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MARCH NEWSLETTER
EL
PASO CHAPTER - TUESDAY MARCH 12 MEETING
Activity Based Costing
Dr. Kevin McNelis
Assistant
Professor, NMSU
At
the El Paso Club
Lunch:
Members (includes 1 hr. CPE) $14.00
Non-members w/out CPE certificate $14.00
Non-members w/ CPE certificate $16.00
Students members $10.00
Students non-members $12.00
Parking
is included in price. Check-in begins at 11:45 a.m.
For reservations call: Michelle Hernandez (915) 546-4060
El Paso Chapter #205
IMA Board of Directors Meeting
03/06/02
The Board of
Directors met on 03/06/02. The
meeting was held at Laguna’s.
The meeting
commenced at 12:05, after Kathy Otero called the meeting to order.
Members present:
Kathy Otero, Jennifer Hoagland, Janet Omundson, Rolyne Kafka, Dick
Welker, Ed Pacey and Shinping Chyi.
During the
meeting the following items were addressed.
·
The February 2002 minutes were reviewed.
Kathy Otero noted a correction that needed to be made.
The Board had agreed pay for all awardees luncheons at the March meeting,
and not just the student awardees.
A motion was made
by Kathy Otero and seconded by Dick Welker to approve the minutes with the one
amendment.
The motion
was approved.
·
Kathy Otero presented the financial report. The December and January financial statements were
reviewed. As of January, the
chapter has approximately a $4,600 surplus.
The surplus
will be reduced, as Kathy has since spent $520 on awards and speaker gifts, the
scholarships have yet to be awarded, and $500 has been set aside for the
incoming President to attend the National meeting in June.
It was
discussed whether the chapter wanted to award the scholarships; if so,
for how much; and also how much of a surplus we wanted to be carried over
into next year. The Board
agreed that a $2,000 surplus would be adequate to start the new fiscal year, and
to go ahead with the scholarships.
Kathy Otero
asked if there were any requests for reimbursement.
The only
request was from Kathy for $4.76 for postage for mailing out the letters to the
awardees. Jennifer Hoagland
motioned that Kathy be reimbursed for the postage; Dick Welker seconded the
motion.
The
motion was approved.
● Rolyne Kafka presented the administrative report. He has not seen a point standing in a while, but will update Board members when he gets a new one. David Dominguez has submitted a manuscript so the Chapter will be receiving additional points.
Rolyne has submitted the full slate of Officers for next year to National.
Ed Pacey presented the Communications report.
Ed had received an e-mail from Robert Half
requesting that they be allowed to put a banner ad on our website.
Several Board members expressed reservations about doing
so. Concerns included the limited
space on our website. As an
alternative, providing a link from the Chapter website was mentioned.
Ed Pacey made a motion to respond to Robert Half by offering them a link to our website. Dick Welker seconded the motion.
The motion was approved.
Ed will ask David Dominguez to take care of the link.
● Janet Omundson presented the professional
education report. The viability of continuing breakfast meetings was discussed.
The Chapter lost $13.42 for the February breakfast meeting. The loss
would have been greater had the room charge not been waived by UTEP.
It is unlikely that the Chapter will break even with a breakfast meeting. However, it was agreed to try to do at least one breakfast meeting next year, and to check and see if we could do the meeting at the El Paso Club.
Kathy Otero said that Gary Braun has agreed to do an audit update on Tuesday August 20th.
It was also tentatively agreed to have the Chapter planning meeting on May 4th. Jennifer Hoagland will get back to the Board members as to the specific time and place.
There
was no membership report as Denise Pacillas was absent.
The Chapter scholarships were discussed.
It was agreed that the chapter would again offer two scholarships, each in the amount of $250. One scholarship is for a returning student, while the other does not require that the student return.
Ed Pacey made a motion that we no longer restrict scholarships to one time recipients. RolyneKafka seconded the motion.
The motion was approved.
In the past, the chapter has used the National form. The criteria used in awarding the scholarships are grades and contribution to the IMA chapter. One scholarship is primarily an academic one, and the other one is primarily a student involvement one.
Janet Omunson and Ed Pacey will be members of the scholarship Committee.
Kathy Otero will revise the current scholarship application; eliminate the essay requirement, and replace it with references. Kathy will then forward the revised application to Janet and Ed for approval .
The due date for the application will be the 1st week in April. The scholarships will be awarded at the Accounting Department banquet.
The checks will be distributed in August. A certificate will be presented at the banquet with a reminder to contact Kathy Otero for their checks after they have registered.
The awards and speaker gifts purchased were
discussed.
Janet Odmunson made a motion to approve the overage on speaker gifts. Rolyne Kafka seconded the motion.
The motion was approved.
There was no further business.
·
The meeting was adjourned at 1:05.
Scholarships
Available
Institute of
Management Accountants, El Paso Chapter #205
2 - $250
scholarships
One awarded to an
IMA student member in May, 2002
One awarded to
accounting or finance major (IMA membership not required) in August, 2002
General Criteria:
Majoring in
Accounting or Finance
At least 9 upper
division hours completed.
Overall GPA of 3.0,
Major GPA 3.0
Applications due
4/5/2002.
For detailed
criteria & application form, contact Kathy Otero at (915) 747-7764 or [email protected]
<mailto:[email protected]>.
Applications
will be available on 3/11/2002.