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Previously in this BLOG an item was posted by yours truly regarding a change to the UCO Fiscal year in order to include our seasonal Residents in the debate over the UCO Budget. This reference to the Fiscal year was in error; Mea Culpa!
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In fact, as noted by our Treasurer, the correct procedure is to change the Budget year by sliding it to commence on April 1, 2015. This requires a change to our Bylaws, which will change the budget vote from October, to January. This process was put in place today. This change if voted by our Delegate Assembly, will enable our Seasonal Residents to weigh in on such important matters as our Budget, and other major issues that may arise.
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In order to get the process going, a Special meeting of the Officer's Committee was convened this morning. Following are the Minutes from this meeting:
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This motion was subsequently presented to the Executive Board where it passed by unanimous vote. In accord with our Bylaws, the Bylaw change will be published in the UCO Reporter and then presented to the October meeting of the Delegate Assembly.
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It is my sincere hope that soon all of our Residents will be enabled to engage in key issues of concern to all!
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Dave Israel
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I still don't understand how having the budget year be different from the fiscal year would not lead to some confusion. I need an economics teacher.
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