April 23rd, 2019 Board Minutes
Date: Tuesday, April
Time: 12:00 PM
Location: THINC Board Room
One College Circle, LaGrange, GA 30240
Present: Dr. Chris Williams, Frank McRae, Bill
Stump, John Radcliffe, John Asbell, Dr. Roy Nichols, Regina Ingram, Kevionte
Gaskin, Joseph Miller, Mitchell Key, Helen Rice, Brandon Brooks, Kash Lakhlani,
Charis Acree, Michelle Brown, Kevin Donovan, Gerald Wyatt, Becca Eiland, Dr.
Other: Regan Mock, Jayne Pauley, Brandon
Smith, James Bence
The meeting began at 12:15 PM.
Review was provided by James Bence with Mauldin & Jenkins.
placed in investments.
million in residuals.
is no material weakness in the control structure.
was compliant with every request made throughout the audit.
accounting standards discussed by Brandon Smith with Mauldin & Jenkins.
categories Unrestricted, Temporarily Restricted and Permanently Restricted will
be condensed into the categories Without Donor Restriction and With Donor
categories are listed by general functions and will now be provided in a
statement of functional expense, which will be more descriptive.
new foot note will be added to Liquidity and Availability to show what
financial resources you have available for disposal over the next 12 months.
Kathy Carlisle announced that we have signed another 3 year contract with
Mauldin & Jenkins as our auditor.
Back 30 presented.
Instructor, Jayne Pauley, discussed THINC’s Healthcare Industry Certification.
Certification Team reviewed several things, along with occupational standards,
student assessments, HOSA, Healthcare curriculum. There were no recommendations
this certification provided THINC’s Healthcare with a $10,000.00 grant for
equipment and supplies.
Stump called a motion to approve February minutes.
Asbell 1st, John Radcliffe 2nd
Roy Nichols with the Troup County School System stated the budget needs a more
sustainable trajectory. THINC is high on the list of enhancements.
Ingram provided a Personnel Committee update.
Staffing posted the opening position for THINC CEO on March 28th and
will close on May 3rd.
of April 21st there have been 220 applications, with 11 being
will filter the top 10 and provide them to the Personnel Committee. Once the
Personnel Committee reviews the applicants, 3-5 candidates will be given to the
Wyatt provided March 31st financial report and interest report of
matured CD accounts.
for disbursement of Randy Jackson funds is still TBD.
Stump called a motion to approve financials.
Asbell 1st, Frank McRae 2nd
Stump called a motion to approve policy change from limitations of 12 month
term CD to now allow terms up to 24 months to be allowed.
Radcliffe 1st, John Asbell 2nd
CEO along with a member of finance will make final decision on selection of CD
terms and the institution that they are placed.
Mabe Memorial Scholarship of $1,300.00 will be held at THINC starting FY2020 to
facilitate to a student who is a senior, exemplifies leadership and is involved
in athletics or extracurricular activities. Currently LaGrange High School holds
the funds and they will be presented to a LaGrange High School student at
THINC’s Honor Night by John Asbell.
Kathy Carlisle announced that THINC received the first installment of
$20,000.00 from Mando’s $100,000.00 grant that is to be paid over 5 years.
Kathy Carlisle stated that Dr. Chris Williams will provide the Scorecard review
at the next meeting, due to his required attendance at Central Office for a
principal’s meeting this afternoon.
Night invitation was presented to all attendees at the Board Meeting.
was adjourned at 1:08 PM.
Next meeting date: Tuesday, May
28th at 12:00 PM in THINC Board Room, Once College Circle, LaGrange, GA 30240.