Page 9 - ANNUAL REPORT FINAL

Finance Committee Membership Committee

Mrs. Alicia L.

Cinco

Chairman

Vice-Chairman : Mr. Renato C. Valencia

Members : Mr. Robin King
Atty. Ian Ray P. Malilong
Mr. Ismael L. Melendres, Jr.
Mrs. Jennifer C. Guerrero

Membership

Despite the pandemic, the Committee was able to accomplish the following:

• Collected Php 2,055,000.00 transfer fees for the year.
• Processed 52 applications for membership.
• Processed 1 applicant for lifetime membership.
• Conducted a virtual induction of 62 new members on December 11, 2020.
• Processed 2 over-aged dependents.
• Processed 5 associate memberships.
• Approved the request of Ms. Leah T. Ampil to transfer to her the share of Graphicom Printers, Inc.,

where she used to be the corporate nominee and to apply the transfer fee that she paid when she
was nominated.
• Approved the request of Ms. Corazon Remo to apply for lifetime membership.
• Approved the re-application of membership of Mr. Fernando R. Aldeguer III.

The Committee extends its gratitude to all members for their continued support and cooperation.

The Financial Statements, Statement of Management’s Responsibility, and the report of
Independent Auditors are shown in the succeeding pages of this Annual Report. 6

Makati (Sports) Club, Inc.