The board of directors held its regular meeting at the Tipmont REMC headquarters in Linden, Indiana on Tuesday, March 28 at 9 a.m. All directors were present. Also attending were CEO Ron Holcomb and attorney Jeff Helmerick.
President Bob Baker opened the meeting. There were no new policies approved. CEO Holcomb submitted his report along with other staff member reports, in writing.
Manager of Finance and Administration Doug Martin submitted the overall financials for August. The margin was $259,585, bringing our year-to-date total to margin to $618,127. 230 new services have been installed so far this calendar year. The cooperative currently has an equity rate of 44.58%.
The next meeting of the board will be Tuesday, May 23.