Finance/Fund-Raising Meeting Minutes 3/21/2016

April 20, 2016

Date:                            Monday, March 21, 2016

Time:                           12:00 p.m.

Location:                     THINC. Board Conference Room

One College Circle, LaGrange, Georgia 30240

 

Present:                       Robby Burch, Kathy Carlisle, Holt Redding,

Renae Willis, John Asbell, Corinne Hodges

 

Absent:                        Kathy Tilley, John Radcliffe, Bryon Jones

Others Present:         Staff/Consultants – Lauren Carlisle

 

Robby called the meeting to order at 12:05 pm.

Finance (Robby Burch)-

  • P&L update: He went over the P&L and everything looks good. We are where we intended to be for the year and are projected to spend what we brought in. From a facilities standpoint, we are in good shape. From the operations side of the budget, we are well past the halfway point of the year and the expenses are being managed very well. Our cash on hand looks good and continues to move up.
  • FTE Budget: He went over our projected, spent, and current balance. Some of this money is set aside to pay teachers for the summer however based on projections we should still come in under budget at the end of the year.
  • Proposed 2016-2017 Budget: We are in the process of developing a budget for next year however we will not know the FTE amount until April or May.

Dr. Kathy Carlisle– She gave an update of THINC. donors and a brief overview of the Strategic Planning/Sustainability meetings. There are more strategic planning meetings to follow.

The meeting adjourned at 1:45 pm.

Next meeting date: Monday, April 18, 2016 at 12pm in the THINC. Board Room, One College Circle, LaGrange, GA 30240.

______________________________________________                 Approval