February2013 Spotlight

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A bulletin distributed after each Board of Governors’ meeting for use in district newsletters, websites and meetings. For more information, contact the SEANC Communications/PR Department at 800-222-2758 or 919-833-6436. The Spotlight can be found on the SEANC website, www.seanc.org, under “News/Publications.”

The Board of Governors (BOG) met on Feb. 15-16, 2013, to discuss business important to state employees and retirees.

Treasurer’s Report Treasurer Betty “BJ” Jones reported that SEANC is on solid financial footing in the first quarter of the fiscal year, with receipts at 32 percent and disbursements at 26 percent. Membership receipts are on target with budget expectations. SEANC’s theme park receipts will not start to roll in until March, when sales begin. SEANC’s partnership with Purchasing Power is performing above expectations this year as well. Insurance is ahead of its target, with 35 percent of the expected revenue already collected. Jones also reported that SEANC has paid off the mortgage debt on its central office property in Raleigh. The board cheered the news, but Jones reminded everyone that SEANC still has a severe deficit in its required reserve funds, and needs to continue to be frugal because of threats to payroll dues deduction and other factors.

President’s Report President Sidney M. Sandy started by urging board members to start scheduling their annual meetings as soon as possible so SEANC’s staff and officers can attend. He also reminded board members to let Benevolence Committee Chairwoman Doranna Anderson know when there is a death in their district.

Sandy announced that the beneficiary of this year’s community service project at the upcoming convention would be the SECU Family House at UNC Hospitals in Chapel Hill, a project of the State Employees’ Credit Union Foundation that serves as a “home away from home” for patients and families in medical crisis.

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