Day: September 20, 2011

In late August, the National Executive Board (NEB) met to review programmes; prepare for the upcoming October AGM in Edmonton; and to set the 2012-2013 budget. The global recession and the volatile economic market is a daily concern to all of us. For volunteer organizations such as the NAJC, the financial situation has become acute. Since 2008, there has been a significant annual decline in the interest income generated by our sustaining fund. We depend on the annual income to cover our administrative costs as well as monies for the National Development Fund; SEAD and CD grants. The proposed budget that will be submitted in October to the NAJC membership reflects the anticipated lower rate of return. As a result, we have cut back on administrative expenditures in order to prevent taking away larger sums of money from standing committee programmes and public grants.Continue reading