USA Track & Field - New England Association
Board of Governors Meeting
McGuinn Hall, Boston College
April 7, 2014
Cathy Utzschneider (guest)
Mike Travers (left before ATR budget vote)
Alex Ivanov (arrived after Sec Rep vote)
John Oleski (arrived after Sec Rep vote)
Laurie Boemker (on phone as of managing director discussion)
Motion to accept March minutes as is. Motion seconded. Motion passed unanimously.
Investment: moving additional $100,000 to Vanguard equity funds. If that number drops, may move only $95K to equities and leave $5K in Vanguard Money market fund.
Mr. Vaitones informed the board that he renewed the Association’s office lease for another two years at the same rate.
Managing director review
At this point Mr Vaitones was asked to leave so that the board could discuss a review of the managing director’s position.
Motion to give Mr. Vaitones a raise
A proposed 3% cost of living adjustment per year retroactively for for past three years (’11-‘13) plus a 5% merit increase retroactive to Jan 1st 2014. Considering his current salary of $49,088, the retroactive adjustments would be as follows:
2011: $1,472.64 retroactive adjustment (new base salary of $50,560.64)
2012: $1,516.82 retroactive adjustment (new base salary of $52,077.46)
2013: $1,562.32 retroactive adjustment (new base salary of $53,639.78)
2014: New base salary of $56,321.77
Motion seconded. Motion passed unanimously.
All Terrain Runner budget proposal:
Motion to accept budget of $11,000 (for marketing, advertising, awards, cash prizes, misc.).
Motion seconded. Motion passed 11-1, with Mr. Garcia voting against and Misters Kuo and Narcisi abstaining.
Next meeting to be held on Monday, May 5th.