New Mexico Educational Assistance Foundation (NMEAF)
Board of Directors Meeting

NMSL Board Room
7400 Tiburon ST NE
Albuquerque, New Mexico
Tuesday, October 17, 2017
1:00 PM


I.      Roll CAll – Patricia Sierra

II.    Approval of the Agenda* Chair Pauline Garcia

III.    Introduction of Visitors – Michael Nemelka

IV.   Approval of July 18, 2017 Board Meeting Minutes* Chair Pauline Garcia

V.    Re-Appointment of NMEAF Board Member* Pauline Garcia & Michael Nemelka

      a.   Pauline Garcia;

VI.   Election of NMEAF Board Officers and Audit Committee Membership* Chair Pauline Garcia

      a.   Pauline Garcia, Chair

      b.  Dr. Dan Salzwedel, Vice-Chair

      c.  Eileen Givler, Secretary/Treasurer

      d.  Dr. Dan Salzwedel, Audit Committee Chair

      e.  Gavin Gillette, Audit Committee Member

VII.   Approval of of Appointments of NMEAF Officers* Chair Pauline Garcia

      a.  Michael J Nemelka, President & CEO

      b.  Brad Allpass, Vice President & CFO

      c.  Grace Tackman, Assistant Vice President - HR & Administrative Services

      e.  Lucas Covington, Assistant Vice Presdient - Information Technology

VIII.    Audit Committee Report – Dr. Dan Salzwedel

IX.   Approval of Board Policies* Michael Nemelka

      a.  NMSL Code of Conduct

      b.  NMSL Escheatment Policy

      c.  NMEAF Investment and Cash Management Policy

      d.  NMEAF Purchasing Policy - Revised 10-2017

      e.  NMEAF & NMSLGC Travel Reimbursement Procedures

X.   Ratification of New Mexico Education Council (NMEC)Governance Committee Members* Michael Nemelka

      i.  Jacque Kennedy (NMSU), Chair

      ii.  Hillary Pineda (NM Tech), Vice Chair

      iii.  Jasmine Small-Armstrong (NMMI), Secretary

      iv.  Amanda Martinez (CNM), Scholorships

      v.  Brandon Fields (NMSU), Treasurer

      vi.  Judy Aragon-Ortiz (UNM), Travel

XI.    President's Report – Michael Nemelka

XII.    CFO's Report – Brad Allpass

      a. Approval of 2017-2018 NMEAF/NMSLGC Service Agreement*

      b.  Financial Reports

XIII.  Oranization & Department Reports:

      a.   NMEAF Loan Servicing Operations – Lois Fort

      b.   Sage Resolutions – Elizabeth Joy

      c.   NMSLGC Operations – Melissa Dale

      d.   NMEAC & Community Outreach – Oscar Garcia

      e.   Human Resources & Administrative Services – Grace Tackman

      f.   Information Technology – Lucas Covington

      g.   Project Management – Mike Servatt

XIV.   Other Matters – Michael Nemelka

   Approval of 2018-2020 Board & Audit Committee Meetings Schedule* Chair Pauline Garcia

         1)    Next Board Meeting – Tuesday, January 23, 2018 @ 1:00 PM NMSL Board Room

         2)   Next Audit Committee Meeting – Tuesday, January 16, 2017 @ 2:00 NMSL Board Room PM

XV.   Executive Session* ( Personnel Matters – Section 10-15-1(H)(2) and Potential Litigation - Section 10-15-1(H)(7)

XVI.   Adjournment*


*Board Action