general body meeting - jain center of new jersey

Jain Center of New Jersey

GeneralBodyMeetingDecember 16, 2018—JCNJ Auditorium—10 AM

111 Cedar Grove Lane, Franklin Township, NJ 08873

Pranam & Jai Jinendra

Following up the notice we provided in the September Paryushan Patrika, a Regular General Body Meeting of the registered members of Jain Center of New Jersey (JCNJ) will be held on Sunday, December 16, 2018 at 10:00 AM in the Auditorium of JCNJ. This special General Body Partika provides you the documents pertaining to the agenda of this meeting. We have arranged to provide breakfast during morning hours till 9:30 AM. We request your presence at this annual meeting.

JCNJ CONSTITUTION GUIDELINES QUORUM REQUIREMENTS:

A quorum for Regular General Body Meeting shall consist of two hundred (200) or 15% of total voting members, whichever is smaller. No resolutions can be passed at such a meeting where there is lack of quorum. If quorum is not reached at a scheduled meeting, Secretary shall call another General Body meeting within 45 days of such scheduled meeting. If quorum is not reached again, the finan-cial statement of JCNJ will be presented for informational purposes, but no resolution can be passed. The Operating Budget of JCNJ shall be presented to the General Body for approval but in the event same is not approved due to lack of quorum or otherwise, the prior year's Operating Budg-et shall be automatically adopted. The Capital Budget of JCNJ requires approval by the General Body at a meeting with quorum for adoption.

PRIMARY PURPOSE: The primary purpose of the Regular General Body meeting is for the Board of Trustees to provide broad communication to the membership-at-large, to answer questions submitted in advance of the meeting by the membership, and approve operating and capital budgets. Questions raised during the meeting will be answered there itself or within 45 days, if the question cannot be reasonably be answered. A majority of voting members present in person will be required to pass a resolution except as otherwise provided in N .J.S.A. 16:1-13.3 and 16:1- 18. All proposed resolutions sought to be passed must be distributed in its proposed final form along with the 30 days' notice before the actual occurrence of the meeting. A copy of the previous operating and capital budgets, previous year's actual expense and donations received, and the next year proposed operating and capital budgets must accompany the General Body Meeting notice.

Meeting Agenda Meeting called to order Establishment of Quorum Manglacharan Finance Update Budget Presentation & Approval Capital Projects & Approval Approval of Resolutions President’s Update Flash Updates from each OMC

Lunch Break (1:00 PM) Sangh Member Q&A

Summary of 2019 Proposed Operating Budget

Details of 2019 Proposed Budget - Page 1 of 3

Bridge from 2018 Actual Expenses to 2019 Proposed Operating Budget The breakdown below provides delta comparison of 2018 Budget to 2017 Projected Expenses. We significantly reduced spent.

Also provided 2019 Proposed Budget with breakdown of key drivers for increased spend vs. 2018 Actual Spent.

2019 Projected Sarva Sadharan Income—Based on 2018 Sarva Sadharan Income

The breakdown below provides a breakdown of fund sources that we are projecting for collection of Sarva Saddharan Funds needed to cover for 2019 Proposed Operating Budget expenses. The objective is to avoid using any Dev Dravya Funds for any Sadharav Dravya expenses in the 2019 Operating Budget Expenses.

Updated actuals will be presented at the GB Meeting as part of the Annual Financial Update.

2019 Proposed Capital Budget (with 2020 suggestions)

Additional Details about each of these projects will be provided during the General Body Meeting

JAIN CENTER OF NEW JERSEY A NON-PROFIT MEMBERSHIP RELIGIOUS CORPORATION

Resolution for Consideration by Members at Dec 16, 2018 General Body Meeting regarding Approval of the

Proposed Operating and Capital Budgets for the Year 2019 RESOLVED, that the General Body hereby adopted and approved the proposed Operating Budget as published in the notice for the General Body meeting. RESOLVED, that the General Body adopted and approved the proposed Capital Budget for 2019 as published in the notice for the General Body meeting. CERTIFICATION TO BE COMPLETED AT MEETING: THE UNDERSIGNED, being duly elected and qualified officers or representatives of the Corporation holding the positions indicated be-low their signatures, hereby certify that, at the General Body Meeting on _________________, 2018 called in accordance with the Con-stitution of the Corporation (as amended to date) and the 2017 By-Laws (as amended to date) of the Corporation, upon proper no-tice and with a quorum present, the foregoing resolutions were presented as follows: On motion duly made by ________________________ , seconded by _____________________.

(insert name) (insert name) Number of votes cast for:___________ against:____________ abstaining:__________________

(insert #) (insert #) (insert #)

_____________________________________ ___________________________________ Name: Bhavesh Shah Name: Jatin J. Shah

Position: Secretary, JCNJ Position: Vice-President, JCNJ


Resolution for Consideration by Members at the Dec 16, 2018 General Body Meeting regarding Approval of Forgiving The

$75,000 Loan to Jain Society of Greater Phoenix and Changing it as a Dev-Dravya Donation in JCNJ Finance Records

Jain Center of New Jersey (JCNJ), loaned a sum of $75,000 to Jain Society of Phoenix in the Year 2007 for construction of their Jinalay. Jain Society of Phoenix has had financial difficulties and have requested to JCNJ to forgive this loan. The Jain Society of Phoe-nix has committed to recognizing this donation of JCNJ with an appropriate plaque displayed prominently in its Jinalay.

JCNJ’s elected Officers and Trustees, collectively the Board of Trustees, have considered this matter at its meetings and ap-proved a motion to forgive this loan and to change (reclassify) it as Dev-Dravya donation in JCNJ financial records, pending approval of this decision by the General Body.

RESOLVED, that the General Body hereby adopted and approved a proposal to forgive $75,000 loaned to Jain Society of Greater Phoenix for construction of its Jinalay (Derasar/Temple), and to reclassify this loan as a Dev-Dravya donation in JCNJ’s finan-cial records.

CERTIFICATION TO BE COMPLETED AT MEETING:

THE UNDERSIGNED, being duly elected and qualified officers or representatives of the Corporation holding the positions indicated be-low their signatures, hereby certify that, at the General Body Meeting on _________________, 2018 called in accordance with the Con-stitution of the Corporation (as amended to date) and the 2017 By-Laws (as amended to date) of the Corporation, upon proper no-tice and with a quorum present, the foregoing resolutions were presented as follows:

On motion duly made by ________________________ , seconded by _____________________. (insert name) (insert name)

Number of votes cast for:___________ against:____________ abstaining:__________________





Resolution for Consideration by Members at the Dec 16, 2018 General Body Meeting regarding Approval of Dev-Dravya Donation of $150,000 to Jain Society of Central Virginia for

Construction its Jinalay (Derasar/Temple)

Jain Center of Central Virgina is constructing a Jinalay (Derasar/Temple). It has requested JCNJ to contribute (donate) JCNJ Dev Dravya funds towards construction of its Jinalay.

JCNJ’s Officers and Trustees, collectively the Board of Trustees, have considered and approved a motion to donate $150,000 to Jain Center of Central Virginia. The Jain Society of Virginia has committed to recognizing this donation of JCNJ with appropriate plaques – in Ghabhara and/or the other in Rang Mandap—based on the Option approved by the General Body Members.

RESOLVED, that the General Body hereby adopted and approved the Option _______ from the options provided below: OPTION A: Donate $75,000 Dev Dravya Funds for the Gabhara of the Jinalay OPTION B: Donate $75,000 Dev Dravya Funds for the Rang Mandap of the Jinalay OPTION C: Donate $150,000 Dev Dravya Funds for both the Gabhara and Rang Mandap of the Jinalay

CERTIFICATION TO BE COMPLETED AT MEETING:

THE UNDERSIGNED, being duly elected and qualified officers or representatives of the Corporation holding the positions indicated be-low their signatures, hereby certify that, at the General Body Meeting on _________________, 2018 called in accordance with the Con-stitution of the Corporation (as amended to date) and the 2017 By-Laws (as amended to date) of the Corporation, upon proper no-tice and with a quorum present, the foregoing resolutions were presented as follows:

On motion duly made by ________________________ , seconded by _____________________. (insert name) (insert name)

Number of votes cast for:___________ against:____________ abstaining:__________________




President him

[email protected]

973-994-9090 V

ice President jatin.shah@

jaincenternj.org 908-756-0131

Secretary bhavesh.shah@


Joint Secretary mihir.shah@


Treasurer kum

[email protected]

609-721-3797 Jt. Treasurer

champa.bid

@jaincenternj.org

973-641-8702

[email protected]

732-329-2478 a

nil.shah@


kanan.patrawalla@

jaincenternj.org 973-635-6575 m

[email protected]

732-548-2423 harshad.shah@


mona.m

ody@


gautam.shah@


[email protected]

201-792-1153 jigar.shah@


[email protected]

732-322-5384 anil.k.shah@


[email protected]

732-678-0079 keta

n.shah@

jaincenternj.org

732-355-9691 parag.gand

[email protected]

973-487-0574 paras.sheth@


[email protected]

732-819-7227 sam

[email protected]

718-666-5429 sanjay.sheth@


[email protected]

732-878-9294 m

[email protected]

201-792-1153

CONTACTIN

FORM

ATION

Trustees

Operations M

anagement C

omm

ittee

Officers

JainCenterofN

ewJersey

111CedarGroveLaneSom

erset,NJ08873

general body meeting - jain center of new jersey

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