K88 Reunion Bulletin No. 8 - Fund Update

We are pleased to post the collection report as of February 1, 2008. As what we have committed, we will be transparent on the collection of funds as well as its disbursements.

We have put into place certain procedures like the issuance of an accountable acknowledgement receipts distributed to the coordinators as well as this collection summary report to account for all contributions received.

TOTAL COLLECTION AS OF 1 FEBRUARY 2008: Php 48,100.00*

As soon as we start the disbursement of this fund, we will also post a regular disbursement report through a bulletin.

Again many thanks and we truly appreciate the support we have received and will receive from you all.

Feel free to email us should there be any concern regarding this report.

Long live K88.

*The amount includes the converted amount of the dollar contributions we have received from abroad. For simplicity's sake, we just used a 40:1 fx conversion rate for the said contributions.

Note: Due to the public nature of this website, we chose to post just the total amount of the collections here. The more detailed report which contains the names and corresponding contributions has already been forwarded to the email address of each member on our email list. Should you wish to have that report forwarded to you, just inform us and subscribe to our mailing list.