June 2018

Continued on Page 2 Joni Sundquist of Lincoln has been named the new President/Executive Director of the Nebraska Society of CPAs . Ryan Par ker , Society Chair - man of the Board, made the an- nouncement on May 1, 2018. Sundquist is currently Senior Vice President of Communications & Ex- ternal Affairs for the Nebraska Bank- ers Association in Lincoln. She has been with the Bankers Association for nearly 21 years. She will replace Dan Vodvarka of Lincoln who is retiring after leading the CPA Society for over 28 years. Sundquist is scheduled to begin her leadership duties with the Society on July 2, 2018. She graduated magna cum laude from the University of Nebraska- Lincoln with a degree in broadcast journalism and worked in the publish- ing industry before joining the Bank- ers Association in 1997. Very active in community and professional organ- izations, Sundquist is a past President of the Nebraska Society of Associa- tion Executives and is a graduate of Leadership Nebraska. Chairman Parker said, “Joni is an energetic leader with a vision that will propel our great profession and Socie- ty forward for years to come. As someone that has worked extensively in communications during her profes- sional career, I know that Joni will be an outstanding advocate for our mem- bers.” “I am honored to be selected as the next President/Executive Director of Joni Sundquist the Nebraska Society of CPAs,” said Sundquist. “I look forward to working with the Society leadership and staff to help position our members and the profession for continued growth and success in our state.” President Vodvarka’s last full-time day with the Society is scheduled for June 29, 2018, but he is expected to remain on staff part-time during a transitional period. “ I believe the Society Board did an outstanding job selecting the Society’s new President. I will work with Joni to make this a seamless transition for the Society staff and membership,” Vodvarka said. Sundquist will become only the Society’s third President since Arnold Magnuson became the Society’s first employee (part-time) in 1958. “F UNDING ” R ECORD By Dan Vodvarka Society President Increasing its commitment of over four decades to help Nebraska college and university accounting students become future Nebraska CPAs, the Society’s Foundation recently ap- proved a total of $127,500 in scholar- ship funding! At its May 15, 2018, meeting, the Society’s Foundation approved a rec- ord total of $127,500 in scholarships to accounting students at 14 Nebraska colleges and universities for the 2018- 2019 college year. Last year the Board approved $125,000 in scholar- ships. The amount will be distributed to a record number of total scholarship recipients–72! The scholarships are distributed to college accounting stu- dents in their junior, senior and gradu- ate years across the state of Nebraska. Meeting at Mahoney State Park, the Foundation's Board of Trustees, with Foundation President Don Kluthe of Omaha presiding, approved a total of 21 150-Hour Scholarships for quali- fied Nebraska accounting students. The Board approved two types of scholarships: the general scholar- ships (51) which are $1,500 each and (21) 150-Hour Scholarships that are at least $2,300 each. “Since the passage of the 150-hour education requirement law in Nebras- ka over two decades ago, the Founda- tion has accepted its responsibility to help as many college accounting stu- dents as possible finance their educa- tion,” said Foundation President Kluthe. “We are again proud to be able to fund a total of 21 Fifth-Year Scholar- ships and increase the total amount of scholarship to a record of over $127,500 for the coming year.” he added. Passed by the Nebraska Legislature in the early 1990s, the 150-hour law