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AGM - Expenditures over RM10,000

posted May 28, 2010, 3:54 PM by PMO Posting
As previously reported, the AGM is scheduled on July 17, 2010 and we would like for the residents to start thinking about what items that they would like to discuss at the AGM specifically in relationship to any expenditures over RM10,000. 

WHY? 
As per the last AGM, the JMC had proposed that any amount of spending  (i.e. improvements to the building) must have a cap of RM10,000 so as to protect the JMB fund from potential overspending and also to give the residents as a whole a voice in spending on ATC. This resolution was passed during this AGM. 

Expenditures over RM10,000 must be agreed to at an AGM or EGM. 

In the last year, there have been many improvements that the PMO wanted to do but the amount was over RM10,000 therefore they will be brought forward to the AGM to discuss with the residents.

More information to come.

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