Board of Directors
Meeting Minutes
Wednesday, April 24, 2024
EFC Community Room, 1341 W. 26th
Kevin Schaaf called the meeting to order at 5:34pm.
Attending: President - Kevin Schaaf, Vice President -Derek Golembeski (attending via Zoom), Treasurer - Shari Gross, Secretary - Liz Bugbee; Directors: Wren Holquist, Sarah Parker, Colleen Daisley
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko (attending via Zoom); Marketing Manager - Heidi Yeagle, HR Manager - Chris Wrobel
Guests: There were four member-owners in attendance.
Member Owner Comments: There was a question about whether a green roof was being considered. LeAnna reported that a green roof was under consideration pending possible grants.
Review of Last Month’s Minutes: Liz Bugbee
One small change was made to the meeting attendees for accuracy.
Motion was made by Sarah Parker to accept the minutes as written. Shari Gross seconded. Motion passed.
Treasurer's Report: Shari Gross
There were 38 new fully paid members and zero requests for return of investment. There will be a Finance Committee meeting in May.
Motion was made by Liz Bugbee to accept the Treasurer’s report. Sarah Parker seconded. Motion passed.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report: LeAnna presented and reviewed the March report. Sales were up 2% at 26th Street, and cash on hand remains at a good level. EFC is still feeling the financial effects of the DT store closure, however March was a strong month and the big picture is moving towards sustainability.
B7 – Communication to the Board: LeAnna reported evidence of compliance with all parts of the policy.
Motion was made by Wren Holquist to accept the CEO/GM report and policy review. Sarah Parker seconded. Motion passed.
Board Policy Evaluation: Kevin Schaaf
C3 - Agenda Planning: All Board Members reported compliance with all sections of the policy, citing relevant evidence.
C4- Board Meetings: All Board Members reported compliance with all sections of the policy, citing relevant evidence. Kevin brought attention to section C4.4 which states that a decision made outside of board meetings must be unanimous and in writing.
Motion was made by Liz Bugbee to accept the policy review. Shari Gross seconded. Motion passed.
Board Learning: Liz informed the Board that the CBLD Academy for on-demand Board learning is now available and contains some basic information classes with more to be added in the future. Board members are encouraged to enroll and take advantage of the learning.
New Business:
Document Retention: Liz and Derek met and spent some time beginning to organize the documents on the Drive. The plan is to group all similar documents together. For example, all minutes will go in one folder. There are still some questions about document retention and Chris shared a file with Liz from the MBA regarding document retention which should help. Liz will continue to work on this project.
Closure: Next board meeting is May 22, 2024 at 5:30pm.
Motion was made by Sarah Parker to adjourn the meeting. Wren Holquist seconded. Meeting adjourned at 6:13pm..