HomeMy WebLinkAbout09-27-05 THSA Min TEXAS1*
STUDENT '
HousING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
SEPTEMBER 27,2005
PRESENT: Vice President Becky Rogers and Board Members Jac Irvine, Gary Fickes
(arrived at 7:25 p.m.), Chuck Schultz, and Larry Darlage
ABSENT: President Jim Carter and Board Member Jill McKean
OTHERS PRESENT: Executive Director Hank Smyth, General Counsel Scott Bradley,
Finance Manager Pete Ehrenberg, and Secretary Jean Dwinnell
1. CALL TO ORDER.
Vice President Rogers called the meeting to order at 6:07 p.m.
2. EXECUTIVE SESSION.
The Board convened into executive session at 6:15 p.m., as Vice President Rogers read the item
to be discussed.
3. RECONVENE INTO OPEN MEETING.
The Board reconvened into open session at 7:15 p.m.
4. EXECUTIVE SESSION AC'T'ION.
Mr. Irvine moved, Mr. Schultz seconded the motion to recommend a 5% salary increase for
Executive Director Hank Smyth based on his annual performance evaluation to be retro active to
his March anniversary date.
There was no discussion and Vice President Rogers declared the motion carried unanimously.
5. CONSIDER APPOINTMENT OF AUDITORS FOR FY 2004/2005.
Finance Manager Pete Ehrenberg recommended the firm of Weaver and Tidwell for all Texas
Student Housing properties and the home office with the exception of Cambridge in College
Station. He recommended the firm of Easley, Endres, Parkhill, & Brackendorff, P.C. to perform
the audit on the Cambridge property.
Dr. Darlage moved, Mr. Schultz seconded the motion to approve the recommendation of staff
regarding the audits for FY 200412005.
There was no discussion and Vice President Rogers declared the motion carried unanimously.
6. EXECUTIVE DIRECTOR'S REPORT.
Executive Director Hank Smyth reviewed his monthly report discussing scholarship numbers,
SAT scores, college hours required to be considered "full time" and to graduate in four years, the
TSH website, the power point presentation for the ISD Superintendents, and financial
communication to the Board.
7. FINANCE DIRECTOR'S REPORT.
Finance Manager Pete Ehrenberg reviewed home office financial details, discussed non-profit
status, and compared FY 04 and FY 05 end of year numbers.
8. REVIEW AND TAKE ANY NECESSARY ACTION REGARDING BILLS.
There was no action to be taken.
9. REVIEW AND APPROVE MINUTES OF JULY 26, 2005.
Mr. Irvine moved, Dr. Darlage seconded the motion to approve the minutes of July 26, 2005 as
written. There was no discussion and the vote on the motion was as follows:
Ayes: Messrs. Irvine, Darlage, and Fickes
Nays: None
Abstentions: Ms. Rogers and Mr. Schultz
Vice President Rogers declared the motion carried.
10. ADJOURN.
There being no further business, Vice President Rogers declared the meeting adjourned at 7:45
p.m.
The Minutes are approved and certified to be a true and correct reflection of the actions of the
officers and members of the Board, and is hereby Certified to be an official copy tl�ereaf, on file
among the official records of the Board, on this the e' day of P Q wr V.?o' , 2005.
Becky Rogers,V.Ve-i AresidW
ATTEST:
(: �Q� I
Jealwinnell, Secretary