Board of Directors
Meeting Minutes
Wednesday, May 24, 2023
EFC Community Room, 1341 W. 26th
Shari Gross called the meeting to order at 5:34pm.
Attending: President - Shari Gross, Vice President - Kevin Schaaf, Secretary - Liz Bugbee, Directors: Amanda Gates, Chauncey Dumbya Brown, Sarah Parker, Colleen Daisley
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko; Marketing Manager - Heidi Yeagle
Guests: no guests in attendance
Member Owner Comments: no comments at this time
Review of Last Month’s Minutes: Liz Bugbee
Motion was made by Sarah Parker to accept the Minutes as written. Chauncy Dumbya Brown seconded. There was no discussion. Motion passed.
Treasurer's Report: report deferred
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report: LeAnna presented and reviewed the April report highlighting the continued robust sales and successful events with community engagement. LeAnna also announced the service fee arrangement with the EDDC for the downtown store.
B1: Financial Condition: During an Executive Session LeAnna informed the Board about a financial department personnel issue resulting in bookkeeping concerns. LeAnna is working through the books with help from Columinate and will defer submission of B1 until accurate data can be submitted.
Motion was made by Colleen Daisley to accept the CEO/GM report and policy review deferment. Sarah Parker seconded. Motion passed.
Board Policy Evaluation: Shari Gross
**C8 - Governance Investment:** All Board Members reported compliance with all sections of the policy. Liz asked the Board to consider whether requiring Directors to complete a training offered by Columinate would strengthen both compliance with this policy and knowledge of Board members.
Motion was made by Kevin Schaaf to accept the policy review. Liz Bugbee seconded. Motion passed.
New Business:
Executive Committee Report: The Committee discussed having an informal meeting of the Board in order to socialize and make personal connections. Directors are in favor of this idea. The Committee also decided to convene a meeting of the Strategic Planning Committee.
Strategic Planning Committee Report: The Committee discussed numerous topics related to future opportunities for EFC including; investigating the future of the Summit Dental space should it become available, uncovering any plans for the adjacent vacant UPMC building, and possibilities for a non-profit arm of EFC. LeAnna announced that she was working with the EDDC on a service fee model for the downtown store.
Board Budget: The Board Budget will be identical to the budget from last year.
Nominating Committee: The Committee will meet next week to get rolling on the application process which starts in June.
Closure:
Motion was made by Liz Bugbee to adjourn the meeting. Colleen Daisley seconded. Meeting adjourned at 6:29PM.