After receiving legal advice, GFOABC has decided to declare as a non-member based organization for the single reason that we do not want to restrict our non-membership income to 10%. Although this does not appear to be an issue with the current income structure, it could limit us in the future from receiving funds for program development such as from FCM for asset management.Electing to not become a member-based society requires a simple Board resolution which was passed at the April 27, 2017 meeting held in Kelowna.
The transition filing requirements were met by GFOABC staff on May 9, 2017 and certified documents will be forwarded to our solicitor, Young Anderson.
In the event GFOABC should someday be dissolved, the Association’s assets, both physical and financial, would be handed over to the Ministry of Community, Sport and Cultural Development.