1999 Minutes of AGM

YUFA Trust
1999 Annual Membership Meeting
Thursday, 20 May at 3:45 p.m.

[See attachment #11of 1999 YUFA AGM Agenda]

Call to Order
The meeting was called to order by Michael Copeland at 4:00 p.m.

Approval of Agenda
“That the Agenda be approved as distributed.” Carried.

Minutes of 1998 Annual Meeting
“That the Minutes of the 1998 Annual Membership Meeting be approved as distributed.” Proposed by James Porter; seconded by Fred Morgan. Carried.

Matters Arising
There were no matters arising.

Approval of Financial Report
“That the Financial Report delivered by Michael Copeland be accepted.” [see YUFA Trust Financial Statements, 30 April 1999]. Proposed by Fred Morgan; seconded by Joe Levy. No questions were asked. Michael Copeland noted that $600,000 was contributed to the Ontario Student Opportunity Trust Fund, an amount that will be matched by the Ontario Government. Carried.

Appointment of Auditor
“That Philip Creighton be reappointed as auditor for 1999-2000.” Proposed by Kathy Bischoping; seconded by Fred Weizmann. Carried.

Nominations and Election
“That the present trustees (Michael Copeland, Paul Evans, Tiit Kodar, Neil Wiener, Mary Sue McCarthy), continue.” There were no further nominations. Carried.

Director’s Report
The “Report of Trustees – 1998-9” was circulated. Michael Copeland noted added that as a result of the Trust’s donation to the scholarship fund noted above, the Trust received 60 free tickets to dinner and a tennis match. These will be distributed to YUFA members on a first come first served basis.

Proposed contributions to the YUFA Foundation (see Director’s Report)
Michael Copeland noted that the Trustees have agreed that $5,000 per year should be donated to the Ontario Graduate Scholarship, a matching grant program, for the eight years duration of the program.

Other Business
There was no other business.

“That the meeting be adjourned.” Proposed by Kathy Bischoping at 4:15; seconded by Fred Morgan. Carried.