In continuation of our efforts in keeping every esteemed member of our society informed, we have prepared a “Financial Status Report”. Please see the attached PDF to understand the Society’s Financial Status.
To meet the running expenses & part repair expenses, the Society collects money as “maintenance charges” via either annual contribution or monthly contribution. The annual contribution can be made before Apr30 of the Financial Year. The monthly contribution would have to be done by members every month.
This year, 85 out of 152 members chose to make Annual Contribution and 67 members chose to make Monthly Contribution. Based on these choices, the collection this year was as follows:
Collection
a. Annual Contribution collected (from 85 Members) Rs. 23,37,500/-
b. Monthly Contribution collected (from Balance 67 Members) Rs. 1,76,800/-
Read the full text in attached PDF………………...