KVMA EXECUTIVE BOARD MINUTES (CONT.)
Contact congress members to make veterinary loan repayment program tax-free. It is currently taxed at 39%. Te medical profession is tax-free.
Government Relations Torture bill that was introduced making it a felony offense.
KVTA • National exams for Clinical Pathology will be given at MAVC • Techs leave practices - #1 under-utilization - Pay scale compared to assistant
• New veterinary nurse initiative • LMU offering Masters of Veterinary Clinical (similar to physician’s assistant).
Motion to adjourn, Dr. Jason Rodgers, second by Dr. Ben Redmon.
KVMA Executive Board Meeting Vincenzo’s- 150th South 5th St. Louisville, KY 7:00 PM Eastern time Tursday, September 23rd, 2021
1. CALL TO ORDER In Attendance: Debra Hamelback, Jason Rodgers, Brigette Dean-Hines, Ben Redmon, Katie Flynn, Lauren Mirus, Jim Weber, Ernie Martinez, Matt McGlasson, Debra Shoulders, Bonnie Barr, Consuela Reinhart, Tammy Smith, Lee Cundiff, Kelly Giesbrecht, Wade King, Lynn Cassone, Lauren Turley, Stephanie Crowe, Barbie Papajeski, Frank Vice 2. CONFLICT OF INTEREST – None Acknowledged 3. Dr. Shoudler’s welcome and introduce everyone in attendance.
4. Previous Minutes A. August 11th, 2021 minutes • Motion to approve previous minutes. (Dean-Hines); 2nd (Reinhart) Vote: Minutes APPROVED.
5. FINANCIAL BUSINESS A. Treasury Report – Dr. Wade King • All accounts are in good standing
B. Investment Report – Dr. Wade King • All accounts have continued to do well in the current markets.
C. CPA Report – Dr. Wade King • Our current CPA of several years is no longer performing audits. • Contacted Greg Miklavcic, at partner with a local accountant firm Charles T Mitchell for recommendations. 1. Given that our board is active, we have safeguards in place, we do not accept government monies, and our by-laws do not require a yearly audit, he would recommend we consider a review every 3 years.
2. Most nonprofits they work with have moved away from annual audits.
• Offered three options 1.
2.
Audit • Most exhaustive, but offers most assurance
Review • Offers less assurance than an audit • Accountant reviews tax documents with management for anomalies • Reviews tax document to ensure adequate backups have been made. • Generates a report to present to board members.
3.
Compilation •
Least assurance
• Compiles records from management to formulate financial statements currently found in audit report
• Cost: Currently pay $6,250 plus tax prep for annual audit 1. Review is generally ½ price of audit 2. Compilation is generally ¼ price of audit
Continued on pg. 32 Fall 2021 31
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44
