Tangi Academy

Finance Committee

Finance & Facility Meeting - Thursday February 22nd, 2018 @5:00 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
George Williams present On Time At Adjournment
Nicole Williams present On Time At Adjournment
Jeff Stillwell present On Time At Adjournment
Timothy Diebold present On Time At Adjournment
Anthony Rutledge present On Time At Adjournment

Public Comment

None.

Approval of Agenda and Prior Month Minutes

Approve the agenda

Motion by Stillwell, Second by Dibold.  All in favor.  Motion carries.

Approve the minutes

Motion by Dibold, second by Stillwell. All in favor.

Committee Review


  • Monthly Financial Reporting and Budget Review
  • Disbursement Review and Approval, if required
  • Line of credit with Regions
  • Internal control review meeting schedule 2/23
  • Status of any committed Changes from SAUP and audit results
  • Discuss potential separation of PAC from TA and financial impact
  • Status of ACD packet submission
  • North wing construction bid process
Discussion of open payables by board.
Discussion of AC repair proposal and quote process.   Williams explained that additional quotes will be obtained.  No invoices noted requiring board approval.
Stillwell - Line of credit answer expected within the next few weeks.  
Discussion on internal process for finance committee to review. 
Discussion of migrating saved invoices to cloud.  
Discussion of document retention policy.
Discussion of conflict of interest, whistleblower, document retention needed for 990 - To defer discussion with governance committee to draft.   
Discussion of parish boundaries challenge with TPSB during audit.  
Discussion of PAC separation, types of events PAC performs, types of events school performs.  To defer discussion on legal questions to board meeting.
Still pending reply from ACD.  Stillwell to follow up.  
Discussion of short vs long version for public bid.   Drafted by Williams.  Discussion of quotes from engineer or architect to vet draft documents - deferred to board meeting.  


Committee Action Items

  • Voting on any required changes from review
none needed.

The Meeting was Adjourned

The meeting adjourned at approximately 7:11 pm

Motion to adjourn

By: Timothy Diebold Seconded by: Jeff Stillwell

There was no notable discussion on the motion.