Board Minutes May 2020: Difference between revisions
→Operational Updates - Chris/Molly (20 min)
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* Wage Subsidy Situation | * Wage Subsidy Situation | ||
** As of last week, would need to take in no more than $16000 more revenue before we wouldn't qualify. | ** As of last week, would need to take in no more than $16000 more revenue before we wouldn't qualify. | ||
** In an attempt to stay beneath that amount of revenue, we could focus on programming that doesn't generate as much revenue. | |||
** Wage subsidy is worth ~$12000 to us, so we'd need to make that to break even. | ** Wage subsidy is worth ~$12000 to us, so we'd need to make that to break even. | ||
** Will be receiving wage subsidy March and April | ** Will be receiving wage subsidy March and April | ||
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** Today, Trudeau announced that they plan to extend the wage subsidy, with more details to come. | ** Today, Trudeau announced that they plan to extend the wage subsidy, with more details to come. | ||
* If we access CERB, it will work out better financially both for Bike Edmonton and staff | * If we access CERB, it will work out better financially both for Bike Edmonton and staff | ||
* Staff were working full tilt in April, so having a bit more down time in May might work well. | |||
=== Fundraising - Jeremy (20 min) === | === Fundraising - Jeremy (20 min) === | ||