Osage, LLC Board Meeting

Board of Directors Meeting
Conference Call: (918) 807-6093
Thursday, January 25, 2018 at 10:00 AM (CST)

AGENDA
1. Call to Order
2. Roll Call
    Jim Parris, Chairman
    Kay Martin, Vice-Chair
    Patsy Stuke, Treasurer
    Megan Cruz
1. Invocation
2. Agenda (Review and Approval)
3. Minutes:
.   December 21, 2017
4. Reports:
    A. CEO Report – Kelly Corbin
         i. Review of Contract Status:
           1. Construction (OPDG d/b/a Tallgrass Construction) – Dustin Alphin
           2. Technology (OIS d/b/a Tallgrass Technologies) – Tony Whitehorn
    B. CFO Report – Kelly Corbin
         i. Review of financial statements – Susan Elliott
           1. October 2017
           2. November 2017
           3. December 2017
       ii. Review of Aged Accounts Payable Report as of January 22, 2018
      iii. Review of Aged Accounts Receivable Report as of January 22, 2018
      iv. Cash Balance in Osage LLC Accounts at BOK, Bank of Owasso, First National Bank of Pawhuska accts
       v. Listing of outstanding checks not yet cleared at BOK as of January 22nd
      vi. Copy of check registers listing all checks authorized to be paid, and the purpose of the payment from the date of out   last monthly Board meeting on December 21st through January 22nd
     vii. Cash Flow Projection for 30/60/90 days
          1. Options for addressing cash needs
              a. Proposed Line of Credit with BOK
              b. Transfer of Funds from Brokerage Account
   C. Audit Committee Report – Jim Parris
        a. Report of recommendation of the Audit Proposal Review Committee for selection of the Audit Firm for 2017 audit
            i. Resolution to award audit contract
   D. Old Business: - Kelly Corbin
        a. Status of installation of server for storing accounting and administrative data and documents
        b. Status of installation of fireproof safe for personnel files and contract documents, etc.
        c. Status of cancellation of lease of office space in OKC
        d. Status of SBA approval of transfer of OPDG and OIS from Osage LLC to Tallgrass
        e. Status of Credit Card collections
  E. New Business
       a. Preparation of Board meeting schedule for Osage LLC through September 30, 2018 – Elaine Hight
       b. Resolution to authorize Jim Parris to authorize access to investment securities account for Osage LLC.
  F. Executive Session (to discuss personnel & legal matters)
  G. Adjournment
Next Scheduled Meeting: Thursday, February 22, 2017 via Conference Call