NAIFA NORTH CAROLINA

BOARD OF DIRECTORS

DATE: May 15, 2013

MEMBERS PRESENT:

Jim Coviello, President Mark Griffin, President-elect

Paul Farr, Secretary

Bill Gribble, Treasurer Bill Whitney, Member-at-Large

Fred Joyner, National Committeeman Debbie Foster, Member-at-Large

Bill Mills, Immed. Past President Ed Mullis, Member-at-Large

Ken Morgan, Executive Director Todd Grantham, Member-at-Large

Absent: Rhonda Cobb, Area 1 VP; Terry Gaither, Area 3 VP; Ken Day, Area 4 VP; Will Smith, Area 2 VP; Charles Holder, President of NCIFAF

Guests: Fran Albritton, John Nee, and Matt Stone

MINUTES:

The meeting was called to order at 1:10 PM by President Jim Coviello with invocation by Mark Griffin.

Minutes of Last Meeting

MOTION by Farr, SECONDED by Grantham, and APPROVED the minutes of the February 6, 2013 Board meeting.

Action Between Meetings: NONE

Treasurers Report

Treasurer Bill Gribble reviewed the tentative Balance Sheet Comparison for Assets and Liabilities for 7-1-12 compared to 5-02-13; the Account Comparison for Assets and Liabilities for 5-02-12 compared to 5-02-13; the Income and Expense comparison for 7-1-12 to 5-02-13 compared to current year for same period; and actual compared to budget for FY 2012-2013.

MOTION by Farr, SECONDED by Griffin, and APPROVED receipt of the Treasurer’s Report.

Treasurer Gribble then reviewed the proposed budget for 2013-2014. Income and expenses for the coming year have been reduced slightly based on anticipated membership of 1,450 for the year. MOTION by Griffin, SECONDED by Gribble, and APPROVED the 2013-2014 budget of $272,400.

Proposed 2013-2014 Budget Summary:

Category / 2013-2014
Budget
INCOME
ALU Communications / $ 0.00
Dues (1450 x $110) / 159,500.00
NAIFA Revenue Sharing
Interest Income / 29,000.00
200.00
LILI Income / 6,700.00
Management Income / 6,000.00
Miscellaneous Income / 8,000.00
NAIFA Candidate Income / 0.00
NCAIFA Convention Income / 5,000.00
NCAIFA Symposium Income / 58,000.00
Prelicensing Manual Income / 0.00
Seminars Income / 0.00
Special Non-Dues Income / 0.00
Who’s Who/UDR Income / 0.00
Previous Budget Yr. Income / 0.00
All Other Accounts

Transfer from Reserves

/ 0.00
TOTAL INCOME / $272,4000
EXPENSES
Total ALC Expenses / $ 0.00
Total ALU Communications Expense / $ 0.00
Total Bd. of Director Expenses / $ 0.00
Total Capital Expenditures / $ 0.00
Total Committee Expenses / $ 1,900.00
Total LILI Expense / $ 8,000.00
Total L & R Expenses / $30,300.00
Total Local ALU Relations / $ 4,000.00
Total Miscellaneous Expenses / $ 2,000.00
Total NAIFA Candidate Expenses / $ 0.00
Total NAIFA Convention Exp. / $ 6,000.00
Total NCAIFA Convention Exp / $ 5,200.00
Total NCAIFA Incoming Leader Mtgs. / $ 0.00
Total NCAIFA Symposium Exp / $ 36,000.00
Total Office Expenses / $ 38,200.00
Total Salaries/Benefits & Taxes / $129,300.00
Total Seminars Expenses / 0.00
Total Who’s Who/UDR Expenses / 0.00
Total All Other Accounts / 0.00
Contingency/Reserves / 11,500
TOTAL EXPENSE / $272,400

Report of National Committeeperson

The 2013 NAIFA Convention will be September 28 – October 1 in San Antonio, Texas. The convention agenda will be similar to last year, with the convention adjourning on Tuesday night. The JNR Brunch will be on Tuesday and open to all attendees. Voting will be held on Tuesday afternoon.

North Carolina already has about 40 delegates registered. The deadline for the advanced registration discount is July 18.

There are two secretary candidates: Paul Dougherty, Maryland and Jules Gaudreau, Massachusetts. There will be five Trustee candidates for the five vacancies: Van Land, Georgia;

Tom Cothron, Florida; John Holmes, Tennessee; Jill Judd, California; and Gregory Toscano, Minnesota

Report of President Elect

President Elect Mark Griffin reported on plans for the 2013 Convention to be held June 4 & 5 in Greensboro. The meeting will include the ALC schedule in the two day event. The Board reviewed the DRAFT agenda for the meeting.

Report on 2013 Symposium

Ken Morgan reported on the 2013 Symposium and plans for 2014. The Symposium will be Tuesday, March 11. Sander Smith will serve a second year as chairman.

Report of Membership Chair

Bill Mills reported that membership was at 1345 as of May 1. Bill talked about the lack of calling and recruitment at the local level. He is hopeful that we will end the year near the 1550 mark.

Foundation Report

Ken Morgan reported for Charles Holder, President of the Foundation, on Foundation activities. The Foundation reduced the number of scholarships awarded for the coming year due to the reduction in contributions. The raffle netted less than $1,000. The raffle will continue in 2014 with the prize reduced to $1,000.

PAC Committee

Todd Grantham reported on the PAC committee. Income for the year is close to last years level. Todd is identifying key contacts in companies to assist with the PAC recruitment.

OLD BUSINESS: None

Review of Committee Minutes:

MOTION by Farr, SECONDED by Mullis, and APPROVED the minutes of the

Finance Committee, January 30, 2013

PAC & Government Relations Joint Meeting, February 20, 2013

Resolution & Bylaws, February 26, 2013

Advisor of Year, April 4, 2013

NEW BUSINESS: None

Area VP Reports

Area VP’s and At Large Board members reported on activities since the last Board meeting.

The Board expressed appreciation to Ed Mullis for the outstanding job at the Congressional Conference in Washington.

Report of Executive Director: No report

The meeting adjourned at 3:15 PM.

______

Paul Farr Jim Coviello Ken Morgan

Secretary President Executive Director

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