Recommendation 3 1 Dues for first and second year in practice members will be set to 50% and 75% of full Active Member 2 dues, respectively. 3 4 Board members had several questions regarding specific line items in the proposed budget, which were 5 addressed by staff. After all items had been addressed, the following motions were made:
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MOTION (APPROVED)
APPROVE THE 2021 RECOMEMNDATIONS FROM THE LSMS BUDGET AND FINANCE COMMITTEE AS PRESENTED.
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2019 Audit Report
14 Jonathan Clark, CPA, joined the LSMS Board meeting via Zoom to review the results of their 2019 15 audit of the LSMS and its subsidiaries. Mr. Clark explained the audit contains the consolidated financial 16 statements of the LSMS, as of December 31, 2019. Mr. Clark informed the board that the audit 17 confirmed all standard accounting procedures were properly followed and documented throughout the 18 year. The auditing firm gave the LSMS an unqualified or clean opinion. This opinion means there are 19 no qualifications associated with the findings of the audit. Following discussion, a motion was approved 20 without objection: 23 ACCEPT AND FILE THE 2019 AUDIT REPORTS OF THE LSMS AND ITS SUBSIDIARIES 24 AS PREPARED BY LA CHAMPAGNE AND CO., LLC. 21 22 MOTION (APPROVED) 28 Mr. Williams reminded board members that during previous board meetings, they had discussed, in 29 concept, a virtual process that could potentially supplant pieces and parts of the current House of 30 Delegates structure. Nothing was ever approved as this gave some board members pause. Therefore, 31 the Speakers and executive staff have been working on a revised virtual solution that compliments the 32 current House of Delegates without replacing any of it. Mr. Williams stated it should make the House 33 more efficient and effective overall. The proposed name of this new process is the LSMS Membership 34 Virtual Engagement Portal or MVEP. The proposed process will allow any LSMS member to submit a 35 resolution or issue at any time throughout the year via an online portal located on the society’s website. 36 Resolutions submitted in this manner will be reviewed by LSMS Councils, Committees, and potentially 37 the Board of Governors in between or in advance of the House. It is possible that some of these 38 resolutions, if they do not require a bylaw change, could be approved, and implemented immediately. 39 Any resolution that requires a bylaw change can only be disposed of by the House itself. However, we 40 would encourage all delegates to submit resolutions via this new expedited process so that bylaws and 41 policy changes can be refined prior to the House of Delegates allowing more time debating the merits of 42 resolutions as opposed to wordsmithing. After some discussion, the following motion was made: 25 26 27 Membership Virtual Engagement Portal (MVEP)
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MOTION (APPROVED)
APPROVE IMPLEMENTATION OF THE LSMS MEMBERSHIP
VIRTUAL ENGAGEMENT PORTAL.
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