2023 AGM: Difference between revisions
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→Questions from the Floor:
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Keith Heslinga: You spoke about how important the shop is to expenses and incomes. What are the percentages? | Keith Heslinga: You spoke about how important the shop is to expenses and incomes. What are the percentages? | ||
Greg: Three major pieces that cost us money to operate (ED, Staff managers, and leasing) comes from the shops. You could eliminate one of those pieces, and have a balanced budget. We tested various scenarios (go down to one shop, add a third, etc.). We save money on an expense side if we close a shop, but we | Greg: Three major pieces that cost us money to operate (ED, Staff managers, and leasing) comes from the shops. You could eliminate one of those pieces, and have a balanced budget. We tested various scenarios (go down to one shop, add a third, etc.). We save money on an expense side if we close a shop, but we lose all that revenue as well from bike sales. My philosophy is that the heartbeat of Bike Edmonton is the two shops. They are the first and ongoing point of contact. They are transformative spaces where people start riding and keep riding. | ||
Coreen: Ballpark numbers: the cost for leasing, shop staff, etc. is $3000 a year. The income is also around $3000. Deficit is in a 5% range. That doesn't include the ED salary. | Coreen: Ballpark numbers: the cost for leasing, shop staff, etc. is $3000 a year. The income is also around $3000. Deficit is in a 5% range. That doesn't include the ED salary. | ||