Alaska Society of Certified Public Accountants



Alaska Society of CPAsBoard of Directors Meeting – MinutesJanuary 20, 2015Members in attendance: Irina Morozova, Steve Pence, Therese Sharp, Lisa Turner, Joshua McIntyre, Lance Bodeen, Chris Houde, Linda PlimptonMeeting called to order at 10:03 amAgenda 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 DiscussionTried 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 compilationLinda 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 BoPALance 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 CouncilJohn 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 ServiceLinda to send out forms and include in February newsletter.Approve New Member ApplicationsThe Board approved the following new members:Full member: Nicholas Whitmore, Jacob KaalandAssociate: April ConwayCommittee ReportsAccounting – still need chair. Have not met.CPE – The 2015 CPE list is readyEthics – nothing to reportFinancial Literacy – no meetings, waiting to hear from Craig DeckerInvestment – nothing to reportLeadership – application is out, candidates to know by May.Legislative - see aboveMAP – 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 nowRelations with Education – nothing to reportTax – Therese will encourage John to get the Legislative Tax Guide completedTechnology – 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 aboveAICPA State Regulatory & Legislative AffairsLance 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 IdeasJosh 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 ................
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