Youth Endowment for Activities Foundation, Inc.
Board of Directors Meeting
December 16, 2009
IHSAA Office 8011 Ustick Rd. Boise, ID
MINUTES
Members Present: Members Absent:
Ron Ouren Conrad Underdahl
Bob Sobotta No district IV representative presently
Don Armstrong
Ben Kerfoot
Skip Smyser
Myrna Johns
Skip Pierce (president)
Eugene Novotny
John Billetz
Roger Reynoldson
Jim Chatterton
Gail Siemen
Gordon Woolley
The meeting began at 11:00 a.m. President Skip Pierce conducting.
Report Agenda:
1. Financial: Dick Curtis reported approximately half the schools receiving investment checks reinvested toward their account in the sum of $27,205 aggregate. The fund balance as of December 16 is $2,612,710.40. Dick reported line item the financial report as of 12/16/09 which showed total income for the fiscal year at $493,160; Expense total:$27,635 and a net gain of $465,625.
2. Jamborees: Jamboree receipts are expected to reach $44,000 due in part to officials helping out.
3. Vestments: Dick reports that of the 155 high schools vestment fees are being paid not necessarily by due amounts. Ie: Firth donated $1500 above their annual vestment; Bear Lake, so far, has donated $200 of its $500 annual fee.
4. Representative for the board in District IV: Dick will follow up with Greg Lowe regarding appointment possibility of Louie Bettencourt.
District VI also needs a representative replacement with the resignation of Brett Cooke’s term. A possibility may come from Firth or Shelley. Hopefully, these positions can be filled by the April 13
meeting.
Consent Agenda:
Jim Chatterton moved, Gordon Woolley seconded to approve the agenda. Motion carried
Gail Siemen moved, Ron Ouren seconded to approval minutes of the September meeting. Motion carried
Action/Discussion Agenda:
a. New board members must be considered for openings on the board in District IV and District VI (see Dick’s report, page one)
b. 2nd reading:
1.Don Armstrong moved, Gordon Woolley seconded to include Cross Country, Golf and Softball for reimbursement for 2009-10 school year. Motion carried
2. Don Armstrong moved, Bob Sobotta seconded to adopt a new reimbursement formula. Motion carried:
3.5% of the total account portfolio (as of June 30th), will be set aside for annual dividend distribution.
The per diem will be fixed at $ 15 per participant. The mileage will be adjusted, so the entire 3.5% will be can be made available for the schools.
Miscellaneous Business:
a. The April meeting will be on (Tuesday) April, 13, 2010 at the Holiday Inn, Boise
b. Reports were provided to the board for perusal of vestment levels within each district.
c. Dividend summary report was provided of schools receiving dividend checks and which schools reinvested their checks toward their account.
d. An account of board’s term limits was provided
e. A report from D.B. Fitzpatrick was distributed to each board member.
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