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Triumph Gulf Coast board accepts financial reports, updates systems documentation and approves a pay increase for compliance manager
Summary
At the meeting the board accepted June and July financial statements, approved an updated systems documentation package, hired two grant compliance specialists and approved a mid‑cycle pay raise for Grants Compliance Manager Teresa Baker from $60,000 to $70,000 by roll call.
The Triumph Gulf Coast board accepted its June and July 2025 financial statements, approved an updated systems documentation package, and voted to increase the annual pay for Grants Compliance Manager Teresa Baker from $60,000 to $70,000.
Jennifer Davidson, the board’s finance lead, presented the June and July reports. She said total assets were roughly $677 million for June and about $678 million for July, and that Triumph dispersed approximately $15 million in June and $1.6 million in July in grant funds. She noted timing of disbursements drove month‑to‑month variances and that administrative costs remain under budget year to date.
The board also…
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