Newfoundland Club of America Board of Directors Meeting

Teleconference Meeting , May 23, 2001

President Beverly Eichel called the teleconference meeting to order at 7 p.m. Central Time on Wednesday, May 23, 2001. The following directors were present: Beverly Eichel (BE), Sandee Lovett (SL), Roger Frey (RF), Mary L. Price (MLP), Tom Broderick (TB), Clyde Dunphy (CD), Aura Dean (AD), Roger Powell (RP), Joan Gunn (JG), Robin Seaman (RS), and Mary Lou Cuddy (MLC). Steve McAdams (SM) was absent and excused for work-related reasons. Mary W. Price (MWP), AKC delegate, was absent. Frank Winnert, Finance chair, was also in attendance.

Aura Dean moved and Sandee Lovett seconded to waive the normal order of business since this was a special teleconference, set as an emergency meeting to discuss some date and time sensitive issues. The meeting was then immediately turned over to Frank Winnert, Finance chair.

Report of the Finance Committee

Frank Winnert reported that the NCA Board had requested that the Finance Committee research the possibility of investing NCA and Charitable Trust funds (CDs) in another financial institution other than the M&I Bank at a higher interest rates and FDIC insured. The CDs would only be changed after they matured.

Frank Winnert, Sandra Gabel, Helen Mancuso, Mark Aliff, Mary L. Price and Beverly Eichel participated in the Finance Committee teleconference on April 26, 2001. Ken Price and Scott Westphal were absent. They were unanimous that the lack of FDIC insurance coverage on NCA's balances exceeding $100,000.00 did not place NCA's cash assets at risk. Frank also reported that the M & I Bank owns a branch in Nevada which is FDIC insured.

Frank reported that the Finance Committee unanimously agreed to stay with M & I Bank of Wisconsin and not to move NCA funds to another bank at higher interest rates. He also indicated that M & I Bank is a full service bank that processes NCA's 4,000 checks deposited and 500 checks written each year and 5,000 wire transfers. The NCA Finance Committee agreed that there are many reasons, such as, accessibility and NCA business relationship with the local bank, M & I. Also, Frank reported that it would be much too burdensome to change banks because of the paperwork. It was reported that it would be time consuming getting the NCA Officer signature cards circulated. Frank further reported that if for perception, the Board wished to have all NCA funds FDIC insured, then a seamless transfer could be made to the bank in Nevada. He also stated that it was the consensus of the Finance Committee that the treasurer should seek higher interest rates at other financial institutions when the APY (annual percentage yield) of M&I is less than 105 percent of the yield on United States Treasury bills.

Frank Winnert left the meeting at approximately 9 p.m.

Aura Dean moved and Robin Seaman seconded to call Jack Dean and give him the opportunity to present his point of view, defend his position, and clarify information he had provided to the Board regarding NCA investments. Jack Dean had made specific proposals on this subject to the Board.

Roger Frey moved and Clyde Dunphy seconded to call the question. Motion to call the question passed unanimously Absent (SM).

The motion failed: 4 yes (AD, TB, RF, RS) 7 no (MLP, CD, SL, JG, RP, MLC, BE) Absent (SM).

Roger Frey moved and Clyde Dunphy seconded a motion to move NCA funds, in a seamless transaction up to $100,000.00, to the M & I Bank in Nevada from the M & I Bank, Wisconsin, to obtain additional FDIC insurance. The motion passed unanimously. Absent (SM)

Clyde Dunphy moved and Roger Powell seconded that the Finance Committee and NCA Treasurer monitor the NCA and NCA Charitable Trust Fund Certificates of Deposits. If the M & I Bank interest rates do not meet the Finance Committee requirements, then the NCA Treasurer would look into other financial institutions. If the interest rate paid at M&I Bank is less than 105 percent of the yield on United States Treasury bills, then the Treasurer should look for another bank.

Roger Powell moved and Joan Gunn seconded to call the question. The motion to call the question passed unanimously. Absent (SM)

The motion passed unanimously. Absent (SM)

Roger Powell moved and Aura Dean seconded to begin a relationship with other higher interest banks, to invest future NCA funds and to explore moving one or more CDs into another bank including Anchor Bank, Capital One and MBNA banks. The motion carried unanimously. Absent (SM)

Roger Powell stated that there are some misinterpretations among the membership regarding NCA financial matters and we should strive to communicate more effectively. The NCA Board will request the Finance Committee send an article to Newf Tide explaining their financial forecast for the future.

Treasurer Mary L. Price reported that only four committees submitted a budget. Also, Mary reported that the NCA would need to order 175 Best of Breed plates.

NCA Membership Applications

Tom Broderick moved and Joan Gunn seconded to go into executive session.

The motion carried unanimously. Absent (SM) New member applicants were discussed.

Clyde Dunphy moved and Aura Dean seconded to come out of executive session.

The motion carried unanimously. Absent (SM)

All new member applications except two were approved. These two are being held in abeyance and they will be reviewed at the next meeting.

AKC/Eukanuba American Dog Classic

Clyde Dunphy moved and Aura Dean seconded that the NCA take part in the American Kennel Club "Meet the Breeds" attraction at the AKC/Eukanuba American Dog Classic. The Newfoundland Club of Florida President William Schernekau will organize the event. Ann Thibault, General Education chair, would be contacted for any and all materials that should be distributed at the event.

This event will be held at the Centroplex in Orlando, Florida on December 12, 2001. The main purpose is to educate the public about the unique qualities and characteristics of our breed.

The motion carried unanimously. Absent (SM)

NCA Board Face-to-Face Fall Meeting

The fall face-to-face meeting dates and place were discussed. The NCA Board will be traveling to Buffalo, New York, on Thursday, November 29th. The NCA Board will meet on Friday, November 30th through Sunday, December 2nd.

Henry Jurczyk (Niagara Frontier Newfoundland Club) will make the hotel arrangements at the 2003 National Specialty site.

AKC/CHF Meeting

Roger Powell moved and Clyde Dunphy seconded to send either Jan Boggio or Mary Jane Spackman, co-chairs of the NCA's Newfoundland Health Challenge (NHC) to the AKC/CHF meeting on October 19, 20, and 21, 2001 in St Louis, Missouri. The NCA will pay for the transportation and the AKC will pay for the hotel and meals. The motion passed unanimously. Absent (SM)

Newfoundland Health Challenge/Cystinuria Test Rebates

Roger Frey moved and Aura Dean seconded to accept the proposal of the NHC to extend the Cystinuria testing rebate program through April 30, 2002 under the same requirements as established at the Annual Board Meeting held in May 2000. The cap will be set at $15,000.00, representing a total of 600 individual Cystinuria tests. This program will be evaluated on an annual basis. The motion passed unanimously. Absent (SM)

New Business

Beverly Eichel reported that Bob Rogers will be the new chair of the NCA Membership Committee and Mary W. Price will stay on the committee as a committee member along with Susan Rogers.

Beverly also reported that Mary W. Price had contacted Bob Brown of the AKC about the Rescue Symposium. The initial one will be held in 2002 and the NCA would not be taking the initiative to organize such a national event.

Agenda items should be sent to the Recording Secretary by June 9, 2001.

The next teleconference will be on Tuesday, June 19, 2001, at 7 p.m. Central Time.

Mary L. Price updated the Board regarding the dues renewal notices. They either have been mailed out or will be mailed out by the end of the week. Bob Rogers found a printer that would complete the entire mailing process.

Beverly Eichel will send a letter to Jack Dean acknowledging his recommendations on NCA Financial matters.

Clyde Dunphy moved and Roger Powell seconded to adjourn at 10:15 p.m.

The motion passed unanimously. Absent (SM)

Respectfully Submitted,

Tom Broderick,
NCA Recording Secretary