Board Minutes April 2020: Difference between revisions
→Financial Report - Chris
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* [https://docs.google.com/document/d/1dT-kpHgisMuQTj5L07thsvJckO0NqLCUJePcDY-2-dE/edit?ts=5e8ac711#heading=h.aehgapnpn488 COVID-19 & Bike Edmonton Report] | * [https://docs.google.com/document/d/1dT-kpHgisMuQTj5L07thsvJckO0NqLCUJePcDY-2-dE/edit?ts=5e8ac711#heading=h.aehgapnpn488 COVID-19 & Bike Edmonton Report] | ||
* It's more of a revenue problem than an expense problem | * It's more of a revenue problem than an expense problem | ||
** Optimistic to say we'll have a significant revenue; might be 5% of regular revenue | |||
* We're quite close to missing our busy season; it's fortunate that winter has persisted | * We're quite close to missing our busy season; it's fortunate that winter has persisted | ||
* Need to make some realistic plans to ensure the organization continues on | * Need to make some realistic plans to ensure the organization continues on | ||
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** We can't expect to maintain same revenue with only one shop open (would be less space to store bikes to sell, to have patrons come through) | ** We can't expect to maintain same revenue with only one shop open (would be less space to store bikes to sell, to have patrons come through) | ||
** Scenario in the budget would only lead to us staying afloat for an additional 3 months, and it would be harder to bounce back with only one shop | ** Scenario in the budget would only lead to us staying afloat for an additional 3 months, and it would be harder to bounce back with only one shop | ||
* Wage Subsidy | |||
** Subsidizing staff wages until start of June | |||
=== Program Review Committee - Rachel/Matt/Annya === | === Program Review Committee - Rachel/Matt/Annya === | ||