the cooperative which

were held for any amendments by the members.

AMENDMENT OF THE ARTICLES OF COOPERATIVE AND BY-LAWS

1.By-laws R.A 9520

The Presiding Officer announced to the general assembly the amendment of

the Republic Act No. 6938 to Republic Act No. 9520, or An Act Amending

the Cooperative Code of the Philippines to be known as the Philippine

Cooperative Code of 2008.

2.Article II Section 2 Qualification for Membership

The presiding officer discussed that the cooperative must allow Associate

Members-Member beneficiaries, Retirees and workers in semi-government


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corporation/private agency/enterprise but the policies and right of the

Associate member will based in the rules and regulation of the R.A 9520

and policy of the Board. And its one aspect that the income of the

cooperative will grow higher.

The said motion was duly seconded by Marco Banal. There was no objection

raised by the general assembly after the presiding officer called for objection

three times the motion is approved by the general assembly

3.Article III Section 4 ANNUAL GENERAL ASSEMBLY

Mark Quincy Menor moved to amend the date of the annual general assembly

from every March 22 of the year to Last Saturday of January.

The said motion was duly seconded by Nicanor Tubaon. There was no

objection from the general assembly after the presiding officer called thrice for

objection and therefore the body agreed that the Annual General Assembly

shall be held on Last Saturday of January after the close of the fiscal year.

End of the amendment of the Cooperative by-laws.

ADJOURNMENT

Marco Polo Banal moved to adjourn the Special General Assembly Meeting and dulyseconded by Francis Pongo.

The Special General Assembly Meeting was adjourned at 11:30 p.m.

JESIELYN BEBERINOCoop Secretary

Approved:

JUAN FERNANDO J. LARONG MARK QUINCY V. MENORBOD Chairman BOD Vice-Chairman

MARCO POLO S. BANAL NICANOR B. TUBAON


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BOD Member BOD Member

FRANCIS R. PONGO

BOD Member

kemp coop minutes for cert of good standing

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