Board's Action

Context

Finances

Approved pre-audited financial report for period ending Aug. 31, 2011.

For the two months ending Aug. 31, 2011, NASW’s total asset position was $14.2 million. Overall, assets increased by $838,000 from the same time last year due to long-term investments. Revenue year to date was $3.3 million, which exceeded revenue from the same time last year by $125,000. For the two months ending Aug. 31, 2011, total operating revenue from the same time last year exceeded operating expenses by $710,000 which represents an $18,000 improvement from the prior year and a $66,000 improvement over budget.

Governance

Delegate Assembly Task Force.

The President established a Delegate Assembly Task Force to review the purpose of Delegate Assembly and explore alternative ways for accomplishing the same goals and functions, including adopting public and professional policies, and program priority goals while encouraging active involvement from all interested members.