PROPOSAL for maintenance of Sri Lakshmi Narayanan Temple, Moolangudi
Based on the assurances given by the members of the Moolangudi clan so far the following is proposed:-
(1) start paying a lump sum of Rs.1,000/- (Rupees One thousand only) to Sri Raman (the archagar who is attending the temple) from January, 2011 informing him that a sum of Rs. 200/- is included towards part payment of petrol expenses. It is also proposed that his pay scale be fixed as follows - Rs.800-75-1100-100-1500. In other words he will be paid a basic salary of Rs. 800 per month from January, 2011 plus Rs.200 towards petrol expenses, and from January, 2012 his monthly salary will increase to Rs.875 plus Rs.200=1075/- p.m. and so on, unless otherwise we decide to give one more increment. This is proposed to take care of inflation.
(2) He has the option to receive the money once in three months as is being done presently, or monthly if he so desires.
(3) we can send the money to his bank account at Kodavasal. Or alternatively we can pay him through my contacts at Oppiliappan Kovil once in a quarter (he goes to the temple at least once in a month as a substitute priest). He has one elder brother who is taking care of a temple at Kodavasal and he has an younger brother who assists him (they are taking care of about 5/6 temples in and around Moolangudi, Vembanur and Manchakudi - all temples situated on Kodavasal-tiruvarur route).
(4) Open a recurring deposit account for say 37 months (where the interest component is the maximum - 8% per annum) and once we reach a maximum of Rs. 300,000/- (Rupees three lakhs only) we stop our contributions towards the fund.
(5) based on the estimated interest the lump sum we will get after 3 years will be approximately Rs. 350,000/- which will be converted into a corpus fund and invested in long-term fixed deposits, with an option for payment of interest once in a quarter. This money will be spent towards archagar's salary and maintenance of the temple - like oil, flowers etc.
(6) now is the difficult part - how to operate the account and who will operate the account. My suggestion is that Radha Ananthanarayanan, Sridhar Srinivasan, Sriram Rengarajan and Ranganathan Raghunathan, Giridharan Ranganathan and Anuradha Satish be nominated as the Trustees and let them decide how to go about the operational side.
(7) I feel we should register this as a charitable trust with the Charities Commissioner, Madras and we have to draft a trust deed.
(8) Some of the important clauses in the trust deed to be incorporated are -
(a) each family will be represented in the trust by one person
(b) accounts to be maintained and quarterly, half yearly and yearly accounts statements shall be circulated to all the Moolangudi family members in a condensed format.
(c) both Internal Auditor and external Auditor to be appointed and their reports to be circulated.
(d) the bank account to be operated jointly by two or three trustees
(e) all decisions to be unanimous
(f) in case of disputes the Charity Commissioner's decision is final and binding
(g) funds to be invested in secured fixed deposits and insurance against loss to be taken
(h) all the trustees should meet at least once in 2/3 years
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