Loading...
HomeMy WebLinkAbout09-27-05 TSHA Min 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 ACTION. 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 2004/2005. 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 thereof, on file among the official records of the Board, on this the _______ day of __________________, 2005. ___________________________________ Becky Rogers, Vice President ATTEST: ___________________________________ Jean Dwinnell, Secretary