Board Minutes February 2024: Difference between revisions
→Treasurer's Report
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*Keith: There are about 50 bikes that are greentags and 20 bikes that are yellowtags at the downtown shop. 70 bikes ready to sell at the south shop. | *Keith: There are about 50 bikes that are greentags and 20 bikes that are yellowtags at the downtown shop. 70 bikes ready to sell at the south shop. | ||
*Coreen: There are 0 bikes ready to go at downtown shop. They need to be built or checked by the mechanic again, including greentag. Bikes sales have been good at the shops. We check all bikes twice and double-check pricing and our records. 90% of the bikes require additional adjustment after the first mechanic works on them. | *Coreen: There are 0 bikes ready to go at downtown shop. They need to be built or checked by the mechanic again, including greentag. Bikes sales have been good at the shops. We check all bikes twice and double-check pricing and our records. 90% of the bikes require additional adjustment after the first mechanic works on them. | ||
*Marcel: I noticed more | *Marcel: I noticed more revenue from the shops. | ||
*Coreen: Our bike sales have | *Coreen: Our bike sales have basically doubled from this time last year. | ||
*Marcel: Why? | *Marcel: Why? | ||
*Coreen: We have sold some high-end bikes. We have more selection. Weather is better. Donation drive has put us on people's radar. We had a discount-the-temp. promotion. | *Coreen: We have sold some high-end bikes. We have more selection. Weather is better. Donation drive has put us on people's radar. We had a discount-the-temp. promotion. | ||
*Nazz: How is our cash flow and what does the next three months look like? | *Nazz: How is our cash flow and what does the next three months look like? | ||
*Marcel: In my mind, the donation drive carries us through to the summer. The condition is what happens to the south side shop. | *Marcel: In my mind, the donation drive carries us through to the summer. The condition is what happens to the south side shop. What I'm scared of is next winter and if we can get through NEXT winter. | ||
*Alex: I want to note with CIOG that it's definitely worth applying for, but that we do less outreach programming than we used to. This month, revenue from bike sales for downtown shop was 8k. | |||
*Stephen: We should include a shop managers report in the next board meeting. | |||
=== Finance Committee Report === | === Finance Committee Report === | ||