|
1 |
Once the final
decision has been made, successful applicants will become
recipients of the CSRA grant programs. |
|
2 |
The CSRA
cheques require the signatures of two Directors. |
|
3 |
A cheque shall
only by issued to an individual if he or she is a successful
applicant of a CSRA Objective B Composition or Recording
Grant. |
|
4 |
Cheques for all
other grant and bursary programs will be made payable to the
relevant school, university, college, music teacher,
recording studio or instrument rental and supply company. |
|
5 |
No more than
20% of donated funds shall be allocated to administration
costs or any other expenses that the Society may incur. |
|
6 |
No less than
80% of donated funds shall be allocated towards fulfilling
the Society's Objectives. |
|
7 |
No more than
20% of proceeds from fundraising activities shall be
allocated to administration costs or any other expenses that
the Society may incur. |
|
8 |
No less than
80% of proceeds from fundraising activities shall be
allocated towards fulfilling the Society's Objectives. |
|
9 |
The CSRA shall
conduct its affairs without financial gain for its members.
Any profits or accretions to the organization shall be used
solely to promote its objectives. |
|
10 |
The Directors
will be responsible for the basic operational costs unless
the Society has sufficient funds available within the 20%
budget allocated for administration and other expenses. |
|
11 |
The CSRA shall
not acquire debt through loans, mortgages or any other means. |
|
12 |
The CSRA has no
intention of acquiring property at this time. Only by the
passing of a resolution of the Society's Directors may a
property be acquired. |
