Board Minutes May 2021: Difference between revisions
→Executive Director's Report - Chris C. (5 mins)
| Line 70: | Line 70: | ||
** Chris will be working with the bookkeepers about reconciling the undeposited funds moving forward | ** Chris will be working with the bookkeepers about reconciling the undeposited funds moving forward | ||
** Two large accounts payable amounts (~$9,600) are from two orders last year that out parts supplier forgot to invoice for. These will appear on May financials, and were expected | ** Two large accounts payable amounts (~$9,600) are from two orders last year that out parts supplier forgot to invoice for. These will appear on May financials, and were expected | ||
* Bike sales are low due to projected due to inability to build bikes due to reduced bike builder hours; we are on target for YTD, but March and April were below target | |||
** two new bike builders are about to join the team, this should increase builds and thus sales; other factors are the quality of donations, due to continued increase in market demand; | |||
** Bikes are being sold as quickly as they are being built | |||
** based on the ambitious targets and the continuing challenges with sourcing bikes and parts, it is not likely that we will hit May and summer targets. May MTD is $6,800 of $15,000 target. | |||
** Volunteers are welcome to join bike building nights to help build bikes; bike builders will be on hand to provide guidance. Sign up is required: https://bikeedmonton.ca/shift-signup | |||
* Shop fees revenue are also down | |||
** Primarily due to continued COVID restrictions (fewer people in shop, fewer appts) | |||
*** Question (Matt H): Will more paid staff hours give us more revenue? | *** Question (Matt H): Will more paid staff hours give us more revenue? | ||
*** Answer: Yes, that will help. However, there are a number of variables: highly skilled volunteers, staff and mechanics, Covid restrictions, etc | *** Answer: Yes, that will help. However, there are a number of variables: highly skilled volunteers, staff and mechanics, Covid restrictions, etc | ||
** Accounts Payable - there seem to be some discrepancies in rent payments. This will need to be reviewed. | ** Accounts Payable - there seem to be some discrepancies in rent payments. This will need to be reviewed. | ||
* Suggestion: Ad Hoc Revenue Committee to be raised in June. | |||
* Issue with Bookkeepers | * Issue with Bookkeepers | ||