SME Chapter 5 Board Meeting
Minutes
Date:July 6, 2011
Minutes
Attendees: R. Iossi, M. O’Brien, J. Crimer, C. Gates, K. Croswell,
Location: Telecon
Call to Order —7 pm
Agenda/Review/Confirmation—Bob distributed agenda. No additions to agenda.
Correspondence for the record
Bob informed the Board that Ch 5 was awarded a Bronze Achievement Award by SME. This is based on chapter membership growth, activities and events, and vision/goals established by the leadership. Bob will post on web site..
Financial Report/Budget Review
Jerry presented 2010/2011 FY financial statements including account balances, income & expense report, and expenses by payee. Cash flow was negative $5700 due to lack of membership revenue from SME HQ and additional scholarship and grant donations this year. Bob is working with SME HQ to determine why the membership revenue from SME was only $518 for May & Septemberthis past year, or $1/member.
Jerry is working with the financial manager (Ziegler) for the Scholarship Fund to establish direct deposit and transfer money from saving account to the DWS Govt Bond Fund. It was agreed by the board that $14,000 should be transferred from the PNC savings act to this fund to obtain a higher rate of return. This transfer will take place over several months to take advantage of the “ladder effect”.
Several expenditures were discussed, and a new account “Appreciation gift” will be established. The Pat Wilkerson gift will fall into this category.
Old Business
75th Anniversary—Current plans call for a “meet and greet” at the Fabtech show in November. A more formal dinner event may be held to honor past chapter officers. Bob and Ken are to develop list of names later in November.
May26th meeting—Navistar tour—Good turnout (38 people). Pictures are posted on website
Director Reports
Industry Groups—Mark attended a meeting with the machining/material removal group. Overall plan is to consolidate the areas of specialty into three primary categories. However, the mission and vision of the industry groups still need to be defined. Bob has been added to the Fabricating & Forming Group as well. Both groups are reorganizing and we will need more time to determine if they are functional.
Education and Certification Update—Chuck presented the Appreciation letter and check to Pat Wilkerson as appreciation for his efforts in leading the Lean Study Group. Bob was contacted by ASQ to coordinate Educational needs and to consider a joint meeting in the fall.
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Planning for Fall tutorial classes is underway for both CMfgE/T and Lean Bronze Certifications.Fourteen participated in Lean Study Group Eleven people took the Lean Bronze exam last month, 9 passed. The test was performed at Northstar Aerospace and they had five people take the test on June 4th, 2011.. SME Chapter 5 is the only one in Illinois certified to administer the Lean Exams.
Marketing and Communications Update—Olga has resigned from the Board. A new candidate (Tim Ruffner) is being considered.
Bob is looking for ideas from the Board for next year’s events. Next Board meeting will focus on event planning.
Scholarship Update—Two Scholarships Awarded at Navistar Tour for total of $4,000. Bob, Jerry, and Ken are to recommend updates to the scholarship application before November.
New Business
Fundraising Director—Bob suggested that the Board create a new Director position for Fundraising for the chapter and to support student chapters and scholarships. Board approved. Bob is to send out the updated chapter bylaws for the Board to review and suggest revisions.
Student Chapters—Bob and Danare planning to attend a meeting with high school Project Lead The Way program leaders on Oct 21. Much progress is being made in developing youth internship programs as the seed for future chapter growth and provide company networking initiatives.
Open Forum –None
Next Member Meeting—TBD
Next Board Meeting Date –Thursday August 25, 2011, 7PMat Rice IIT. Bob will schedule a room.
Adjournment –8:30 pm