Minutes of:

Board of Directors Meeting

Date & Time:

Monday, December 3, 2001, 9:13 a.m. to 11:57 a.m.

Location:

Princeton Club, 15 West 43^rd Street, NYC

Presiding Officer:

Nancy Newman-Limata, President

Members Present:

Angelo J. Gallo

Raynard Zollo

Members Absent:

Beth Van Bladel

*Participated in the Strategic Planning Session following the Board meeting.

Others Present:

None

Staff Present:

James A. Woehlke

After discussion, Mr. Frank moved and Mr. Berlant seconded a motion approving the minutes of the September 25, 2001 meeting, subject to the following revisions:

• The venue for the meeting was corrected.
• Mr. Kurre should have been listed as a member present (via teleconference) rather than as a member absent.
• Paragraph two of 01-C-3(b) was corrected to indicate that NCCPAP might be open to compromise on the UAA provision.
• Paragraph two of 01-C-4(b) was rewritten so the Finance Committee would also be divided into two functions.
• The date was corrected in the fourth paragraph of 01-C-7 so the choice of Saratoga Springs, N.Y. for the Leadership Conference would be in 2003 and the dates were changed for the 2002 conference.

The motion was unanimously approved.

Ms. Newman-Limata briefed the Board, reporting that all Nominating Committee members for 2001-2002 were confirmed during the NYSSCPA Annual Luncheon as follows:

• Susan M. Barossi
• Charles A. Barragato
• Robert Fagliarone
• Robert L. Israeloff
• Anthony J. Maltese
• Sandra A. Napoleon-Hudson (Board designated)
• Raymond M. Nowicki (Board designated)
• Francis T. Nusspickel
• Leslie S. Thompson
  

William Pape, the associate director of member services, presented the membership report, which included 673 new members, 9 reinstatements, 19 resignations, no terminations, and 22 deaths. These changes reflected a total membership of 30,138 as of November 13, 2001.

Ms. Golden moved and Mr. Hatfield seconded a motion to accept the membership report. Following a brief discussion, the motion was approved unanimously.

01 – D – 4
Financial Statements for Period Ending October 31, 2001

01 – D – 5
Associate Members as Committee Chairs and Chapter Officers

The bylaws prohibit non-CPAs from holding a position as an officer or NYSSCPA Board member, but are silent on the election or appointment of non-CPA associate members as officers of chapters or chairs of committees. Ms. Barnickel moved and Mr. Frank seconded a motion to adopt the following resolution:

RESOLVED, that effective June 1, 2002, only CPA members will be permitted to serve in the capacities of chapter officers or chairs of statewide committees.

The motion passed with Ms. Newman-Limata, Mr. Love and Mr. McCoy voting to oppose the motion.

Mr. Kurre moved and Mr. Berlant seconded a motion to have the Society engage in a study to evaluate the leadership role of associate members at the statewide committee and chapter levels. The motion was unanimously approved.

Mr. Federmann briefed the Board on the activity of WTC volunteers. Mr. Federmann received a standing ovation from the Board for his work with the volunteer effort.

Mr. Nowicki moved and Mr. Berlant seconded the following resolution:

WHEREAS, thousands of innocent people were injured, killed or unemployed because of the destruction of the World Trade Center in New York City on September 11, 2001; and

WHEREAS, hundreds of businesses, large and small, were adversely affected or destroyed by the events of September 11, 2001; and

WHEREAS, in the days and weeks after the tragic events of September 11, 2001, many individual and business victims required immediate assistance in the form of financial advice and guidance in completing disaster recovery applications; and

WHEREAS, the New York State Society of Certified Public Accountants asked its members to provide aid, advice, and succor to those individual and business victims of the events of September 11, 2001; and

WHEREAS, CPA members of the New York State Society of Certified Public Accountants have unselfishly volunteered their time, expertise, and compassion to help these individual and business victims of the events of September 11, 2001; and

WHEREAS, the CPA members who have volunteered to help the victims continue to do so without thought of monetary benefit to themselves.

THEREFORE BE IT RESOLVED, on this third day of December, 2001, that the New York State Society of Certified Public Accountants and the NYSSCPA Board of Directors recognize and honor these member volunteers for their compassion and dedication in helping those affected by the tragic events of September 11, 2001.

Mr. McCoy updated the Board on recent legislative activity in regard to the UAA including the following:

• Meeting with NCCPAP, where a careful, frank and open discussion of the issues ensued.
• Meeting with the lobbyist for the Big 5.
• An overview of the results of the recent State Education Department-sponsored survey on scope of practice and other issues.
  

01 – D – 10
Report of the Foundation for Accounting Education Board of Trustees