February 25, 2020 Finance Minutes
Date: Tuesday, February 25th, 2020
Time: 11:30 AM
Location: THINC Board Room
Present: Bill Stump, Ted Arnold, John Asbell, Leonard Phillips, Jamey Jackson
Others: Gerald Wyatt, Kim Burgess
The meeting began at 11:52 AM.
- Contributions- Gerald Wyatt
- Synovus: $10,000.00 toward SLAM
- WP Development Authority: $25,000.00
- Mando: $20,000.00 (pending arrival)
- Financials- Gerald Wyatt
- Accounts are limited as to what we can charge from and there is trouble at time identifying proper accounts.
- Budget of $600,000 and a goal of 1,000 students in THINC’s 5th year.
- THINC is not over budget.
- Sponsorship table purchased for SHRM Leadership conference, which 8 THINC students have been handpicked per instructor recommendations to attend, for $1,000.00.
- Randy Jackson fund- Jamey Jackson
- Plans to send a THINC student on an International Business trip.
- Approval of transfer of assets to TCSS to be presented to Board in today’s meeting- Gerald Wyatt
- Financial audit is approaching. Cost for audit is $12,500 and $2,000 for financial statements.