Board Minutes December 2023: Difference between revisions
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=== Budget === | === Budget === | ||
* Reduced Executive Director Role | * Reduced Executive Director Role | ||
**Greg: Essentially, the ED role as it currently exists is what tips us into a deficit.The ED does important work, but I do think that the funding that is going towards that position is challenging for Bike Edmonton. If you adjust the funding, it allows you to keep both shops and to account for a bargain increase. Limited damage to existing infrastructure, damage to leadership. My preference is to alter the ED position and keep everything else status quo. These numbers could potentially be finessed further. | |||
* No South Shop | |||
** Orange Hub* | |||
*Greg: Essentially, the ED role as it currently exists is what tips us into a deficit.The ED does important work, but I do think that the funding that is going towards that position is challenging for Bike Edmonton. If you adjust the funding, it allows you to keep both shops and to account for a bargain increase. Limited damage to existing infrastructure, damage to leadership. My preference is to alter the ED position and keep everything else status quo. These numbers could potentially be finessed further. | |||
**Keith: The budget that changes the ED position allows us to keep the shops, but drains the casino in 1 year. The second budget, with 1 shop, lets us use the casino revenue over two years. There's two issues: cash flow/bankruptcy, and then paying rent. | **Keith: The budget that changes the ED position allows us to keep the shops, but drains the casino in 1 year. The second budget, with 1 shop, lets us use the casino revenue over two years. There's two issues: cash flow/bankruptcy, and then paying rent. | ||
**Coreen: There's also an in-between: use casino to pay rent in winter, and then use revenue in the summer to pay the rent. Idea is to get us to spring 2025. | **Coreen: There's also an in-between: use casino to pay rent in winter, and then use revenue in the summer to pay the rent. Idea is to get us to spring 2025. | ||
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**Greg: I recommend Monday at the latest for a meeting if we need to meet with the Finance committee again. | **Greg: I recommend Monday at the latest for a meeting if we need to meet with the Finance committee again. | ||
* | **Stephen: How are board members feeling? | ||
** | **Keith: I feel like we need to give Greg and the staff direction. Even if it's only some decisions. | ||
== New Business == | == New Business == | ||