COMMUNITY FOOD CO-OP

BOARD OF DIRECTORS MEETING

REMOTE VIA ZOOM, 6:30 PM

11 MARCH 2021

MEETING MINUTES

 

PRESENT: B. BUCHANAN, A. DAWOOD, C. HILDRETH, H. KIM, J. MADGIC, S. QUARLES, C. SHANKS, M. SKOGLUND, K. WISEMAN (GENERAL MANAGER), J. MADDEN (FACILITATOR), T. RODRIGUEZ (BOARD ASSISTANT). Co-op Member H. KRIEGEL (Visitor), Co-op Members K. BELTON, P. PFANKUCH (Visitors).

 EXCUSED: L. PETERMANN.

 

Check-Ins

MEMBER FORUM

Henry Kriegel attended the member forum to talk about a bill being voted on in the current MT Legislative Session: SB199, The Food Freedom Act. Two Co-op members/prospective Board candidates attended the meeting to observe and to fulfill the requirements of the Board’s nomination process.

 

CONSENT AGENDA All committee notes were accepted. Minutes were approved. Action item checklist was reviewed.

 

GENERAL MANAGER’S REPORT

The number of workers out on quarantine went down significantly in February. We’re experiencing increased turnover and expect to see a surge in hiring in April. There will be a review of data to determine any patterns in turnover by month or department. Starting wage, annual raise, and caps on wage groups are reviewed in spring with the intent to be competitive on pay, enable our workers to make enough to live in this escalating rent reality, and to determine the labor budget for 2021-2022. We are starting to have financial comparisons between the beginning of the pandemic and the present. Progress on the CWM remodel project was discussed.

 

MISCELLANEOUS

Standing agenda item: Diversity, Equity and Inclusion (DEI)

Online Board Manual update

 

FINANCE COMMITTEE

January was a solid month financially overall, with a net on operations of $66k, resulting in a net income of $9,736; our first month of income since August. Margin is up in almost every department compared to a year ago, but with lower margin departments seeing higher percentages of overall sales. Labor as a percentage of sales was kept well in line. We are near $2M in cash right now. Years of effort by the Controller and GM has gone into increasing the number of days cash on hand to help weather a potential crisis and to be in a good position for loan financing. Some of the pandemic funding rules have changed, so we may get a $500K credit to payroll taxes. This would cover losses in self-service food, since the federal government shut down that part of the Co-op’s business and the County Health Department currently requires that we keep it closed. If we get that funding, we will use it to raise wages.

 

REVIEW OF ACTION ITEMS

EXECUTIVE SESSION Start: 8:12 PM End: 8:35 PM