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.