Fort Collins Food Co-Operative Board of Directors (BOD) Meeting
March 22, 2016
Downtown Real Estate Partners Office
Start 18:10
Present: Amber Lamb, Ed Secor, Emily Heinz, Grant Morgan, Laura Lyznicki, Patrick Gill, Ryan McGuire Ruth Inglis-Widrick, Steve Del Grosso, Tara McGuire, Trinity Bigford, James Hale
Ed Secor: Volunteered to become BOD Secretary after talking with current Secretary, Laura Lyznicki outside of the BOD meetings.
Emily motions that we accept Ed Secor as the BOD Secretary
Ryan Seconds
Board Approves
Ruth Inglis-Widrick: Proposes the X-1 Report should be presented the General Manager (GM)/ Interim General Management Team (IMT) every month.
Emily Heinz/Tara McGuire: Instead of preparing the X-1 Report every month, it is only useful every Quarter when financial statements are most accurate. In the meantime, the Balance and Profit/Loss reports are what can produce a snapshot into the financial status.
Board Agrees
Interim Management Team Reporting
Trinity Bigford: Working on maintaining a stable margin across the store and when the situation warrants it, the staff will start to comparison shop to make sure all margins/pricing is up-to-date. Once this happens, the Co-Op may opt to remove products everyone else has.
Thinking of initiating a new bulletin board at the front for buying club potential costumers which can encourage bulk buying.
Bulk is down but rearranging bulk for a more conducive buying environment is something which is being done to the current area.
Co-Opon is a Co-Op member’s way to get discounts around Old Town at participating establishments. Have a great interest already.
Both Trinity and Laura met with Maria with Community funded about the possibility of creating a profile for raising money for a new cooler and more.
Amber/Trinity: Think it may be too early for Community Funded
Board Agrees
Emily Heinz: Maybe we can roll the cost of the cooler into the current loan with the Lender. Think we can get money based on building equity.
Trinity: Agree that once we become a better Co-Op, we can hopefully prove to people and members the Co-Op is moving forward. That would be a better time to raise money for the future of the Co-Op.
Emily: Based upon the amount of the building and the ability to utilize it for collateral for a loan, we could attain a small business loan which we can even utilize to help pay for the current loan and eliminate the higher interest rate.
Amber Lamb: Motions to hold off on our involvement with Community Funded and to determine an alternative way of attaining money.
Emily: Seconds
Board Agrees
Ryan McGuire: As Treasurer and now the role having a more involvement with the Co-Op’s overall profit/loss and balance information, I am happy to see the statements finally show that even though sales are down from last year, inventory is down as well. This is a better trend than what we saw last year. Not to mention, there is a total profit this month which we didn’t see much of last year. Good work IGMT.
Move to approve IGMT Reports
Patrick Seconds
Board Agrees
Next Meetings:
March 28 at 18:00 at Downtown Real Estate Partners Office. Discussion of #8 from tonight’s agenda. Talking about BOD’s expectations of each other along with our Identity and Town Hall Agenda/Questions to consider being on same page.
April 4 at 18:00. Meeting with James Hale. Facilitation of Visioning. Location TBD on Fort Collins
April 12 at 18:00 at Downtown Real Estate Partners Office. Discussion with Seth and Zia.
April 18 at 18:00 at Old Town Library. BOD April meeting.
April 28 at 18:00 at Mennonite Church. Town Hall. Ruth to confirm.
Meeting end at 20:10
