Attachment A
TASFAA Executive Board Meeting
July 24, 2009
Board Reports
President
Marian Huffman
It is amazing that we are
twenty days into the 2009 – 2010 year and already so much work has taken
place. Committee chairs are off to a
great start and there will be much for them to report during the July
meeting. This no doubt will be a year of
big challenges which will be matched by great opportunities. It is a pleasure to work along side such
talented and dedicated individuals.
Transition
Meeting
The transition meeting was held at the University of the South on June 18th
and 19th. Both the outgoing
and incoming boards attended. This
allows for exchange of ideas and promotes a smooth transition. Holding the meeting on a campus minimizes the
cost and maintains quality of meals and meeting space.
During this meeting members participated in a silent brainstorm. Listed below is the summary submitted
detailing what the members would absolutely do or absolutely not do if they
were serving as President.
Absolutely would do:
*Be
conservative with finances – continue to cut conference costs; e.g eliminate
all evening meals. Start on Monday
morning.
*Use
the entire membership to access the strengths of as many people as
possible. Read “Winning” by Jack Welch.
*Continue
as many training opportunities as possible for TASFAA members.
*Continue
to work on budget issues.
*The
President must be organized – which you are so keep up the good work!
*Try
to get more involvement from schools/members that don’t normally attend
conference or volunteer – graduate schools, etc.
*Talk
to your mentors and be conservative in spending money.
*Investigate
institutional membership.
*Open up more and more lines of communication in the
organization.
*Absolutely
keep up communication with membership re: federal & state changes and
status of TASFAA’s fiscals.
*Represent whole constituency, listen and communicate.
*I’m
glad I am not in that position. Work
with TSAC/legislators to change HOPE GPA to be school GPA.
*Look
to leadership for help and “stand on their shoulders”.
*Spend
only on those things that support the mission of TASFAA.
*Take
drastic steps to cut costs.
*Take
a stern but reasonable approach to making cuts.
*Appoint good committee members, seek “new blood”.
*Seek
more input from schools about issues.
*Help
TSAC.
*Communicate
effectively to the entire membership the importance of TASFAA (being a member)
and encourage volunteerism. These 2
things make the TASFAA organization.
*Make
sure membership is well informed of what is going on at the state and federal
level.
*Work
to keep association costs down.
*Communicate
with members on information received and action on non-action taken by TASFAA
and why.
*Eliminate
all unnecessary costs.
Absolutely would not do:
*Don’t panic over money issues.
*Do not cancel fall training due to FSA conference.
*Do not have vendors present at sessions.
*Don’t eliminate too many events to cut costs.
*Don’t just carefully watch budget and keep expenses
to a minimum.
*Don’t be afraid to make changes to the way TASFAA
does business.
*Fail to keep up with HEOA – Final Rules.
*Don’t cut costs at the expense of quality.
*Reduce level of training for the members.
*Don’t have a “sky is falling” mentality.
*Don’t cut the quality or content of conferences.
*Don’t sacrifice training needs of the membership.
Future
Board Meetings
To date no future contracts have been signed for board meetings. Pending
approval of the budget, here is the tentative schedule. The Site Selection Chair, Joanie Walker will
be working with the hotels to control cost and further reduce the room
commitment. The schedule of the January
meeting as well as the venue for the June meeting will be different from
meetings in the past. This is an effort
to minimize cost.
October 29 – Embassy Suites in
Prior to this meeting, Past President,
Jeff Gerkin is working to organize a meeting with Dr. Rhoda to discuss the
administrative burden and challenges of communicating to students and parents
the TELS GPA. All sector representatives
will be invited to attend along with President Elect, Sandra Rocket and
President,
The board meeting will focus on possible
bylaw changes to allow for institutional membership, P&P changes resulting
from changes in financial expenditures as well as other committee reports.
January 21 – 22 – Cool Springs Marriott
The board will meet beginning at 1 P.M.
the afternoon of the 21st.
Everyone will be invited to stay for an evening meal in the suite. Any board member serving on the program
committee will meet the next morning along with any program committee members
from the
During the board meeting the Long Range
Planning Chair – Cruzie Lucero will present possible changes. Also Electronic Services chair will present
information about possible bids and demos of sites.
April 17 – Cool Springs Marriott
Preconference board
Meeting.
June – Date TBA –
Final reports will
be shared by email and the meeting will be held by phone conference. This will eliminate all travel cost
associated with a drive in meeting. The
2010 – 2011 President can hold the “transition” meeting in July. That meeting can be entirely focused on
exchanging of ideas, setting goals and developing a plan of action for the
upcoming year.
Proposed
Budget
Marian. Huffman meet via phone conference with the Budget and Finance
Chair, Cara Suhr on July 17th.
Changes were made to the budget proposal based upon feed back from the
transition meeting and the changes to NASFAA’s decentralized training. The proposed budget is balanced and does not
assume any use of reserve funds.
NASFAA
Ms. Huffman attended the NASFAA conference held in
As a result of the format change, multiple dates and significant cost
increase, the material for TASFAA’s Fall Training Series has changed. Detailed information will be provided by the
Training Chair, Rick Taphorn.
Goals for the 2009 – 2010 Year
*Propose a balanced budget. (FIN Goal #24)
*Work
with committee chairs to continue and where possible enhance communication with
the membership. (COM Goal #12)
*Provide
opportunity for TASFAA to develop a relationship with
*To
minimize any lose of training opportunity resulting from not having a fall
conference. This can be accomplished by
working with the Training Chair to develop a Fall Training Series. These will provide decentralized training for
new aid officers as well as legislative updates (PDT Goal #22). Also, the Mentorship Chair can work to
develop and enhance networking / collaboration opportunities for the membership
(PDT Goal #17).
*Work
with the Association Governance Chair to review the possibility of an
institutional membership. (MRC Goal #10)
Thank you for the opportunity
to serve!
President-Elect
Sponsorship
Sandra Rockett
SPONSORSHIP DEVELOPMENT REPORT
Committee members:
Sandra Rockett, Chair
Amanda Heath
Naomi Derryberry
Jan Lassiter
Since there is no fall
conference, there has been no further work done on sponsorship development.
Since there are so many
uncertainties at the present time, it is felt that it is best to wait for some
definitive answers regarding the stability of our funding sources.
Statement of Goals and
Objectives for the Year:
Specific Projects that will
achieve these goals:
Anticipated number of
meetings 0 Estimated cost of meetings 0
Anticipated budget 0
Anticipate costs of major
projects 0
Submitted by Sandra Rockett
PRESIDENT ELECT REPORT
The President-Elect met with
Mellissa Smith and Marian Huffman on July 23 to train on the use of QuickBooks.
The President-Elect also met with the President on July 23 to review the budget
for the 09-10 year.
Submitted by Sandra Rockett
Past President
TASFAA Advisory Committee to TSAC Chair
Nominations Committee Chair
Jeff Gerkin
NOMINATIONS REPORT
The Nominations Committee is
still being formed for 2009-10. The
committee goal is to obtain a minimum of two nominations for each elected
position, whenever possible. The
committee will also pursue nominations for the TASFAA Distinguished Service
Award for 2009-10. As Past President of
TASFAA,
TASFAA ADVISORY COMMITTEE TO TSAC REPORT
The TASFAA Advisory Board to
TSAC will meet as required. Each member
position of the committee rotates every three years and those, whose term has
expired, will be replaced with an equal number of members. The new committee members are still being
considered and will be in place before the first meeting of the committee. One major goal of the committee for 2009-10
is to renew discussions regarding replacing the TELS GPA with the Institutional
GPA for eligibility purposes. A survey
is being planned to ascertain the interest of various sector groups within
TASFAA, which will provide substantive data for discussions with the TSAC
leadership. The meeting with the TSAC
leadership is being planned for October to pursue this change.
Respectfully Submitted,
Treasurer
Ashley Bianchi
Met with past Treasurer at
the Cool Springs Marriott on July 23, 2009. Received and reviewed the feedback
presented at the Brainstorming session at the Transition Meeting. Currently
reviewing an online payment option for members to pay their membership fees.
With Regions Bank there is no EFT charges. Pay Pal may be a possibility. Discussion
and presentation of the TASFAA Balance Sheet as of July 24, 2009.
Secretary
Karen Hauser
Results from the
Brainstorming Sessions at the Executive Board Transition Meeting held in June
2009 were typed. The Conference Committee notes were emailed to Lester
McKenzie. The others were emailed to Marian Huffman and the Executive Board.
The resignation letter/email
received from Sean Johnson, concerning the Electronic Services Chair, was
received. It was forwarded to the Executive Board and will be included as an
attachment to the minutes.
The Executive Board minutes
and reports from the April 4, 2009 were put on the TASFAA website.
Goals:
Sector Representative At Large
Conference Committee Chair
Lester McKenzie
Conference
Committee
The Spring
Conference will be held April 17-21 at the Cool Springs Marriott. In order to
be a budget-conscious committee we have decided that the conference committee will
consist mainly of Board members with volunteers from the Association serving as
onsite assistance. We do not plan to have a separate conference committee
meeting so travel expenses can be minimized. The following Board members serve
as the conference committee during the planning phase and assist in minimal
capacity at the conference.
Lester McKenzie, Chair General
Conference Administration
Marian Huffman, President General
Conference Administration
Sandra Rocket, President Elect Vendor/Sponsor
Ashley Bianchi, Treasurer Registration
Rick Taphorn, Training/ Private
Rep Training/ NAOW
Cara Suhr, Budget/Finance General
Conference Administration
Jonathan Babcock, Electronic
Services Audio Visual,
Web-Presence Assistance
Ron Gambill, Government
Relations General Session Speaker
Assistance
Larry Cyr, Membership Registration
Joanie Walker, Site Selection Hotel Liaison,
General Conf Admin
The balance of
the Board members have been asked to assist in recommending and securing
concurrent session presenters. Sonja McMullen and Sam Casarez have additionally
offered their assistance with the conference planning. Joanie Walker has been
designated as my backup for board reporting in my absence.
The conference
theme and goals will be presented by President Huffman.
Goals
1.
Ensure
quality and timely information be presented to members at the annual
conference. Referenced LRP Goal #14: Assess
the knowledge base of the Association members to identify their training needs,
and take steps to address any areas where training might be needed.
2.
Provide
a conference with a all-inclusive learning objective that focuses on the common
attributes as well as the diversity of the association and its members.
Reference LRP Goal #18: To provide
opportunities for training and professional growth appropriate to the
Association members’ level of experience and position with the financial aid
office.
3.
Provide a
thorough and comprehensive training conference that will attract new members to
the association. Reference LRP Goal #19:
To enhance growth and participation within the Association for new and less
active members.
Respectfully
submitted,
Lester McKenzie,
Chair Spring Conference
Sector Representative Private-4-Year
Training Chair
Rick Taphorn
The New Aid Officer Workshop
training has been scheduled for October 5 at
NASFAA is changing their
decentralized training to a webinar format and thus TASFAA will not be able to
use their materials for the fall training workshops. Instead the goal is to offer a one day TASFAA
fall training workshop on November 4 at the
TASFAA being able to provide
webinars seems to be a strong possibility.
Submitted by Rick
Taphorn, Training Committee Chair
Sector Representative Proprietary
Mentorship Chair
Jeanne Stewart
Members: Dick Smelser
Jane Pennington
Several goals are set that
will be presented to the members of the Mentorship Committee. These goals are attainable and can be implemented
in a timely manner.
The goals for the committee
will be:
When the members of the
committee are selected we will be meeting to get the goals finalized and
implemented.
Submitted by: Jeanne Stewart
PROPRIETARY SECTOR REPORT
Presently I am in the process
of compiling a list of all the proprietary schools and colleges within the
state that participate in the state and federal programs. The list will include those colleges that are
members of the TASFAA organization as well as the colleges that are non
members.
The purpose of the list is to
establish a contact at each college to gather information as to the best way
that TASFAA can serve the needs of the proprietary sector. For those colleges who have employees that
are not members of TASFAA I will be encouraging membership in organization.
My goal is to also introduce
the Mentorship opportunities and to encourage participation in the
organization.
Submitted by: Jeanne Stewart
Sector Representative Public-2-Year
Stephen White
Goals for the July 1, 2009 through June 30, 2010:
Submitted by Stephen White,
Chair
Sector Representative Public-4-Year
Awards and Awareness Chair
David Hutton
Goals for July 1, 2009
through June 30, 2010
1.
Established an
email distribution list so universities can express their ideas and suggestions
for TASFAA Executive Board.
2.
Worked with Tim
Phelps and Stephen White to express concerns about new veteran’s benefits
regulation and its impact on other federal and state aid programs.
3.
Allison Snyder
and Donna Price will work on the Award committee.
4.
Darolyn Porter,
Naomi Derryberry and Robbie Snapp will serve on the Financial Aid Awareness
Committee.
Submitted by: David Hutton
Sector Representative Tennessee Technology Centers
Budget and Finance Chair
Cara Suhr
Statement
of Goals and Objectives for the Year:
A.
Work with President and Treasurer to develop and monitor budget.
B.
Monitor TASFAA investments (CDs) for best rate of return.
C.
Review TASFAA insurance and bonding policies.
D.
Assist accountant and Treasurer in filing of tax documents.
E.
Complete monthly bank statement reconciliations.
F.
Develop Budget and Finance Committee purpose and responsibilities for
TASFAA Policy and Procedures Manual.
G.
Complete review of travel reimbursements (mileage rate, per diem, etc)
Communicated
with Mowery Insurance to have bonding updated to cover new President and
Treasurer and remove Past-President and Past-Treasurer.
On
July 17, 2009 had phone meeting with President to review the purposed 2009-2010
TASFAA Budget.
The
Budget and Finance Committee recommends that TASFAA no longer provide
complimentary conference registration to it elected board members.
Two
CD’s will mature in August. Research has
begun for renewing these CD’s. However,
current budget status will be reviewed in consultation with the President and
Treasurer before renewing these CD’s.
Submitted
by Cara Suhr
Association Governance Chair
Clyde
Following
is a listing of the members of the 2009-10 TASFAA Association Governance
Committee:
Jeff Gerkin,
Sandra Rockett,
Cara Suhr,
Brent Tener,
Clyde
The
goals of the committee for the year include a complete review and updating of
the TASFAA Policies and Procedures Manual. In addition, President Huffman has charged
the committee with reviewing the TASFAA Bylaws and making a determination of
the specific Bylaw changes that would be required in order for TASFAA to offer
an institutional membership. Following
the completion of that process, she has asked that the Committee bring forth a
recommendation to the Board regarding institutional membership.
We
look forward to our work for TASFAA during the upcoming year.
Submitted
by Clyde
Electronic Services Chair
Jonathan Babcock
_____________________________________________________________________________________________
Governmental Relations Chair
Ron Gambill
Attached (following) is the summary of H.R. 3221,
the Student Aid and Fiscal Responsibility Act of 2009. The bill was scheduled for full committee on
July 21, 2009. At this time, there are
several Manager’s Amendments being considered due to responses from within
Congress and outside groups concerned about the bill.
Goals and
Objectives:
2009-2010 Committee
Members:
Sam Casarez, TG
Sara Jackson, CSTCC (Pending)
Tim Phelps, TSAC (Backup)
Claude Pressnell, TICUA
Donna Price, APSU
Jim Shannon, CBU
Ron Gambill, Chair, Edsouth
Submitted by: Ron Gambill, Chair
Attachment: Student
Aid and Fiscal Responsibility Act of 2009 (H.R. 3221)
Summary of Select Provisions
A summary of selected sections
of H.R. 3221, as introduced in the House by Representative George Miller (D-CA)
on 7/15/2009.
Federal Pell Grants
Provides that the amount of the
Federal Pell Grant available to an eligible student will be the maximum grant
award specified in the last appropriated Act.
o $490 for
award years 2008-2009 and 2009-2010
o $690 for the award year 2010-2011
Inflation
adjusted amounts for award year 2011-2012 will be equal to $5,550 or the total
maximum Federal Pell Grant (on the mandatory side) for the preceding award year
(whichever is greater) and increased by one percentage point or the estimated
percentage change in the Consumer Price Index for award year 2011-2012.
Discretionary
Pell funding is to be determined by reducing the mandatory appropriations by
$4,860 or the maximum Federal Pell Grant for which a student was eligible for
the preceding award year, rounded to the nearest $5.
Pell Grant allocations would
continue using this model for award year 2012-2013 and subsequent years.
College Completion and
Innovation Fund
Appropriates
$600 million for each fiscal year during the period of 2010 through 2014 for a
College Completion and Innovation Fund.
Provides
$300 million for “State Innovative Completion Grants” to be allocated toward
carrying out state innovation and completion grants awarded by the Secretary to
states on a competitive basis to promote college persistence and completion.
Federal
share will amount to two thirds of the cost of activities and services carried
out under the grant.
Non-federal
share will be equal to one third of the cost of activities and services carried
out under the grant.
States
must submit an application for each fiscal year for which they want to receive
a grant.
Authorizes subgrants to
nonprofit organizations. Guarantors are specifically authorized to receive
funding or partnerships of guarantors to increase persistence in and completion
of postsecondary education which may include (1) financial literacy, education
and counseling to enrolled students; (2) programs to assist students with
reducing the amount of loan debt; (3) making LEAP grants; (4) making SLEAP
grants.
Student Loan Reform
No
new FFEL loans will be made after June 30, 2010.
Beginning
July 1, 2010, a FFEL consolidation borrower who does not have a Direct
Consolidation Loan may obtain a subsequent Direct Consolidation Loan.
Direct
loans for students and parents attending institutions located outside of the
The
Secretary shall, if practicable, award multiple contracts through competitive
bidding to entities, including not-for-profit servicers, to service Direct
Loans. The bidding process shall take into account price, servicing capacity,
and capability, and may also take into account the capacity and capability to
provide default aversion services.
Not-for-profit servicers are
specifically listed as entities with which the Secretary may contract for services,
along with guarantee agencies with which the Secretary has agreements under
sections 428(b) and (c) on the date of enactment, provided such servicers and
agencies meet qualifications determined by the Secretary. The legislation
directs the Secretary, to the extent practicable, to give special consideration
to State agencies and not-for-profit services with a history of high quality
performance and demonstrated integrity. Guaranty agencies and not-for-profit
servicers can enter into a consortium agreement for such agreements with the
Secretary.
The
Secretary may allocate additional servicing rights to not-for-profit servicers
based on performance, including performance in customer service and default
aversion.
Graduate
and professional students are not eligible to receive subsidized Stafford Loans
for any period of instruction beginning on or after July 1, 2015.
The interest rate on
Perkins Loan Program
Section
455A added to Part D to create a new program called Federal Direct Perkins
Loans.
Unless
otherwise specified, terms and conditions of Federal Direct Unsubsidized
Stafford Loans apply to the new Federal Direct Perkins Loans.
Eligible
borrowers include graduate and professional students attending eligible
institutions.
Annual
and aggregate loan limits are unchanged and aggregate limits include loans made
under the current Perkins Loan Program.
A new section 462A is added,
entitled Federal Direct Perkins Allocations, to allocate funds going forward.
This section:
o Authorizes
loan authority not to exceed $6 billion annually, from funds made available
under part D, for Federal Direct Perkins Loans
o Directs the
Secretary to allocate not more than ½ of funds to the adjusted self-help need
amount of the institution; ¼ to the low tuition incentive amount of the
institution; and, ¼ of the amount based on the calculation of the Federal Pell
Grant and degree recipient amount of the institution. No amounts are made
available to “non-participating institutions”.
o Defines average cost of attendance to include tuition
and fees, standard living expenses and books and supplies, all of which are
defined in this new section.
Section
463 is amended to modify the allocation of recoveries of defaulted loans that
have been assigned to the Secretary and allocation of payments on non-defaulted
accounts voluntarily assigned to the Secretary.
Section
463 is amended to set a new administrative expense of 0.50 percent of the
outstanding principal and interest balance of Perkins Loans made prior to July
1, 2010, that are being serviced by an institution as of September 30 of each
fiscal year.
The
authority of institutions to compromise on the repayment of defaulted loans is
repealed in its entirety.
Section
465 is amended to modify how an institution is reimbursed for cancellations
based on public service.
Section 466, Distribution of
Assets from Student Loan Funds, is rewritten to establish the amount the
Secretary is paid in quarterly capital distributions. A provision is included
to accommodate institutions which have made short-term, interest free loans to
the institution’s student loan fund prior to enactment of the Student Aid and
Fiscal Responsibility Act.
FAFSA Simplification
The
bill would impose asset caps of $150,000 that would prohibit students from
receiving any need-based grant, loan or work assistance.
The bill would eliminate
several asset-related questions from the FAFSA
Submitted by Ron Gambill
Historical Chair
2009-2010 Committee Members:
Karen Hauser,
Goals and Objectives:
The Historical Committee will meet at least twice
during the year, and more often if
needed.
Submitted by: Jan Lassiter, Chair
Cruize Lucero
Committee Members:
Name Institution
Ron
Gambill EdSouth
David
Hutton
Paul
McKinney
Cara
Suhr
Ricky
Taphorn
Statement of Goals and
Objectives for the Year:
Specific projects that will
achieve these goals:
A. Review long-range plans from other state financial aid
associations.
B. Review the last five years of the association’s
budgets.
C. Review the association’s purposes in relation to its
goals and objectives.
D. A conference call will be scheduled to discuss more
ways to accomplish our goals and objectives.
Submitted by Cruzie Lucero
Membership Chair
Larry Cyr
Membership
Committee: Not yet determined*
Membership
Goals:
·
Oversee
with Treasurer conference registration, training
registration, attendance, and payment of conference fees and training fees, if
any
·
Carry
forward the functions of the past membership chair to ensure that the
membership application is easy to navigate and is understandable
·
Work
with and/or assist the Treasurer with
payment of dues
·
Review
the membership database and membership applications making sure that the
membership status of all members is accurate
·
Collaborate
with the President and Executive Board to resolve membership and registration
policies for members
·
Work
with the sector representatives to help encourage membership applications and
payments of dues*
Several
good suggestions and comments were made at the June Transition meeting. They are listed below.
Explore
alternate means of payment such as credit card or PayPal.
Persist
in soliciting membership applications.
Advise
sector representatives of new members for a welcome contact and possible
mentoring
Encourage volunteerism making
sure that members know that there are no institutional costs other than
possibly being away from your office.
Aggressively
encourage (early) membership since dues are required for operating expenses.
Clean
up Membership database (have duplicates removed)
Use Sector Representatives to
solicit members (new and old)* (This was discussed at the Transition meeting
and the Sector Representatives appeared willing to assist.) A polling of the Sector Representatives will
take place at the July 24, 2009 Board meeting (today)
Send
reminders to old members to encourage them to become members again
Explore
the possibility of a late fee for payment of dues (no time frame was indicated)
Respectfully
submitted, Larry Cyr
Newsletter/Public
Relations Chair
Terri Parchment
Committee
Members:
Magi
Lewis –
Debby
Nuchols – SunTrust Bank
Janice
Maddox – TSAC
Statement
of Goals and Objectives for the Year:
Goal
1: Continue to have a completely online newsletter with PDF option.
Objective 1: Work with ATAC to set the Crossfeed
newsletter up in PDF formats on the TASFAA website on a timeframe determined by
the Executive Board.
Goal
2: Continue to foster partnership with vendors for sponsorship of the Crossfeed
Newsletter.
Objective 1: Work with the TASFAA Treasurer and
Sponsorship Chair for an up-to-date listing of vendors so that an early
invitation for sponsorship may be sent in August of 2009.
Objective 2: Provide Crossfeed sponsorship
information to Sponsorship Chair to assist in the goal of that Committee to
compile a list of all TASFAA sponsorship.
Objective 3: Send a letter of appreciation at the
close of the year to all Crossfeed sponsors.
Goal
3: Publish the Crossfeed at the established dates as set forth in the TASFAA
bylaws and ensure that an article is included from every member of the
Executive Board.
Objective 1: Establish a
time-line at the start of the year, which realistically outlines the process.
Objective 2: Provide the time-line to all members of
the Executive Board.
Objective 3: Utilize the ATAC system to notify the
Association of publication deadlines.
Objective 4: Send a series of reminders utilizing
the ATAC system to the Association, Executive Board, and others involved with
the publication to ensure that all articles are received by the established
deadlines.
Goal
4: Encourage and increase submissions from the Association membership, as the
Crossfeed is their newsletter.
Objective 1: Utilize the ATAC system to invite the
membership to submit information for publication.
Objective 2: Continue the use of candid photographs
in the Crossfeed to foster the sense of community among the membership.
2009-10 TASFAA Crossfeed
Newsletter Timeline
July 2009
August 2009
September 2009
October 2009
February 2010
March 2010
April 2010
Submitted by Terri Parchment
Joanie Walker
Tim Phelps
The
first session of the 106th Tennessee General adjourned on June 18th
and passed Senate Bill 771 and House Bill 839.
SB 771 clarifies the requirements for students who are on the
provisional path as reported at the last board meeting. HB 839 seeks to expand the Helping Heroes
Grant to include current members of reserve or guard members.
Also,
language in the appropriations bill, House Bill 2389, authorized the executive
director of THEC to also become the executive director of TSAC. This language was included in the “omnibus
bill” as a recommendation from the Governor’s administration.
Final
lottery revenues came in at approximately $265.5 million versus $266.7 million
in lottery-funded expenditures. When
interest income is added to revenue and funding for Pre-K and administration
are added to expenditures then the approximate amount that will be pulled from
the reserves to cover 2008-09 total expenditures will be around $13 million.
An
e-mail was sent to the TASFAA listserv on July 10 to inform postsecondary
institutions that TSAC will follow federal policy and exclude VA benefits as
financial assistance. The policy and
procedure manuals for all programs are being updated and we will provide
notification when they are amended.
I’ve
also had a conversation with Dr. Rhoda about a meeting with some TASFAA board
members in regard to the administrative burden of the TELS GPA. He seems receptive to such a meeting.
The
members of the State Programs Committee are Tim Phelps and Robert Biggers.
Respectfully submitted by: Tim
Phelps
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TN Assoc. of Student Financial Aid
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Budget History July 2005 through
June 2009 |
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2005-2006 |
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2007-2008 |
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2008-2009 |
2009 - 2010 |
2009-10 |
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Actual |
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Income |
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|
|
0.00 |
0.00 |
|
100 -
Prior Year Income |
|
956.00 |
|
6,216.08 |
|
|
|
1,750.00 |
0.00 |
0.00 |
|
102 - Fall Conf Registration |
|
22,835.00 |
|
22,180.00 |
|
31,447.00 |
|
34,350.00 |
0.00 |
0.00 |
|
103 - Spring Conference Reg |
|
21,209.50 |
|
16,910.38 |
|
27,783.50 |
|
40,745.00 |
43,875.00 |
43,875.00 |
|
104 - Sponsorship Transition Mg |
|
|
|
1,500.00 |
|
|
|
|
0.00 |
0.00 |
|
105 - Sponsorship Fall Conf |
|
60,297.26 |
|
63,600.00 |
|
62,000.00 |
|
36,500.00 |
0.00 |
0.00 |
|
106 - Sponsorship Spring Conf |
|
67,661.00 |
|
64,700.00 |
|
46,000.00 |
|
37,000.00 |
35,000.00 |
27,800.00 |
|
107 - Crossfeed Advertisement |
|
5,100.00 |
|
2,600.00 |
|
4,600.00 |
|
2,500.00 |
2,000.00 |
2,000.00 |
|
108 - Interest Income |
|
5,317.53 |
|
6,917.55 |
|
5,392.94 |
|
1,810.52 |
850.00 |
850.00 |
|
109
- Misc Income |
|
|
|
349.68 |
|
|
|
|
|
|
|
110 - NASFAA Workshop |
|
5,304.00 |
|
5,200.00 |
|
|
|
8,050.00 |
0.00 |
0.00 |
|
112 - TASFAA Training Series |
|
|
|
|
|
11,440.00 |
|
4,000.00 |
8,450.00 |
8,450.00 |
|
TASFAA Training Series - Sponsorship |
|
|
|
|
11,440.00 |
|
|
11,600.00 |
11,600.00 |
|
|
114 - District Sponsorship |
|
3,594.89 |
|
1,468.10 |
|
|
|
|
|
|
|
115 - Website Ads |
|
15,000.00 |
|
13,750.00 |
|
8,000.00 |
|
5,000.00 |
4,000.00 |
4,000.00 |
|
Membership |
|
|
|
|
|
|
|
|
14,000.00 |
14,000.00 |
|
NAOW |
|
|
|
|
|
|
|
|
1,800.00 |
1,800.00 |
|
Total
Income |
|
$226,681.59 |
|
$205,391.79 |
|
$ 208,103.44 |
|
$171,705.52 |
121,575.00 |
114,375.00 |
|
% of
Income Reduction from 05-06 |
|
|
|
-9.00% |
|
-13.24% |
|
-26.30% |
-46% |
49.54% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
200
- President |
|
5,609.12 |
|
5,204.38 |
|
4,993.05 |
|
6,111.30 |
6,000.00 |
6,000.00 |
|
201 - President Elect |
|
1,836.84 |
|
158.09 |
|
1,066.41 |
|
1,100.93 |
1,000.00 |
2,000.00 |
|
202 - Executive Board |
|
20,785.04 |
|
22,327.21 |
|
23,469.64 |
|
22,983.62 |
18,000.00 |
18,000.00 |
|
203 - Secretary |
|
149.78 |
|
|
|
594.13 |
|
515.12 |
500.00 |
500.00 |
|
204 - Treasurer |
|
1,242.46 |
|
673.91 |
|
498.52 |
|
770.87 |
1,000.00 |
1,500.00 |
|
205 - District Reps |
|
4,091.97 |
|
1,868.79 |
|
|
|
|
0.00 |
0.00 |
|
207 - Government Relations |
|
|
|
|
|
|
|
|
1,500.00 |
1,500.00 |
|
209 - Association Governance |
|
226.83 |
|
132.44 |
|
984.74 |
|
|
500.00 |
500.00 |
|
Budget
and Finance |
|
|
|
|
|
|
|
|
100.00 |
100.00 |
|
210 - Awards |
|
2,185.13 |
|
2,044.95 |
|
2,491.14 |
|
2,203.55 |
2,200.00 |
2,200.00 |
|
211 - Outreach/Fin. Aid Awar |
|
|
|
89.81 |
|
|
|
|
0.00 |
0.00 |
|
212 - Historian |
|
73.55 |
|
17.67 |
|
58.37 |
|
|
100.00 |
100.00 |
|
213 - Nominations Comm |
|
147.98 |
|
|
|
183.68 |
|
20.00 |
100.00 |
100.00 |
|
215 - Site Selection Comm |
|
|
|
|
|
|
|
|
100.00 |
100.00 |
|
216 - TASFAA Advisory Com TSAC |
|
1,531.13 |
|
440.46 |
|
|
|
|
500.00 |
500.00 |
|
217 - Diversity |
|
|
|
|
|
500.00 |
|
|
0.00 |
0.00 |
|
218 - Training |
|
11,227.56 |
|
8,994.13 |
|
13,090.94 |
|
12,860.58 |
7,500.00 |
7,900.00 |
|
219 - Fall Conference |
|
50,244.37 |
|
65,025.73 |
|
46,957.24 |
|
45,155.34 |
0.00 |
0.00 |
|
220 - Spring Conference |
|
62,547.65 |
|
48,614.82 |
|
68,298.10 |
|
47,630.13 |
48,000.00 |
48,000.00 |
|
221 - Newslette/Public Rel |
|
2,808.00 |
|
1,216.94 |
|
|
|
|
100.00 |
100.00 |
|
223 - Internship Counselor Proj |
|
5,064.98 |
|
5,476.93 |
|
5,264.36 |
|
|
0.00 |
0.00 |
|
225 - 'Ann Tinnon Memorial Sch' |
|
|
|
2,000.00 |
|
2,000.00 |
|
1,000.00 |
2,000.00 |
2,000.00 |
|
226 - President's Contingency |
|
2,100.06 |
|
2,976.66 |
|
|
|
300 |
13,600.00 |
3,000.00 |
|
227 - Misc. Expense |
|
425.52 |
|
689.45 |
|
39.69 |
|
355.02 |
1,025.00 |
1,025.00 |
|
228 - Prior Administration Exp |
|
|
|
2,000.00 |
|
1,954.74 |
|
|
0.00 |
0.00 |
|
229 - Membership Committee |
|
194.83 |
|
198.15 |
|
394.91 |
|
229.35 |
250.00 |
250.00 |
|
230 - Electronic Services |
|
5,974.00 |
|
5,550.00 |
|
6,700.00 |
|
6,355.00 |
7,500.00 |
7,500.00 |
|
231 - SASFAA Local Arrangements |
|
144.12 |
|
10,306.28 |
|
|
|
|
0.00 |
0.00 |
|
232 - Transfer to Reserves |
|
4,351.72 |
|
0.00 |
|
|
|
|
0.00 |
0.00 |
|
234 - NASFAA Leadership Conf |
|
1,417.93 |
|
1,552.43 |
|
364.00 |
|
1,573.98 |
3,000.00 |
3,000.00 |
|
235 - Leadership Development |
|
3,500.00 |
|
|
|
|
|
|
0.00 |
0.00 |
|
237 - Insurance and Bonding |
|
1,580.00 |
|
1,889.00 |
|
1,894.00 |
|
1,897.00 |
2,000.00 |
2,000.00 |
|
238 - Technology Reserves |
|
2,624.10 |
|
|
|
|
|
|
0.00 |
0.00 |
|
239 - Mentoring |
|
|
|
791.02 |
|
|
|
|
500.00 |
1,000.00 |
|
240 - State Programs Committee |
|
|
|
|
|
|
|
|
0.00 |
0.00 |
|
241 - TASFAA Project Developmt |
|
|
|
|
|
|
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
1,000.00 |
|
242 - Accounting and Taxes |
|
|
|
|
|
7,799.06 |
|
4,582.00 |
4,500.00 |
4,500.00 |
|
999 - Carry Forward |
|
|
|
|
|
|
|
|
|
|
|
Total
Expenses |
|
$192,084.67 |
|
$190,239.25 |
|
$ 189,596.72 |
|
$155,643.79 |
$ 121,575.00 |
$114,375.00 |
|
Net
Income |
|
$
34,596.92 |
|
$
15,152.54 |
|
$
18,506.72 |
|
$
16,061.73 |
$ 0.00 |
$ 0.00 |
Attachment C
TN Assoc. of Student Financial Aid Administrators
Balance Sheet
As of July 23, 2009
Total
ASSETS
Current Assets
Bank Accounts
TASFAA INC Regular Checking 39,278.65
TASFAA Inc. Interest Bearing 37,312.21
Total Bank Accounts $76,590.86
Other Current Assets
Undeposited Funds
2,000.00
Total Other Current Assets $2,000.00
Total Current Assets $78,590.86
Other Assets
Regions TASFAA CD # 17 Mat 8/22/2010 2.47% 25,012.98
Regions TASFAA CD # 19 Mat 11/29/09, 2.23% 35,963.07
Regions TASFAA CD #21 Mat 8/31/2009 1.49% 59,739.03
Regions TASFAA CD #24 Mat 9/24/09, 3.50% 48,010.40
Total Other Assets $168,725.48
TOTAL ASSETS $247,316.34
LIABILITIES AND EQUITY
Liabilities
Total Liabilities
Equity
Opening Bal Equity 202,603.14
Retained Earnings 45,017.68
Net Income
-304.48
Total Equity $247,316.34
TOTAL LIABILITIES AND
EQUITY $247,316.34
Attachment D
From: Sean Johnson
[mailto:seanjohn71@me.com]
Sent: Sunday, July 05, 2009 2:43 PM
To: Marian Huffman
Subject: Re: TASFAA
Marian;
I am so sorry things happened really quickly. Please accept
this email as my official resignation to the TASFAA Board for the 2009-10 year.
I will not be able to fulfill my commitment as the Electronic Services Chair
due to accepting a position in
Thank you for your support.
Sean Johnson