April 16th, 2019 Finance Minutes
Date: Tuesday, April 16, 2019
Time: 12:00 PM
Location: City Hall Board Room
200 Ridley Ave.
LaGrange, GA 30240
Present: Gerald Wyatt, Regina Ingram, John Asbell, Renae Willis,
Jamey Jackson, Dr. Kathy Carlisle, Ted Arnold
Other: Regan Mock
meeting began at 12:35 PM.
Ingram called a motion to approve February minutes.
Asbell 1st, Ted Arnold 2nd.
Wyatt discussed P&L.
was called to approve financials
Arnold 1st, John Asbell 2nd
Asbell announced that a new chair will be needed to head the fundraising. John
will be stepping down.
Kathy Carlisle discussed that Dr. Chris William’s debit card had been
compromised. Due to the compromise, the limits on Dr. Carlisle’s card limits
have been temporarily raised to allow for standard purchases to be completed on
one card until the new one arrives.
Carlisle discussed the maturity of THINC’s 3 CD accounts.
of CD held at Community Bank & Trust has been withdrawn and is being held
in Synovus checking account until placed in a new CD.
rates were discussed. Policy states that no CD can be in a term longer than 12
months, but some of the best rates available are above and below 12 months.
will be made to the Board to have the policy updated to state a CD can be in a
term up to 24 months.
Wyatt and Jamey Jackson discussed the Chris Mabe Memorial Scholarship.
scholarship will be in the amount of $1,300.00.
be eligible the student must be a senior, exemplify leadership and be involved
in athletics or extracurricular activities.
year it will be given to a Lagrange High School student since LaGrange High
School currently holds the funds for the FY2019 scholarship. However, John
be presenting the
scholarship to that student at Honor’s Night.
Kathy Carlisle announced that Dr. Roy Nichols approved for an Assistant
Principal for CTAE at THINC. Ideally, this position will be filled for FY2020.
new budget is to be created for FY2020.
- Troup County School System will be paying 40%
of THINC CEO salary.
recognition budget will decrease and student recognition budget will increase.
salary budget will remain the same.
at 1:20 PM.
Next meeting date: Tuesday, May
21st, 2019 at 12:00 PM in THINC Board Room, One College Circle, LaGrange, GA