SEED OF FAITH COOPERATIVE INVESTMENT

CREDIT SOCIETY (C.I.C.S)

REPORTS ON THE 7TH ANNUAL GENERAL MEETING HELD ON MARCH 25, 2023

The President,
Distinguished Excom Members,

On behalf of the Chairman, members of the Committee, we appreciate the irreplaceable God for
the privilege to serve this great Society. We will always soar higher and be relevant in all spheres of
life.

We appreciate the Excom for taking our suggestion (in our report for the 5th AGM) into
consideration i.e. getting equal Sourvenir for all members as to reduce constant parade of the
market. The Ancient of Days will continue to increase your wisdom.

S/N ANALYSIS AMOUNT N AMOUNT N AMOUNT N

i. Approved Budget 787,000.00

ii. VENUE
Cleaning/Arrangement of Chairs and Decorations of 6,000.00
the high table
Public Address System 5,000.00
11,000.00
iii. GIFTS
Members 200,000.00
Excos & others 56,000.00
256,000.00
iv. SOUVENIR
2 fans @ N21,000each 42,000.00
1 cylinder @N10,000 10,000.00
Home theatre 40,000.00
2 washing machine @N53,000 106,000.00
198,000.00
v. ORDER OF EVENTS
Calendar & Program Booklet 85,000
Sticker & Photographs 28,500
113,500.00
vi. REFRESHMENT
Food 124,805.00
Bottle Water & Drinks 12,600.00
Transport 4,000.00
141,405.00
 Vii MISCELLANEOUS
Transportation & Logistics 25,000.00
POS/Charges 3,755.00
Excesses on logistics 1,945.00
30,700.00
(750,605.00)

Approved Budget 787,000.00

Total Expenses (750,605.00)
Bal B/D 34,395.00

CONCLUSION: Above are the breakdown of the approved budget and expenses incurred for the
7th Annual General Meeting of Seed Of Faith C.I.C.S.

Thanks

______________________________
PST. FEMI FABIYI
AGM Chairman

________________________________
DCN AKINWAMIDE ADENIYI D.
AGM Secretary

________________________________
MRS FUNMI ALLI
AGM Treasurer

Cc:
Agm archive, Agm Chairman, Agm Secretary