PUBLIC SESSION AGENDA NORTH CAROLINA STATE BOARD OF CPA EXAMINERS
JANUARY 22, 2018 10:00 A.M.
1101 OBERLIN ROAD RALEIGH, NC
I. Administrative Items A. Call to Order
In accordance with the State Government Ethics Act, it is the duty of every Board member to avoid both conflicts of interest and appearances of conflict. Does any Board member have any known conflict of interest or appearance of conflict with respect to any matters coming before the Board today? If so, please identify the conflict or appearance of conflict and refrain from any undue participation in the particular matter involved. 1. Public Hearing – Charles Gregory Porter, NC CPA No. 14605
B. Welcome and Introduction of Guests C. Approval of Agenda (ACTION) D. Minutes (ACTION)
E. Financial/Budgetary Items 1. Financial Statements for December 2017 (ACTION)
II. Legislative & Rule-Making Items
III. National Organization Items IV. State & Local Organization Items V. Request for Declaratory Ruling VI. Committee Reports A. Professional Standards (ACTION) B. Professional Education and Applications (ACTION) VII. Public Comments VIII. Executive Staff and Legal Counsel Report A. Strategic Plan B. Operational Metrics C. Executive Staff Report IX. Closed Session
A. Personnel Committee
X. Adjournment
PUBLIC SESSION MINUTES North Carolina State Board of CPA Examiners
December 18, 2017 1101 Oberlin Road Raleigh, NC 27605
MEMBERS ATTENDING: Wm. Hunter Cook, CPA, President; Cynthia B. Brown, CPA, Vice President; Jeffrey J. Truitt, Esq., Secretary-Treasurer; Justin C. Burgess (by telephone); L. Samuel Williams, Jr., CPA; Arthur M. Winstead, Jr., CPA; and Michael H. Womble, CPA.
STAFF ATTENDING: Robert N. Brooks, Executive Director; David R. Nance, CPA, Deputy Director; Frank Trainor, Esq., Staff Attorney; Lisa R. Hearne, Communications Manager; Jean Marie Small, Professional Standards Specialist; Buck Winslow; Licensing Manager; and Noel L. Allen, Esq., Legal Counsel.
GUESTS: Sharon Bryson, CEO, NCACPA; Suzanne Jolicoeur, Senior Manager, State Regulation & Legislation, Sgt. J.A. Stokes, Raleigh Police Department.
CALL TO ORDER: President Cook called the meeting to order at 10:00 a.m.
MINUTES: The minutes of the November 20, 2017, meeting were approved as submitted.
FINANCIAL AND BUDGETARY ITEMS: The November 2017 financial statements were accepted as submitted.
LEGISLATIVE AND RULE-MAKING ITEMS: 21 NCAC 08F .0103 and .0502 were presented for final review along with two public comments received after the November 20, 2017, rule-making. Mr. Williams and Ms. Brown moved to approve 21 NCAC 08F .0103 and .0502 as published in the NC Register Volume 32 Issue 08 on October 16, 2017. Motion passed with seven (7) affirmative votes and zero (0) negative votes.
NATIONAL ORGANIZATION ITEMS: The Board reviewed the draft response to the quarterly NASBA Regional Director’s Focus Questions prepared by President Cook and Mr. Brooks. Messrs. Williams and Winstead moved the responses be submitted as presented with changes as discussed. Motion passed.
STATE AND LOCAL ORGANIZATION ITEMS: The Board reviewed the Records Retention and Disposition Schedule as prepared by the Division of Archives and Records
ITEM I-D
Public Session Minutes December 18, 2017
Page 2 of 7
and the Executive Staff. Ms. Brown and Mr. Winstead moved to approve the Schedule for signature by President Cook and Mr. Brooks. Motion passed (Appendix I).
REPORT OF THE PROFESSIONAL STANDARDS COMMITTEE: Ms. Brown moved and the Board approved the following recommendations of the Committee:
Case No. C2017104 - CDM Financials, LLC – Approve the signed Consent Order (Appendix II)
Case No. C2017207 - Donna J. Earp - Approve the signed Consent Order (Appendix III). Mr. Winstead did not participate in the discussion of this matter nor did he vote on this matter.
Case No. C2017233 – William M. McCullough, III - Approve the signed Consent Order. Mr. Cook did not participate in the discussion of this matter nor did he vote on this matter (Appendix IV).
Case Nos. C2017222 and C2017274 - Weixuan Luo and L&L CPAs, PA – Approve the signed Consent Order (Appendix V).
Case No. C2017262 - Domenic Campanile - Approve the signed Consent Order (Appendix VI).
Case No. C2017287 - Catherine L. Roberts - Approve the signed Consent Order (Appendix VII).
Case Nos. C2016329, C2017151, C2017272, C2017304, C2017305, and C2017307 - Perry A. James and Perry A. James, CPA, PC - Approve a Notice of Hearing for February 19, 2018, at 10:00 a.m.
Case No. C2016367 - Mark A. Whitaker - Approve of a Notice of Hearing for April 23, 2018, at 10:00 a.m.
Case No. C2017101 - Edward P. Cooper - Approve of a Notice of Hearing for March 21, 2018, at 1:00 p.m.
Case No. C2017103 - Matthew J. Rice - Approve of a Notice of Hearing for February 19, 2018, at 10:00 a.m.
Case No. C2013205 – Close the case with prejudice.
Case Nos. C2016203-1 and C2016203-2 – Close the case without prejudice.
Public Session Minutes December 18, 2017
Page 3 of 7
Case No. C2017132 - Close the case without prejudice. Case No. C2017148 - Close the case without prejudice. Case No. C2017195 - Close the case without prejudice with a Letter of Warning. Case No. C2017236 - Close the case without prejudice. Case No. C2017283 - Close the case without prejudice. Case No. C2017288 - Close the case without prejudice. Case No. C2017298 - Close the case without prejudice Case No. C2017218 - Close the case without prejudice. REPORT OF THE PROFESSIONAL EDUCATION AND APPLICATIONS COMMITTEE: Mr. Williams moved and the Board approved the following recommendations of the Committee: Reciprocal Certificate Applications - The Committee recommended that the Board approve the following: Dawn Denise Barnard Patrick Lee Baryenbruch Diane S. Bedard Kathleen Frances Bruton Dan Chen Carolina Guimarães Rolla Couto Michael Paul DeRusso H. Bruce Fielding Linda Ann Goliver Thomas Joseph Higgins Collin Thomas Ivory Clark Elliott Jernigan
Andrew James Kaczala Thomas Richard Liddell Scarlet Elizabeth Lipscombe John Andrew Moore, III Roy Nile Phillips Catherine Elizabeth Porter Spencer Allen Ross Aaron Keith Smith Kerri Barringer Snipes Nicholas M. Stuart Naoum Peter Tsaousis Whitney Anne Walker
Temporary Permits - The Committee recommended that the Board approve the following temporary permits that were approved by the Executive Director: Brooke Alyse Burgess, T10183 Jennifer Ann Rice, T10184 Michael Ferris Brown, T10185 Kelsey Lorrin Wilke, T10186
Olivia Nichols Scarbrough, T10187 Colleen Mary Middleton, T10188 Samantha Lynn Winogrond, T10189 Steven Michael Apa, T10190
Public Session Minutes December 18, 2017
Page 4 of 7
Christopher Jason Palmateer, T10191 Christine Juliette Benkendorf, T10192 Kathleen Frances Bruton, T10193 Diane S. Bedard, T10219 Kerri Barringer Snipes, T10220 Collin Thomas Ivory, T10221 Spencer Allen Ross, T10222 Thomas Joseph Higgins, T10223
Clark Elliott Jernigan, T10224 Scarlet Elizabeth Lipscombe, T10225 Andrew James Kaczala, T10226 Adwowa F. Afenyi-Annan, T10227 Gunveen Saggu, T10228 Michelle Marie Riley, T10229 Patrick Lee Baryenbruch, T10230 Paul G. Marquez, T10231
Reinstatements - The Committee recommended that the Board approve the following: John Joseph Bernat, #37950 William James Dulin, #14799 Cindy Sutton Duncan, #18216 Sarah J. Dusosky, #24328
Vallarie Dawn Massey, #18389 Angela Long Queen, #20578 Anita Michele Silver-Barnwell, #29567 Russell Edward White, #22930
Reissuance of New Certificate - The Committee recommended that the Board approve the following applications for reissuance of new certificate: Anna Pearl Myers, #18619 The Committee also recommended that the Board reissue the license of Earl Eugene Whitmire, #15647 with a one-year probationary period for holding out as a CPA while unlicensed. Firm Registrations - The Committee recommended that the Board approve the following professional limited liability companies: Paula M. Arsenault, CPA, PLLC Robert A. Bennett, CPA, PLLC Laura A. English, CPA, PLLC
GS CPA, PLLC Lynn B Hobgood CPA, PLLC James A Massey CPA PLLC
Letters of Warning - The Committee recommended that the Board approve the requests to rescind the letters of warning awarded to the individuals listed below: Paul David Johnson, #35815 Sarah Rose Mazur, #38924
Jeffrey Tolley, #34810
Examinations –The Committee recommended that the Board approve the following staff-approved applicants to sit for the Uniform CPA Examination: Holly Abbott Mariam Abebe
Justice Aheron Drew Alley
Public Session Minutes December 18, 2017
Page 5 of 7
Daniel Ambrose Ashlea Armstrong Lauren Aten Meghan Bailey Ina Balentine Alicia Barbour Aaron Barnes John Barnes Elizabeth Bass Robert Bett Lori Bogues Christopher Bonavita Aaron Bonertz Kenya Borders Adam Braxton Kaitlin Brown Penny Buckner Meghan Burke Loretta Burleson Olivia Butler Quinn Carmean Jacob Casper Drew Caterinicchio Brooke Caudle Victoria Cobb Alonzo Cole Philip Colvard Aaron Cooper Madeline Courtney Carliza Crawmer Landon Crist Zeynep Cukro Christopher Cunningham Alexandra Davis Shelby Davis Virginia Dawson Charles DelPapa Manan Desai Daniel DiLeone Taylor Dill Brooke Dinger Sakire Dogan Brian Donovan
Xaysana Douangdara Danielle Doyle Taylor Edge Kelsey Elggren Khalid Elshaikh Sean Feeley Adam Filipponi Katherine Fitchett Tashauna Fontana Morgan Foody Jonathan Fountain Meredith Freeman Holly Gabry James Garrison Crystal Gay Janeane Gibson Hailey Glover Jill Green Kayla Griffith Leigh Gripman Andrew Harward Robert Hawley Blake Heineck Stephanie Hemphill William Henderson Anna Hollin Elizabeth Holmgren John Humienny Samantha Jacobs Ashton James Amber Johnson Tonnette Johnson Catherine Jones Timothy Kearns Keith Keller Bryce Kennedy Iryna Kharlamova Paul Kim David Kirk Matthew Knott Han Ko Kevin Koons Kyle Kwiatkowski
Public Session Minutes December 18, 2017
Page 6 of 7
Nikko Lairtoo David Lesser Isaac Levin Jodi Lewis Brian Ligon Tyler Ligon Matthew Long Holly Lorms Sean MacDevette Peter Maxwell Rachel May Kathleen McClanahan Haley McCurdy Marian Mercedes Diaz Aubrey Middleton John Miller Samuel Miller Christopher Mitchell Cynthia Mosley Christopher Moss John Murray Katie Murray Izabela Paszek-Crayton Joshua Pearce Lucas Pegram Morgan Pegram Anthony Pichirallo Joshua Plafker Morgan Rachmiel Andra Radu Kayla Ricks Jazmin Rios John Rishel Paul Sadler Nolan Salama Kara Schell Anna Schoeman Rachel Sears
Matthew Seay Jared Sechler Hannah Seipel Anne Settlemyre Adrienne Shoaf James Shoemaker Kornravee Sintavanon Will Sloan Dylan Smith Indira Smith Caroline Starnes Zachary Stevens Jacob Stewart Anna Stone Mark Storey Connor Strand Willie Tate Taylor Thene Savannah Townsend Christopher Trevathan Linda Tucker Olivia Turnbull Emily Tym Blake Underwood Dominick Vaccaro Kerry Walker Joshua Waters Laura Welch Brian White Patrick White Chelsea Wiggins Taylor Witkiewicz Mitchell Woodard Edgar Woodliff Jack Xie Jun Xiong Kevin Yang
EXECUTIVE STAFF AND LEGAL COUNSEL REPORT: Mr. Nance provided a brief update on the Board’s strategic plan. The Monthly Metrics and Executive Staff Report were also provided.
Public Session Minutes December 18, 2017
Page 7 of 7
CLOSED SESSION: Messrs. Womble and Truitt moved to enter Closed Session to discuss a personnel matter. Motion passed.
PUBLIC SESSION: Messrs. Cook and Williams moved to re-enter Public Session. Motion passed.
ADJOURNMENT: Messrs. Williams and Winstead moved to adjourn the meeting at 11:10 a.m. Motion passed.
Respectfully submitted: Attested to by:
Robert N. Brooks Wm. Hunter Cook, CPA Executive Director President
Item I-E-lFinancial Highlights
For the Nine Month Period Ended December 31,2017compared to the Nine Month Period Ended December gl,2016
Budget Var Dec-17 Dec-16 Inc. (Dec.)
otal Revenue s (240,324.28) s 2,376,292.91 s 2,669,592.96 $ (293,310.05)rTotal Operating Revenue s (243,963.37) $ 2,320,500.00 s 2,627,122.30 $ (300,622.30)
Total Net Non Operating Revenue $ 3,639.09 $ 55,792.91 s 48,470.56 $ 7,312.25OTotal Expenses s (427,394.89) $ l,90l,g30.gl $ 2,150,451 .95 s (248,521.14)
Net Assets for Period s 474,352.00 $ 51 9,140.91 $ (4 4,788.91)Total Checking and Savings $ 1,243,224.19 s 1,692,361.21 $ (449,137.03)
Assets $ 3,951,029.51 $ 3,947,039.13 $ 3,990.39
TimeÆart-time Em t3/t 14/1 t/0
Budget:
I operating revenue was $244,000 under budget. The primarily area of decreased revenue wasexam fee revenue.
* Non-Operating revenue was $3,600 over budget primarily due to higher interest income ($5,000) offsetby reduced gift card revenue ($f,S00).
O Expenses were 5427,000 under budget. Key variances individually were exam costs ($243k),postage and printing costs ($6fk), investigative costs ($f5k), and staffsalary/benefits ($65k).
Actual:
I Total operating revenue decreased from prior year by $301,000. Decrease related to lower lntakeofexpected exam fee revenue and adm fees.
{' Total net non-operating revenue increased this period compared to prior by $7,000 primarily duethe interest income and rental income.
O Total expenses decreased from prior period by $248,000. Exam costs are down $216,000, postagecosts are down $37,000, and legal expenses are down $17,000. Office expenses are up by $12,000
0l/09/18
NC Board of CPA Examiners
Statement of Net PositionAs of December 31,2017
Dec31,17 Dec 31, 16
ASSETSGurrent Assets
Checking/Savings1077 .Fidelity Bank - MMA1076.Pinnacle-MMA1075. Union - Money Market1074. First Tennessee Bank - MMA1023. BB&T Disciplinary Glearing Acct1020 - BB&T Checking Acct1021 - BB&T Savings Account1030 . BB&T Payroll Acct
Total Checking/Savings
Other Gurrent Assets1110 . Accrued GD lnterest1050 . GD lnvestments - Current1165 . Deferred Lease Commissions1126 - Accts Rec Admin Cost1125 . Accts Rec Civil Penalties1120 . Accounts Receivable
Total Other Current Assets
Total Current Assets
Fixed Assets1330 .Land lmprovement1300 .Building1305 .Land1310 . Furniture1320 . Equipment1325. Data Base Software1390 . Accumulated Depreciation
Total Fixed Assets
Other Assets1250 . CD lnvestments Non-Current
Total Other Assets
TOTAL ASSETS
LIABILITIES & NETASSETSLiabilities
Gurrent LiabilitiesAccounts Payable
2000 .Accounts Payable
1,243,224.18 1,692,361.21
249,498.49508,994.43250,199.45
0.003,000.00
185,998.6245,433.19
100.00
249,199.28504,358.09249,281.15245,803.39
2,500.00280,681.35160,337.95
200.00
13,060.29255,500.00
4,358.121,000.001,000.00-240.00
8,656.44502,653.24
4,358.120.00
4,000.00-92.80
274,678.41 519,575.00
1,517,902.59 2,211,936.21
14,640.901,024,414.94
300,000.00112,387.24200,716.96180,336.18
-895,552.30
14,640.901,022,767.10
300,000.00112,387.24179,481.05180,336.18
-815,010.72
936,943.92 994,601.75
1,496J82.00 740,500j7
1,496,182.00 740,500.17
3,951,028.51 3,947,039.13
0.00 81.43
TotalAccounts Payable 0.00 81.43
Page 1
01/09/18
NG Board of CPA Examiners
Statement of Net PositionAs of December 31, 2017
Dec31,17 Dec 31, 16
Other Current Liabilities2040 . Accounts Payable Civil Penal...2005 . Due to Exam Vendors2011 . Accounts Payable Other2015 . Accrued Vacation Current
Total Other Current Liabilities
Total Gurrent Liabilities
Long Term Liabilities2020 . Accrued Vacation
Total Long Term Liabilities
Total Liabilities
Net Assets :
3010 . Net Assets lnvest in Cap Assets3020 . Designated for CapitalAssets3031 . Designated-Operating Expenses3040 . Designated for Litigation3900 . Net Assets UndesignatedChange in Net Assets
Total Net Assets
TOTAL LIABILITIES & NETASSETS
470,728.19 630,679.46
470,728.19 630,760.89
83,473.44 72,106.36
83,473.44 72,106.36
554,201.63 702,867.25
900.00466,510.57
2,500.00817.62
3,600.00617,247.28
2,500.007,332.18
936,943.92100,000.00300,000.00
1,000,000.00585,530.96474,352.00
994,601.75100,000.00300,000.00
1,000,000.00330,428.22519,140.91
3,396,826.88 3,244,170.88
3,951,028.51 3,947,038.13
Page 2
01/09/18
NC Board of GPA Examiners
Statement of Revenues & Expense - Budget v. ActualApril 2017 through December 2017
Apr - Dec 17 Budget $ Over 8u...
Ordinary lncome/Expenselncome
Certificate Fees4110 . Certificates - lnitial4120 . Certificates - Reciprocal4121 . Certificates - Recip/Temp4130 . Certificates - Temporary4131 . Certificates - Temp Renewal4140 . Certificates - Renewal Fees4150 . Gertificates - ReinsURevoked4151 . Certificates - ReinsUSurr4152 . Certificates - ReinsUlnactive4160 . Gertificates - Notification4161 . Certificate - Notification Rnwl
TotalCertificate Fees
Exam Fee Revenue4001 . lnitialAdm Fees4002. Re-Exam Adm Fees4004.Exam Fees Revenue4060 .Equivalency Exam Fees4070 . Transfer Exam Grade Gredit4071 . Exam Review Fees4072. Exam Scholarship Coupon
Total Exam Fee Revenue
Misc4993 ' Revenue Suspense4999 . Board Training4910 .Educational Program Fees4970 . Duplicate Certificates4980 .Copies4990 . Miscellaneous
Total Misc
Partnership Fees4260 - Partnership Registration Fees4261 . Partnership Renewal Fees
Total Partnership Fees
Professional Gorporation Fees4250. PC Registration Fees4251 . PG Renewal Fees4252. PC Renewal Fees WPenalties
Total Professional Corporation Fees
Totallncome
Expense6900 . Bad Debit Expense6690.Over&Short
1,328,720.00 1,323,750.06 4,969.94
42,000.0023,300.00
0.000.000.00
1,257,120.001,700.004,600.00
0.000.000.00
48,750.0324,750.00
0.000.000.00
1,242,000.000.00
9,250.030.000.000.00
-6,750.03-1,450.00
0.000.000.00
15,120.001,700.00
-3,650.030.000.000.00
120,290.001 19,250.00694,226.28
0.000.000.00
-19,898.50
181,125.00140,625.00900,000.00
0.000.000.00
-36,870.03
-60,835.00-21,375.00
-205,773.720.000.000.00
16,971.53
913,867.78 1,184,879.97 -271,012.19
0.000.000.00
800.000.00
537.22
0.000.000.000.000.00
1,125.00
0.000.000.00
800.000.00
-587.78
250.007,650.00
1,337 .22 1,125.00 212.22
250.0033,650.00
0.0026,000.00
33,900.00 26,000.00 7,900.00
4,750.0037,925.00
0.00
3,375.0025,333.34
0.00
1,375.0012,591.66
0.00
42,675.00 28,708.34 13,9ô6.66
2,320,500.00 2,564,463.37 -243,963.37
0.000.00
0.000.80
0.000.80
Page I
01/09/18
NC Board of CPA Examiners
Statement of Revenues & Expense - Budget v. ActualApril 2017 through December 2017
Apr - Dec 17 Budget $ Over 8u...
Fringe Benefits5031 ' Retirement - NCLB Contribution5033 . Retirement - NCLB Administr5035 .Health lns. Premiums5036 . Medical Reim Plan5038 . Unemployment Claims
Total Fringe Benefits
Board Travel5120 .Board Travel - Board Meetings5121 . Board Travel - Prof Meetings5122. Board Travel - NASBA Annual5123 - Board Travel- NASBA Regional5124. Board Travel - NASBA Committees5125 . Board Travel - AICPA Gouncil5126 . Board Travel - NCACPA Annual5127 . Board Travel - NCACPA/Board5128 . Board Travel - AICPA Committees5129 . Miscellaneous Board Gosts5133 . Board Travel - NASBA CPE
Total Board Travel
Building Expenses5800 . Building Maintenance5801 . Electricity5802 . Grounds Maintenance5803 . Heat & Air Maintenance5804 . lmprovements5805 . lnsurance5807 . Janitorial Maintenance5808 . Pest ControlService5809 . Security & Fire Alarm5810 .Trash Collection5811 .Water & Sewer
Total Building Expenses
Continuing Education -Staff5050 . Gontinuing Education - Staff5051 . Gontinuing Education - RNB5052 . Continuing Education - Computer
Total Continuing Education -Staff
Exam Postage5531 .Exam Postage
Total Exam Postage
Exam Printing5533 .Exam Printing
Total Exam Printing
146,424.66 175,855.63 -29,430.97
41,180.971,262.55
86,950.7217,030.42
0.00
42,829.471,666.66
102,109.5029,250.00
0.00
-1,648.50-404.11
-15,158.78-12,219.58
0.00
43,131.46 52,474.00 -9,342.54
1 1,336.66447.20
17,345.159,568.67
0.000.000.00
1,102.680.00
3,331.100.00
18,216.000.00
19,236.0012,222.00
0.000.000.00
2,800.000.000.000.00
-6,879.34447.20
-1,890.85-2,653.33
0.000.000.00
-1,697.320.00
3,331.100.00
-3,336.50-1,266.662,954.97
-2,682.000.00
4,073.00-149.65
-50.00-200.00-357.90-257.27
163.508,108.376,705.00I,818.00
0.004,073.004,800.35
150.001,800.00
392.07867.73
3,500.009,375.033,750.034,500.00
0.000.00
4,950.00200.00
2,000.00749.97
1,125.00
28,878.02 30,150.03 -1,272.01
4,078.180.000.00
1,078.210.000.00
2,999.970.000.00
4,078.18 2,999.97 1 ,078.21
720.00 1,350.00 -630.00
720.00 1,350.00 -630.00
0.00 0.00 0.00
0.00 0.00 0.00
Page 2
01/09/18
NC Board of CPA Examiners
Statement of Revenues & Expense - Budget v. ActualApril 2017 through December 2017
Exam Sitting and Grading5538 . Exam Vendor Expense
Total Exam Sitting and Grading
Exam Supplies5532 . Exam Supplies
TotalExam Supþlies
Exam Temporary Staff5530-10 .Temp Employees - May5530-20 .Temp Employees - Nov
Total Exam Temporary Staff
lnvestigation & Hearing Gosts5220 - lnvestigator Fees5221 . Staff lnvestigation Gosts5222 . lnvestigation Materials5230. Hearing Gosts5231 . Rule-Making Hearing Gosts5232 . Legal Advertising5250 . Administrative Cost Assessed5260 . Civil Penalties Assessed5261 . Civil Penalties Remitted
Total lnvestigation & Hearing Costs
Legal Expense5140 . Legal Counsel - Administrative5141 . Legal Gounsel - Spec Projects5210 .Legal Counsel - Prof Standards5211 - Legal Counsel - Litigation
Total Legal Expense
Misc Personnel5034 . Misc. Payroll Deduction5037 . HSA Deduction5090 . Flowers, Gifts, Etc.5091 . Staff Recruiting5092 . Misc. Personnel Costs
Total Misc Personnel
Apr-Decf7 Budget $Over8u...
615,885.93 858,750.03 -242,864.10
615,885.93 858,750.03 -242,864.10
0.00 0.00 0.00
0.00 0.00 0.00
0.000.00
0.000.00
0.000.00
0.00
0.000.00
5,429.431,597.54
431.000.00
-4,350.00-13,800.00
2,039.62
0.00
0.000.00
8,624.975,625.00
0.000.00
-1,874.97-5,625.00
0.00
0.00
0.000.00
-3,195.544,027.46
431.000.00
-2,475.03-8,175.002,039.62
-1,594.450.000.00
5,135.78
-8,652.41 6,750.00 -15,402.41
25,405.550.000.00
12,635.75
27,000.000.000.00
7,499.97
38,041.30 34,499.97 3,541.33
0.000.000.00
299.001,797.93
1,125.000.000.000.00
4,875.03
0.000.00
299.00-3,077.10
25.001
2,096.93 6,000.03 -3,903.10
Page 3
0l/09/18
NC Board of GPA ExaminersStatement of Revenues & Expense - Budget v. Actual
April2017 through December 2017
Apr - Dec 17 Budget $ Over 8u...
Office Expense5436 . Gontracted Copy Service5301 . Equipment Rent5310 .Decorations5320 . PayrollService5360 .Telephone5361 . lnternet & Website5390 . Clipping Service5400 . Gomputer Prog/Assistance5405 . Computer Software Maintenance5410 .Dues5420.lnsurance5430 .Audit Fees5435 . Gonsulting Services5440. Misc Office Expense5445 - Banking Fees5450 . Credit Card Fees
Total Office Expense
Per Diem - Board5110 . Per Diem - Board Meetings5111 . Per Diem - Prof Meetings5112. Per Diem - NASBA Annual5113 . Per Diem - NASBA Regional5114 - Per Diem - NASBA Committees5l15 . Per Diem - AICPA Councit5116 . Per Diem - NCAGPA Annual5117 . Per Diem - NCACPA/Board5118 . Per Diem - AICPA Gommittees5l19 . Per Diem - Miscellaneous5130 . Clerical Reimbursement5135 . Per Diem - NASBA CPE
Total Per Diem - Board
Postage5345.Postage-UPS5340 .Postage - Other5341 . Postage - Newsletter5342. Postage - Business Reply5343.Postage-Renewal5344. Postage - Rulebook
Total Postage
152,076.17 165,199.87 -13,123.70
0.00312.0089.00
1,009.765,195.752,936.162,416.90
18,581.0038,358.66
7,595.0012,787.009,400.003,693.75
863.661,992.62
46,844.91
0.00800.00500.00
1,499.965,249.975,625.002,999.97
18,500.0045,000.00
7,000.0019,500.009,400.00
749.970.00
3,375.0045,000.00
0.00-488.00-411.00-490.20-54.22
-2,688.84-583.07
81.00-6,641.34
595.00-6,713.00
0.002,943.78
863.66-1,392.391,844.91
-750.00-2,399.97-1,050.00-1,300.001,050.00
0.00-800.00100.00
0.00-500.00
0.000.00
10,050.00600.00
2,450.001,500.001,050.00
0.000.00
600.000.000.000.000.00
10,800.002,999.973,500.002,800.00
0.000.00
800.00500.00
0.00500.00
0.000.00
16,250.00 21,899.97 -5,649.97
11,500.003,316.50
13,400.001,400.001,080.00
0.00
13,500.007,499.64
49,500.002,625.032,099.97
0.00
-2,000.00-4,183.14
-36,100.00-1,225.03-1,019.97
0.00
30,696.50 75,224.64 -44,528.14
Page 4
01/09/18
NG Board of CPA Examiners
Statement of Revenues & Expense - Budget v. ActualApril2O17 through December 2017
Apr - Dec 17 Budget $ Over 8u...
Printing5330.Printing-Other5331 . Printing - Newsletter5332 . Printing - Certificates5333 . Printing - Renewal5334. Printing - Rulebook5335 . Mailing Label Printing
Total Printing
Repairs & Maintenance5380.Repairs-Misc.5381 . Maintenance - Copiers5382 . Maintenance - Computer5383 . Maintenance - Postage
Total Repairs & Maintenance
Salaries & Payroll Taxes5040 . State Unemployment Tax5010 . Staff Salaries5020 . Part-Time Staff Salaries5021 . Temporary Gontractors5030 . FICA Taxes
Total Salaries & PayrollTaxes
Scholarships5535 .Scholarship
Total Scholarships
Staff Travel5060 . Staff Travel - Local5061 . Staff Travel - Prof Mtgs5062 . Staff Travel - NASBA CPE5063 . Staff Trave¡ - NASBA Ethics5070 . Staff Travel - NASBA Annual5071 .Staff Travel - NASBA Regional5072. Staff Travel - NASBA ED/Legal5073 . Staff Travel - NASBA Gommittee5074 - Staff Travel - AICPA5075 . Staff Travel - NCACPA Meetings5076 . Staff Travel - NCACPA/Board5077 . Staff Travel - Clear/FARB Gonf5078 . Staff Travel - Vehicle5080 . Staff Travel ' Univ Dialogue
Total Staff Travel
S u bscri ptions/References5370 . Subscriptions/References
Total Su bscriptions/References
29,210.43 46,500.03 -17,289.60
4,175.5321,731.65
3,303.250.000.000.00
2,625.0341,249.972,625.03
0.000.000.00
1,550.50-19,518.32
678.220.000.000.00
281.70581.42
0.00646.00
0.001,874.971,125.00
749.97
281.70-1,293.55-1,125.00
-'103.97
1,509.12 3,749.94 -2,240.92
0.00686,360.10
8,306.020.00
50,260.77
0.00712,602.22
12,590.600.00
55,498.68
0.00-26,242.12-4,284.58
0.00-5,237.91
744,926.89 780,691.50 -35,764.61
0.00 0.00 0.00
0.00 0.00 0.00
185.06880.03
0.000.00
4,987.706,407.16
22.620.000.00
358.99326.30
0.000.000.00
1,912.502,962.53
0.000.00
8,244.006,1 1 1.00
0.000.000.00
1,500.031,125.00
0.000.000.00
-1,727 .44-2,082.50
0.000.00
-3,256.30296.1622.620.000.00
-1,141.04-798.70
0.000.000.00
13,167.86 21,855.06 -8,687.20
1,416.00 2,250.00 -834.00
1,416.00 2,250.0A -834.00
Page 5
01/09/r8
NG Board of CPA Examinerss ta te m e n t or iii rjl iff ,å 5ä:"""T"r:, ;fi |
o n "t v' A c t u a I
Apr- Dec 17 Budget $ Over Bu
Supplies5350.Supplies-Office5351 .Supplies-Copier5352 . Supplies - Computer5353 . Supplies - Special Projects
TotalSupplies
5920 . Funded Depreciation6999 . Uncategorized Expenses9999 .Suspense
Total Expense
Net Ordinary lncome
Other lncome/ExpenseOther lncome
8250 . Gift Card Revenuelnterest Income
8500 . lnterest lncome - MMAs8505 . lnterest Income - BB&T BUS IDA8510 . lnterest lncome - CDs8520 . lnterest lncome - PrudentialTB8530 . lnterest lncome - Wachovia MM
Total lnterest lncome
8200 .Rentallncome8920 . Gain on Sale of Fixed Assets8921 . Loss on Sale of Fixed Assets
Total Other lncome
Other Expense7000 . Leasing Commission
Total Other Expense
Net Other lncome
Ghange in Net Assets
8,322.97 9,375.03 -1,052.06
4,277.76816.69
3,228.520.00
3,750.033,187.532,437.47
0.00
527.73-2,370.84
791.050.00
0.000.000.00
33,750.000.000.00
33,750.000.000.00
1,901,930.81 2,329,325.70 -427,394.89
418,569.19 235,137.67 183,431.52
4,500.00 6,000.00 -1,500.00
4,296.360.00
15,598.650.000.00
3,600.000.00
11,250.000.000.00
696.360.00
4,348.650.000.00
19,895.01 14,850.00 5,045.01
31,267.80120.00
0.00
31,293.720.000.00
-25.92120.00
0.00
55,782.81 52,143.72 3,639.09
0.00 0.00 0.00
0.00 0.00 0.00
55,782.81 52,143.72 3,639.09
474,352.00 287,281.39 187,070.61
Page 6
01/09/18
NG Board of CPA Examiners
Statement of Revenues & ExpensesYear-to-Date Comparison
Apr-Dec17 Apr-Dec16
Ordinary lncome/Expenselncome
Certificate Fees4110 . Gertificates - lnitial4120 . Certificates - Reciprocal4140 . Certificates - Renewal Fees4150 . Gertificates - ReinsURevoked4151 . Gertificates - ReinsUSurr
Total Certificate Fees
Exam Fee Revenue4001 . lnitialAdm Fees4002. Re-Exam Adm Fees4004. Exam Fees Revenue4070 . Transfer Exam Grade Credit4072. Exam Scholarship Coupon
Total Exam Fee Revenue
Misc4999 . Board Training4970 . Duplicate Certificates4990 .Miscellaneous
Total Misc
Partnership Fees4260 . Partnership Registration Fees4261 - Partnership Renewal Fees
Total Partnership Fees
Professional Corporation Fees4250 . PC Registration Fees4251 . PC Renewal Fees4252. PC Renewal Fees WPenalties
Total Professional Gorporation Fees
Total lncome
Expense6690.Over&ShortFringe Benefits
5031 . Retirement - NCLB Gontribution5033 . Retirement - NCLB Administr5035 .Health lns. Premiums5036 .Medical Reim PIan
1,328,720.00 1,312,540.00
42,000.0023,300.00
1,257,120.001,700.004,600.00
45,600.0025,000.00
1,234,140.001,700.006,100.00
120,290.001 19,250.00694,226.28
0.00-19,898.50
186,990.00152,025.00915,100.99
0.00-24,397.25
913,867.78 1,229,718.63
0.00800.00537.22
0.00675.00
1,003.67
1,337.22 1,678.67
250.0033,650.00
60.0036,640.00
33,900.00 36,700.00
4,750.0037,925.00
0.00
3,200.0037,260.00
25.00
42,675.00 40,485.00
2,320,500.00 2,621,122.30
0.80 0.55
41,180.971,262.55
86,950.7217,030.42
41,053.201,744.56
80,006.2116,731.79
Total Fringe Benefits 146,424.66 139,535.76
Page I
01/09118
NC Board of GPA Examiners
Statement of Revenues & ExpensesYear-to-Date Comparison
Apr - Dec 17 Apr - Dec 16
Board Travel5120 . Board Travel - Board Meetings5121 . Board Travel - Prof Meetings5122. Board Travel - NASBA Annual5123. Board Travel- NASBA Regional5127 . Board Travel- NCACPA/Board5129 . Miscellaneous Board Costs
Total Board Travel
Building Expenses5800 . Building Maintenance5801 . Electricity5802 . Grounds Maintenance5803 . Heat & Air Maintenance5805 . lnsurance5807 . Janitorial Maintenance5808 . Pest Gontrol Service5809 . Security & Fire Alarm5810 .Trash Collection5811 .Water&Sewer
Total Building Expenses
Continuing Education -Staff5050 . Continuing Education - Staff5051 . Continuing Education - RNB
Total Gontinuing Education .Staff
Exam Postage5531 . Exam Postage
Total Exam Postage
Exam Sitting and Grading5538 . Exam Vendor Expense
Total Exam Sitting and Grading
lnvestigation & Hearing Gosts5221 . Staff lnvestigation Costs5222 . lnvestigation Materials5230 . Hearing Costs5231 . Rule'Making Hearing Gosts5250 . Administrative Cost Assessed5260 . Civil Penalties Assessed5261 . Civil Penalties Remitted
Total lnvestigation & Hearing Costs
Legal Expense5'140 . Legal Gounsel - Administrative5211 . Legal Counsel- Litigation
Total Legal Expense
43,131.46 45,459.25
11,336.66447.20
17,345.159,568.671,102.693,331.10
15,234.4738.50
18,738.308,134.032,981.53
332.42
163.508,108.376,705.001,818.004,073.004,800.35
150.001,800.00
392.07867.73
2,772.178,417.151,220.002,248.004,704.004,325.66
0.002,448.00
-456.45858.77
28,878.02 26,537.30
4,078.180.00
1,401.08102.60
4,078.18 1,503.69
720.00 960.00
720.00 960.00
615,885.93 831,114.49
615,885.93 831,114.49
0.005,429.431,597.54
431.00-4,350.00
-13,800.002,039.62
16.505,302.567,266.84
0.00-4,600.00
-12,200.0013,158.53
-8,652.41 8,944.43
25,405.5512,635.75
24,509.0030,864.61
38,041.30 55,373.61
Page 2
01t09t18
NC Board of CPA Examiners
Statement of Revenues & ExpensesYear-to-Date Comparison
Apr - Dec 17 Apr - Dec 16
Misc Personnel5034 . Misc. Payroll Deduction5037 . HSA Deduction5090 . Flowers, Gifts, Etc.5091 . Staff Recruiting5092 . Misc. PersonnelCosts
Total Misc Personnel
Office Expense5436 . Contracted Copy Service5301 . Equipment Rent5310 . Decorations5320 . Payroll Service5360'Telephone5361 . lnternet &Website5390 . Glipping Service5400 . Computer Prog/Assistance5405 . Computer Software Maintenance5410 .Dues5420.lnsurance5430 . Audit Fees5435 . Consulting Services5440 . Misc Office Expense5445 - Banking Fees5450 . Gredit Card Fees
Total Office Expense
Per Diem - Board5110 . Per Þiem - Board Meetings5111 . Per Diem - Prof Meetings5112. Per Diem - NASBA Annual5113 ' Per Diem - NASBA Regional5114. Per Diem - NASBA Committees5117 . Per Diem - NCACPA/Board
Total Per Diem - Board
Postage5345.Postage-UPS5340.Postage-Other5341 . Postage - Newsletter5342. Postage - Business Reply5343.Postage-Renewal
Total Postage
Printing5330.Printing-Other5331 . Printing - Newsletter5332 . Printing - Certificates
Total Printing
2,096.93 2,703.03
0.000.000.00
299.001,797 .93
0.000.00
362.58299.00
2,041.45
0.00312.0089.00
1,009.765,195.752,936.162,416.90
18,581.0038,358.66
7,595.0012,787.009,400.003,693.75
863.661,992.62
46,844.91
1,235.16468.00259.1 3
1,330.013,612.593,878.252,588.345,881.22
42,296.537,805.00
12,557.008,990.00
0.001,020.003,534.90
48,602.23
152,076.17 144,058.36
10,050.00600.00
2,450.001,500.001,050.00
600.00
10,550.00250.00
3,500.002,100.00
400.00100.00
16,250.00 16,900.00
11,500.003,316.50
13,400.001,400.001,080.00
12,000.004,411.28
49,100.001,200.001,440.00
30,696.50 68,151.28
4,175.5321,731.65
3,303.25
1,906.4031,069.122,247.00
29,210.43 35,222.52
Page 3
0l/09/18
NC Board of CPA Examiners
Statement of Revenues & ExpensesYear-to-Date Gomparison
Apr - Dec 17 Apr - Dec 16
Repairs & Maintenance5380.Repairs-Misc.5381' Maintenance - Gopiers5382 . Maintenance - Computer5383 . Maintenance - Postage
Total Repairs & Maintenance
Salaries & Payroll Taxes5010 . Staff Salaries5020 . Part-Time Staff Salaries5030 . FIGA Taxes
TotalSalaries & Payroll Taxes
Staff Travel5060 . Staff Travel - Local5061 . Staff Travel - Prof Mtgs5070 . Staff Travel - NASBA Annual5071 . Staff Travel - NASBA Regional5072 - Staff Travel - NASBA ED/Legal5075 . Staff Travel - NCACPA Meetings5076 . Staff Travel - NCACPA/Board5077 . Staff Travel - Clear/FARB Conf
Total Staff Travel
S ubscriptionslReferences5370 . Su bscriptions/References
Total Subscriptions/References
Supplies5350.Supplies-Office5351 .Supplies-Gopier5352 . Supplies - Computer
TotalSupplies
5920 . Funded Depreciation
Total Expense
Net Ordinary lncome
Other lncome/ExpenseOther lncome
8250 . Gift Card Revenuelnterest lncome
8500 . lnterest lncome - MMAs8510 . lnterest lncome - CDs
744,926.89 746,200.56
281.70581.42
0.00646.00
0.00875.47766.64490.00
1,509.12 2,132.11
686,360.108,306.02
50,260.77
687,020.659,249.26
49,930.65
185.06880.03
4,987.706,407.16
22.62358.99326.30
0.00
290.162,453.O07,857.033,452.90-635.96
0.00983.94
1,607.66
13,167.86 16,008.73
1,416.00 528.45
1,416.00 528.45
4,277.76816.69
3,228.52
6,030.371,902.201,185.27
8,322.97
33,750.00
9,117.84
0.00
1,901,930.81 2,150,451.95
418,569.19 470,670.35
4,500.00 6,500.00
4,296.3615,598.65
4,207.3312,094.48
Total lnterest lncome 19,895.01 16,301.8r
Page 4
0l/09/18
NG Board of GPA Examiners
Statement of Revenues & ExpensesYear-to-Date Comparison
Apr - Dec 17 Apr - Dec 16
8200 .Rentallncome8920 . Gain on Sale of Fixed Assets
Total Other lncome
Other Expense7000 . Leasing Commission
Total Other Expense
Net Other lncome
Ghange in Net Assets
55,782.81 50,399.04
0.00 1,917.48
0.00 1,917.48
55,782.81 48,470.56
474,352.00 519,140.91
31,267.90120.00
27,071.68514.55
Page 5
Org 2018 2017 2016Mth # # #
April 55 97 97May 60 85 78June 57 110 77July 38 74 66Aug 51 85 52Sept 59 83 51Oct 47 60 64Nov 80 104 62Dec 79 115 139Jan 0 129 121Feb 0 58 101March 0 67 92
Org 2018 2017 2016Mth Sum Sum Sum
April 55 97 97May 115 182 175June 172 292 252July 210 366 318Aug 261 451 370Sept 320 534 421Oct 367 594 485Nov 447 698 547Dec 526 813 686Jan 526 942 807Feb 526 1000 908March 526 1067 1000
Exam Applications
Exam Applications
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
0
20
40
60
80
100
120
140
160
April May June July Aug Sept Oct Nov Dec Jan Feb March
Original Exam Applications - Monthly
FY2018
FY2017
FY2016
0
200
400
600
800
1000
1200
April May June July Aug Sept Oct Nov Dec Jan Feb March
Original Exam Applications - Yr to Date
FY2018
FY2017
FY2016
ITEM VIII B
Re-Ex 2018 2017 2016Mth # # #
April 178 191 180May 182 203 151June 159 266 312July 146 204 178Aug 187 237 155Sept 267 297 296Oct 196 177 154Nov 126 183 151Dec 154 276 276Jan 0 189 139Feb 0 130 141March 0 276 305
Re-Ex 2018 2017 2016Mth Sum Sum Sum
April 178 191 180May 360 394 331June 519 660 643July 665 864 821Aug 852 1101 976Sept 1119 1398 1272Oct 1315 1575 1426Nov 1441 1758 1577Dec 1595 2034 1853Jan 1595 2223 1992Feb 1595 2353 2133March 1595 2629 2438
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
Exam Applications
Exam Applications
0
50
100
150
200
250
300
350
April May June July Aug Sept Oct Nov Dec Jan Feb March
Re-Exam Applications - Monthly
FY2018
FY2017
FY2016
0
500
1000
1500
2000
2500
3000
April May June July Aug Sept Oct Nov Dec Jan Feb March
Re-Exam Applications - Yr to Date
FY2018
FY2017
FY2016
Org 2018 2017 2016Mth # # #
April 32 60 48May 51 42 40June 0 0 0July 68 96 60Aug 39 36 100Sept 42 42 44Oct 62 56 74Nov 46 72 45Dec 0 0 0Jan 0 108 133Feb 0 66 68March 0 70 43
Org 2018 2017 2016Mth Sum Sum Sum
April 32 60 48May 83 102 88June 83 102 88July 151 198 148Aug 190 234 248Sept 232 276 292Oct 294 332 366Nov 340 404 411Dec 340 404 411Jan 340 512 544Feb 340 578 612March 340 648 655
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
License Applications
License Applications
0
20
40
60
80
100
120
140
April May June July Aug Sept Oct Nov Dec Jan Feb March
Original CPA License Applications - Monthly
FY2018
FY2017
FY2016
0
100
200
300
400
500
600
700
April May June July Aug Sept Oct Nov Dec Jan Feb March
Original CPA License Applications - Yr to Date
FY2018
FY2017
FY2016
Recp 2018 2017 2016Mth # # #
April 68 69 61May 9 18 11June 1 2 4July 58 53 54Aug 4 8 21Sept 2 4 5Oct 93 82 70Nov 25 32 27Dec 24 4 2Jan 0 34 36Feb 0 17 12March 0 12 3
Recp 2018 2017 2016Mth Sum Sum Sum
April 68 69 61May 77 87 72June 78 89 76July 136 142 130Aug 140 150 151Sept 142 154 156Oct 235 236 226Nov 260 268 253Dec 284 272 255Jan 284 306 291Feb 284 323 303March 284 335 306
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
License Applications
License Applications
0
10
20
30
40
50
60
70
80
90
100
April May June July Aug Sept Oct Nov Dec Jan Feb March
Reciprocal CPA License Applications - Monthly
FY2018
FY2017
FY2016
0
50
100
150
200
250
300
350
400
April May June July Aug Sept Oct Nov Dec Jan Feb March
Reciprocal CPA License Applications - Yr to Date
FY2018
FY2017
FY2016
2018 2017 2016Mth # # #
April 7 3 18May 12 14 11June 16 8 17July 19 6 13Aug 22 14 11Sept 14 8 25Oct 23 9 13Nov 15 14 14Dec 16 30 22Jan 0 24 28Feb 0 18 16March 0 19 17
2018 2017 2016Mth Sum Sum Sum
April 7 3 18May 19 17 29June 35 25 46July 54 31 59Aug 76 45 70Sept 90 53 95Oct 113 62 108Nov 128 76 122Dec 144 106 144Jan 144 130 172Feb 144 148 188March 144 167 205
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
Firm Registration
Firm Registration
0
5
10
15
20
25
30
35
April May June July Aug Sept Oct Nov Dec Jan Feb March
Firm Registrations - Monthly
FY2018
FY2017
FY2016
0
50
100
150
200
250
April May June July Aug Sept Oct Nov Dec Jan Feb March
Firm Registrations - Yr to Date
FY2018
FY2017
FY2016
Open 2018 2017 2016Mth # # #
April 30 27 7May 24 16 26June 5 33 6July 36 17 10Aug 65 68 31Sept 29 65 27Oct 24 53 53Nov 7 22 26Dec 6 7 9Jan 0 35 12Feb 0 17 17March 0 16 34
Open 2018 2017 2016Mth Sum Sum Sum
April 30 27 7May 54 43 33June 59 76 39July 95 93 49Aug 160 161 80Sept 189 226 107Oct 213 279 160Nov 220 301 186Dec 226 308 195Jan 226 343 207Feb 226 360 224March 226 376 258
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
Prf Stds Cases
Prf Stds Cases
0
10
20
30
40
50
60
70
80
April May June July Aug Sept Oct Nov Dec Jan Feb March
Prof Stds Open Cases - Monthly
FY2018
FY2017
FY2016
0
50
100
150
200
250
300
350
400
April May June July Aug Sept Oct Nov Dec Jan Feb March
Prof Stds Open Cases - Yr to Date
FY2018
FY2017
FY2016
Closed 2018 2017 2016Mth # # #
April 25 31 38May 16 23 18June 18 20 21July 16 42 32Aug 29 27 27Sept 42 27 33Oct 17 53 32Nov 18 72 25Dec 23 26 24Jan 0 49 17Feb 0 30 21March 0 22 19
Closed 2018 2017 2016Mth Sum Sum Sum
April 25 31 38May 41 54 56June 59 74 77July 75 116 109Aug 104 143 136Sept 146 170 169Oct 163 223 201Nov 181 295 226Dec 204 321 250Jan 204 370 267Feb 204 400 288March 204 422 307
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
Prf Stds Cases
Prf Stds Cases
0
10
20
30
40
50
60
70
80
April May June July Aug Sept Oct Nov Dec Jan Feb March
Prof Stds Closed Cases - Monthly
FY2018
FY2017
FY2016
0
50
100
150
200
250
300
350
400
450
April May June July Aug Sept Oct Nov Dec Jan Feb
Prof Stds Closed Cases - Yr to Date
FY2018
FY2017
FY2016
2018 2017 2016Mth # # #
April 50 38 29May 90 63 73June 172 150 126July 91 60 90Aug 6 14 6Sept 10 6 7Oct 25 12 21Nov 26 27 25Dec 40 59 35Jan 0 34 42Feb 0 16 17March 0 24 19
2018 2017 2016Mth Sum Sum Sum
April 50 38 29May 140 101 102June 312 251 228July 403 311 318Aug 409 325 324Sept 419 331 331Oct 444 343 352Nov 470 370 377Dec 510 429 412Jan 510 463 454Feb 510 479 471March 510 503 490
NC State Board of CPA ExaminersMonthly and Year-to-Date Operational Metrics
Inactive Applications
Inactive Applications
0
20
40
60
80
100
120
140
160
180
200
April May June July Aug Sept Oct Nov Dec Jan Feb March
Inactive CPA Applications - Monthly
FY2018
FY2017
FY2016
0
100
200
300
400
500
600
April May June July Aug Sept Oct Nov Dec Jan Feb March
Inactive CPA Applications - Yr to Date
FY2018
FY2017
FY2016
Month Original Re-Exam Month Original Reciprocal Month Total Month Begin Bal Open Closed End Bal Month TotalJan-15 107 130 Jan-15 96 51 Jan-15 18 Jan-15 202 66 54 214 Jan-15 47Feb-15 62 110 Feb-15 64 16 Feb-15 20 Feb-15 214 22 40 196 Feb-15 13Mar-15 82 227 Mar-15 48 4 Mar-15 12 Mar-15 196 40 38 198 Mar-15 18Apr-15 97 180 Apr-15 48 61 Apr-15 18 Apr-15 198 7 38 167 Apr-15 29
May-15 78 151 May-15 40 11 May-15 11 May-15 167 26 18 175 May-15 73Jun-15 77 312 Jun-15 0 4 Jun-15 17 Jun-15 175 6 21 160 Jun-15 126Jul-15 66 178 Jul-15 60 54 Jul-15 13 Jul-15 160 10 32 138 Jul-15 90
Aug-15 52 155 Aug-15 100 21 Aug-15 11 Aug-15 138 31 27 142 Aug-15 6Sep-15 51 296 Sep-15 44 5 Sep-15 25 Sep-15 142 27 33 136 Sep-15 7Oct-15 64 154 Oct-15 74 70 Oct-15 13 Oct-15 136 53 32 157 Oct-15 21Nov-15 62 151 Nov-15 45 27 Nov-15 14 Nov-15 157 26 25 158 Nov-15 25Dec-15 139 276 Dec-15 0 2 Dec-15 22 Dec-15 158 9 24 143 Dec-15 35Jan-16 121 139 Jan-16 133 36 Jan-16 28 Jan-16 143 12 17 138 Jan-16 42Feb-16 101 141 Feb-16 68 12 Feb-16 16 Feb-16 138 17 21 134 Feb-16 17Mar-16 92 305 Mar-16 43 3 Mar-16 17 Mar-16 134 34 19 149 Mar-16 19Apr-16 97 191 Apr-16 60 69 Apr-16 3 Apr-16 149 27 31 145 Apr-16 38
May-16 85 203 May-16 42 18 May-16 14 May-16 145 16 23 138 May-16 63Jun-16 110 266 Jun-16 0 2 Jun-16 8 Jun-16 138 33 20 151 Jun-16 150Jul-16 74 204 Jul-16 96 53 Jul-16 6 Jul-16 151 17 42 126 Jul-16 60
Aug-16 85 237 Aug-16 36 8 Aug-16 14 Aug-16 126 68 27 167 Aug-16 14Sep-16 83 297 Sep-16 42 4 Sep-16 8 Sep-16 167 65 27 205 Sep-16 6Oct-16 60 177 Oct-16 56 82 Oct-16 9 Oct-16 205 53 53 205 Oct-16 12Nov-16 104 183 Nov-16 72 32 Nov-16 14 Nov-16 205 22 72 155 Nov-16 27Dec-16 115 276 Dec-16 0 4 Dec-16 30 Dec-16 155 7 26 136 Dec-16 59Jan-17 129 189 Jan-17 108 34 Jan-17 24 Jan-17 136 35 49 122 Jan-17 34Feb-17 58 130 Feb-17 66 17 Feb-17 18 Feb-17 122 17 30 109 Feb-17 16Mar-17 67 276 Mar-17 70 12 Mar-17 19 Mar-17 109 16 22 103 Mar-17 24Apr-17 55 178 Apr-17 32 68 Apr-17 7 Apr-17 103 30 25 108 Apr-17 50
May-17 60 182 May-17 51 9 May-17 12 May-17 108 24 16 116 May-17 90Jun-17 57 159 Jun-17 0 1 Jun-17 16 Jun-17 116 5 18 103 Jun-17 172Jul-17 38 146 Jul-17 68 58 Jul-17 19 Jul-17 103 36 16 123 Jul-17 91
Aug-17 51 187 Aug-17 39 4 Aug-17 22 Aug-17 123 65 29 159 Aug-17 6Sep-17 59 267 Sep-17 42 2 Sep-17 14 Sep-17 159 29 42 146 Sep-17 10Oct-17 47 196 Oct-17 62 93 Oct-17 23 Oct-17 146 24 17 153 Oct-17 25Nov-17 80 126 Nov-17 46 25 Nov-17 15 Nov-17 153 7 18 142 Nov-17 26Dec-17 79 154 Dec-17 0 24 Dec-17 16 Dec-17 142 6 23 125 Dec-17 40Jan-18 0 0 Jan-18 0 0 Jan-18 0 Jan-18 125 0 0 125 Jan-18 0Feb-18 0 0 Feb-18 0 0 Feb-18 0 Feb-18 125 0 0 125 Feb-18 0Mar-18 0 0 Mar-18 0 0 Mar-18 0 Mar-18 125 0 0 125 Mar-18 0
Exam Applications Certificate Applications CPA Firm Registrations Professional Stds Cases Inactive
Month Original Re-Exam Month Original Reciprocal Month Total Month Begin Bal Open Closed End Bal Month Total
Exam Applications Certificate Applications CPA Firm Registrations Professional Stds Cases Inactive
Apr-18 0 0 Apr-18 0 0 Apr-18 0 Apr-18 125 0 0 125 Apr-18 0May-18 0 0 May-18 0 0 May-18 0 May-18 125 0 0 125 May-18 0Jun-18 0 0 Jun-18 0 0 Jun-18 0 Jun-18 125 0 0 125 Jun-18 0
ITEM VIII-C
EXECUTIVE STAFF REPORT December 2017
Anniversary at the Board: Phyllis Elliott’s first day of work at the Board was December 2, 1985. Thanks for your 32 years of service! NC A&T State University CPE Conference: On December 1, Bob and David presented “Focus on the Profession” as part of NC A&T State University’s annual CPE conference in Greensboro. NC State Accounting Practicum: Five students in the NCSU Masters of Accounting Program presented their practicum project of preparing the procedures for the annual Board CPE audit of licensees to David and Bob on December 4. Breakfast with the NCACPA: On December 11, Bob and David had their monthly meeting with Sharon Bryson and Mark Soticheck of the NCACPA. NC Occupational Licensing Board (OLB) Holiday Networking Luncheon: Bob organized the luncheon for OLB Executives and attorneys that was held on December 14. Bob, David, and 25 other OLB representatives attended. Lunch with the NCACPA and the AICPA: On December 20, Bob and David had a lunch meeting with Sharon and Mark from the NCACPA and the AICPA’s Suzanne Jolicoeur and Skip Braziel. Skip is the AICPA’s new Vice President for State Regulatory and Legislative Affairs