03– B – 00
Call to Order

03 – B – 01
Approval of April 23, 2003 Board Minutes

Mr. Hoops asked Board members if they had any changes to the minutes of the April 23, 2003 Board of Directors Meeting. Mr. Barback asked that the minutes be corrected to indicate that he was absent from the meeting. Ms. Barnickel moved to approve the minutes as amended by Mr. Barback, and Mr. Love seconded the motion. The motion passed unanimously.

03 – B – 02
President’s Report – Meeting Dates

Mr. Hoops drew the Board’s attention to the NYSSCPA Master List of Meeting Dates for 2003-2004 as follows:

Board of Directors Meetings (Board Members Only)

2003

Executive Committee Meetings (For Executive Committee Members Only)

2003

• All meetings will adjourn at 3:00 p.m. unless otherwise noted

Mr. Hoops announced that AICPA President and CEO, Barry Melancon will be invited to the September dinner meeting. He encouraged all Board members to attend.

03 – B – 03
Establishment of 2003-2004 Executive Committee

Mr. Hoops asked that the Board form an Executive Committee for the 2003-2004 fiscal year, and asked for a motion to that effect. Ms. Golden made the following motion, which was seconded by Mr. Frank:

WHEREAS, the NYSSCPA Bylaws give the Board the authority to establish an Executive Committee, and

WHEREAS, if an Executive Committee is established by the Board, it is to consist of the following persons: the President, the President-Elect, the Secretary, the Treasurer, the Executive Director (who serves on a nonvoting basis) and at least five other members of the Board; and

WHEREAS, the Board desires to establish an Executive Committee for the 2003-2004 fiscal year and wishes to appoint additional persons from among its membership to serve on such committee;

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby establishes an Executive Committee for the 2003-2004 fiscal year and that in addition to the persons required to serve on such committee by the Bylaws, the following NYSSCPA Board Members are hereby designated to serve thereon:

Katharine K. Doran
Neville Grusd
Raymond P. Jones
Nancy A. Kirby
Vincent Love
Sandra A. Napoleon-Hudson
Raymond Nowicki
Richard E. Piluso
Steven Rubin

In the discussion which ensued, Mr. Hoops noted that those selected for Executive Committee membership represents a diversity of leaders in terms of firm size, geographic location and experience. He noted in particular that for the first time, the Executive Committee includes 2 members from private industry. After discussion, the motion was passed unanimously.

03 – B – 04
Approval of Signature Authority for 2003-2004 Fiscal Year

Mr. Hoops noted that the Society needed to change its financial institution signatories to reflect the change in leadership for the 2003-2004 fiscal year and entertained a motion to that effect. Mr. Berlant made, and Ms. Hudson seconded, the following motion:

RESOLVED, that the following persons are hereby appointed to serve as authorized signatories on all banking and investment accounts of the NYSSCPA other than those of its chapters:

Jeffrey R. Hoops
John J. Kearney
Arthur Bloom
Louis Grumet
Robert H. Colson
James A. Woehlke
Alan Schmelkin
Joanne S. Barry
Dennis M. O’Leary

RESOLVED, FURTHER, that with respect to the banking accounts of each of the chapters, there shall be three authorized signatories, the respective chapter’s president and treasurer and the Society’s Executive Director.

RESOLVED, FURTHER, that the officers and staff of the society are hereby authorized and directed to execute and deliver any documentation required to carry out the intent of this resolution.

A brief discussion of the motion ensued. A member asked for clarification of the monetary limits of authority and the number of signatures required with respect to those limits. Mr. Woehlke answered that except for direct deposit and payroll accounts, all Society checks require two signatures. In addition, checks drawn for $10,000 and above require at least one officer’s signature.

There being no further discussion, the motion passed unanimously.

03 – B – 05
Approval of Resolution Regarding Safe Deposit Box

Mr. Hoops entertained a motion to approve a resolution regarding a safe deposit box for storage of back-up computer media. Mr. Sohr made, and Ms. Doran seconded, the following motion:

WHEREAS, The NYSSCPA regularly backs up its computerized information and wishes to rent a safe location to store the back up computer media;

NOW, THEREFORE, BE IT RESOLVED, that the NYSSCPA shall rent a bank safe deposit box for the purpose of storing computer backup media and the NYSSCPA officers and employees are hereby authorized and directed to execute any documents necessary to carry out the intent of this resolution.

The motion passed unanimously.

03 – B – 06
Adjournment

Mr. Grusd moved to adjourn the meeting, and Mr. Love seconded the motion. All being in favor of the motion, the meeting adjourned at 10:24 a.m.