May 2013 Board Minutes

May 2013 Board Minutes Wick Alumni Center

Members Present: Agnes Adams, Allen Blezek, John Comer, Jack Goebel, Doug Jose, Jim Kendrick, Roger Kirby, Bob Kuzelka, Jim McShane, Alan Seagren, Delivee Wright, Doug Zatechka.

Allen Blezek, President, called the meeting to order at 1:00 pm.

1. Memory Moments: Nelson Potter, Philosophy.

2. Foundation Resources. President Blezek introduced Jason Kennedy, Senior Vice-president, Chief Executive Officer and Treasurer of the University of Nebraska Foundation. Mr. Kennedy distributed Project Financial Statements for the Emeriti funds in the Foundation. The gist of his remarks was that we had significantly reduced the spendable fund balance in the Foundation Wisherd account to $11,277.75 which will limit future available cash if not managed carefully.

3. Treasurer’s Report. Agnes Adams reviewed the April treasurer’s report with the Project Detail Report which identified income and expenditures for the Emeriti Association for the past year, as well as withdrawals and distributions from the Wisherd Fund.

4. Financial Adjustments: President Blezek asked Jack Goebel to analyze the financial situation of the Association. The analysis indicated that the Board is spending more than it is taking in by a significant amount. Most of this is the result of the increasing cost of luncheon meals and the policy of the Emeriti to subsidize the cost of luncheons. Lunch costs are about $13.00 with the board picking up $8.00 of the cost. To address the situation and move the Association to a firmer financial position, Jim Kendrick moved and Doug Jose seconded a motion to increase the cost of the luncheon to $10.00 per person; up from the current $5.00, reducing the subsidy to approximately $3.00 per person. Motion passed. Delivee Wright moved, and Agnes Adams seconded a motion to suspend funding of grants temporarily. Motion passed. The Association will continue to consider requests for financial aid from the Wisherd fund in case of financial hardship.

Al Seagren will prepare an email announcement for the fall. Allen Blezek will send a letter to members outlining this change in policy and encouraging members with questions to contact any member of the Board.

5. Big X 2016 Conference. Jack Goebel updated information on the planning.

a. Funding is still being worked on. 
b. Overall coordination will be by the Emeriti Executive Committee until May 2014 when Jim Griesen will assume this responsibility.
c. Location for the Conference is being explored including the new Marriott, Embassy Suites, and two others.
d. Dates will be August 5-7, 2016.
e. Committees are not yet formed although each will have one Board Member serving on it.

6. John Comer announced the dates of Emeriti Board Meeting and dates of Luncheons for 2014:

Board Meetings:

Thursday, January 9, 2014

Tuesday, February 11, 2014

Thursday, March 13, 2014

Tuesday, April 8, 2014

Thursday, May 8, 2014

Thursday, September 11, 2014

Tuesday, October 14, 2014

Thursday, November 13, 2014

Tuesday, December 9, 2014, Board RETREAT

Luncheons:

Thursday, January 16, 2014

Tuesday, February 18, 2014

Thursday, March 20, 2014

Tuesday, April 15, 2014

TBA NU Pres. Retirees Lunch

TBA Sept. Foundation Lunch

Thursday, September 18, 2014

Tuesday, October 21, 2014

Thursday, November 20, 2014

7. Coffee House Chats. Bob Kuzelka distributed a list of summer coffee chats:

June 19 – Wednesday, 9:30 am 
Wilderness Ridge Gold Course Club House.
July 15 - Monday, 9:30 am
Courtyard on N. side of “P” St. between 8th and 9th Sts.
In case of rain, meet in Crescent Moon Coffee Shop, 816 P 
(under 10,000 Villages).
August 21 – Wednesday, 9:30 am
Wilderness Ridge Golf Course Club House.
September, TBA
Return to 9-Mile Prairie

8. Faculty Senate. Jim McShane, Liaison, reported the following:

Ken Nickerson, Biological Sciences, is the new President-Elect.
Lorilee Thomas, Broadcasting, received the Lake Award for Academic Freedom.
John Janovy, Biological Sciences, and Helen Moore, Sociology, received awards for contributions to the institution.

Meeting adjourned at 2:15 pm.

Submitted By: Delivee L. Wright, Secretary

UNL EMERITI ASSOCIATION TREASURER'S REPORT Monday, April 1, 2013 to Tuesday, April 30, 2013

Wisherd Fund 
Book Value: $ 55,466.83 
Spendable: $ 11,795.47 
Market Value: $ 140,592.02 

Emeriti Association Fund 

Spendable: $ 5,973.00 

Wells Fargo Checking Account 

March 31 Balance: $ 4,457.99 
Received: $ 360.00* 
Expenditures: $ 699.66** 
April 30 Balance: $ 3,134.39 

Explanation of Income and Expenditures 
*April luncheon receipts. 
** East Union catering bill for March luncheon 
Treasurer: Agnes Adams