Bill Hogelin, Chapter Chair, convened a regular meeting of the Chapter's Management Committee at 11:45 a.m., on 09 October 08, at LogSec Corp in Eatontown, NJ.

Bill Hogelin, Bob Featheringham, Ken East, Steve Bromka, MAJ Paul MCCullough, Rich Nichols, Ann St. Germaine

Reports were presented by:

Bob Featheringham - VC Finance

Steve Bromka – Publicity

Ann St. Germaine – Newsletter

Rich Nichols - Programs

Since Jeannie Allerton was absent, no minutes were read from the last committee meeting. The committee reports were abbreviated so the new fiscal year budget could be addressed and voted upon.

Bob Featheringham had the contract in hand for the next 3 luncheon meetings at the Sheraton to be held on 21Oct08, 18Nov08, and 16Dec08. If we decide to cancel a meeting, we need to give the Sheraton at least 14 days notice. For the new fiscal year, the luncheon meeting fees for members will now be $10.00 and for non-members will be $25.00.

Steve Bromka stated that the website domain name and web hosting bill has been paid.

Ann St. Germaine passed out the newsletter draft for review. Rich O’Donnell will submit articles so that the drafts from April to September 2008 can be completed. The regular monthly newsletters through to March 2009 will be prepared. That way our Chapter will have newsletter coverage for all 12 months.

Rich Nichols reported that he has a speaker lined up for the 21Oct08 meeting. He is working on the next 2 meetings.

Bob Featheringham reviewed last year’s actual income and expenditures for FY 08 that ended on 30Sep2008. The Chapter had an exceptional year due mainly to the large attendance at the Symposium held in May. Our ending balance is $41,303.68. Next week Bob will review the books with an auditor and will send SOLE headquarters our signed Chapter Annual Financial Report.

MAJ McCullough suggested that some of these monies be placed in and interest bearing account. Bob stated that the account is set up; it was deactivated several years ago when the monthly maintenance fees exceeded the interest earned. He took the action to reactivate it.

Bob then reviewed the proposed FY 2009 budget. Most items were accepted as proposed, but the Management Committee made several changes:

1. The number of assumed membership transaction for new and renewal members was increased from 75 to 90. This has the effect of increasing the Membership Subsidy to $8550.00.

Motion to accept the budget was made by Ken East and seconded by MAJ McCullough. It passed unanimously.

The meeting was adjourned at 1:35.

Respectfully submitted:

Ann St. Germaine for Jeannie Allerton

Chapter Secretary