Board Minutes October 2018: Difference between revisions
→Budget - Ali & Geoff (45 min)
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* With the assumptions, we would be running a deficit budget (without taking into account the benefits to BWN) | * With the assumptions, we would be running a deficit budget (without taking into account the benefits to BWN) | ||
* Increase to event fees line from folk fest payment | * Increase to event fees line from folk fest payment | ||
* Don't want to budget for a deficit because our cash position is quite a bit less than last year. | |||
* Discussion | * Discussion | ||
** We budgeted quite a bit for art and merchandise and didn't sell that much. Last year's budget numbers had a less clear origin. | ** We budgeted quite a bit for art and merchandise and didn't sell that much. Last year's budget numbers had a less clear origin. | ||
** Are these numbers taking into account the BWN renovations? Yes, they are; some of the revenue will go up given the renovations. Increase new parts revenue and ability to stock more bikes. | ** Are these numbers taking into account the BWN renovations? Yes, they are; some of the revenue will go up given the renovations. Increase new parts revenue and ability to stock more bikes. | ||
** Are Babac receipts being split out; separating tools and other parts. | ** Are Babac receipts being split out; separating tools and other parts. | ||
** Payments associated with Casinos need to stay | |||
** Grant we've received; so much needs to buying incentives for the program, some for membership of Canada bikes, some for commuter challenge software. | |||
=== Schedule a time to meet with your committees - ALL BOARD (10 min) === | === Schedule a time to meet with your committees - ALL BOARD (10 min) === | ||