NJASFAA

Board of Directors Meeting

Sunday, November 6, 2005

Bally’s, Atlantic City

3:00 pm – 6:00 pm

Attendees:

Francine Andrea, Sheila Attias, Mike Bennett, Helen Mikulak, Catherine Boscher-Murphy, Carmen Panlilio, Maribeth Quinn, Joseph Roberto, Matthew Spina, Moshe Weisberg, Rich Woodland

The board approved the August 10 minutes. Helen distributed the treasurer’s report as of November 4, 2005. The association is healthy with total assets of $344,540.69.

Carmen reported on the endowment status. A group of NJASFAA representatives (Carmen, Maribeth, Helen and Jim Anderson) met with New Jersey City University’s Associate Vice President for University Advancement, Diana Leo, early in September to determine what route NJASFAA would take with our endowment. It was determined by this group and approved by the board; the executive council would be presented with a restricted fund. The Endowment Chair, Jim Anderson, would then compose specific criteria and rules for the account.

Rich appraised us on the status of the audit committee and presented us with copies of the Independent Auditor’s Report dated October 31, 2005. The audit committee will meet on December 19 with Ralph Flystra, CPA, for advice and recommendations. These recommendations will be reviewed by executive council and brought to the membership no later than the 2006 Fall Conference.

The board discussed devising a training calendar. Due to outside entities such as the Department, EASFAA and NASFAA it is difficult to schedule but we decided that when the executive council meets in May four tentative dates (months?) should be decided for training events. The board also suggested booking one site such as a hotel for all training events.

There was a discussion on the Ethics situation and how this affects conference planning. One suggestion was that the President’s Reception be expanded and the menu revisited so that attendees who are restricted from accepting vendor’s invitations have somewhere to be and have meals covered.

Rich felt that Carmen as Association President respond to the State Ethics Committee. It was decided that discussion and, more importantly, further clarification is needed.

We discussed offering a “free Spring Conference” again. If the Association offered free registration it would be recommended to Executive Council to offer it to members in good standing prior to March 1, 2006. An alternative to the free conference would be a family picnic in June. Catherine, as 2005-2006 Conference Chair is weighing the options.

The Wall of Honor was discussed. Questions regarding the value of the wall were discussed. It was decided to have Kimber Decker check out the Connecticut Association’s (CASFAA) at their annual conference. If it is decided to proceed we will need to establish an adhoc committee at a minimum and the Sunshine Committee Chair would be a member of the adhoc.

A change to the officer terms was discussed. Review of the incorporation papers and the constitution would be required, executive council will review. A vote could be brought to the membership for the Spring Conference.

The Executive Management Track Committee has planned an event for December 12. Examining the Role of the Financial Aid Office and the Financial Aid Officer’s Role on Campus and A View from the Top will be presented in two sessions at Rutgers University, Busch Campus. Going forward the committee would like recommendations for future training.