0) Call to Order

President Sokolski noted that a quorum was present and called the meeting to order at 9:09 a.m.

1) Approval of the February 12, 2002 Meeting Minutes

Mr. Sokolski asked for comments on the minutes of the February 12, 2002 FAE Trustees meeting. There being none, Mr. Riley moved that the revised minutes be approved. Ms. Newman-Limata seconded. The motion carried unanimously.

2) Adoption of the FAE Operating Budget for 2002-03

The Board of Trustees discussed the proposed FAE operating budget for the fiscal year 2002-03. Mr. Sokolski noted that the revised budget included a revised deficit of $594,500. Mr. Schmelkin explained that the budget reflected the direction and changes suggested by the Trustees during the February 12, 2002 meeting, including:

• A 10 percent increase in the estimated attendance, matching the attendance figure FAE had for the prior year;
• Increased revenues from the restored fee for evening technical sessions; and
• Inclusion of royalty income of approximately $150,000 due in October from E-MIND when FAE’s 3-year contract with the online CPE provider expires.

Mr. Riley moved that the FAE Trustees adopt the proposed FAE operating budget for the 2002-03 fiscal year. Ms. Fierstein seconded. Following discussion, the motion carried without objection.

3) Video Conferencing Proposal

The Trustees had previously requested information about technology -based program delivery as an alternative to traditional group study sessions. They discussed a report prepared by the Society’s chief technology officer, Kevin Lewis, addressing the possibility of FAE-developed programs to be delivered through video conferencing. Mr. Grumet noted that FAE and the Society have the technology ready to provide video-delivered programs, but that FAE’s constituents were not yet ready to receive video conference programs.

By consensus, the Trustees agreed that FAE refrain from developing video conferencing programs, and directed staff to investigate the practicality of developing web-casting programs.

4) Future Meetings

By consensus, the Trustees agreed to coordinate through Mr. Schmelkin via e-mail the scheduling of a meeting in May.

5) Adjournment

Following a motion to adjourn by Mr. Riley, which Ms. Golden seconded, the Trustees voted to adjourn the meeting at 10:05 a.m.