Board of Directors
Meeting Minutes
Wednesday, March 27, 2024
EFC Community Room, 1341 W. 26th
Kevin Schaaf called the meeting to order at 5:33 pm.
Attending: President - Kevin Schaaf, Vice President -Derek Golembeski, Treasurer - Shari Gross, Secretary - Liz Bugbee; Directors: Amanda Gates Sarah Parker, Colleen Daisley, Wren Holquist
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko; Marketing Manager - Heidi Yeagle, HR Manager - Chris Wrobel
Guests: One member-owner 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. Amanda Gates seconded. Motion passed.
Treasurer's Report: Shari Gross
There were 17 new fully paid members and 2 requests for return of investment. There was a meeting on 3/5/24 with the accountants to set a plan for needs going forward and to restart the quarterly meetings.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report: LeAnna presented and reviewed the February report. While sales at 26th were down for the month the YTD sales continue to be higher than last year. Overall organization sales are down which was not unexpected with the DT store closure. Cash balance remains at a good level. Kevin Schaaf requested that perhaps more than sales information could be shared in the monthly report. LeAnna and the Finance Committee can review more detailed info from the P&L statements and bring relevant information to the Board as needed.
B4 - Members’ Rights & Responsibilities: LeAnna reported evidence of compliance with all parts of the policy.
Motion was made by Shari Gross to accept the CEO/GM report and policy review. Amanda Gates seconded. Motion passed.
**Board Policy Evaluation: Kevin Schaaf and Board Members**
C2 - The Board’s Job: Board Members reported compliance with all sections of the policy, citing relevant evidence.
C5 - Directors’ Code of Conduct: Board Members reported compliance with all sections of the policy with the exception of C5.3 and C5.6. For C5.3 it was noted that the Board had not yet signed the Code of Conduct for this year. Forms were printed at the meeting and signed by the Board. For C5.6 it was noted that all Board members have been able to access the Drive and the forms needed to be prepared for the meetings. Those Board members with IT issues will meet with Jason Mucio to ensure full access and participation.
Motion was made by Shari Gross to accept the policy review. Liz Bugbee seconded. Motion passed.
Board Learning: Liz did not get a response from Columinate regarding the CBLD on demand learning and will reach out again
New Business: See Treasurer’s report for Accounting Firm update.
Closure: Next board meeting is April 24, 2024 at 5:30pm.
Motion was made by Sarah Parker to adjourn the meeting. Shari Gross seconded. Meeting adjourned at 6:09 pm.