Minutes
ACBL
Educational Foundation
Board of
Trustees
New Orleans,
LA
November 22,
2003
President
Dudley Brown called the meeting to order at 9:30 a.m. Saturday, November 22,
2003.
Present: Dudley Brown, President, Barbara
Nist, Vice-President; Geoffrey Cross, Treasurer; Richard Anderson; Dewitt
Hudson; Don Mamula; Bruce Reeve.
Absent: Eugene
Kales, Secretary, Chris Shaw.
Also
Present: Jonathan Steinberg, Jay Baum, ACBL CEO, Jack Zdancewicz, ACBL CFO, Charlotte Blaiss, and Kelley McGuire.
The
minutes of the July 19, 2003 Long Beach, CA meeting were approved.
Geoffrey Cross presented the
Educational Foundation Treasurer’s report.
(Exhibit A)
Carried unanimously.
Moved and seconded that the annual grant for the School Bridge Lesson Series (SBLS) program will be reviewed at each Fall meeting for approval. In addition to this annual grant, the Board of Trustees will be given a detailed report at each meeting on the SBLS program.
Carried unanimously.
Moved and seconded that the President and Treasurer of the ACBL Educational Foundation be authorized to approve a grant request for the second half of 2003 to cover the anticipated request for the SBLS based on information received from Management.
Carried unanimously.
a. District 3 is awarded $46.20 for the Caddy Bridge program.
Carried. Nay: Mamula
b. Fairfield Bay Duplicate Bridge request for $3,500 for its
Bridge/Out Reach program is deferred.
President Brown will contact Fairfield for additional information and at
that time will fund up to $3,500 with the concurrence of the Treasurer.
Carried. Nay: Reeve Abstain:
Nist
a. School Bridge Lesson Series – Moved that the Educational
Foundation would match up to $60,000 for the 2004 School Bridge Lesson Series.
Carried unanimously.
b. Mission Statement is deferred to the spring 2004 meeting in
Reno.
Carried unanimously.
c. ACBL Educational Foundation Bylaws – Article II – Objectives – is deferred to the spring 2004 meeting in Reno.
Carried unanimously.
d. Our Game Prints – It was moved that the Trustees and ACBL President would take a portion of the “Our Game Prints” and distribute.
Carried unanimously.
e. Audit Committee Charter – Moved that the Audit Committee
charter is approved.
“The Audit Committee shall assist the Board of Trustees in its responsibility to provide over sight of the Educational Foundation annual financial statements. The Committee’s primary duties are 1) Review the objectivity and effectiveness of Foundation reporting mechanisms. 2) Review the scope and adequacy of Foundation accounting and binding controls. 3) Insure that the financial statements prepared by the treasurer and ACBL staff accurately reflect the balance sheet of the Foundation and its operating budget. 4) Appoint auditors and approve audit fees. 5) Review the scope and results of the audit plans of the auditors.”
Carried unanimously.
f. Junior Camp Fund – Moved that the Educational Foundation would support the junior camp fund with a maximum of $14,000 ($200 per ACBL junior member from Zone II).
Moved that a secondary
scholarship fund will be established and administered by the Board of Trustees
that will be used in conjunction with a scholarship fund.
Carried unanimously.
A report was received on the
estimates and terms of what the administrative cost will be for 2004.
D & O Insurance – The Trustees were notified that beginning May 1, 2004 the D & O Insurance coverage would not be available through the ACBL. Moved that the Foundation would pay up to $1,700 for coverage from May 1, 2004 through April 30, 2005.
Carried unanimously.
Moved that the 2004 budget as presented by the Treasurer be approved.
Carried unanimously.
Election of Officers
Moved and seconded that Barbara Nist is elected President for a one-year term beginning January 1, 2004 through December 31, 2004.
Carried unanimously.
Moved and seconded that Don Mamula is elected Vice President for a one-year term beginning January 1, 2004 through December 31, 2004.
Carried unanimously.
Moved and seconded that Geoffrey Cross is elected as Treasurer for a one-year term beginning January 1, 2004 through December 31, 2004.
Carried unanimously.
Moved and seconded that Eugene Kales is elected as Secretary for a one-year term beginning January 1, 2004 through December 31, 2004.
Carried unanimously.
Vice-President Nist thanked President Dudley Brown and Bruce Reeve for their years of service as Trustees of the Foundation.
The meeting adjourned at
11:00 a.m.