The American Council of the Blind (ACB) Board of Directors met virtually via Zoom on Monday, December 4 and Monday, December 11, 2023, with the primary objective being to review and approve the 2024 ACB operating budget and 2024 ACB Conference and Convention budget. First Vice President David Trott called the 12/4/23 portion of the meeting to order at 7:05 PM Eastern Time.
Roll Call: Denise Colley, Secretary
At the call of the roll, the following Board members were present: Deb Cook Lewis, David Trott, Ray Campbell, Denise Colley, Michael Garrett, Kim Charlson, Chris Bell, Donna Brown, Gabriel Lopez Kafati, Cecily Laney Nipper, Terry Pacheco, Doug Powell, Rachel Schroeder, Kenneth Semien, Koni Sims, and Jeff Thom.
Board of Publications Member Penny Reeder was present representing that body.
Staff present: Dan Spoone, ACB Interim Executive Director, Nancy Marks-Becker, Chief Financial Officer.
Review and Approval of Agenda: David Trott, First Vice President
First Vice President Trott reviewed both segments of the agenda.
Bell moved and Semien seconded a motion to approve the agenda. The motion carried.
Review and approval of the 2024 ACB Revenue Budget: Nancy Becker
Nancy Becker presented the Revenue side of the 2024 ACB Budget.
Projected Revenue: $1,577,700.
There being no Board recommended changes, Powell moved and Garrett seconded a motion to approve the ACB Revenue side of the Budget in its entirety as presented. The motion carried.
Review and Approval of the 2024 ACB Conference and Convention Budget
Nancy then presented the Revenue and Expense sides of the 2024 ACB Conference and Convention Budget.
Total Projected Convention Revenue: $532,500
Total Projected Convention Expense: $319,600
Total Convention Profit: $212,900
There being no Board recommended changes, Campbell moved and Charlson seconded a motion to approve the 2024 ACB Convention Budget in its entirety, as presented. The motion carried.
Recess ACB 2023 Budget Meeting:
There being no further business, it was moved by Brown and seconded by Powell that the Board meeting be recessed until Monday, December 11 at 7:00 p.m. Eastern time.
The meeting recessed at 8:15 PM. Eastern time.
Call to Order Out of Recess ACB 2023 Budget Meeting:
The ACB Board of Directors was called to order by President, Deb Cook Lewis and reconvened at 7:00 PM. Eastern time on Monday, December 11, 2023.
Roll Call: Denise Colley, Secretary
At the call of the roll, the following Board members were present: Deb Cook Lewis, David Trott, Ray Campbell, Denise Colley, Michael Garrett, Kim Charlson, Chris Bell, Donna Brown, Gabriel Lopez Kafati, Cecily Laney Nipper, Terry Pacheco, Doug Powell, Rachel Schroeder, Kenneth Semien, Koni Sims, and Jeff Thom.
Board of Publications Member Penny Reeder was present representing that body.
Staff present: Dan Spoone, ACB Interim Executive Director, Nancy Marks-Becker, Chief Financial Officer.
Review and Approval of the September 30, 2023 ACB Fall Board of Directors Meeting Minutes: Denise Colley, ACB Secretary
Two small corrections were made to the minutes, to correct the misspelling of Koni Sims name, and changing the word projectory to trajectory. It was moved by Bell and seconded by Brown to approve the minutes as corrected. The motion carried.
Review and Approval of the Executive Director Job Description: Deb Cook Lewis, ACB President
The updated job description for the Executive Director position was presented to the Board for review and approval by the Executive Director Search Committee. The only suggestion that was made was to add the letter A for accessibility to (DEIA) in the sentence under responsibilities that reads Promotes a Diversity Equity Inclusion and Accessibility (DEIA) conscious culture throughout the ACB organization.
Deb said that once the job announcement is approved, it will be shared in several venues, and the public job announcement is slated to be sent out by January 3.
It was moved by Campbell and seconded by Schroeder to approve the draft position description. The motion carried.
Review and Approval of the 2024 Expense Budget: Nancy Becker, ACB Chief Financial Officer
ACB Chief Financial Officer Nancy Marks-Becker presented the expenditure side of the 2024 ACB Budget.
Total Projected Expense: $2,493,300
Total Deficit from operations: $915,600
There being no Board recommended changes, it was moved by Trott and seconded by Powell to approve the expense side of the ACB 2024 budget. The motion carried.
Investment Accounts Information:
The investment accounts values were reviewed. The cashflow for 2024 was reviewed and the board was asked to approve the withdrawal of up to $200k to meet operating needs in 2024. It was moved by Brown and seconded by Sims to approve the withdrawal of up to $200k to meet operating needs in 2024. The motion carried.
Review and Approval of Total 2024 ACB Budget - Entire Board
It was moved by Campbell and seconded by Semien that the ACB Board approve the total ACB 2024 budget in aggregate. The motion carried.
There being no further business the meeting was adjourned at 9:24 PM Eastern time.
Denise Colley
Secretary
Date submitted: 1/21/2024
Date Approved: 1/31/2024