Issue link: http://read.dmtmag.com/i/121911
per 215ILCS.5/3 12.1 National Vice President Margaret Schmitt moved and seconded by National Director Loretta Nelson to accept the 2013 budget "Vendors with Budgeted Payments of $40,000 or Greater" report as presented. Changes of vendors, options or a 5% increase require Board approval. Motion passed 10 – Yes 0 – No. • alary information per 215.ILCS.5/3 12.1 S National Vice President Margaret Schmitt moved and seconded by National Director Catherine Hensel that the Board of Directors accept 2013 budget "Employee Salaries Information Report" of salaries over $40,000.00. Motion passed 10 – Yes 0 – No. • CSF Travel Guidelines for 2013 N 2012 audit plan presentation by Johnson Lambert the Society's internal auditors. Auditor Responsibilities • erform our audit over the statutory financial statements P as of December 31, 2012. • onsideration of internal control over financial reporting. C • repare the audit letters required to be filed with the P Illinois Department of Insurance: - ndependent Auditors' Report I - eport on Internal Controls R - uditors Qualifications Letter A Administrative Assistant Rosemary Holland gave an update on the Hearts and Hands matching program. The Board of Directors attended a luncheon meeting with BMO Harris Investment Management Team at Morton's Steak House in downtown Chicago. Sales Manager Victor Mensavage gave the sales department report. - New Producers: 84 Appointed Producers YTD: 383 The new executive vice president appointed by the Board of Directors was introduced. The meeting recessed with a prayer at 6:20 p.m. Friday, December 14, 2012 The December quarterly meeting of the Board of Directors of the National Catholic Society of Foresters was called to order by National President Margaret Babinat on Friday, December 14, 2012 at 8:00 a.m. in the board room of the Home Office. All members of the Board were present, except Rosalie Pyle. The meeting opened with a prayer followed by the Pledge of Allegiance to the Flag of the United States. Mel Rambo a senior executive and actuary with exceptional experience in strategic planning and organizational change spoke to the Board of Directors on "Who, What, When Where, Why and How of Articles of Incorporation and Bylaws Revisions". The following unfinished business was covered: A discussion was held on National Director Carol Clauson's ideas and suggestions for covers of the National Catholic Forester magazine. 2013 Board Meeting Date / Tentative March 13, 14, 15 & 16, 2013 June 5, 6, 7 & 8, 2013 September 11, 12, 13 & 14, 2013 December 4, 5, 6 & 7, 2013 A letter sent to the 2010 convention delegates voicing concerns about the Society hiring an executive vice president and letters from individual members were read and discussed. Sales Production • eptember to November S - New Life Sales: $32,929.37 New Life Sales YTD: $125,318.39 2012 Goal: $185,000 % of Goal Achieved: 68% - New Annuity Sales: $15,298,438.04 New Annuity Sales YTD: $27,308,751.26 2012 Goal: $3,415.000 % of Goal Achieved: 800% Illinois Department of Insurance Auditors will start their audit on January 14, 2013 in the Home Office. The examination could be up to 6 months. • ecruiting September to November R - New General Agents: 1 General Agents YTD: 16 Approved 3-14-2013 Spring 2013 — www.ncsf.com The meeting adjourned with a prayer at 4:45 p.m. Respectfully submitted National secretary Patricia de nys, fic These are the complete Board of Directors quarterly meeting minutes. 9