NAAE Board of Directors Conference Call Minutes
March 29, 2005

The NAAE Board of Directors conducted a board conference call on March 29, 2005. Members of the board who were present for the conference call included: Jeff Maierhofer (IL), President; Allan Sulser (UT), President Elect; Kevin Fochs (MT), Region I Vice President; Dr. Bill Hunter (KS), Region II Vice President; Paul Larson (WI), Region III Vice President; Lee James (MS), Region V Vice President; Andy Seibel (VA), Region VI Vice President; and Dr. Wm. Jay Jackman (KY), NAAE Executive Director. Members of the 2004 NAAE Convention Finance Committee on the call included Jimmy Craddock (VA), chair; George Krejci (TX); and David Reese (IN).

The minutes of the conference call are as follows:

1. Call to Order and Welcome—President Jeff Maierhofer called the meeting to order at 4:10 p.m. on Tuesday, March 29, 2005 and welcomed everyone to the conference call.

2. Approval of 2003-04 NAAE Audit Report—Mr. J. Carroll Luby, CPA, of Ray, Foley, Hensley & Company, PLLC, the firm that conducted the independent audit of NAAE financial statements and financial procedures for 2003-04, presented a report on the 2003-04 NAAE audit. Mr. Luby stated that the NAAE is operating in accordance with its financial policies and procedures and within the laws of the Commonwealth of Kentucky. Dr. Bill Hunter moved, Allan Sulser seconded, to accept the audit report. The motion carried.

3. Approval of 2005-06 NAAE Budget—Jay Jackman presented the proposed NAAE budget for 2005-06. With slight changes to the budget, Kevin Fochs moved, Paul Larson seconded, to approve the budget for 2005-06. The motion carried.

4. Strategic Plan Report Card—Jeff Maierhofer reported that he had been working on the NAAE Strategic Plan Report Card and that he would be forwarding the report to the NAAE board soon, perhaps later this week.

5. Adjournment—With no further business to transact at this time, President Jeff Maierhofer declared the meeting adjourned at 5:10 p.m.