The following are highlights from the KCBA Board of Trustees meeting held on May 20, convened by KCBA President Steven Rovig.
Rovig briefed trustees on efforts during the past year to develop a restated bylaws document, given eight amendments over the past 23 years without an overall review of the underlying document. David Lawson, an associate at Davis Wright Tremaine, was tasked with giving the existing bylaws a thorough review with a goal of better organization, compliance with the Washington Nonprofit Corporations Act, and inclusion of best practices for nonprofit governance.
Lawson reviewed the changes he had proposed and the Board engaged in an initial discussion. Rovig then encouraged trustees to continue their review of the materials for additional discussion at the June board meeting.
Rovig reviewed his recent presentation to the King County Bar Foundation trustees, discussed the April diversity meetings with representatives of the Seattle University and University of Washington schools of law, reported on the past presidents' breakfast reunion, and highlighted the May 5 new member mixer event.
Executive Director Andrew Prazuch noted that with the closing of the filing period for judicial elections, no contested elections would be on the 2015 election ballot. He reported on staff vacancies and recruitment plans. Finally, he thanked vice presidents Kim Tran and Kate Battuello for attending with him an upcoming leadership training program on exceptional boards.
Treasurer Jennifer Payseno reported as of March 31, the end of the first nine months of the fiscal year, KCBA had received $2.7 million in revenue, with $2.2 million in expenses, for net income of $514,000. In addition, the Association has $1.4 million in cash and cash equivalents and $866,000 in reserves.
Payseno and Prazuch reviewed the proposed fiscal year 2016 work plan and budget. The proposal would include a balanced budget for the upcoming year with the use of some carryover funds from the current fiscal year. Trustees were asked to review the materials during the next month so that the plan and budget could be considered for adoption at the June board meeting.
Finally, the Board adjourned to executive session to conduct Prazuch's annual performance evaluation.
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