CEC News from the Management Committee Meeting – $$$$
Well, did the ‘$$$$’ catch your eye? Two excellent pieces of news:
– the 1/4 million dollar+ debt inherited by Central Escarpment Council on being formed from the ashes of Atironta region has been retired! Yup, that’s right, gone! As a businessman I enjoy good management, and the focus has been exactly correct.
– because the debt is gone, your group will benefit. Some of you will remember that CEC took all funds from the old Wellington Area (which was raised from the groups), and held them in trust. This amounted to some $75,000 (about $38,000 of this from Oakville). That money, now that the debt is retired, is no longer required AND WILL BE RETURNED TO THE GROUPS IN EACH AREA. The amount held for Wellington will be returned to the groups, proportional to the number of youth in each group by Christmas. As we all know, this is still a couple of birds in the bush, but you can pretty well count a nice Christmas bonus for your group. It will of course appear on your next year’s financial statement!
– this years slogan is “Growth through Program Excellence”. Everything we do should relate to delivery and supporting a quality program.