Republic of the Philippines

Province of La Union
City of San Fernando
Barangay Poro

PORO SEA LOVERS ASSOCIATION EXECOM MEETING

Multi-Purpose Hall, Fisherman’s Village, San Fernando City, La Union

February 27, 2020

I. Opening Prayer – Jenny Joy Mamuyac

II. Roll Call- Mary Josie Fontanilla

NAME OF ATTENDEES POSITION

Martin D. Ollero President
Mary Josie Fontanilla Secretary
Flora R. Fontanilla Treasurer
Jenny Joy Mamuyac Livelihood Team Leader
Simplicio Baldemor Patrolling Team Leader
Agripina Mayo Membership Team leader
Lucita V. Peralta IEC

Elsie J. Bejar ISO

Rizzvill D. Espina ISO

III. Reading of Previous Minutes of Meeting – Mary Josie Fontanilla

IV. Certification of Quorum- Flora R. Fontanilla
V. Presentation of Agenda-Martin Ollero Jr.
 Bantay Dagat Concerns
 Marker Buoys and Intruders
 Status of Efraim Camacho
 Incoming Activities

VI. Approval of Agenda

Mary Josie Fontanilla- Moved the meeting
& Seconded by Flora Fontanilla

VII. Discussion
8 out of 10 officers were present during the meeting. Mr. Efraim, Monitoring Team leader unable to
attend due to his work/job commitment while Ms. Valerie Luna was terminated. Appointment for the
vacant position has not yet undertaken because they are having the hard deal to choose from the loop
of members.

Ms. Valerie Ann Luna and Mr. Efraim Camacho were inactive for almost 2 months. Their failure to
attend activities such as coastal clean-up, regular meetings and social gatherings and services are the
probable causes for the council to terminate them. For the meantime, Mary Josie will be the secretary
of PSLA as she is well experienced for this position

General information sheet is to be submitted to the office of Securities and Exchange Commission
this coming March 10, 2020. Ms. Mary Josie and Ms. Flora are the one who will submit it.
Ms. Flora presented the proof that PSLA filed their mandatory requirement to BIR. Annual
registration fee for the year 2020 amounting to 500.00 was settled and received by BIR. Filing of
quarterly income tax, 1702 QT were also fulfilled for the whole year of 2019.

Sir Rizzvill Espina will assist PSLA to file the Annual Income Tax which is to be filed on or before
April 15, 2020. As suggested during the meeting, they can now file the said tax return as early as
March 9, 2020.

Jenny Joy Mamuyac presented the following figures during the meeting as part of her creditor’s report
on Micro-financing Program:

EARNINGS
Beginning Capital, 0.00
Add:
Interest Income 29,050.00
Collector's Fee 5,970.00
Filing Fee 3,050.00 38,070.00
Less:
Administrative Expense 11,575.00
Collector's Incentive 5,970.00 17,545.00
Ending Capital 20,525.00

Asset        
Cash 16,779.00
Loan's receivable 84,555.00
TOTAL ASSET 101,334.00
Liability
Loan's Payable 45,000.00
Equity
Capital 35,809.00
Retained Earnings 20,525.00
TOTAL LIABILITY AND EQUITY 101,334.00

Prepared: Mary Josie Fontanilla Approved by: Martin D. Ollero Jr.

Acting PSLA Secretary PSLA President