Board Minutes April 2020: Difference between revisions
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→Financial Report - Chris
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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 | ||
* Bike Edmonton's Financial History | |||
** Bike sales and DIY shop tends to be a seasonal business | |||
** Winter months will always do more poorly than the summer, though we usually come out ahead | |||
* Rent & Staffing | |||
** Bike Edmonton's major expenses | |||
** Requesting 3 months free rent from landlords | |||
** May need to consider work-sharing and leaning on EI to get us through the winter | |||
=== Program Review Committee - Rachel/Matt/Annya === | === Program Review Committee - Rachel/Matt/Annya === | ||