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.
