COMMUNITY FOOD CO-OP

BOARD OF DIRECTORS MEETING

IN-PERSON, CO-OP TRAINING ROOM (CWM), 6:30 PM

14 October 2021

MEETING MINUTES

 

PRESENT: M. COBURN, C. HILDRETH, H. KIM, S. QUARLES, C. SHANKS, M. SKOGLUND, K. WISEMAN (GENERAL MANAGER), T. RODRIGUEZ (BOARD ASSISTANT).

VISITOR: M. HOLLINGSWORTH (CO-OP STAFF).

EXCUSED: J. BATTON, J.MADGIC, L. PETERMANN, J. MADDEN (FACILITATOR).

 

Check-Ins

MEMBER FORUM: No members in attendance.

CONSENT AGENDA

COMMITTEE ITEMS THAT REQUIRE BOARD ACTION

 

Retreat ad hoc Committee: The Board retreat is November 12 and 13, on site at the Co-op West Main. The committee has been meeting with a Columinate consultant who will attend the retreat. A main focus of the retreat will be Board governance methods.

 

GENERAL MANAGER’S REPORT

Double-digit sales growth puts our Co-op ahead of many others nationwide:

CWM September Growth: 6.4% CDT September Growth: 61% Global September Growth: 10.8%. Like most employers we’re still experiencing labor shortages, continuing stress and fatigue for staff and especially managers. Supply chain issues continue; expected to go through winter/spring. Inflation is making an appearance. There were 638 recent price increases from UNFI. At the same time, some prices will drop in the new year. Marketing is offsetting and supplementing deals on essentials like milk and ground beef. A new percent-off program will be coming from Marketing in the near future.

Raising the entry wage to $17/hour, along with a $1/hour raise for all staff, seemed to attract more good candidates. We are still short experienced cooks at CWM, in spite of a $20/hour starting wage for these positions, so hot bar and soup at CWM is delayed. Lack of dish staff means compostables at the salad bar instead of washable dishware.

CWM had a full power outage, resulting in a $12K loss of sales. It was cold enough to put product outside so we had zero product loss. We’re waiting to learn about OSHA implementation of a Covid vaccine mandate for businesses with over 100 employees.

 

FINANCE

Summer growth was not as high as projections, which assumed full deli and Flying C. Sales are strong in both stores. Member loans: $860K will be maturing in the next four months. They were at 4.5% interest and will be raised to 5%, bringing every loan into similar terms and to reflect the Co-op’s financial health. The Board APPROVED a Staff Appreciation Bonus for the 3rd quarter, $1/hr for the period.

 

MISCELLANEOUS

The Board reviewed the ballot measures for the upcoming city election. Controller Hanah McCarthy will present the 2021 financial compilation to the Board at the retreat or the Dec. meeting. DECISION: the Nov. Board meeting is cancelled due to the retreat.

 

REVIEW OF ACTION ITEMS

EXECUTIVE SESSION