COMMUNITY FOOD CO-OP

BOARD OF DIRECTORS (BOD) MEETING

REMOTE VIA ZOOM

12 NOVEMBER 2020

MEETING MINUTES

 

PRESENT: B. BUCHANAN, C. HILDRETH, H. KIM, J. MADGIC, L. PETERMANN, S. QUARLES, C. SHANKS, M. SKOGLUND, H. MCCARTHY (CONTROLLER), M. SKARR (AMATICS CPA GROUP),  K. WISEMAN (GENERAL MANAGER), J. MADDEN (FACILITATOR), T. RODRIGUEZ (BOARD ASSISTANT).

 EXCUSED: A. DAWOOD.

 

Check-Ins

MEMBER FORUM: no members.

 

FINANCE

Morgan Scarr from Amatics CPA Group and Co-op Controller Hanah McCarthy presented the financial compilation review (which is not an audit) to the Board. Discussion included the CARES Act. The Board approved the Finance Committee’s recommendation regarding the classification of net losses in the Annual Financial Compilation, which is a bookkeeping figure, rather than a permanent change to our capital. Other topics covered in the presentation were depreciation and PPP Loan forgiveness.

 

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

 

COMMITTEE ITEMS THAT REQUIRE BOARD ACTION

 

NAP (Nominations and Process)

Discussion of upcoming Co-op Board elections in Spring 2021.

 

GENERAL MANAGER’S REPORT

We’re having double digit growth for the entire Co-op organization. When COVID cases started to rise, sales in Co-Go online did as well, something we expected and were prepared for. We continue to experience staffing issues and worker fatigue. This and supply chain breakdowns are the biggest challenges we face right now. Thanksgiving holiday preparations include smaller turkeys for expected smaller holiday gatherings. Pie sales are expected to stay the same; no sampling this year. We’ll be keeping staffing levels up at CWM and for CoGo. Kelly gave an update on facilities/physical plant topics for CWM and CDT.

 

Sales growth:

October rolling monthly sales growth:     CWM 20.2%%      CDT -43%       Global 10.5%

 

 

MISCELLANEOUS

REVIEW OF ACTION ITEMS

EXECUTIVE SESSION

 

MEETING ADJOURNED