Public Page
2023-10-20 Meeting notes
- Paul Barry
Public Page
CIECA 500 Westover Dr #11617; Sanford, NC 27330
Date
Oct 20, 2023
ANTITRUST STATEMENT
As participants in this meeting, we need to be mindful of the constraints of antitrust laws. There shall be no discussions of agreements or concerted actions that may restrain competition. This prohibition includes the exchange of information concerning individual prices, rates, coverages, market practices, claims settlement practices, or any other competitive aspect of an individual company’s operation. Each participant is obligated to speak up immediately for the purpose of preventing any discussion falling outside these bounds.
Agenda
Financials - Sep 2023
CONNEX Financials
2022 Financial Review Audit – In Process
Liability Insurance Update
2024 Budget
Meeting Minutes
Paul shared Sept 2023 financials. We are ahead of budget and in good shape.
One area of concern is two large MSO’s that have had changes in leadership / primary contact in the last year and who don’t understand who / what CIECA is. Driven Brands and Crash Champions. Ashley Dennison is going to check to see if she has any contacts that can help.
We looked at CONNEX 2023 financials which were positive and yielded a $20k profit on the event.
Attendance was up sharply from past years with 150 attendees.
Jeff Dietrich asked if it was more companies attending or more people from existing companies. The answer is both, we had a number of companies who had not attended in the past as well as more attendees from companies who have attended in the past. A positive for the conference.
Paul is working with VonLehman & Associates to conduct a financial review of 2022 in compliance with the bylaws.
Paul is actively working to upload the requested documentation and we expect the audit to be complete by the 4th quarter of 2023.
We have secured a general liability insurance policy which we should have given our conference and board meetings. The cost was $776.
It is time to start working on the 2024 budget. We will use our accounting package (Zoho Books) to generate a budget based on historical numbers and update it to address inflation or other anticipated changes. Paul will share a draft budget with the Finance Committee at our next meeting.
Meeting adjourned.
Action items
Decisions
Participants
@Paul Barry @Ashley.Denison @Greg Best Jeff Dietrich
Participants in the meetings are noted for your information. If you have questions on the committee’s activities, please contact a recent attendee.