May 21st, 2019 Finance Minutes

May 24, 2019

Date:               Tuesday, May 21st, 2019

Time:              12:00 PM

Location:        THINC Board Room

Present:          Gerald Wyatt, Regina Ingram, John Asbell, Ted Arnold, Jamey Jackson, Dr. Kathy Carlisle, Bill Stump  

Others:           Regan Mock

The meeting began at 12:25 PM.

  • Gerald Wyatt called a motion to approve the April Minutes.
    • 1st Bill Stump, 2nd Regina Ingram

P&L Update

  • Gerald Wyatt discussed detail of program enhancement amount encumbered.


  • Dr. Kathy Carlisle discussed the proposed changes to be made for the 2019-2020 budget.
    • Staff Development has been reduced by $5,000.00 to allow an increase in Student Rewards/Recognition of $5,000.00
    • Office Supplies has decreased by $5,000.00 due to an increase in the support of the Troup County School System for that category.
    • NCAC has decreased by $5,000.00 due to excess funds in the account.
  • The proposed budget will be presented to the THINC Board on May 28th for review over the next 30 days; then a vote will take place at the June Board Meeting.
  • Dr. Kathy Carlisle elaborated on the large unexpected expenses causing Business Meals to go over budget.
    • Great Wolf: $3,263.50
    • Charter Certification: $1,417.67

Certificate of Deposits

  • Dr. Kathy Carlisle provided a final update on the term, rate and location selected for the 3 CD accounts that renewed in April.

Meeting adjourned 12:50 PM.