1. Airfare-Loan Policy.
Due to our cash flow problem, KSA money is available to Kongor or Kongor related persons. And KSA will give not more than 25% of the full airfare loan for families. Loan for Single person is negotiable.
The proposer has to contact the airfare loan committee with a request for the airfare loan. The Head of the airfare loan committee will consult with his/her team and the census they reach will be brought to the management committee to vote on. The whole process need to be completed with in two weeks from the day, the proposer place his/her request. This team is considered part of the KSA treasury.
The proposer has to sign a contract with the KSA treasury agreeing to the term and condition spell out in this policy. The proposer is responsible for the payback of the KSA money and its 15% simple interest to be paid strictly with in 3 month, for loan below $2000.and 6 month for loan above $2000 and below $3500. The proposer has to arrange automatic fortnightly payment to be made by the new arrival.
A proposer must be a paying member of the KSA. He/she has to pay his or her annual contribution before applying for assistance.
The Airfare loan committee has to make sure that the loan is paid as agreed.
The KSA treasury is allowed to invest the money at the discretion of the treasurer in consultation with the management committee.
KSA money is available only to members that help the KSA course by paying their money and supporting KSA projects in other ways.
The treasury has to ask the members to help proposers through the KSA by lending their money to the treasury to help in paying for their proposed person (s). This will be paid back whenever it is asked after three month.
The KSA treasury has to keep a ratio of 1:1 for its debt. That mean having a dollar in the bank for every dollar that the KSA owed.
2. Annual contribution:
Every Kongor and the KSA members have to pay annual contribution every year.
$220 per a year for working Kongor and KSA members
$150 per a year for non-working members who have an income of $300 and over a fortnight.
Those who have income more than $150 and less than $300 a fortnight have to pay $80 per year.
Others have to pay anything between $20 and $80 per year.
The states treasury have to make sure that annual contribution is paid on monthly basis.
The treasurer and all the girls in every state will help in the campaign for raising the annual contribution.
The sectary for the KSA treasury will keep the records for all the financial transaction. He or she will always work together with the KSA treasurer in producing reports like quarterly report and any other report as requested by the management committee and the chairman.
KSA annual contribution is accumulative. For example, if you have not paid in the previous year, you will be expected to pay double contribution this year.
3.Fundraising activities.
3.1. The KSA treasury has to run at less one fundraising activity a
year beside the conference’s party.
The task of the treasurer and the management committee is to look for grant money for projects.
The treasury has to organise sale of different items during the conference as a fundraising activity.
4. Cash handling.
4.1 The cash has to be handled by at less two people.
4.2 Cash record need to be kept by at less two people