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a.
Continuing Professional Education
i.
Relocation Update
Mr.
Schmelkin reported that NYSSCPA’s and FAE’s
new location would not be ready until after the CPE
season with the result that several conferences that
had been planned for in-house presentation would now
have to be held at hotel locations. One of the trustees
asked how this would affect the 2004-2005 FAE budget.
Mr. Grumet promised to have a report prepared for
the trustees assessing the budgetary impact of the
delayed move.
ii.
Industry Outreach Efforts
Mr.
Schmelkin reviewed efforts of Sharon Fierstein, Franco
Strangis and Monte Kaplan in identifying a focused
curriculum of CPE topics that were being presented
for members in Industry. He reminded the FAE Board
that a total of 44 full day and 8 half-day seminars
were scheduled for the summer of 2004. He noted that
the 2004-05 FAE budget was prepared with the assumption
that these events would draw lower than average attendance
figures.
iii.
Update on In-firm Sales
Mr.
Schmelkin thanked Monte Kaplan for his efforts in
increasing FAE CPE Sales to firms. He referred to
a worksheet that was included in the Agenda materials
containing a list of firms that purchased CPE courses.
b.
Scholarship Program – Proposed Revisions
Mr.
Hoops welcomed Mr. Riley, a recent FAE Trustee, to the
meeting to discuss his efforts regarding revisions to
the Scholarship program. Mr. Riley noted that FAE had
received tremendous assistance from the investment manager
used for the scholarship fund. They had prepared an
analysis with several variables, including the number
of scholarships awarded, the size of scholarships, and
the extent of fundraising employed in the future. Mr.
Riley explained that guidance was needed from the Trustees
as to setting those variables.
Mr. Grumet then noted that to that point the scholarship
program had been largely chapter driven. He was proposing
that the program be changed to grant scholarships to
New York colleges and universities based on criteria
to be determined by the Board of Trustees. He also proposed
raising the size of each scholarship from $1,500 to
$2,500.
Mr.
Hoops recommended separate meetings perhaps via one
or more conference calls to discuss scholarships. He
said he would work with Lynn Chambers to prepare pertinent
information for the conference calls. In the meantime
he said that any questions should be addressed to Mr.
Riley.
c.
Career Opportunities in the Accounting Profession (COAP)
i.
Fundraising Efforts
Mr.
Pape reported on the success of the journal distributed
at the 2004 Annual Election Dinner of the Society.
He noted that over
$90,000 had been raised as a result of this effort.
ii.
Report on summer 2004 Programs
Mr.
Pape reported that overall there were a total of 170
students served by seven programs. If all the students
who had signed up had attended, there would have been
207 students in the program.
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