January 15th, 2019 Finance Minutes

January 17, 2019

Date:               Tuesday, January 15th, 2019

Time:              12:00 AM      

Location:        THINC Board Room
                        One College Circle, LaGrange, GA 30240

Present:          Dr. Kathy Carlisle, Dr. Chris Williams, Bill Stump, Ted Arnold, Gerald Wyatt, Regina Ingram, John Radcliff         


The meeting began at 12:20 AM.

  • The December minutes were pending approval upon having Regina Ingram added as present.
  • P&L was discussed.
    • There 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%.
    • T-Shirts were ordered for the staff and students for Christmas causing the Reward and Recognition Budget to now be at 90%.
    • There should be no more expenses coming from the National Career Association Budget.
    • The Miscellaneous Budget will be used for the reupholstering of our yellow furniture.


  • Going forward, a written request will need to be provided for the accountants with donations stating the designation of the funds.
  • A transfer was completed of $750,000.00 to a Money Market account in order to gain more interest.
  • A $15,000.00 donation was received from Wellstar and another is on the way from Kam Lanier for $5,000.00.
  • THINC is in need of more administrative staffing to help Chris Williams and Jennifer Pike.
  • There 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.
  • Bill Stump call a motion on the need of the TCSS to pay 20% of the CEO salary.
  • Ted Arnold 2nd.
  • Bill also called a motion on a salary range for the CEO of $90,000.00-$130,000.00 upon approval of the Board.
    • Regina Ingram 2nd.

Adjourned at 1:00.

Next meeting date: Tuesday, February 19, 2019 at 12:00 PM in THINC Board Room, One College Circle, LaGrange, GA 30240.