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Articles in Category: From the Boardroom

From the Boardroom: January 2016

The board of directors held its regular meeting at the Tipmont REMC headquarters in Linden, Indiana on January 26, beginning at 9:00 a.m. All directors were present. Also attending were CEO Ron and Attorney Jeff Helmerick.

President Bob Baker opened the meeting. There were no Board policies reviewed this month. The 2016 Budget was reviewed and approved. CEO Holcomb submitted his report along with other staff member reports, in writing. There were no financial submitted this meeting.

The next meeting of the board will be February 23.

From the Boardroom: December 2015

The board of directors held its regular meeting at the Tipmont REMC headquarters in Linden, Indiana on December 22, beginning at 9:00 a.m. All directors were present. Also attending were CEO Ron Holcomb, Manager of Finance and Administration Deb Morris, Human Resources Director Debbie Schavietello and Attorney Jeff Helmerick.

President Bob Baker opened the meeting. Board policies reviewed that were tabled at the November were presented again this month were; “Access to Corporate Records,” “Allocation and Retirement of Membership Capital Credits,” “Attendance by Members/Public at Meetings of the Board of Directors,” and for the month of December board policy “Director Candidate Qualification and Election” was presented. CEO Holcomb submitted his report along with other staff member reports, in writing. Manager of Finance and Administration Deb Morris submitted the overall financials for December. The margin was $69,870.00, bringing our year-to-date total to $1,121,725.00. There were 37 new services installed in December, bringing our year-to-date total to 470. The cooperative currently has a strong equity rate of 44.98%.

The next meeting of the board will be January 26.

From the Boardroom: November 2015

The board of directors held its regular meeting at the Tipmont REMC headquarters in Linden on Nov. 24, beginning at 9 a.m. All directors were present. Also attending were CEO Ron Holcomb, Manager of Finance and Administration Deb Morris, Human Resources Director Debbie Schavietello and Attorney Jeff Helmerick.

President Bob Baker opened the meeting. Board policies reviewed this month were access to corporate records, allocation and retirement of membership capital credits and attendance by members at board meetings. Holcomb submitted his report along with other staff member reports, in writing. Morris submitted the overall financials for November. The margin was $78,638, bringing our year-to-date total to $1,051,856. There were 55 new services installed in November, bringing our year-to-date total to 433. The cooperative currently has a strong equity rate of 48.76 percent.

The next meeting of the board will be Dec. 22.

From the Boardroom: October 2015

The board of directors held its regular meeting at the Holiday Inn Express in Crawfordsville on Nov. 3, beginning at 8:30 a.m. All directors were present. Also attending were CEO Ron Holcomb, Manager of Finance and Administration Deb Morris, Human Resources Director Debbie Schavietello and Attorney Jeff Helmerick and Attorney Brian Garrison.

President Bob Baker opened the meeting. Board policies reviewed this month were “recovery of damage costs” and “campaign activities in director elections at annual meeting.” Holcomb submitted his report along with other staff member reports, in writing. Morris submitted the overall financials for October. The margin was $187,066, bringing our year-to-date total to $973,217. There were 36 new services installed in October, bringing our year-to-date total to 378. The cooperative currently has a strong equity rate of 48.69 percent.

The next meeting of the board will be Nov. 24.

From the Boardroom: September 2015

The board of directors held its regular meeting at Tipmont REMC in Linden on Sept. 22 at 9 a.m. All directors were present. Also attending were CEO Ron Holcomb, Manager of Finance and Administration Deb Morris, Human Resources Director Debbie Schavietello and Attorney Jeff Helmerick.

President Bob Baker opened the meeting. Board policies reviewed this month were “reimbursement of employee travel expenses.” Holcomb submitted his report along with other staff members’ reports, in writing. Morris submitted the overall financials for August. The margin was $255,823, bringing our year-to-date total to $786,153. There were 44 new services installed in August, bringing our year-to-date total to 342. The cooperative currently has a strong equity rate of 48.40 percent.

The next meeting of the board will be Oct. 27.

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