1. Welcome - Dr. Larry Case called
the roll and welcomed the group. Duane Fisher added his welcome to the group.
2. Budget Discussion - Duane Fisher and
Jay Jackman led the discussion about the proposed NAAE Operating Budget
for 1998-99. The budget had been sent to the board one week prior to this
It was suggested that the convention registration
fees be increased by $5.00 in accordance with the committee recommendation
and subsequent board decision to increase the convention registration
fee as such to cover the costs of a NAAE Golden Anniversary commemorative
item to be given to each member who attends the NAAE convention in New
Orleans. This would be added as additional revenue and also as a convention
expense equal to the amount of the revenue generated.
The interest we are paying on the loan against
our securities was discussed. It was agreed that we should try to pay
at least $30,000 of the loan balance by June 30, 1998. In view of this,
Marc Beitia moved to reduce the interest charges in the budget by $3,500.
Linda Rist seconded the motion. The motion carried.
It was agreed to increase the board travel convention
expense to $12,500 to cover the higher sleeping room rates for the New
Orleans convention. Further, it was agreed to reduce the staff travel
expense to $2,500 given that Jay Jackman, as AVA Ag Ed Division Program
Chair, can get some of his travel expenses to and from the convention
paid by AVA.
Given these adjustments, the total operating revenue
budgeted for the 1998-99 year would be $394,595; the total operating expenses
budgeted for the 1998-99 year would be $392,111; the excess of operating
revenue over operating expenses budgeted for the 1998-99 year would be
3. Budget Approval - Mike Cox moved to
approve the budget as adjusted in the discussion described above. James
Dawley seconded the motion. The motion carried.
4. Adjournment - With no further business
to be transacted, the conference call was adjourned by Duane Fisher at