December Quarterly Board Meeting
FOUNDATION MEETING
December 11, 2007
Crystal/Diamond Room
Northfield Inn, Springfield, Illinois
Roll Call:
Present                                                                       Absent                                     .
Terry Davis, President, NACD Delegate
James Todd, Vice President, NACD Alternate
Aaron Ferguson, Secretary
Rollie Spaniol, Treasurer
Jerry Snodgrass, Area I VP (Also representing Council 2)
                                                                                    Darrell Roegge, Area II VP         
John Beckhart, Area III VP          
Norbert Rider, Area IV VP
                                                                                    Phil Fossler, Council 1
                                                                                    Terry Bogner, Council 2
Lee Bunting, Council 3
Larry Sterett, Council 4
Van Bitner, Council 5
                                                                                    Vacant, Council 6
                                                                                    Jim Bell, Council 7
                                                                                    David McCormick, Council 8
                                                                                    Kenneth Suslee, Council 9
Dale Jahraus, Council 10
Emery Oesch Council 11
Don Beisiegel, Council 12
Jake Klein, Council 13
Tom Anderson, Council 14
Kenny Vosholler, Council 15
James Singer, Council 16
Richard Nichols, AISWCD
Erin Pate, AISWCD
Stacy Stremsterfer, AISWCD
Jim Nelson, AISWCD
Sarah Dillman, AISWCD

President Terry Davis called the meeting to order at 8:13 a.m.

Secretary Aaron Ferguson took roll call.

Approve the Agenda
Terry Davis asked if funds, in the amount of $42,000 from the Grand Victoria Foundation agreement to update the Urban Manual ($42,000) needed to be transferred to the General Fund from the Foundation.  Rich Nichol stated the funds should be transferred. 

Rollie Spaniol made a motion to move the principal amount of $42,000 from the agreement to the General Fund, discussion was held concerning interest earned on the funds and if the interest should be transferred as well.  Motion failed due to lack of a second. 

Lee Bunting made a motion that the Treasurer be granted the latitude to transfer funds from the Foundation to the General Fund, as funds are needed for the grant.  Jerry Snodgrass amended the motion to stipulate that the guidelines of the grant regarding interest earned be followed and if no policy was in the agreement the interest would stay in the Foundation as interest income.  Larry Sterett seconded the motion, MCVV.

Approval of Minutes
Stacy Stremsterfer stated that Phil Fossler requested to be marked as present not absent from the September Foundation meeting.  Jerry Snodgrass requested to also be shown representing Council 2 in Terry Bogner’s absence at the September Foundation meeting.  Emery Oesch made a motion to approve the minutes with the changes, seconded by Norbert Rider, MCVV.

Old Business
ICCI
Rich Nichols stated there was nothing new to report.

New Business
Financials
Larry Sterett made a motion to approve the Foundation financials, seconded by Dwayne Proctor, MCVV.

McKibben Scholarship
Rollie stated the Financial Focus Area Committee approved the scholarship to be offered at $500.  Rollie made the motion to approve the McKibben Scholarship in the amount of $500, seconded by Kenny Vosholler, MCVV.

Adjournment
Larry Sterett made a motion to adjourn, seconded by Don Beisiegel, MCVV.