Board Minutes March 2023: Difference between revisions
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==Reports to be reviewed, not in the consent agenda == | ==Reports to be reviewed, not in the consent agenda == | ||
=== Treasurer's Report – Continuation (5 min)=== | |||
* Comparative Statement until end of January 2023 was not attached earlier and so reviewed with the entire board. | |||
** Note: the additional expense for audit will be balanced via a donation upon the audit's completion. | |||
* For clarification: | |||
** The $60,000 loan from the Federal government, if paid by the end of December 2023, will only amount to $40k. This deadline is within the next board term's cycle. | |||
** The deferred Casino revenue listed under non-current liabilities is an accounting practice to keep track of casino money that has not come into income yet, but has been indeed used directly for our building rents. The ~$35k liability at the end of January, if treated as 0, would mean our statement's liability would be stated as around +$20k. Therefore, with the ~$73k of current assets, means that at the moment, if the $40k federal loan needed to be paid off, there would still be $33k in current assets. | |||
=== Governance Committee Report (5 min)=== | === Governance Committee Report (5 min)=== | ||
* | * The Committee is proposing a motion that will be tabled after the Consent Agenda portion. | ||
=== Executive Director's Report (5 min) === | === Executive Director's Report (5 min) === | ||
* | * [https://docs.google.com/document/d/1fx0k3GQVdH3iAE2KKJbJqQnZEFg9eOugP6F-bEn4AHs/edit Executive Director's report] | ||
* Greg (ED) is seeking feedback on the usefulness of these reports as they are incredibly time-intensive. | |||
** Board feedback is generally that the level detail is great, but can be reduced. | |||
* Some highlights: | |||
** The newsletter is receiving around a 40% open rate, which is good. Many of our subscribers are listed as in the United States. Greg will discuss with Chris Chan. | |||
** Many community partners have asked for collaboration this summer at events, but need more volunteer or paid mechanics to properly staff these. | |||
** Chris Chan has completed an extensive guide and technical reference for CiviCRM. Thank you to Chris. | |||
** Budget will be presented to the membership. | |||
== Approval of Agenda, Minutes, Reports (5 min) == | == Approval of Agenda, Minutes, Reports (5 min) == |