Dear SPSC Members:
We are pleased to announce some GREAT news! After much research, due diligence reviews of various worthy groups, and working on the ground with the directors of the local schools to ensure that all funds donated will directly benefit the children of San Pedro, the Board of Directors has allocated all of the remaining SPSC funds, which are currently held on deposit at Belize Bank in the amount of $32,000.00 BZ (includes earned interest and exchange premiums) as follows:
Roman Catholic School: $10,500.00 BZ
Holy Cross School: $13,500.00 BZ
San Pedro Town Library: $2,400.00 BZ
Total Allocated: $26,400.00 BZ
These allocations will be disbursed on or before March 31, 2007. The balance of remaining funds in the amount of approximately $5,600.00 BZ is allocated to be disbursed to these groups by Dee Thomas, who resides in San Pedro, on an as-needed basis throughout the year.
The SPSC board has previously disbursed the following funds in 2006/2007:
Calendar Girls Project
Classroom construction at
RC School: $10,000.00 BZ
Holy Cross School: $5,000.00 BZ
San Pedro Town Library: $500.00 BZ
Total Disbursed: $15,500.00 BZ
TOTAL DONATED BY SPSC: $47,500.00 BZ
Upon final disbursement of the remaining funds, the corporation will be dissolved.
Thank you all for your support of the children of San Pedro and for your support of the Board of Directors in taking the responsibility required to ensure the funds are donated appropriately. Youíre a great group of folks and we wish you all the best!
SPSC Board of Directors