UAP POST - 2nd Issue (FY 2016-2017) | Page 22

MEMORANDUM State of the UAP...from Page 7 assembly, their first-ever attendance in the national event: UAP METRO CEBU CHAPTER, UAP CEBU FORT SAN PEDRO CHAPTER, UAP CLARK CHAPTER, UAP MINDORO CHAPTER and the UAP MALOLOS REPUBLIKA. This month, a new international chapter, the UAP OMAN CHAPTER will be chartered. Together, we've already begun to build the foundation for confidence in our financial system. The progress we have achieved to date provides a strong foundation for the UAP to pursue its aspirations for the future. UAP through our Nation- al Budget, is com- mitted to making critical investments in its membership program, funding to support vital nation- al activities, official local and interna- tional representa- tions, operations and improvement of our National Headquar- ters – that will help ensure the UAP’s unparalleled excel- lence over the course of the Fiscal Year. Our friends in the construction community’s contributions remain at the core of what enables us to drive our mission, and for that we are ex- tremely grateful. Our CONEX 2017 has already sold 70% of its more than 350 booths and our UAP Golf Cup Tournament is working for the suc- cess of the next tournament. UAP has taken important steps to manage our financial resources, by enhancing financial and capital plan- ning, exploring alternative revenue sources, and establishing new finan- cial practices and policies. This kind of prudent financial management aims to enable the UAP to begin investing now in several strategic priorities that will pay dividends in the future. With a combination of constrained resources and high aspirations, new and ongoing UAP savings will require trade-offs and judicious cost manage- ment. To that end, we will continue to explore opportunities to both enhance our revenue streams and manage expenses. We will continue to plan carefully for today and tomorrow, prioritize, make choices, and steward our financial resources with great care so that we can build on our historic and continuing excellence in member- 22 ship, in our priority programs, in our 21-point agenda. We are confident in the future health and vigor of this great organization, and grateful for the support of our community and our valu- able sponsors and friends. ON NATIONAL ACTIVITIES AND EVENTS We successfully held the 2016 World Archi- tecture Day celebration with the theme Design for a Better World and recognized 8 distin- guished fellows for Lifetime Achievement during the College of Fellows’ Balik-Tanaw program. Our Bayanihang Arkitektura initi