The Wisconsin Association of Student Financial Aid Administrators is a non-profit organization that provides support to financial aid administrators and other agencies involved in the administration of financial aid programs in Wisconsin’s postsecondary educational institutions.
The WASFAA Blog
The WASFAA Blog contains updates from the WASFAA President, highlights committee activities and member profiles, and provides articles written by members and guests.
This week the Executive Committee presents to the membership a list of proposed updates to the WASFAA Articles of Association.
The articles may only be changed by vote of the entire membership. Proposals must be presented to the membership 14 days prior to the vote which will be held at the annual business meeting during the spring conference on April 10, 2015.
Six updates are proposed to the Articles of Association. These changes are all recommend to clarify current practice and/or to update to current practice. Please review the proposal document for a detailed description of the changes.
Summary of the Proposed Changes
Update One - Reorders the Treasurer-Elect, Treasurer, and Past-Treasurer information to be in the order in which someone would serve in these positions. Adds the requirement that the Treasurer-Elect and Treasurer positions shall be bonded. Bonding is a type of insurance to protect WASFAA against misuse of funds. And replaces the words "duly audited" with "appropriate audit or review".
Update Two - Reorders the Treasurer-Elect, Treasurer, and Past-Treasurer information to be in the order in which someone would serve in these positions and clarifies the term of service.
Update Three - Adds additional ways in which the Nominations and Elections Committee may inform the membership of the results of an election.
Update Four - Adds the annual budget as a responsibly of the Finance Committee.
Update Five - Strikes the requirement that the Professional Development Committee be chaired by the President-Elect. Adds the requirement that a member of the Executive Committee shall serve on the Professional Development Committee.
Update Six - Adds that a $15 charge is required to hold a retired membership in WASFAA.