Members Present:
| Patricia Magnuson | Jim Westrum | Jeff Solomon |
| Donna Luhring | Earl Athman | Sue Crockett |
| Kim Josephson | Colleen Mertesdorf | Recorder: Sue Crockett |
| Agenda Item | Notes/Decisions | Follow Up/Action Items |
| Consent Agenda 4th Qtr Financials and Year End Receipts and Disbursements | 4th Qtr and year end financials reviewed | Motion made and financials approved. |
| 2007/2008 Budget and financial projection | Budget and projection reviewed – 2007/2008 Budget: Total Revenue: $364,700; Total Expenses: $327,861; Net Income: $36,839 | Motion made and budget and financial projection approved. |
| Certification Program Proposal | The Communication and Engagement Committee submitted a proposal for the certification program. The program includes the Institute. It has been discussed that the Institute would move to the first week of March. | The Board saw no red flags and requested that the committee continue working on the program. It was agreed that plans should continue to hold the Institute in March of 2008 at the TIES facility. It will be the first criteria in determining if location or time of year is a factor. |
| Executive Director Contract | The executive committee proposed: Contracted Services: $102,495; Health Insurance Allowance: $5,800; Office Space: $5,500 to be paid to Crockett Associates, Inc. for executive director services and office rental. | Motion made and contract approved. |
| Alliance for Student Achievement Representative | The new term for representatives to the Alliance begins July 1. It has been recommended to assign a new MASBO member prior to the August 14th strategic planning session. | Action: Sue will ask the legislative committee chair, Barb Anderson, for a recommendation. |
| Adding Online credit card payments to MASBO website | Sue would like to add credit card payments to the MASBO registration form. The program Pay Pam is the desired vendor. Pay Pam charges 2.95% per transaction. The question raised was should the membership pay the fee or should MASBO absorb the fee? | Action: MASBO will absorb the credit card fee for the next year and evaluate the expense at the end of the year. |
| Fund Balance Policy | Colleen Mertesdorf requested a discussion on establishing a policy of what the board feels an adequate fund balance should be Policy for Associations is usually 75% of budget. | Tabled for next board meeting |
| Past President Award | Earl Athman – proposal for new award | Tabled for next board meeting |
| MASBO P-card payments | MASBO has been using the P-card (Harris Bank) to make large association expense payments. | Action: Sue will send Colleen a report for each the period to review |
| MSDLAF | Colleen and Sue brought a resolution to the MSDLAF board of trustees suggesting that more business managers be added to the board. The purpose is to help the fund have better programs and service to compete in the marketplace. | Action: MSDLAF Board of Trustees formed an ad-hoc committee to meet and discuss the recommendation and report back to the full board. Meeting is on August 24, 2007. |
| Upcoming Board Meetings | Board of Directors Meeting – Friday, November 2, 2007. Location TBD |
