Meeting Minutes
2009/2010
Board of Directors Meeting
July 15, 2009
The meeting was called to order at 6:45 p.m. with Sheryl Elliott presiding.
Meeting location: Panera Bread, 1330 Orchard, Aurora, Illinois.
Attendance
Present: Bob Brown, Sheryl Elliott, Fred Baier, Barb Epperly, Ann Pedersen, Mike Savickas, Pritesh Thakrar, Tom Bohler, Pam Voorhees, and Mercie Woolfolk
Absent: Doug Clinton, Mark Maine, Patricia Favela, and Cindy Smith
President – Sheryl Elliott
- Sheryl gave web portal access to Barb, Pritesh, Bob, Pam, and Mercie.
- Cindy Smith, Caterpillar, is the Newsletter Director.
President Elect – Pam Voorhees
- No report.
VP Administration and Finance-Pam Voorhees
- The chapter will submit the Memorial Education Fund (MEF) Grant application to National by the deadline of August 31st.
- Student conference fees are $130 per student
- We want to raise CMA awareness so the chapter could reimburse candidates for CMA Exam fees at the going rate per section or the going rate per section for students.
- Barb Epperly motioned that if the MEF grant is awarded to our chapter, the chapter will reimburse members of our chapter 25% to take the exam and 25% of the fee per part if they pass the exam. A second motion was made and it passed unanimously with no abstentions or opposing votes.
- Pam distributed two worksheets. The first worksheet contains membership goals and competition and the second worksheet contains the last five years of chapter performance.
- Directors reviewed electives and the chapter board assigned directors to particular items.
- CPEs are given for up to two plant tours.
- The plan year needs to include 16 hours of CPE hours for members.
Treasurer-Fred Baier
- Fred presented the June 2009 Treasurer’s Report.
- Disbursements were $225.11 for June 2009.
- Check 2432 was issued for $198.47 to Bob Brown for May board refreshments.
- Check 2433 was issued for $ 26.64 to Mike Savickas for photo copies.
- Fred Baier motioned to approve the June 2009 disbursements. Bob Brown seconded the motion and it passed unanimously with no abstentions or opposing votes.
- Receipts for June 2009 total $448.92
- The CD was closed during June.
Tom Bohler motioned to approve the June 2009 Treasurer’s Report with ending balance of $8,208.57. Bob Brown seconded the motion and it passed unanimously with no abstentions or opposing votes.
- Please submit budget information for July 2009 to June 2010 to Fred by July 31st.
- Tom and Fred distributed the 12 month financial statements for July 1, 2008 to June 30, 2009.
- Ann submitted a reimbursement request to Fred Baier.
- Ann thanked Tom Bohler for his many years of service as Treasurer.
Secretary-Barb Epperly
- Barb Epperly emailed the minutes for the June board meeting to directors.
- Barb Epperly motioned to approve the June 17, 2009 minutes as presented. A second motion was made and it passed unanimously with no abstentions or opposing votes.
Director of Special Activities-Patricia Favela
- No report
Communication Leader-Sheryl Elliott
Newsletter-Cindy Smith
- No report
Director of Program Roster-
- No report.
Director of Public Relations-Ann Pedersen
- Ann provided feedback for the Oberweis Dairy tour.
- Other plant tours could be arranged for McDonalds, Water Company, Wastewater Treatment Facility, Board of Trade, Federal Reserve, or Grand Victoria Casino. Ann will work with Patricia to plan another tour.
- A social event could be planned for the Kane County Cougars game.
- Ann suggested LinkedIn and other on-line social networking sites for a meeting topic.
Webmaster-Mark Maine
Community Services Director-Open
Education Leader-Open
Director of Meetings-Barb Epperly
- Various meeting locations were mentioned and included a VFW hall and pizza restaurants.
- Ann indicated that St. Andrews would be a good location for a meeting.
- Pritesh suggested the Naperville or Batavia Library for a technical meeting. Food can be catered in for the event.
- Barb distributed her preliminary planning location sheet for the board meetings.
- Barb will investigate pizza locations for technical meetings.
VP of Professional Education -Mike Savickas
- Mike distributed a preliminary schedule for Professional Development and Technical Meetings.
- Mike sent his survey to chapter members and requested members to return them by July 31st.
- A joint meeting on November 18th with the Northwest Suburban IMA Chapter was discussed to help offset the cost of the Fory Group with Ron Fory speaking.
- International Financial Reporting Standards (IFRS) begins 2010 for large companies and 2013 for all other companies, except governments or non-profit companies.
- Mike will contact Jerry Murphy or Harlan’s chapter to request a speaker for the FASB Codification of Rules and Regulations or to have a FASB Fellow speak.
- A speaker from Montvale would be free of charge.
- A technical meeting at a University was discussed. Sheryl, Pam, and Bob will make phone calls. This may be a good night to have pizza.
Director of Education -Open
Directors of Manuscripts-Doug Clinton
Academic Relations Director-Open
Director of CMA/CFM Programs-Mercie Woolfolk
- Mercie distributed the inventory sheet showing 20 clocks on hand.
- Mercie will contact a few VFW halls to see about holding a meeting at their location.
Director of Student Activities-Bob Brown
- Bob suggested ordering pens again.
- Bob Brown motioned to order pens up to a $250 limit. Barb Epperly seconded the motion and it passed unanimously with no abstentions or opposing votes.
- Bob will contact Illinois colleges.
- Member retention phone calls continue with calls to new members, members after 6 months of joining, and 60 days prior to renewal. No calls are made to ELMs (life time members) or out-of-state members.
VP Membership Development-Bob Brown
Membership Leader-
Director of Member Attendance-Pritesh Thakrar
- Pritesh suggested the FASB Codification of Rules and Regulations website for a potential meeting topic. The website will be available the 3rd quarter of this year.
Director of Membership Acquisition-Open
Director of Member Retention & Participation-Open
Corporate Development Chair-Open
Old Business-
- The summer council meeting will be held at Temprite on July 25th with Bob Brown hosting the meeting.
New Business-
Past Presidents-
Regional & National Officers-
Adjournment
Bob Brown motioned to adjourn the meeting at 9:15 p.m. Ann Pedersen seconded the motion and it passed unanimously with no abstentions or opposing votes.
The next Board meeting will be Wednesday, August 12, 2009 (rescheduled from August 19, 2009) at Pal Joey’s, Wheaton, Illinois.
Respectfully Submitted, Barbara Epperly Secretary
