FOX RIVER VALLEY CHAPTER
2013-2014 Board of Directors Meeting
May 7, 2014
Minutes
The meeting was held at Braconi’s Pizza in Naperville and was called to order at
6:30p.m. with Sheryl Elliott presiding.
Attendance
Present: Sheryl Elliott, Kathy Horton, Ann Holmstrom, Bob Brown, Angela Truong,
Jason Warner, Terri Sprout, and incoming board members Brian Wetters, Barb Wood,
and Dan Twait. This constitutes a quorum.
Absent: Mike Walschot, Pam Voorhees, and Kalyani Badrinath.
President – Sheryl Elliott
 Sheryl passed out copies of the 2014-2015 board member contact list.
 The Mid-America Council delegates for the chapter will be Angela, Kathy, and
Sheryl.
 Sheryl has submitted a Chapter/Council Visit Request Form to IMA Global to
have the IMA Chair, Chair-Elect, or Chair Emeritus attend a chapter meeting in
the fall to celebrate our chapter’s 65th anniversary. She will let the board know
what response she gets in terms of who can attend and what are the available
dates.
 The summer board meetings were decided:
o June 17th at Braconi’s Pizza
o July 15th at Sheryl’s house
o August 14th at Braconi’s Pizza
Secretary – Angela Truong
 Angela emailed the April 9th minutes to board members and no requests for
changes were made.
 Angela motioned to approve the April board minutes. The motion was seconded
by Bob Brown and it passed unanimously.
Page 1 of 4
Treasurer – Bob Brown
 Bob emailed copies of the April Treasurer’s Report and also passed out copies at
the meeting of this report plus reports showing the 2013-2014 budget and actual
expenses by month and type of expense. The latter reports will be helpful for
creation of the 2014-2015 budget that is due to IMA Global in a few months.
 There were three disbursements in April: one to Kathy Horton for $180.00 for
speaker gifts, another to Sheryl Elliott for $243.50 for expenses related to the
March professional development seminar, and another to Gaslite Manor for
$599.04 for the April technical meeting. Bob Brown motioned to approve these
disbursements. It was seconded by Ann Holmstrom and passed unanimously.
 Bob motioned to approve the April Treasurer’s Report. It was seconded by Ann
Holmstrom and passed unanimously.
 The CD expires on 5/19/2014. Bob motioned to renew the CD and it was
seconded by Jason Warner. Motion passed unanimously.
VP Professional Education – Kathy Horton
 Kathy requests that any members with ideas for names/topics for the 2014-2015
technical meetings to let her know. A few topics were suggested: improvisation
skills for business, the Affordable Care Act, internet tax, sales and use tax, and
how to obtain small business development grants. Speaker suggestions included a
NIU professor and FEMA employee.
 Kathy provided information about her investigation of obtaining NASBAapproved CPE for technical meetings. She is thinking that the chapter should not
go through the application process to get this approved and instead chapter
members that are CPAs could be encouraged to submit non-verifiable CPE hours.
She will call the Illinois CPA Society to confirm that this is a viable option.
 Kathy said that due to her teaching schedule she may not be able to attend board
meetings, but she will send reports to Sheryl to present at the board meetings.
VP Administration and Finance – Ann Holmstrom
 Ann said that preliminary points are available on the Chapter Portal and she
expects the final points and standing to be available next month.
 Ann submitted the annual transmittal report by the April 30th deadline and expects
the chapter to get the “Excellent” rating due to having 12 electives.
 Ann will create a report that can be used by the board to plan for competitive
points for next year.
Director of Newsletters – Kalyani Badrinath (absent)
 A chapter newsletter was sent to members in April.
President Elect – Open
Director of CMA/CFM Programs – Mike Walschot (absent)
 No report.
Page 2 of 4
Director of Meetings – Mike Walschot (absent)
 No report.
Director of Member Attendance – Terri Sprout
 No report.
VP Membership Development – Jason Warner
 No report.
Director of Membership Acquisition, Retention & Participation – Jason Warner
 No report.
Director of Public Relations – Open
 No report.
Webmaster – Mark Maine (absent)
 No report.
Director of Special Activities - Open
 Bob Brown is organizing a chapter social event to attend the June 7th Kane
County Cougars baseball game and sit in a group. The deadline to request tickets
has now passed and 14 people will be attending. The tickets are in two rows of
seven seats per row.
Director of Student Activities – Open
 No report.
Community Services Director - Open
 No report.
Director of Manuscripts - Open
 No report.
Corporate Development Chair – Open
 No report.
Nominating Committee - Open
 No report.
Past Presidents –Pam Voorhees (absent)
 No report.
Regional & National Officers –(none attended)
Old Business
 None.
Page 3 of 4
New Business
 None.
Adjournment
Bob Brown motioned to adjourn the meeting at 7:10 p.m. Terri Sprout seconded the
motion and it passed unanimously.
Respectfully Submitted,
Angela Truong
Secretary
Page 4 of 4