Board Minutes February 2023: Difference between revisions
→Budget (20 min)
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**Yes | **Yes | ||
*Is there room to increase what we're charging for a used bike? | *Is there room to increase what we're charging for a used bike? | ||
**Greg thinks that during the busy season, yes. However, a lot of our demand in the past 2 years has been driven by the pandemic and may | **Greg thinks that during the busy season, yes. However, a lot of our demand in the past 2 years has been driven by the pandemic and may potentially drop. | ||
*From a marketing stand-point, is it possible to adjust our prices: offer a "discount" in the off-season, and then charge the more expensive "normal" price in the busy season? | *From a marketing stand-point, is it possible to adjust our prices: offer a "discount" in the off-season, and then charge the more expensive "normal" price in the busy season? | ||
*Williams-Sonoma sales model | *Williams-Sonoma sales model | ||
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BIKE BUILDING QUESTIONS | BIKE BUILDING QUESTIONS | ||
*Is it possible to add more nuance to | *Is it possible to add more nuance to Bike Builders' expenses/compensation? How many of their logged hours are based in bike building, how much in teaching, etc. | ||
CONTRACTED FEES | |||
*Treasurer suggests that accounting fees will increase because accountant is working more hours than contracted. | |||
*Additionally, treasurer suggests that a SECOND audit fee may fall into this budget (as we are already half-way through this fiscal year) | |||
CEBA LOAN | |||
*Is it possible to renegotiate? | |||
**No, unless federal government decides to defer the due date. | |||
*When/how will we found out if there is a deferral? | |||
**Announced in fall last year. Probably late this year. | |||
**Many other businesses are in a similar boat, which could influence the likelihood of deferral | |||
=== Special General Meeting (10 min)=== | === Special General Meeting (10 min)=== | ||