SECTION 1:

Overview

The Allocation Process is an integral component of the administration of the Society Legacy Fund. It is overseen by the Allocation Committee, which maintains fair policies and efficient procedures for funding applications and service requests. The Board of Directors is responsible for all decisions regarding the allocation of funds and services. The process is reviewed annually to ensure that the administration of the fund is aligned with the priorities of the citizens of the Kamloops Region. The Legacy Fund is an enhanced community investment with sport stakeholders.

The allocation of funds and services is consistent with the purposes of the Society constitution and the guiding principles of the organization. Funds are allocated based on the previous year’s return on the investment of the Legacy Fund, the capital of which is to be maintained to perpetuity.

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