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Philippine Military Academy Alumni Association Incorporated
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Philippine Military Academy Alumni Association Incorporated PMA Alumni Center, Camp General Emilio Aguinaldo Quezon City RESOLUTION NO. 09-02 WHEREAS, the PMA Cavaliers Cooperative, affiliate of the PMAAAI, has approved the Plan to raise the funds for the construction of the PMA Cavaliers Center through automatic monthly payroll (or pension) Check deductions from its members. WHEREAS, the PMA Cavaliers Cooperative Share Capital Formation and Benefits Plan (SCF&BF) has divided its members in three categories for the purpose of determining the amount of the said automatic monthly payroll (or pension) Check deductions, as follows: • Category 1 – Php100 from members of PMA Class 2000 and subsequent Classes; • Category 2 – Php200 from members of PMA Class 1999 and earlier PMA Classes who are still in the Active Service as of the Plan Inception Date; and • Category 3 – Php400 from members of PMA Class 1951 and subsequent PMA Classes who are in Retired Status as of the Plan Inception Date. WHEREAS, the foregoing automatic monthly payroll Check deductions shall not be effected for any member of the PMA Classes who are still in the Active Service as of the Plan Inception Date AND who has submitted in writing the Option for Exclusion. WHEREAS, the foregoing automatic monthly pension Check deductions shall only be effected for members of PMA Class 1951 and subsequent PMA Classes who are in the Retired Status as of the Plan Inception Date AND who are included in the enrolment list containing at least 90% of eligible members in the said PMA Class. WHEREAS, Participants in the Share Capital Formation and Benefits Plan are entitled to Php100,000 death benefit during the construction phase of the PMA Cavaliers Center; and which expense shall be paid as part of the construction cost. WHEREAS, Participants in the Share Capital Formation and Benefits Plan are entitled to Php200,000 death benefit after the completion of the PMA Cavaliers Center; and which expense shall be paid as part of the operating business expense. WHEREAS, any Participant may terminate his automatic monthly payroll (or pension) Check deductions and shall be entitled to the full refund of the total amount so deducted. And the Plan provisions for death benefit, likewise, shall be terminated. NOW THEREFORE, in view of the intrinsic values of the PMA Cavaliers Center to PMAAAI members, in particular, and to the whole community, in general, RESOLVE as it is hereby RESOLVED that the SCF&BF is hereby endorsed to the Armed Forces of the Philippines Chief of Staff, GENERAL ALEXANDER B YANO, and the Philippine National Police Chief, DIRECTOR GENERAL JESUS A VERSOZA, for the implementation of the PMA Cavaliers Cooperative Share Capital Formation and Benefits Plan. PEDRO P CABATINGAN, JR Superintendent, PNP HANDBILL CONTENT TO BE SENT TO ALL PMAAAI MEMBERS
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Philippine Military Academy Alumni Association Incorporated PMA Alumni Center, Camp General Emilio Aguinaldo Quezon City RESOLUTION NO. 09-02 - PowerPoint PPT Presentation
Transcript of Philippine Military Academy Alumni Association Incorporated
Philippine Military Academy Alumni Association IncorporatedPMA Alumni Center, Camp General Emilio Aguinaldo
Quezon City
RESOLUTION NO. 09-02 WHEREAS, the PMA Cavaliers Cooperative, affiliate of the PMAAAI, has approved the Plan to raise the funds for the construction of the PMA Cavaliers Center through automatic monthly payroll (or pension) Check deductions from its members. WHEREAS, the PMA Cavaliers Cooperative Share Capital Formation and Benefits Plan (SCF&BF) has divided its members in three categories for the purpose of determining the amount of the said automatic monthly payroll (or pension) Check deductions, as follows:
• Category 1 – Php100 from members of PMA Class 2000 and subsequent Classes;• Category 2 – Php200 from members of PMA Class 1999 and earlier PMA Classes who are still in the Active Service as of
the Plan Inception Date; and• Category 3 – Php400 from members of PMA Class 1951 and subsequent PMA Classes who are in Retired Status as of the
Plan Inception Date. WHEREAS, the foregoing automatic monthly payroll Check deductions shall not be effected for any member of the PMA Classes who are still in the Active Service as of the Plan Inception Date AND who has submitted in writing the Option for Exclusion. WHEREAS, the foregoing automatic monthly pension Check deductions shall only be effected for members of PMA Class 1951 and subsequent PMA Classes who are in the Retired Status as of the Plan Inception Date AND who are included in the enrolment list containing at least 90% of eligible members in the said PMA Class. WHEREAS, Participants in the Share Capital Formation and Benefits Plan are entitled to Php100,000 death benefit during the construction phase of the PMA Cavaliers Center; and which expense shall be paid as part of the construction cost. WHEREAS, Participants in the Share Capital Formation and Benefits Plan are entitled to Php200,000 death benefit after the completion of the PMA Cavaliers Center; and which expense shall be paid as part of the operating business expense. WHEREAS, any Participant may terminate his automatic monthly payroll (or pension) Check deductions and shall be entitled to the full refund of the total amount so deducted. And the Plan provisions for death benefit, likewise, shall be terminated. NOW THEREFORE, in view of the intrinsic values of the PMA Cavaliers Center to PMAAAI members, in particular, and to the whole community, in general, RESOLVE as it is hereby RESOLVED that the SCF&BF is hereby endorsed to the Armed Forces of the Philippines Chief of Staff, GENERAL ALEXANDER B YANO, and the Philippine National Police Chief, DIRECTOR GENERAL JESUS A VERSOZA, for the implementation of the PMA Cavaliers Cooperative Share Capital Formation and Benefits Plan.
PEDRO P CABATINGAN, JRSuperintendent, PNPCorporate Secretary
GUMERSINDO T YAPLieutenant General (Retired), AFPChairman of the Board of Directors
HANDBILL
CONTENT
TO BE
SENT TO
ALL
PMAAAI
MEMBERS
PMA CAVALIERS COOPERATIVEPMA Alumni CenterCamp General Emilio AguinaldoQuezon City
CPT OMAR FRIDZKHAN S ALPA0-13103 PAF 2000006 300 Leslie Dr, Talon-talon LoopZamboanga City
HANDBILL
COVER
TO BE
SENT TO
ALL
PMAAAI
MEMBERS
OPTION FOR EXCLUSION OR PARTICIPANT TO: MAJOR SERVICE CHIEF OF FINANCE
I do not want to participate in the PCC Share Capital Formation and Benefits Plan. I hereby authorize the automatic deduction from my salary.
IMPORTANT INSTRUCTION
This option for EXCLUSION OR PARTICIPATION duly signed by the PMAAAI member (or his PMA Class President) must be returned to PCC before June 1, 2009 in order to avail of the Death Benefit provisions of the PCC Share Capital Formation and Benefits Plan.
Signature: ___________________________________________Branch of Service _______________ Date: ______________
Target Target YearYear
%% Year 1Year 1 Year 2Year 2 Year 3Year 3 Year 4Year 4 Year 5Year 5
Total Rooms AvailableTotal Rooms Available 240,880240,880 11,68011,680 11,68011,680 26,28026,280 26,28026,280 26,28026,280
Total Rooms OccupiedTotal Rooms Occupied 178,544178,544 6,6486,648 7,2327,232 18,03618,036 19,35019,350 19,35019,350
% of Occupancy% of Occupancy 69.0%69.0% 60.0%60.0% 65.0%65.0% 70.0%70.0% 75.0%75.0% 75.0%75.0%
Average Room RateAverage Room Rate 1,824.471,824.47 1,855.001,855.00 1,855.001,855.00 1,855.001,855.00 1,855.001,855.00 1,910.651,910.65
TOTAL REVENUETOTAL REVENUE 142,010142,010 100%100% 13,26013,260 14,42514,425 35,97535,975 38,59638,596 39,75439,754
TOTAL COST OF SALESTOTAL COST OF SALES 28,87128,871 20.3%20.3% 2,6962,696 2,9332,933 7,3147,314 7,8477,847 8,0828,082
TOTAL NET SALESTOTAL NET SALES 111,917111,917 79.7%79.7% 10,56410,564 11,76211,762 28,23728,237 30,22430,224 31,13131,131
OPERATING EXPENSESOPERATING EXPENSES 47,18747,187 36.7%36.7% 6,0646,064 6,406.246,406.24 10,99410,994 11,62511,625 12,09912,099
GROSS OPERATING PROFITGROSS OPERATING PROFIT 64,73064,730 43.0%43.0% 4,5014,501 5,3555,355 17,24317,243 18,59918,599 19,03219,032
TOTAL OTHER EXPENSESTOTAL OTHER EXPENSES 41,65341,653 29.3%29.3% 2,3152,315 2,8542,854 11,93011,930 12,33312,333 12,22012,220
NET INC BEFORE RESERVESNET INC BEFORE RESERVES 23,07723,077 0.03760.0376 2,1862,186 2,5012,501 5,3135,313 6,2666,266 6,8116,811
STATUTORYRESERVES (30% L)STATUTORYRESERVES (30% L) 1,8241,824 3030 218218 250250 531531 627627 198198
DISPOSABLE NET INCOMEDISPOSABLE NET INCOME 21,25321,253 3.76%3.76% 1,9681,968 2,2512,251 4,7824,782 5,6405,640 6,6136,613
AS % OF SHARE CAPITALAS % OF SHARE CAPITAL 2.832.83 3.943.94 4.504.50 9.569.56 11.2811.28 13.2313.23
PMA CAVALIERS CENTERForecast Results of 5-Year Operation (in Thousand Pesos)
Target Target YearYear
%% Year 6Year 6 Year 7Year 7 Year 8Year 8 Year 9Year 9 Year 10 Year 10
Total Rooms AvailableTotal Rooms Available 240,880240,880 26,28026,280 26,28026,280 26,28026,280 26,28026,280 26,28026,280
Total Rooms OccupiedTotal Rooms Occupied 178,544178,544 19,35019,350 19,35019,350 19,35019,350 19,35019,350 19,35019,350
% of Occupancy% of Occupancy 75.0%75.0% 75.0%75.0% 75.0%75.0% 75.0%75.0% 75.0%75.0%
Average Room RateAverage Room Rate 1,824.471,824.47 1,967.971,967.97 2,027.012,027.01 2,087.822,087.82 2,150.452,150.45 2,214.972,214.97
TOTAL REVENUETOTAL REVENUE 217,390217,390 100%100% 40,94640,946 42,17542,175 43,44043,440 44,74344,743 46,08646,086
TOTAL COST OF SALESTOTAL COST OF SALES 44,19544,195 20.3%20.3% 8,3248,324 9,5749,574 8,8318,831 9,0969,096 9,3699,369
TOTAL NET SALESTOTAL NET SALES 170,236170,236 79.7%79.7% 32,06432,064 33,02633,026 34,01834,018 35,03835,038 36,08936,089
OPERATING EXPENSESOPERATING EXPENSES 69,18369,183 36.7%36.7% 13,68813,688 13,07913,079 13,58213,582 14,14314,143 14,69114,691
GROSS OPERATING PROFITGROSS OPERATING PROFIT 101,053101,053 43.0%43.0% 18,37618,376 19,94719,947 20,43520,435 20,89520,895 21,39921,399
TOTAL OTHER EXPENSESTOTAL OTHER EXPENSES 68,40868,408 31.5%31.5% 14,16414,164 14,23614,236 13,80813,808 13,34113,341 12,86012,860
NET INC BEFORE RESERVESNET INC BEFORE RESERVES 32,64532,645 0.03760.0376 4,2124,212 5,7125,712 6,6286,628 7,5547,554 8,5398,539
STATUTORY RESERVES (30% L)STATUTORY RESERVES (30% L) 1,3431,343 00 6464 450450 251251 278278 300300
DISPOSABLE NET INCOMEDISPOSABLE NET INCOME 31,30231,302 3.76%3.76% 4,1484,148 5,2625,262 6,3776,377 7,2767,276 8,2398,239
AS % OF SHARE CAPITALAS % OF SHARE CAPITAL 4.174.17 8.308.30 10.5210.52 12.7512.75 14.5514.55 16.4816.48
PMA CAVALIERS CENTERForecast Results of 10-Year Operation (in Thousand Pesos)
