2011 Annual Meeting of Members Board of Directors

DRAFT 

MINUTES 

ANNUAL MEETING OF MEMBERS 

AND 2011-12 BOARD OF DIRECTORS MEETING 

FRIDAY, JUNE 24 AND SATURDAY, JUNE 25, 2011 

OMNI FORT WORTH HOTEL; FORT WORTH, TX 

I. AWARDS LUNCHEON. 2010-2011 Immediate Past Chairman, Jeff 

Gregg, welcomed everyone to Fort Worth at 12:20 pm. He asked Steve 

Goodman, Chair of the Awards Committee, to come to the podium. Mr. 

Goodman presented the following awards: 

Award Recipient 

Meritorious Service to the Profession E. Leroy Bolt, CPA-Abilene 

Distinguished Public Service James R. Oliver, Jr., CPA-San Antonio 

Outstanding Committee Chair Edward M. Polansky, CPA-San Antonio 

Young CPA of the Year Melanie C. Geist, CPA-San Antonio 

Honorary Fellow (Motion approved)* Robert D. Clyde, CPA-Dallas 

Honorary Fellow (Motion approved)* Melanie G. Thompson, CPA-San Antonio 

Honorary Fellow (Motion approved)* Claude R. Wilson, Jr., CPA-Dallas 

*(Note: Two votes required. A unanimous vote of the 2011-2012 Board of 

Directors to nominate and then a unanimous vote of the members present 

to elect.) 

50-Year Fellows 

TSCPA past chairman (2009-2010), Kym Anderson, presented 50-year 

Fellow certificates to the following members for 2009-2010: 

David Brass 

Mark Lawley 

Bob Morrow 

Tom Roberts 

Nayland Smith 

Bobbie Wolfe 

Mr. Gregg presented 50-year Fellow certificates to the following members 

for 2010-2011: 

Bill Armstrong 

Buddy Barziza 

Harold Harmon 

Barton Head

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ANNUAL MEETING OF MEMBERS AND 2011-2012 BOARD OF DIRECTORS 

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Jim Jenkins 

John Ohlenbusch 

Hank Pearson 

Ed Pickett 

Joe Rye 

Douglas Webb 

Bette Williams 

John Zimmerman 

Mr. Goodman recognized and acknowledged the members who served on 

the Awards Committee and he encouraged everyone to help identify 

potential future award winners. He turned the podium over to Mr. Gregg 

for the presentation of the Chairman Special Recognition Awards and 

Chairman Citations. 

Special Recognition and Chairman Citation Awards. Mr. Gregg 

presented a special recognition to T. Hardie Bowman, CPA-Corpus 

Christi, for his commitment at the Corpus Christi Chapter to strengthening 

the chapter’s relationship with local universities and encouraging the 

schools to work more closely with the local business community to help 

graduates begin their careers locally. A Special Recognition Award was 

also presented to James D. Ingram IV, CPA-Brazos Valley, for his 

longtime and passionate support of the profession with dedication to 

TSCPA’s regulatory and legislative efforts, including service on the 

TSCPA’s CPA-PAC Committee for eight years, serving as a key person 

since 1998, and member of the TSCPA Legislative Advisory Committee. 

Next, an award was presented to William J. Kelley, Jr., CPA-Permian 

Basin, for his willingness and enthusiasm for involvement in his local 

chapter, as well as the Society and his dedication of time and energy to 

the accounting profession. Mr. Kelley is a member of the inaugural class 

of TSCPA’s Leadership Development Institute. Mr. Gregg awarded a 

Special Recognition to Anthony B. (“Tony”) Ross, Sr., CPA-Austin, for his 

dedication beyond his work as a CPA in industry and for inspiring the 

future of the accounting profession as an adjunct professor. Wendi C. 

Taber, CPA-San Antonio, received a Special Recognition for her hard 

work and dedication as chair of the Information Technology Committee 

and for helping to develop resources for TSCPA’s members to share 

technology advice. Finally, Mr. Gregg presented a Chairman Citation to 

Patty Wyatt, a member of the TSCPA staff, for her outstanding support, 

dedication and professionalism to the TSCPA. Ms. Wyatt serves in 

several roles on some of TSCPA’s most critical initiatives, including the

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Federal Key Person Program, Federal Tax Policy Committee and liaison 

to the Professional Ethics Committee. 

Passing of the Gavel. Following the awards presentations, Mr. Gregg 

passed the gavel to 2011-2012 Chairman, Donna Wesling, for the 

remainder of the meeting. Ms. Wesling asked the members to stand and 

give Mr. Gregg a round of applause for an outstanding year as 

2010-11 TSCPA Chairman. She invited everyone to the 2011-2012 Board 

of Directors Meeting and Annual Meeting of Members at 1:30 pm. 

The Awards Luncheon was adjourned at 1:00 pm. 

II. CALL TO ORDER/WELCOME. Chairman Donna Wesling called to order 

at 1:30 pm the Annual Meeting of Members, the 2011-2012 Board of 

Directors Meeting of the Texas Society of Certified Public Accountants 

(TSCPA), the Accounting Education Foundation (AEF), the CPE 

Foundation and The Accountancy Museum. Executive Board member 

and immediate past president of the Fort Worth Chapter, Lei Testa, 

welcomed everyone to Fort Worth. Ms. Wesling asked the first-time 

attendees and new Board members to stand and be recognized. 

Introduction of VIPs. Ms. Wesling recognized past TSCPA 

presidents/chairmen in attendance as well as Bill Treacy, Executive Director 

of the Texas State Board of Public Accountancy (TSBPA) and keynote 

speaker, Joe Gerstandt. She noted that Congressman Mike Conaway would 

be the keynote speaker on Saturday. 

III. APPOINTMENT OF PARLIAMENTARIAN. Ms. Wesling appointed Ken 

Horwitz as Parliamentarian. 

IV. ASCERTAIN QUORUM. Dora Dyson, Secretary, declared a quorum 

present. 

V. RATIFICATION OF MOTIONS AT AWARDS LUNCHEON. Ms. Wesling 

made the following motion, which was seconded: 

Motion: 

To ratify all actions and motions made at the 2011 Awards Luncheon

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made by Awards Committee Chair, Steven R. Goodman. 

- Motion Approved 

VI. APPROVAL OF MINUTES. Ms. Dyson noted that there were two errors 

in the minutes of the 2011 Midyear Board of Directors meeting on pages 5 

and 6 under the Nominations Committee report. The chapter affiliations 

for Fred Timmons and Charlotte Jungen were incorrect. She made the 

following motion, which was seconded: 

Motion: 

To approve the minutes of the 2011 Midyear Board of Directors 

Meeting held January 25-26, 2011, in Austin, Texas, as corrected and 

presented. 


VII. ELECTION OF ACCOUNTANCY MUSEUM DIRECTORS. Ms. Wesling 

explained that the members of the TSCPA Board of Directors are the 

members of the Accountancy Museum. As the members of the 

Accountancy Museum, they ratify the members of the TSCPA Executive 

Board as the Board of Directors of the Accountancy Museum. Ms. 

Wesling made the following motion, which was seconded: 

Motion: 

That the Board of Directors approves the following individuals as 

directors of the Accountancy Museum: 

Donna H. Wesling 

Fred J. Timmons 

C. Jeff Gregg 

Tracy B. Stewart 

Stephen G. Parker 

Dora J. Dyson 

Sandra Kay F. Brown 

William H. Hornberger 

Mark D. Lee 

James R. Oliver, Jr. 

Jesus Dominguez, Jr.

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Lei D. Testa 

Charlotte M. Jungen 

Kathryn W. Kapka 

Keith Reeger 

John M. Sharbaugh 


VIII. YEAR IN REVIEW. Immediate Past Chairman, Jeff Gregg, presented the 

highlights of the year's activities and accomplishments. His theme for the 

year was “HOME” – Helping Our Members Every Day. Some of the 

many TSCPA initiatives and programs that were realized during the year 

included, but were not limited to, the following: 

� Development of a new Strategic Plan through 2014; 

� Recruitment and retention of B&I members through continued 

initiatives and resources; 

� Creation of the Technology Committee and new technology 

community on the TSCPA web site; 

� Creation of the Ethics Task Force to examine the role of the 

TSCPA Professional Ethics Committee as it relates to the AICPA 

under joint ethics enforcement and the TSBPA to help protect and 

promote professionalism. The task force made several major 

recommendations; 

� 813 new members were recruited in the membership campaign 

from September 15 to December 31, 2010, and 404 new members 

were recruited in the May “mini” campaign; 

� A new member benefit was created in cooperation with the 

Accounting CPE Network (ACPEN). The ACPEN Databank, a 

professional information research tool, was launched that includes 

short videos that answer specific professional issues that a 

practitioner may have and allows members to stay up-to-date with 

the latest industry issues; 

� TSCPA was active during the 82 nd Session of the Texas 

Legislature; and 

� Mr. Gregg visited 18 of TSCPA’s 20 chapters during his term as 

Chairman with one chapter visit scheduled for July. 

Mr. Gregg expressed his gratitude to the members and the TSCPA staff 

for their help and support during his year as Chairman and hoped that he 

made them feel that TSCPA is their HOME.

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IX. TREASURER’S REPORT. Immediate past Treasurer, Rick Baumeister, 

provided a year-end financial report. He recognized the members of the 

Finance Committee and explained the committee’s role and 

responsibilities. 

Mr. Baumeister reported that the Society ended the year with a net 

revenue of $418,463, as compared to a net deficit of ($319,054) budgeted. 

The excess fund balance for the Society was $3,977,989, which is 71% of 

net operating expenses. 

The CPE Foundation ended the year with a net revenue of $119,452, as 

compared to a net deficit of ($151,711) budgeted. The excess fund 

balance was $2,495,051, which is 66% of net operating expenses. 

Mr. Baumeister praised and acknowledged TSCPA CEO/Executive 

Director, John Sharbaugh, CPE Director, Kay Crider, and Controller, 

Steve Phillips and their respective staff for doing an outstanding job. 

X. APPROVAL OF THE 2011-2012 BUDGETS. Tracy Stewart, Treasurer, 

explained the budget process and presented the Society budget for 2011- 

2012. She prepared a pie chart showing how members’ dues are 

allocated. The total net deficit budgeted for 2012 is ($399,455), as 

compared to a net revenue of $418,463 in 2010. The large variance 

included $711,820, of unrealized investment income in 2010. The 

Society’s unrestricted fund balance is projected at $3,579,000, in the 

budget, still within the requirement of 50% of net operating expenses. 

Ms. Stewart stated that the CPE Foundation budget is based primarily on 

the programs offered and there is a decrease from the prior year reflected 

in the budget. A deficit of ($182,000), is budgeted for the 2011-2012 year 

for the CPE Foundation as compared to a net revenue of $120,000 in 

2010. The CPE Foundation unrestricted fund balance at year-end 2012, 

is budgeted at $2,313,000, within the requirement of 50% of net operating 

expenses. 

Ms. Stewart reviewed the capital budget which includes the purchase of 

two servers at $18,000, and new AMS software at $600,000. 

Ms. Stewart made the following motion, which was seconded:

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Motion: 

To approve the 2011-2012 budgets for the Texas Society of CPAs and 

the TSCPA CPE Foundation, and the capital budget for 2011-2012, as 

presented. 


XI. ACCOUNTING EDUCATION FOUNDATION (AEF) REPORT. Rosie Morris, 

Chair of the AEF, presented the Kenneth W. Hurst Fellow to Bette D. Williams, 

CPA-Austin and Jacob B. Bezner, CPA-Dallas for their long-time contributions 

and support of the AEF. Ms. Morris reported on the scholarships that were 

provided to senior and graduate accounting students. Other scholarships 

included recipients of the Jerry and Roslyn Love Scholarship, the James A. and 

Charlotte Ann Smith Scholarship, the Jacob Bezner Scholarship, the Virginia 

Fullwood Scholarship, and the Bette Williams Scholarship. Ms. Morris reported 

that for 2010-11, thirteen Texas students received $39,000, for the AICPA 

Minority Scholarship program. TSCPA donated $10,000, to the program for 

2011-12. Ms. Morris strongly urged everyone to contribute to the AEF and 

explained some of the many ways that contributions can be made. She 

reminded everyone to bid on items in the Silent Auction, the proceeds of which 

are solely for benefitting the AEF. 

XII. KEYNOTE SPEAKER – JOE GERSTANDT. Ms. Wesling introduced 

speaker, facilitator and writer, Joe Gerstandt. Mr. Gerstandt is an 

advocate for resetting the diversity and inclusion conversation and 

believes strongly that a 20th century approach to an increasingly critical 

set of 21 st century business issues can no longer be used. He explained 

why during his very interesting and fast-paced presentation titled, 

“Illuminating the Value of Difference.” Mr. Gerstandt’s presentation 

included a lively audience participation. 

XIII. CPA-PAC AWARDS. James Ingram, IV, Chair of the CPA-PAC 

Committee, thanked all PAC contributors, PAC chapter chairs and 

individuals and firms who contributed to the PAC. He explained how the 

TSCPA builds relationships with legislators who will support issues that 

will affect the accounting profession and CPAs and how financial support 

to the CPA-PAC makes a difference. Mr. Ingram encouraged all members 

to contribute to the PAC.

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Mr. Ingram reported that the following chapters received PAC awards for 

2010-2011: 

Highest Percent Highest Percent 

of Fundraising Goal Increase in Members Contributing 

Large Chapters 

Dallas Chapter 87.8% Fort Worth Chapter 110% 

President: Paul Willey President: Lei Testa 

PAC Chair: Bob Driegert PAC Chair: Steve Newcom and Jeff Eaton 

Medium Chapters 

South Plains Chapter 144.3% South Plains Chapter 169% 

President: Woodrow Boyd President: Woodrow Boyd 

PAC Chair: Mark Dickson PAC Chair: Mark Dickson 

Small Chapters 

Victoria Chapter 134.3% Victoria Chapter 262% 

President: Lynn Miori President: Lynn Miori 

PAC Chair: Mike Wenske PAC Chair: Mike Wenske 

Jerome Kotzur Jerome Kotzer 

XIV. OPEN FORUM. Members were afforded the opportunity to discuss issues 

or topics of their choice during an open forum. 

XV. The meeting was recessed at 5:30 pm until Saturday, June 25. 

XVI. The meeting was reconvened on Saturday, June 25, at 8:30 am. 

XVII. CALL TO ORDER. Chairman Wesling called to order the 2011-12 Board 

of Directors, the CPE Foundation and the Peer Assistance Foundation at 

8:30 am. 

XVIII. ASCERTAIN QUORUM. Dora Dyson, Secretary, declared a quorum 

present. 

XIX. 2011-2012 CHAIRMAN PRESENTATION. Ms. Wesling discussed plans 

for the coming year. She stated that her theme for her year as Chairman

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is: “Strong. Diverse. United.” She discussed some of the ways that she 

plans to accomplish the objectives in the new Strategic Plan, namely, 

Professional Competency; Advocacy; Operational Excellence; and 

Recruitment and Retention. 

Ms. Wesling also discussed her own initiatives, including, but not limited 

to, the following: 

� Involvement of young CPAs in the TSCPA through committee 

appointments, the Young CPAs and Emerging Professionals 

Conference and a newly created “Rising Stars Program;” and 

� Working to enhance the online member communities on the 

TSCPA web site, including the Public Practice community, the 

Ethics community, the IT community and the Business & Industry 

community. 

Ms. Wesling reviewed the various blogs on the TSCPA web site, including 

her own blog (“Donna’s Blog”), John Sharbaugh’s blog (“The Sharblog”), 

the Federal Tax Policy Committee Blog and the Governmental Affairs 

Blog. On the social networking scene, Ms. Wesling discussed the 

TSCPA’s presence on Facebook and LinkedIn and she noted that the 

TSCPA is now tweeting for general TSCPA news and student news. 

A hot topic that is currently being discussed in the accounting profession is 

a new standard for private company financial reporting. Ms. Wesling 

reiterated that the TSCPA, AICPA and other state CPA societies are 

supportive of the AICPA’s Blue-Ribbon Panel recommendations to FAF 

that it establish a separate, independent from FASB, standard-setting 

board under the control of FAF. Ms. Wesling assured the members that 

the TSCPA will continue to be involved in this effort and keep them 

apprised of new developments. 

Ms. Wesling also discussed a new project for the future entitled “CPA 

Horizons 2025” initiated by the AICPA. The hope is that thousands of 

members/CPAs will provide input to the process and the collective 

thoughts of a large number of members will be used to develop a new 

vision for the CPA profession to carry it to year 2025. She encouraged 

everyone to get involved and complete the CPA Horizons 2025 online 

survey and/or participate in a discussion forum. 

In closing, Ms. Wesling asked everyone to be involved and have a good 

time!

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XX. WASHINGTON UPDATE. Ms. Wesling introduced Congressman 

Michael Conaway, who represents the 11 th Congressional District of 

Texas consisting of 36 counties in central and west Texas including 

Midland, Odessa and San Angelo. Mr. Conaway provided a detailed 

update on where our country is today and where it is headed in terms of 

budget, entitlements and debt. 

XXI. REPORT FROM BUSINESS & INDUSTRY (B&I) COMMITTEE. 

Bill Moss, Chair of the B&I Committee, discussed the difficulties that the 

committee has encountered with this diverse segment of the TSCPA. 

Many surveys have been sent to the B&I members to get input about their 

wants and needs. The charge of the committee is to explore and make 

recommendations regarding the specific needs of members in business, 

industry and government, focusing on members’ ability to provide services 

to their employers and enhancing their professional careers. Mr. Moss 

discussed the initiatives that the committee has undertaken, after studying 

survey results and holding various town hall meetings for several years, 

including, but not limited to, the following: 

� There is a B&I section on the TSCPA web site which includes 

“neighborhoods” on education, energy, government, healthcare and 

a functional group titled, “CFOs;” 

� A network of volunteers exists within the neighborhoods who are 

willing to answer questions or find the answers to questions; 

� A virtual tour exists on the web site for ease of using the B&I 

section; 

� A tool for switching from public practice to industry exists, a distinct 

process which aids in the transition for members; 

� There is a B&I LinkedIn group; 

� Roundtable discussions are held at town hall meetings; 

� A B&I member is highlighted on a quarterly basis; 

� A B&I e-newsletter exists titled “E-ssentials;” and 

� There are Webinars from conferences/seminars for providing CPE 

to B&I members. 

XXII. LEGISLATIVE REPORT. Leroy Bolt, Chair of the Legislative Advisory 

Committee (LEC) and Bob Owen, Managing Director, Regulation and 

Legislation, co-reported on the 82 nd Session of the Texas Legislature. The 

TSCPA went into the Session with four specific agenda items which were 

approved by the TSCPA Executive Board (EB) at its November, 2010, 

meeting:

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� Oppose sales taxes on professional services; 

� Fifth-year scholarship funding; 

� Changes to the Accountancy Act; and 

� Sunset review. 

Success was achieved on two of the agenda items, namely, opposition to 

sales taxes on professional services and transferring fifth-year scholarship 

funds to the TSBPA; however, the bill proposing changes to the Accountancy 

Act “died” and sunset review remained as it was at the beginning of the 

Session. The goal was to consolidate the two sunset reviews into one year. 

Mr. Bolt reported in detail on the successes of the TSCPA agenda. 

Mr. Owen reported on the two TSCPA agenda items that were not passed in 

the Legislature. He also reported on budgeting and redistricting and other 

bills that were proposed and the outcome. 

Mr. Owen thanked the members of the LEC, the Legislative Advisory 

Executive Committee, the Legislative Regional Coordinators, Key Persons, 

bill reviewers, State Taxation Committee members and the TSCPA CPA-PAC 

committee members and PAC contributors for their efforts in preparing for the 

Legislative Session. 

In closing, Mr. Owen encouraged everyone to contribute to the PAC because 

the Legislative Sessions begin with fundraising and fundraising is critical for 

TSCPA’s voice to be heard in the Legislature. 

XXIII. OUTSTANDING CHAPTER AWARDS. Tal Glenn, chair of the Chapter 

Coordinating Steering Sub-Committee, explained the selection process for 

chapter awards, recognized all the members for their hard work and 

presented the 2010-11 Outstanding Chapter Awards to the following 

chapters: 

Small Chapter: San Angelo Chapter 

Doug Terrell, President 

Medium Chapter: Corpus Christi Chapter 

Tee Bowman, President 

Mr. Glenn overviewed the 2010-2011 reports received from the winning 

chapters. He thanked all of the chapters for all that they do during the year.

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XXIV. ANNUAL MEETING OF THE TSCPA CPE FOUNDATION. Diane 

Pappas, Vice Chair of the CPE Advisory Board, gave an annual report on 

the CPE Foundation. She noted, among other things, that there is an 

expansive curriculum of CPE and mentioned the many formats in which 

CPE is available to TSCPA members (i.e., live seminars; self-study 

programs; web casts; on site courses; training classes, etc.). Ms. Pappas 

also noted that technology is enabling the CPE Foundation to be a “24/7” 

provider to members to get CPE and information in innovative and flexible 

formats. She overviewed the 2010-2011 CPE highlights. 

XXV. ANNUAL MEETING OF THE TSCPA PEER ASSISTANCE 

FOUNDATION. Patsy Culver, Chair of the TSCPA Peer Assistance 

Committee, presented the annual report of the Peer Assistance 

Foundation. She recognized the members of the Committee and 

explained the purpose of the Peer Assistance Program – the Accountants 

Confidential Assistance Network (ACAN). The program is specifically 

dedicated to helping Texas CPAs, CPA candidates and accounting 

students to battle drug, alcohol and mental health problems. The TSCPA 

is trying to get the message out to members through a multitude of 

communications. Ms. Culver explained the ACAN process for Board 

referrals and that funding is through TSBPA annual grants and TSCPA 

member contributions. She encouraged everyone to get the word out 

even further by inviting Peer Assistance Committee members to make 

presentations at their organizations/firms, chapter luncheons/meetings, 

and other seminars and conferences. The Peer Assistance Program is a 

proven resource for help and it has been a resource for other state CPA 

societies that are interested in establishing a similar program. There is an 

ACAN page on the TSCPA web site for additional information and selfreferrals, 

and more information may be obtained through Craig Nauta, the 

TSCPA ACAN Program Director. 

XXVI. OPEN FORUM. Members were afforded the opportunity to discuss issues 

or topics of their choice during an open forum. 

XXVII. INVITATION TO 2012 MIDYEAR BOARD OF DIRECTORS MEETING. 

Ms. Wesling invited the members to attend the 2012 Midyear Board of 

Directors Meeting on January 20-21, at the Hilton Hotel & Conference 

Center in College Station, Texas. She encouraged the members to make 

their reservations as soon as possible because the room block sells out 

quickly.

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XXVIII. INVITATION TO 2012 ANNUAL MEETING OF MEMBERS & BOARD 

OF DIRECTORS MEETING. Ms. Wesling invited the members to attend 

the 2012 Annual Meeting of Members and Board of Directors Meeting on 

June 29-30, at the Omni Corpus Christi Bayfront Hotel in Corpus Christi, 

Texas. 

XXIX. ADJOURNMENT. There being no further business, a motion was 

approved to adjourn the meeting at 12:30 pm. 

MOTIONS PASSED: 

1. Ratification of motions at Awards Luncheon. 

2. Approval of the minutes of the 2011 Midyear Board of Directors 

Meeting held January 25-26, 2011, at the Sheraton Austin Hotel in 

Austin, Texas, as corrected and presented. 

3. Election of Accountancy Museum Directors. 

4. Approval of the 2011-2012 budgets for the Texas Society of CPAs 

and the TSCPA CPE Foundation and capital budget for 2011-2012.

2011 Annual Meeting of Members Board of Directors

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