Board Minutes January 2024: Difference between revisions
→CEBA Loan
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*Adam: I am a past EBC president. The org still means a lot to me. We had some conflicts then, but not as dire. We lost an ED, went through a hiring process, and moved the North Shop. I was also the ED for a while when there was no ED, so I experienced the volume of emails. I think the CEBA loan is a really big priority to pay off. I don't think payments on a 60k loan were in the voted on budget. I am offering to make a private loan for part of that portion, conditional on having a couple of more key people to Bike Edmonton and seeing if they'll be involved still. If we can make plans to max out the crowdfunding amount to 10k, perhaps with personal phone calls to former board members, explain to them one-on-one as to why this is the time to make a contribution. My wife also has to agree to 25 - 30k. Before John Collier asks me if I have that money to lose, I am now a physician, and I'm married to a lawyer. I think my take on the expense and the passed budget, the part-time admin position that is proposed will cost much more money and effort than that will save the board money, especially in the first year. I think you should put out the call to people personally, like I put out the call to Jogn Collier that this is the minute to support Bike Ed. Existing staff should also take on as many admin tasks as possible. I might be starying into not knowing what I'm talking about, but if we're still paying someone to negotiate with the union, that's a cost to save as well. | *Adam: I am a past EBC president. The org still means a lot to me. We had some conflicts then, but not as dire. We lost an ED, went through a hiring process, and moved the North Shop. I was also the ED for a while when there was no ED, so I experienced the volume of emails. I think the CEBA loan is a really big priority to pay off. I don't think payments on a 60k loan were in the voted on budget. I am offering to make a private loan for part of that portion, conditional on having a couple of more key people to Bike Edmonton and seeing if they'll be involved still. If we can make plans to max out the crowdfunding amount to 10k, perhaps with personal phone calls to former board members, explain to them one-on-one as to why this is the time to make a contribution. My wife also has to agree to 25 - 30k. Before John Collier asks me if I have that money to lose, I am now a physician, and I'm married to a lawyer. I think my take on the expense and the passed budget, the part-time admin position that is proposed will cost much more money and effort than that will save the board money, especially in the first year. I think you should put out the call to people personally, like I put out the call to Jogn Collier that this is the minute to support Bike Ed. Existing staff should also take on as many admin tasks as possible. I might be starying into not knowing what I'm talking about, but if we're still paying someone to negotiate with the union, that's a cost to save as well. | ||
John: I spoke with Adam earlier: i too think repaying the CEBA loan is a priority. We are more than willling to donate 10k to the "get rid of CEBA fund". | John: I spoke with Adam earlier: i too think repaying the CEBA loan is a priority. We are more than willling to donate 10k to the "get rid of CEBA fund". | ||
Marcel: Thank you to Adam and John for the generous offers. The fundraiser is more to cover our operating expenses. The loan was not in the budget because we weren't sure of the consequences of not paying it. Being able to pay some of it would probably be helpful negotiating with the bank. | |||
=== Crowdfunding Campaign === | === Crowdfunding Campaign === | ||