Board's Action

Context

Finances

Received financial statements as of Feb. 29, 2012.

As of Feb. 29, 2012, net assets increased by $880,000 from the prior year. NASW’s total asset position is $14.8 million. The total value of the Association’s investments was $11.3 million, an increase of $231,000 from our position in February, 2011. This was due to strong investment gains. Expenses year-to-date totaled $10.9 million, an increase of $465,000 from the prior year. Total operating revenue exceeded operating expenses by $768,000.

Approved the FY 2012-13 budget plan.

The approved budget has a revenue and expense ceiling of $17,500,139.

Program

Approved the FY 2012-13 program plan.

NASW operates with a yearly program plan that is linked to the budget. Using Delegate Assembly goals and imperatives approved by the Social Work Congress, program goals are developed and translated into program activities.

Governance

Approved the consent agendae.

Minutes of the Jan.19, 2012, board of directors’ meeting, President Anastas’ nomination to serve as Regional President of North America, Executive Committee of IFSW, and the Endorsement of The Global Agenda on Social Work and Social Development.

Presidential candidate endorsement.

The board accepted a resolution to formally endorse President Barack Obama in the 2012 presidential election.