Alaska Society of CPAs
Board of Directors Meeting – Minutes
January 20, 2015
Members in attendance: Irina Morozova, Steve Pence, Therese Sharp, Lisa Turner, Joshua McIntyre,
Lance Bodeen, Chris Houde, Linda Plimpton
Meeting called to order at 10:03 am
Agenda was approved after the addition by Josh of plan for student membership drive.
Approval of prior meeting minutes: Josh approved, Steve seconded and minutes of November 25, 2014
were approved.
Financial Report
The Board reviewed the treasurers financial reports for the period ended December 31, 2014. It is
anticipated that there will be about $43,000 in additional expenses before the end of the fiscal year.
Very little revenue is expected before year-end. A conservative estimate is that we will end the year
positive by about $10,000. Linda indicated we are receiving a little bit more from web-based CPE.
Questions asked: 1. Why discussion leader fees over budget? If have more participants, have to pay
more fees. 2. Do we expect more dues in the next 4 months? Why are dues down? Lost more members
in the past year. Also larger number of members retiring this year. Lance pointed out that the upcoming
year is a renewal year. Could also do a reception for new licensees to get more membership. 3. Is there
cheaper option for bankcard? No really but haven’t looked in awhile.
Budget Discussion
Tried to be very conservative. Increased budget for CPE. Discussed decreasing Other income to $2,500
and General to $1,500. Discussed budget for new ED – Lance indicated that looking at $75000-$80,000.
Rent decreased because current lease will end December 2015 and will look for a smaller place. Still left
at a higher budget in case have to pay for 2 places and only 5 months will be in new place. Will start
looking this summer for new office location. Increase in Legislation is rollover amount from this year’s
budget. Will probably look for new lobbyist in 2016. Lance recommended putting in consulting fee for
Linda. The Board approved the 2015-2016 fiscal year budget.
Select CPA Firm to Perform Society’s compilation
Linda will send out letter to see if Merilee to see if she is still interested in performing the compilation
again.
Questions Requested by Rebecca for BoPA
Lance mentioned that it is not our Board’s responsibility to make language changes. The legislative
committee has not reported back to the Board. They are waiting to see what the BoPA is going to do.
Will need a new liaison as Rebecca will be stepping down to serve as President-Elect. Amy volunteered
contingent on being appointed to AICPA Council. Irina volunteered if Amy couldn’t do it.
AICPA Elected Member of Council
John Rodgers is current member. His term expires in October but he can serve one more term. He has
expressed interest in continuing. Irina also expressed interest. It was discussed that there is value to
having the Elected Member of Council serve two terms. All agreed to appoint John for another term of 3
years.
Nominations for Public Service & Distinguished Service
Linda to send out forms and include in February newsletter.
Page 2
Approve New Member Applications
The Board approved the following new members:
Full member: Nicholas Whitmore, Jacob Kaaland
Associate: April Conway
Committee Reports
Accounting – still need chair. Have not met.
CPE – The 2015 CPE list is ready
Ethics – nothing to report
Financial Literacy – no meetings, waiting to hear from Craig Decker
Investment – nothing to report
Leadership – application is out, candidates to know by May.
Legislative - see above
MAP – meet 1st Tuesday after 15th of each month.
Meetings –Annual meeting: Ethics CPE will by Thursday morning; Suzanne Jolicoeur from the AICPA will
do a town hall in the afternoon and compare AK statutes and regulations to UAA; Thursday evening will
be a social event; Friday am is the meeting. Wednesday will be a full day of CPE with Gary Zeune.
Nominations – Ballots coming in now
Relations with Education – nothing to report
Tax – Therese will encourage John to get the Legislative Tax Guide completed
Technology – no meetings. Josh did talk to Errol, the chair, about the email list and how some members
aren’t getting email. Suggestion for next year’s board is to look at how to communicate better with
members. Even though LinkedIn is set up for Society group, it is not being used. Linda does get
requests to join our group. Need to work with Errol to make sure people are getting accepted.
Board of Accountancy – see above
AICPA State Regulatory & Legislative Affairs
Lance brought up discussion of state regulatory and UAA changes. Amy pointed out in the past, we have
not referenced UAA in statute because every time UAA would change, statute/regulations would have to
change.
Student Membership Ideas
Josh is working on ideas to get more student members. One idea is to have box on the University
accounting club membership application to check to include as student member of AKCPA.
Recommended having student membership drive before spring social in Anchorage. If student checks
yes to box, AKCPA can contact student with online application. Irina pointed out that should have “what’s
in it for students” – a list of benefits – to give to students at membership drives. Stasia joined call at
11:27 while discussing student membership drive. She will check on FERPA regulations with regards to
giving AKCPA student email. Is checking the box enough permission for the universities to give the
AKCPA the students’ emails. The UAA spring social is the Saturday after 4/15. Josh suggested having
firms sponsor giveaways to join – raffle could be held at social. AKCPA could pay for 1 club membership
as a prize. Josh will task Relations with Education committee to come up with plan for student
membership.
Meeting adjourned at 11:38 am