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 2006 National Convention & Tax Seminar – Nashville, TN
On behalf of the Mid-Central Chapter, we are delighted to welcome you to our beautiful city as we play host to NSAC's 71st Annual Convention & Tax Seminar in Nashville, Tennessee. Nashville, aka Music City, is best recognized for its musical heritage and the Nashville Sound. A vibrant city, Nashville is also known for its world-class attractions, outstanding cultural scene, and exquisite restaurants.
The landmark Hilton Hotel in downtown Nashville is the location for our annual meeting this year and has joined the ranks of the nation's most prestigious accommodations by continually earning the AAA Four Diamond Award. Discover a host of features, aimed to please business and leisure travelers alike. Relax with the indoor pool and cardio workout facilities or make the most of the full-service concierge and state-of-the-art meeting facilities. You'll find the hotel provides an array of exceptional features.
The Nashville International Airport (BNA) serves as the air transportation hub of Music City with regular flights through 19 different airlines to destinations around the country and abroad. The airport is located 8 miles east of Downtown Nashville near Interstate 40, an easy and convenient trip to the heart of the city. Downtown Express shuttles, taxis, busses, and courtesy hotel shuttles can get you to and from the airport. For more about transportation needs click on
The city enjoys a mild and pleasant climate with only a few days of the year having either very hot or very cold conditions. Most of the city's rain is confined to the spring months, but a shower throughout the year is not unusual. The weather in August usually is 89F/32C and 68F/20C.
We wish to extend a warm and hospitable Nashville welcome to this year's NSAC attendees.
Joanna McClendon
Tennessee Farmers Cooperative
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| HOTEL |
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GETTING THERE/UPON ARRIVAL
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Nashville International Airport
http://www.flynashville.com/
Driving Directions to the Hilton Nashville Downtown…
From Interstate: All interstates (1-65, I-40, I-24) connect to the downtown area. Exit on Broadway (east), and drive toward the downtown area. Take a right on Fourth Avenue. The hotel is one block on the right.
From Nashville International Airport: Start out going South toward the Rental Car Association. Stay straight onto ground transportation. Turn slight right, then turn slight left onto Terminal Acc. Merge onto I-40 W toward Nashville / I-65 / I-24. Take the US-31A S / Second Avenue / US-41A South / Fourth Avenue exit (Exit 210C). Turn right onto Second Avenue South. Turn left onto Demonbreun Street. Turn right onto Fourth Avenue South.
Local Ground Transportation
A variety of transportation services to and from all airports are available for all of your ground transportation needs. You can go to http://www.nashintl.com/ground_trans/default.cfm for further information.
Parking at the hotel is $13 per day self parking for registered hotel guests with "in" and "out" privileges and $15 for valet parking per 24 hour stay.
Map of Nashville
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| SCHEDULE AND PROGRAM |
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Friday, August 4, 2006 |
600 p.m. - 8:00 p.m. |
NSAC Executive Committee Dinner |
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Saturday, August 5, 2006 |
8:00 a.m. - 12:00 p.m. |
NSAC Executive Committee Meeting (with breakfast) |
12:00 p.m. - 1:00 p.m. |
NSAC Board of Directors Working Luncheon * |
1:00 p.m. - 5:00 p.m. |
NSAC Board of Directors Meeting *
* Includes 2006-2007 National Director Nominees
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5:00 p.m. - 6:00 p.m. |
Audit and Finance Committee |
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Sunday, August 6, 2006
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| 7:00 a.m. - 8:30 a.m. |
Chapter Development Committee Meeting (with breakfast) |
| 8:30 a.m. - 10:00 a.m. |
Chapter Officers Workshop (with breakfast) |
| 10:00 a.m. - 11:00 a.m. |
Education Committee Meeting |
| 10:00 a.m. - 5:00 p.m. |
Convention Registration Desk Open |
| 10:30 p.m. - 12:00 Noon |
Membership Development Committee Meeting |
| 11:00 a.m. - 12:00 Noon |
Small Cooperative Committee Meeting |
| 11:00 a.m. - 12:00 Noon |
TCA Committee Meeting |
1:30p.m. |
Gaylord Springs Golf Course (was Springhouse Links Golf Course)
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Monday, August 7, 2006- TAX SEMINAR
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| 6:30 a.m. - 8:00 a.m. |
Accounting & Auditing Committee Meeting (with breakfast) |
7:00 a.m. - 5:00 p.m. |
Convention Registration Desk Open |
7:00 a.m. - 8:00 a.m. |
Continental Breakfast |
8:00 a.m. - 8:15 a.m. |
Welcome and Introductions/Early Bird Prizes |
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Concurrent Session A |
8:15 a.m. - 12:00 p.m. |
Principles of Cooperative Taxation -- Tony Burrell, Illinois Agricultural Auditing Association; Michael D. McIntyre, PLC; and Jason Reschly, Blackwell, Sanders, Peper, Martin, LLP |
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Concurrent Session B |
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Cancellation of Equitie -- Russell D. Wasson, NRECA; Larry Boeshart, Larry Boeshart, CPA; Jason Reschly, Blackwell, Sanders, Peper, Martin LLP; Bill Miller, Bolinger, Segars, Gilbert & Moss, LLP; and Ron Hennen, Hennen & Associates, PLC |
9:05 a.m. - 9:55 a.m. |
Unallocated Equities --Mike McIntyre, PLC; George Benson, McDermott Will & Emery LLP; and Bill Ferguson, Choptank Electric Cooperative |
9:55 a.m. - 10:15 a.m. |
Refreshment Break |
10:15 a.m. - 10:20 a.m. |
Early Bird Prizes |
10:20 a.m. - 10:45 a.m. |
State Tax Update -- Wayne Sine, Southern States Cooperative, Inc.; Brett Huston, KPMG LLP; and Samuel Graber, Frost, Brown, Todd, LLC |
10:45 a.m. - 11:10 a.m. |
FAS 109 - Uncertain Tax Positions -- Dave Walter AR Electric Cooperative Corp.and Russell D. Wasson, NRECA |
11:10 a.m. - 12:00 Noon |
Farm Services’ Case -- Larry Boeshart, CPA; Dick Cisne, Hudson, Cisne & Co. LLP; and Donald A. Frederick, USDA Cooperative Service |
| 12:00 Noon - 1:00 p.m. |
Lunch |
| 1:10p.m. - 1:15 p.m. |
Early Bird Prizes |
| 1:15 p.m. - 2:05 p.m. |
Section 199 – Update and Implementation Issues-- Don Butwill, Moss Adams LLP; David Antoni, KPMG LLP; Ed Bercot, CPA; and Barry Jencik, Standera & Jencik
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| 2:05 p.m. - 2:55 p.m. |
Current Developments
IRS Subcommittee -- George Benson, McDermott Will & Emery LLP and Michael D. McIntyre, PLC
Legislative Update -- Marlis Carson, NCFC |
| 2:55 p.m. - 3:10 p.m. |
Refreshment Break |
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Concurrent Session C |
| 3:15 p.m. - 4:55 p.m. |
Small Cooperative Roundtable (Including Section 199 discussion) --Dale Carlson, Carlson & Highland Company, Ed Bercot, CPA, Tony Burrell, Illinois Agricultural Auditing Association, Dwayne Campbell, Campbell, Shaffer & Company, and Mike McIntyre, Michael D. McIntyre PLC |
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Concurrent Session D |
| 3:15 p.m. - 4:55 p.m. |
Large Cooperative Roundtable (including Section 199 discussion) --Don Butwill, Moss Adams LLP, Dick Cisne, Hudson, Cisne & Co., LLP and Others |
| 5:45 p.m. - 6:30 p.m. |
New Member’s Reception -- Hilton Nashville Downtown Hotel |
| 5:45 p.m. |
Depart from Hotel Lobby for President’s Reception |
| 6:00 p.m. - 8:00 p.m. |
President’s Reception -- Stock-Yard Restaurant |
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Tuesday, August 8, 2006
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| 6:30 a.m. - 8:00 a.m. |
Tax Committee Meeting (with breakfast) |
| 7:00 a.m. - 5:00 p.m. |
Convention Registration Desk Open |
| 7:00 a.m. - 7:55 a.m. |
Continental Breakfast |
| 7:55 a.m. - 8:15 a.m. |
Welcome, Opening Remarks, and Early Bird Prizes |
| 8:15 a.m. - 9:05 a.m. |
Patronage Financing -- Louis McIntire, General Manager, Shelby County Co-op |
| 9:05 a.m. - 9:55 a.m. |
Fraud Detection and Prevention -- Dr. Harold O. Wilson, Middle Tennessee State University |
| 9:55 a.m. - 10:15 a.m. |
Refreshment Break |
| 10:15 a.m. -10:20 a.m. |
Early Bird Prizes |
| 10:20 a.m. - 11:10 a.m. |
FASB Update -- Sue Bielstein, Director of Major Projects, FASB |
| 11:10a.m. - 12:00 Noon |
FASB Update (continued) -- Sue Bielstein, FASB |
| 12:00 Noon - 1:55 p.m. |
Awards Luncheon with Business Meeting |
| 1:55 p.m. - 2:00 p.m. |
Early Bird Prizes |
| 2:00 p.m. - 2:50 p.m. |
Technology -- Roman Kepzyck, InfoTech Partners North America |
| 2:50 p.m. - 3:10 p.m. |
Refreshment Break |
| 3:10 p.m. - 3:15 p.m. |
Early Bird Prizes |
| 3:15 p.m. - 4:05 p.m. |
Dealing with Disaster: When the Big One Hits -- Randall Pierce, Executive Director, Association of Louisiana Electric Cooperatives |
| 4:05 p.m. - 4:55 p.m. |
Crisis Management: Dealing with the Media -- Joe Huffine, Manager of Member Services, Tennessee Farmers Cooperative |
| 5:00 p.m. - 5:30 p.m. |
NSAC Board of Directors Meeting |
| 5:30 p.m. - 6:00 p.m. |
NSAC Executive Committee Meeting |
| 6:00 p.m. - 6:30 p.m. |
National Program Planning Committee Meeting |
| Evening |
On Your Own |
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Wednesday, August 9, 2006 |
| 6:45 a.m. - 7:45 a.m. |
Convention Planning & Resource Committee and 2006 Host Committee Meeting (with breakfast) |
| 7:00 a.m. - 8:00 a.m. |
Continental Breakfast |
7:00 a.m. - 12:30 p.m. |
Convention Registration Desk Open |
| 8:00 a.m. - 8:10 a.m. |
Introductions and Early Bird Prizes |
| 8:10 a.m. - 9:00 a.m. |
The Recent AICPA SAS Releases -- James C. Lampe, Professor, Texas Tech University |
| 9:00 a.m. - 9:50 a.m. |
Globalization, a CEO’s Perspective -- William Davisson, CEO, GROWMARK |
| 9:50 a.m. - 10:05 a.m. |
Refreshment Break |
| 10:05 a.m. - 10:10 a.m. |
Early Bird Prizes |
| 10:10 a.m. - 11:00 a.m. |
A Board Chair’s Perspective -- Mike Toelle, Chairman, CHS |
| 11:00 a.m. - 11:50 a.m. |
Evolution of Cooperative Director Liability -- Has the Business Judgment Rule Survived SOX, Enron, WorldCom and Disney? -- Todd Eskelsen, Sonnenschein Nath & Rosenthal and Robert Hensley, Dorsey & Whitney
This panel of Don Frederick of USDA (Washington, DC) and corporate counsels Robert Hensley of Dorsey & Witney (Minneapolis, MN) and Todd Eskelsen of Sonnenschein Nath & Rosenthal (Washington, DC) will discuss the Business Judgement Rule (which provides broad discretion and protection to cooperative directors) and how recent developments like the Sarbanes-Oxley Act, the Enron and WorldCom scandals and recent court rulings, including the Delaware Supreme Court decision In Re Disney (Brehm v. Eisner), have changed the way cooperative directors should plan and act to avoid personal liability. |
| 11:50 a.m. - 12:00 Noon |
Closing Comments and Late Bird Prizes -- Dave Cummings, President |
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The complete schedule and program features will be posted by the end of March.
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Continuing Professional Education (CPE) Credits
Following the guidelines specified in individual state regulations, up to 19 hours of continuing professional education credits will be available for the tax seminar and convention sessions. The National Society of Accountants for Cooperatives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Telephone: 615.880.4200. Web site: www.nasba.org. Upon course and evaluation completion, participants attending the 2005 National Conference, desiring CPE credit will earn up to 19 hours. The seminar and convention does not require advance preparation or prerequisites.
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| SPONSORS |
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On behalf of the 2006 NSAC Convention Fund-Raising Team, we are looking for a few good sponsors! As you are aware, the National Society of Accountants for Cooperatives (NSAC) is a volunteer organization that supports a wide array of professionals across the United States. These professionals are employed in industries such as finance, insurance, agriculture, hardware, accounting, auditing, computer services, distribution, and rural utilities, just to name a few.
NSAC is asking for organizations to again assist us with financial support in continuing to provide the high level of quality educational programs at its convention. The annual meeting is an excellent venue for suppliers, vendors and consultants to be recognized in the cooperative arena and show support.
All sponsors will receive recognition on their behalf at the convention, in the event’s formal published program, as well as special signage at the respective function and through announcements made during the convention from various organizers. NSAC hopes to be able to recognize your organization.
NSAC would like to receive sponsorship commitments no later than June 30, 2006 to ensure proper promotion and recognition. Please send your sponsorship contribution acknowledgement to the NSAC National Office.
Categories include:
Gold Level at $5,000 each
Silver Level at $3,500 each
Bronze Level at $2,500 each
Copper Level at $1,500 each
Patron Level at $1,000 each
Benefactor Level at $500 each
Foundation Level at $250 each
Rochdale Level at $100 each
NSAC has developed a sponsorship package designed to accommodate all industry suppliers. Your company will receive national publicity and exposure, with the level of participation you desire. NSAC welcomes sponsorship and contribution budgets of all sizes and will work with companies and individuals to customize sponsorships to ensure maximum exposure and advertising opportunities.
If you have questions don’t hesitate to contact the NSAC office.
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| FEES |
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On or Before 06/30/06 / After 06/30/06
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Members |
Non-Members |
Retired |
Tax Seminar Only |
$300/$375 |
$450/$525 |
$125/$125 |
General Sessions Only |
$400/$475 |
$550/$625 |
$125/$125 |
Full Program |
$450/$600 |
$600/$750 |
$200/$200 |
Package Registration *
(includes registration and
one year membership) |
Not Applicable |
$750/$840 |
Not Applicable |
Spouse/Guest
Monday Only ** |
$60/$60 |
$60/$60 |
$60/$60 |
Spouse/Guest
Full Registration *** |
$100/$100 |
$100/$100 |
$100/$100 |
Child Monday Only ** |
$50/$50 |
$50/$50 |
$50/$50 |
Child Full Registration *** |
$65/$65 |
$65/$65 |
$65/$65 |
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* Join NSAC with your registration and receive 12 months of membership
** Spouse/Guest and Child Monday Only Registrations include continental breakfast and President’s Reception.
*** Spouse/Guest and Child Full Registrations include three continental breakfasts and President’s Reception. |
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| REGISTRATION |
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Click here to register on-line. Brochures with registration forms are scheduled to be mailed to all NSAC members in early May and can be accessed via this website. Non-NSAC members who wish to receive a printed piece should contact the NSAC office at the address below.
Registration
Your registration fee covers all sessions, course materials, refreshment breaks, continental breakfasts, lunches and receptions on the days registered. Hotel accommodations and other meals are not included. Information about hotel reservations and arranging transportation appears elsewhere in this brochure.
Spouses, guests and children are encouraged to attend the variety of social activities. There are two types of registration fees for spouses, guests and/or children with one including Monday’s continental breakfast and reception and the other including three continental breakfasts and the reception.
Payment
All registrations must be accompanied by payment in the form of a check or credit card (Visa, MasterCard or American Express). Checks must be drawn in U.S. funds and made payable to NSAC. Registrations cannot be processed without full payment or a purchase order. The society’s Taxpayer ID number is 56-6045918.
Confirmation
Confirmation
Each registrant will receive written confirmation of registration. Badges and materials will be available at the registration desk.
Cancellation Policy
Notification of cancellation must be submitted in writing to NSAC headquarters. Cancellations received by mail, fax or email by Friday, July 7, 2006, will be subject to a $25 cancellation charge. No refunds will be given after Friday, July 7, 2006. Substitutions are allowed at any time but must be submitted in writing and be for the same registration category.
Special Assistance
 NSAC’s staff will be happy to assist you with any special needs. If you require special assistance, please notify NSAC in writing prior to Friday, July 7, 2006 or indicate assistance is needed on the registration form so that your needs can be properly accommodated.
Attire
Convention participants should wear casual business attire, defined as dress slacks or casual dress wear. No jeans, please. The reception dress is casual dress. Please be sure to bring a sweater or light jacket as meeting room temperatures tend to vary.
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| CONTACT US |
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NSAC NATIONAL OFFICE
136 South Keowee Street
Dayton, OH 45402
Phone: 937.222.6707
Fax: 937.222.5794
info@nsacoop.org
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