January 15th, 2019 Finance Minutes
Date: Tuesday, January 15th,
Location: THINC Board Room
Circle, LaGrange, GA 30240
Present: Dr. Kathy Carlisle, Dr. Chris Williams, Bill Stump, Ted
Arnold, Gerald Wyatt, Regina Ingram, John Radcliff
meeting began at 12:20 AM.
December minutes were pending approval upon having Regina Ingram added as
is a chance of exceeding the Business Meals and Fundraising Budget due to the
event at Great Wolf Lodge in November. Currently the budget is at 81%.
were ordered for the staff and students for Christmas causing the Reward and
Recognition Budget to now be at 90%.
should be no more expenses coming from the National Career Association Budget.
Miscellaneous Budget will be used for the reupholstering of our yellow
forward, a written request will need to be provided for the accountants with
donations stating the designation of the funds.
transfer was completed of $750,000.00 to a Money Market account in order to
gain more interest.
$15,000.00 donation was received from Wellstar and another is on the way from
Kam Lanier for $5,000.00.
is in need of more administrative staffing to help Chris Williams and Jennifer
are 157 students enrolled in our Work Based Learning program and is being
managed by a single instructor. We should have no more than 100 students per
instructor. More help is needed in order to allow growth.
Stump call a motion on the need of the TCSS to pay 20% of the CEO salary.
also called a motion on a salary range for the CEO of $90,000.00-$130,000.00
upon approval of the Board.
Next meeting date: Tuesday,
February 19, 2019 at 12:00 PM in THINC Board Room, One College Circle,
LaGrange, GA 30240.