Spilyay tymoo. (Warm Springs, Or.) 1976-current, January 07, 2015, Page 3, Image 3

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    Spilyay Tymoo, Warm Springs, Oregon
January 7, 2015
Page 3
Welcoming New Year
Friends and family met at Agency Longhouse for the Warm Springs
Recreation Department New Year’s Eve Party, welcoming 2015.
Jayson Smith photos.
Resolutions of Tribal Council
Seniors fund
Whereas the Tribal Coun-
cil has established the Warm
Springs Senior Distribution
Fund for the purpose of pro-
viding payments to Tribal
Members who have attained
the age of 60; and,
Whereas it is the stated
policy of the Tribal Council
that the fund be managed with
the objective of being self-
sustaining, however has failed
to do so in previous years due
distributions being in excess
of earnings; and,
Whereas the Tribal Coun-
cil has reviewed the Senior
Distribution Fund and the es-
timated amounts needed to
provide for distribution pay-
ments in the future; and,
Whereas the recom-
mended benefit payments for
calendar year 2015 be $300
per month to all seniors
reaching the age 60, and,
Whereas the approximate
amount of $1,634,400 is rec-
ommended for expenditure
for the purpose of providing
such pension payments to
approximately 454 Tribal
Members and allocate
$15,000 administration fee to
support operational costs of
the VSF Coordinator admin-
istering the funds, for the cal-
endar year 2015; and,
Whereas the recom-
mended approximate expen-
diture of $1,649,400 from
the fund is not consistent with
the long term objectives of
the fund and is projected to
be fully expended during
2016 if new revenue is not
generated to sustain the pro-
gram; now, therefore,
Be it resolved by the
Twenty-Sixth Tribal Council
of the Confederated Tribes
of the Warm Springs Reser-
vation of Oregon, pursuant
to Article V, Section 1 (f) of
the Tribal Constitution and
By-Laws as amended, that an
amount not to exceed
$1,649,400 is hereby autho-
rized for expenditure from
the Senior Distribution Fund
for calendar year 2015. Reso-
lution no. 11,944.
Scholarship
fund
Whereas the Tribal Coun-
cil has established the Warm
Springs Scholarship Fund for
the purpose of providing as-
sistance to eligible Tribal
members in obtaining a post
secondary or vocational edu-
cation; and,
Whereas it is the stated
policy of Tribal Council that
the fund be managed with the
objective of being self-sus-
taining; and,
Whereas the Tribal Coun-
cil has reviewed the Warm
Springs Scholarship Fund and
the amounts needed to pro-
vide for scholarships for cal-
endar year 2015; and,
Whereas the amount of
$487,100 recommended for
expenditure for the purpose
of providing post secondary
education, $256,500 is rec-
ommended for providing
post vocational education
scholarships including post
baccalaureate and distance
learning, and $56,400 for
Operational costs to support
the administration of the
Scholarship Program, for the
Calendar Year 2015; and,
Whereas the level of
$800,000 expenditure is not
recommended by the invest-
ment advisory committee to
meet the long term objective
of self-sustainability of the
fund and it is recommended
by the Investment Advisory
Committee that the program
be restructured to meet the
long term sustainable goals;
now, therefore,
Be it resolved by the
Twenty-Sixth Tribal Council
of the Confederated Tribes
of the Warm Springs Reser-
vation of Oregon, pursuant
to Ordinance 26 and Article
V, Section 1 (f) of the Tribal
Constitution and By-Laws as
amended, that an amount not
to exceed $800,000 is hereby
authorized for expenditure
from the Scholarship Fund
For calendar year 2015. Reso-
lution no. 11,943.
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85 SW Third St.,
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541-475-2370
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‘We would like to thank all our
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We are now open Saturdays for your convenience, starting Nov. 1.
915 SW Highway 97 - Across the Madras Truck Stop
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Check out KWSO.org for Warm Springs news !
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ph. 541-
475-3157
All your items are bonded and insured while in our care.