PSA: Safeguarding Our Finances

This week your Board of Directors met to review our budget and consider ways of reducing our overhead. Our goal was to ensure that we have sufficient funds available should we need to hire a consultant to help in a code or standards situation. This goal has become more important following the loss of some members who did not renew for FY 2014.

As a result, the board approved a motion at this week’s meeting to change from monthly to quarterly board meetings, effective January 1, 2014. By eliminating eight board meetings we will also then reduce the time our association management company spends on this primary activity (scheduling meetings, sending reminders, participating in the meetings, taking minutes, posting minutes on the Members Only website), and our monthly management fee. We appreciate the flexibility Executive Director Bob McLean and his firm, REM Association Services, has afforded us by agreeing to this new contract. This change will reduce our monthly fee from $1,299 to $900.

The board will meet in December before moving to the quarterly meeting schedule. Our plan is to meet in January, April, July, and September. We also plan to continue with our virtual annual meeting, which we also will hold sometime in September. Next month we hope to set the date for the annual meeting. If there are dates we should work around because of industry events you plan to attend, please let Bob know by email (bmclean@plsafety.org). We welcome your suggestions on topics or speakers we can include on the agenda for this event.

Thank you for your continued participation in the association. We look forward to a successful 2014. If there is any way we can enhance the value of membership to your firm, I welcome your suggestions.

Al Carlson
President
PSA Board of Directors

What’s the economic forecast for 2014? You can ready one organization’s projections on the Members Only page of our website. We’ve restructured this page and have added a new “Members’ Library” subsection, where you’ll find this report. It’s a PDF file you can download by clicking on the link. The information comes from Reed Construction Data, a registered provider with the American Institute of Architects Continuing Education Systems. Thanks to Charles Barlow for providing this first document.

Do you have a document to share with the group we can put in the library? If you do, please send it to me by email (bmclean@plsafety.org). All documents must be approved by the Board of Directors before we post it.

REM

Bob McLean, CAE
Executive Director
Photoluminescent Safety Association
2001 Jefferson Davis Highway, Suite 1004
Arlington, VA  22202-3617
p 703-370-7435
f 703-416-0014
bmclean@plsafety.org
www.plsafety.org