Board Minutes Special Budget Meeting September 2024: Difference between revisions
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2. Same as #1, with 10% increased staffing costs and a $13,000 shortfall. | 2. Same as #1, with 10% increased staffing costs and a $13,000 shortfall. | ||
3. Reducing staffing costs by 20%, revenue by 10%. | 3. Reducing staffing costs by 20%, revenue by 10%. | ||
4. Update to #2 with increased revenue estimates per Coreen, resulting in $4-6k shortfall. | 4. Update to #2 with increased revenue estimates per Coreen, resulting in $4-6k shortfall. (There was a request for a similar options, with slightly smaller increase in staffing costs to make it balanced-- this was deemed to be equivalent.) | ||
5. No bike builders, reducing new bike sales by 95%, creating quite a shortfall. | 5. No bike builders, reducing new bike sales by 95%, creating quite a shortfall. | ||
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|abstain= | |abstain= | ||
|result= Passed | |result= Passed | ||
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== Adjournment == | == Adjournment == | ||
{{Motion | {{Motion | ||
|motion=To adjourn the meeting at | |motion=To adjourn the meeting at 7:26 pm. | ||
|first= | |first= Keith | ||
|second= | |second= Derek | ||
|yes= | |yes= | ||
|no= | |no= | ||
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|result= | |result= | ||
}} | }} | ||
Latest revision as of 23:47, 5 October 2024
Editing Board Agenda Template These minutes are not yet approved. They are scheduled for review and approval at the upcoming board meeting.
- Location: Google Meet
- Start Time: 7pm
Attendance
- Meeting Chair: Keith
- Minute-taker: Adam
- Board attendance: Marcel, Keith, Adam, Colin, Heather, Sarah, Matt, Derek
- Staff attendance: Coreen, Vaughan
- Regrets:
- Absent:
- Guests:
Call to Order
- Meeting called to order by Keith at 7:05 pm.
Budget Discussion
Review of scenarios:
1. Almost-balanced budget, keeping staffing costs the same. 2. Same as #1, with 10% increased staffing costs and a $13,000 shortfall. 3. Reducing staffing costs by 20%, revenue by 10%. 4. Update to #2 with increased revenue estimates per Coreen, resulting in $4-6k shortfall. (There was a request for a similar options, with slightly smaller increase in staffing costs to make it balanced-- this was deemed to be equivalent.) 5. No bike builders, reducing new bike sales by 95%, creating quite a shortfall.
Initial poll: 1. Derek 2. no one 3. Sarah, Keith, Matt, Heather 4. Adam, Marcel, Colin 5. no one
Derek was put on the spot to choose, and 3 vs 4, preferred #3.
| To accept budget scenario #3. | ||
| Moved: | Keith | |
| Seconded: | Matt | |
| Aye | No | Abstain |
|---|---|---|
| Sarah, Keith, Matt, Heather, Derek | Colin, Adam, Marcel | |
| Passed | ||
Adjournment
| To adjourn the meeting at 7:26 pm. | ||
| Moved: | Keith | |
| Seconded: | Derek | |
| Aye | No | Abstain |
|---|---|---|
| Expression error: Unexpected < operator. | ||