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REGULAR MEETING of the FINANCE COMMITTEE MONTECITO WATER DISTRICT 583 SAN YSIDRO ROAD, MONTECITO, CALIFORNIA WEDNESDAY, JUNE 21, 2023 11:00 A.M. Attend in Person or Join by Teleconference: https://us06web.zoom.us/j/85264497639?pwddW9hdHFWZ1JmSXRsa0tPZGgvMFR4Zz09
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A century of support refers to a period of assistance or financial backing that is structured over one hundred years, often seen in long-term investment or endowment plans.
Individuals or organizations that are responsible for managing assets or funds intended for long-term support, often nonprofit entities, are typically required to file a century of support.
To fill out a century of support, you must provide detailed information regarding the funds, intended use, beneficiaries, and long-term financial projections, often guided by specific governmental or organizational requirements.
The purpose of a century of support is to ensure sustainable funding and resource allocation over a long duration, allowing for planned growth and support of certain projects or beneficiaries.
Information that must be reported includes the source of funds, intended use, beneficiary details, periodic financial reports, and future financial projections for the support period.
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