Issue link: http://read.dmtmag.com/i/489850
National Catholic Forester — 2014 Annual Report 16 Plan for NCSF. Theron R. Holladay, Sr., CFA, President and Chief Executive Officer from Parkway Advisors, NCSF Investment Advisors, presented an Internal Monitoring Report. Sales Director Victor Mensavage presented his sales report. Good news: NCSF has had three straight months with 100+ applications for life product. For the month of January and February we have annualized premium of $462,972.28. All application forms will soon be available through the NCSF website so all agents can access them from their own computers. They can download the forms for filling out. David Bonacker moved that the Board table any discussion on Strategic Marketing Alliances until 1st quarter of 2016. Second by Patrick Coleman, Adopted 10-0. Frank J. Baker & Company, LTD representatives Ron Feiereisel, Jr. CPA and Kurt Hoffman CPA came and introduced themselves and gave an overview of their company and their progress in our audit process. They will be in the Home Office at the end of March doing the onsite portion of the audit. Correll Co. representative Ken Schlott, spoke about the employee 401k plan. Meeting was recessed for committee meetings at 5:00 p.m. Saturday, March 7, 2015 The March quarterly meeting of the Board of Directors of the National Catholic Society of Foresters was called to order by National President Margaret Schmitt on Saturday, March 7 at 8:15 a.m. in the Home Office board room. Opening prayer and Pledge of Allegiance were said. Roll call was taken and present were National President Margaret "Peggy" Schmitt, National Vice President Sally Egan, National Secretary Catherine "Cathy" Hensel, National Treasurer Lisa Bickus and National Directors David Bonacker, Terence "Patrick" Coleman, Jeanne Filipp, Sandra Troyanoski, Maria Tupaz and Jane Uselman. Executive Vice President John "Jay" Schenk was also present and gave his EVP report. Board member Maria Tupaz left the meeting to catch a flight home. COMMITTEE REPORTS Fraternal Committee Report: Members of the committee received a draft of the new court handbook that the fraternal deptartment is working on. Action from the committee follows: Motion by Catherine Hensel representing the Fraternal Committee: I move that NCSF reinstate the Diocesan Communication Grants and give seven (7) grants at $1,500 each per year. Adopted 9-0. Motion by Catherine Hensel representing the Fraternal Committee: I move that NCSF give 10 grants for Continuing Education up to $250 each be awarded lottery style to members aged 26 and up for continuing education. These grants would be awarded to members for credited or non-credited courses. Adopted 9-0. Motion by Catherine Hensel representing the Fraternal Committee: I move that the NCSF match for qualifying Hearts and Hands events be raised to $1,500 per year per court. Co-sponsor events would be raised to $750 per event. Adopted 9-0. Finance Committee Report: Motion by Jeanne Filipp representing the Finance Committee: moves that NCSF's Defined Benefit Plan (DBP) be frozen immediately until further review by the Finance Committee, with consultation from our DBP actuary, for a recommendation to be presented to the Board at the June 2015 meeting. Adopted 9-0. 2015 Budget was presented. Motion by Jeanne Filipp representing the Finance Committee: I move that 2015 Budget dated March 7, 2015 with an expense to revenue ratio of 76.83 percent be approved. Adopted 9-0. Investment Committee Report: Motion by Lisa Bickus representing the Investment Committee: I move that the NCSF Board acknowledged and reviewed the Investment Guidelines Verification Report as provided and dated Dec. 31, 2014, as well as the State of Illinois Investment Limitation Verification Report dated Dec. 31, 2014. Adopted 9-0. Audit Committee: The Audit Committee will send the Board members a report by email by the end of the month. Board went into closed session for personnel matters. Evaluations of the appointed National Secretary and appointed National Treasurer were reviewed and are complete. Meeting went back into open session and adjourned at approx. 1:45 p.m. Fraternally submitted, NATIONAL SECRETARY CATHERINE HENSEL A FULL REPORT OF THE APPROVED BOARD MINUTES IS AVAILABLE IN THE OFFICE OF THE NATIONAL SECRETARY, 1-800-344-6273. From the National Secretary, cont. from page 15