Board of Directors
Meeting Minutes
Wednesday, September 25, 2024
EFC Community Room, 1341 W. 26th
Kevin Schaaf called the meeting to order at 5:32pm.
Attending: President - Kevin Schaaf, Vice President -Derek Golembeski, Treasurer - Shari Gross, Secretary - Liz Bugbee; Directors: Wren Holquist, Sarah Parker, Colleen Daisley
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko; Marketing Manager - Heidi Yeagle, HR Manager - Chris Wrobel, Marketing Specialist - Ash Smitham
Guests: There was one member-owner in attendance.
Member Owner Comments: There was a request from a member-owner for information regarding the business plan.
Review of Last Month’s Minutes: Liz Bugbee
There was one update to the minutes related to correcting the attendance.
Motion was made by Derek Golembeski to accept the minutes, Colleen Daisley seconded.
Treasurer's Report: Shari Gross
There were 20 new fully paid members and 5 requests for return of investment.
Motion was made by Colleen Daisley to accept the treasurer’s report. Derek Golembeski seconded.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report: LeAnna presented and reviewed the August report. Sales at 26th were down 1% however, margin was better, payroll was lower, and net income was higher. Cash on hand remains above 10 days and is stable. The chart of accounts is in the process of being updated and there is a plan to meet with the Finance Committee and report to the Board regarding this change.
B1: Financial Condition: LeAnna reviewed B1 for the year end and reported evidence of compliance with all parts of the policy with the exception of B10 regarding filing all taxes and government related payments. EFC was locked out of the tax website for a period of time
however all payments are currently up to date. Steps have also been taken to ensure there are no future lock outs.
Motion was made by Shari Gross to accept the CEO/GM report and policy review. Liz Bugbee seconded.
Board Policy Evaluation: Kevin Schaaf
C9 - Patronage Decisions: All Board Members present reported compliance with all sections of the policy, citing relevant evidence.
Motion was made by Liz Bugbee to accept the policy review. Colleen Daisley seconded. Board Learning: none at this time.
New Business:
Retreat: The retreat will be held at Asbury Woods on October 12 at noon.
Annual Meeting: The meeting will be held at Leaf on October 20 at 3pm.
Nominating Committee: There are 3 candidates running for the Board this term. A statement and phone is needed from one candidate.
Closure: Next board meeting is the annual meeting on October 20 at 3:00pm.
Motion was made by Derek Golembeski to adjourn the meeting. Colleen Daisley seconded. Meeting adjourned at 6:10pm.
There was an executive session held directly after the regular Board meeting.