Board Minutes October 2019: Difference between revisions

Board Minutes October 2019 (view source)

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 === Draft Budget Review - Chris (30 min) ===
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+* In the FY 2020 tab, the budgets per month are based on actuals from the last fiscal year
+** Where Actuals are blank, the values would be based on the budgeted numbers for that month (based on the previous year's actuals)
+* In the Previous Year and Adjustments Tab
+** We can adjust the budgeted values based on the "Adjustments" columns; if we're anticipating things to be better or worse for different budget items
+**  To account for other factors (Yes/No), see the "Options" section
+* Refer to last year's budget to see what format this one should be formatted in
+* Need to factor in new bookkeeper's pay
+* Need to add the property tax exemption to the budget as well (add to Options)
+* If you want to play around with the options or adjustments, make a copy of the spreadsheet to work on it
+* Discussion on Options
+** Increase bike builder wage
+*** Currently builds bikes, trains volunteers, cleans the shop, teaches classes
+*** Given the property tax exemption, can increase wage to pay a living wage
+*** Look into whether adding benefits would be an option
+** Add a second bike builder
+*** Risks could be lack of space for storage and lack of bike sales once bikes are built up (but low risk because bikes can be sold later if not immediately)
 === North Shop Lease Renewal - Jeremy/Mike S. (30 min) ===