Board Minutes September 2020: Difference between revisions
Board Minutes September 2020 (view source)
Revision as of 01:57, 15 September 2020
, 15 September 2020→Financials - Chris C (10 min)
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=== Financials - Chris C (10 min) === | === Financials - Chris C (10 min) === | ||
* | * Budget is set up to show budget vs. average from past 3 years | ||
* Bike sales is projected to do better than anticipated, due to output of bike builders. Increased bike building hours by 28 hours/month, and aim to increase in winter to sell next summer. | |||
* Casino revenue has dropped to zero, and anticipate at least a 6-month delay in our slot. A lot of uncertainty on how the reopening of casinos is being handled. | |||
* Had been regularly receiving community grants, though might be impacted by City of Edmonton budget cuts; may not receive full amount. | |||
* Hoping to increase donations next year | |||
* Not expecting much from private grants | |||
* Rentals of tandem bike & bike racks are off the table, as this is typically tied to events. | |||
* Shop fees are going up due to appointment bookings, and full-service rather than DIY repairs | |||
* Used parts sales will go down due to lack of DIY bike repairs | |||
* Expecting to pay more for new parts because it's easier to sell new parts online | |||
'''* Financials to be included as a standing agenda item for upcoming board meetings.''' | '''* Financials to be included as a standing agenda item for upcoming board meetings.''' | ||