Executive Council Meeting

July 17, 2002

 

 

 

In attendance: Susan Barschow, Dave Sheridan, Derek Gaitling, Gisele Joachim, Joan Buttafuocco, Karen Weber, Maribeth Quinn, Helen Mikulak, Ida Pabon

 

Meeting called to order at 10:20 a.m.

 

Establishment of Quorum:  Six out of the ten members were present at the meeting.

 

Officer Reports

     Secretary/ Ida Pabon

·        Past secretary, Dorothy, took the minutes from the last meeting, June retreat.  Was contacted for update.  She stated that she would post them before the next meeting, August 15^th.

 

Treasurer/Helen Mikulak

·        Helen will be speaking to First Union regarding combining the monies in the Morgan Stanley account with the account held with them.  This is being done for the purpose of earning a better interest rate on the funds.

·        Currently with Morgan Stanley we are charged a fee of $25 monthly on a balance of $20,000.  First Union charges $500 a year to keep the account.  The question to be asked is, will we still be charged this fee if we do all our banking with First Union.

·        The Morgan Stanley funds are currently in a Money Market Account.  Helen will contact Keith Green regarding the original setup of the account and what the agreement was.

·        Helen will research what other banks may be more beneficial to do business with.

·        Treasurer’s report was unanimously approved.

 

Vice-President/ No report

 

President/ No report

 

President Elect/ No report

Past President/ No report

    

 

Committee Reports

 

Awards and Recognition/Gisele Joachim

·        Gisele sent out a quick note via e-mail to all Directors inquiring into any retirees from the financial aid community recently.  She did not receive any positive responses.

·        She could not find any pictures from previous activities to be used in the next newsletter.

 

Board Of Directors/No report

 

Federal Relations/Dave Sheridan

·        Dave mentioned that he had sent out e-mails to the financial aid community, which included a list of delegates, asking that they contact them regarding the HEA Bill that included the provisions, which speak to the delayed disbursement of funds of 30 days for FTFT Freshman and for allowing a single disbursement, per semester, to be made on student loans.

·        He also mentioned the e-mail sent from Carmen (Co-chair) regarding loan issues for reauthorization.

 

Membership/No report

 

Minority and Cultural Concerns/Derek Gaitling

·        Derek had questions concerning the proposal submitted for the establishment of the Bivins/Jackson Scholarship. They have not yet received an official response.  Susan will be speaking with Karen regarding an official response.

·        It was mentioned that Jackie Jackson is ill and Helen will be sending a card on the association’s behalf.

 

Newsletter/Susan Barschow

·        Sue has given her secretary some articles to start putting together for the next newsletter.  Maribeth will be sending her some additional articles to include.  Picture from NASFAA will be included in the next run of the newsletter.

 

Non-traditional Concerns/Joan Buttafuocco

·        New members were recruited by the committee from Monmouth County College.

 

Training and Professional Development/Maribeth Quinn

·        Evaluations were received from Novice Training participants and they were very positive.  Joanne Craig’s SAP presentation was rated as the best.  There were 26 attendees for dinner afterwards; unfortunately not everyone was able to stay for dinner.

·        The next session is scheduled for Tuesday, August 13^th.  Breakfast and lunch will be offered on this date.  Also a mention was made about having water/drinks available between sessions.

·        Ideas for the final session on October 16^th include: mingling and exchanging business cards.

·        It was suggested that all committee members including Sue attend the last session.

·        There were 28 new members recruited through this training.

 

EASFAA Update/None

 

State Update/Gisele Joachim

·        Official TAG tables for 2002-03 was approved and faxed to all schools. 

·        Checks for monies owed to institution for year 2002 were cut and mailed.

·        Excess monies will no longer be carrying over to the following year for state funding.

·        It is important that monies due the State be returned in a timely manner, as it will impact funding for the future.

·        The Dana Christmas scholarship information pamphlet was mailed to all universities.  There are five $10,000 awards available.

·        The World Trade Center Scholarship Board officially met on July 11^th for the first time.  They are working on creating 2 separate committees, Development and Implementation, so that they can start setting up Policy and Procedure.

 

Old Business/Helen Mikulak

·        The tax returns, which are not due until September, have been sent back from the auditors.

·        Helen faxed additional information regarding the accounts and the bank statements.

 

Adjournment – 11:20 a.m.