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Citizenship and Immigration committee  We actually only will cover the criminal wrongdoings of a CSIC member at this time. CSIC itself can regulate only its members, so IMMFUND will only be responsible for providing compensation to CSIC members' victims, for lack of a better term. At this point in time, it's restricted to only those who have been convicted criminally, but certainly as the fund matures and grows we're hoping to widen the exposure and coverage as well.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  It would be on the CSIC website, because they're consolidated into the CSIC financial statements.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  No claims to process.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  The fund itself is a subsidiary of the parent. If the parent is going to wind up, the first thing they're going to do is close down their subsidiaries and repatriate those funds into the parent corporation.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  You can explain how it works, John--

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  Well, that was what was collected, yes.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  There would have been expenses in those first two years as well.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  I can for the first year because this fiscal year isn't over until the end of this month and we'll have to undergo our external audit before that. In the first year, we had expenses in the amount of about $200,000.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  That was for the set-up of the fund relating to professional fees for drawing up bylaws, policies, and things of that nature, and also for rent, staff, etc.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  Not by law. You can't return it to members on a not-for-profit.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  In the first year we collected $500, but in the second year we reduced it to $350.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  For this coming fiscal year, which is starting on November 1, it will be $350.

October 25th, 2010Committee meeting

Holly L. Gracey

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  As a not-for-profit subsidiary, all our financial revenue and expense has to be consolidated into our parent corporation's financial statements. All of those are released to the members of the CSIC at the annual general meeting. You might want to add more to that, John.

October 25th, 2010Committee meeting

Holly L. Gracey

Citizenship and Immigration committee  Yes, I'm making the presentation.

October 25th, 2010Committee meeting

Holly L. Gracey