A. Thank you post cards
Meeting opened 7:40. Present were Jim Lyle, Hal, Becky, Gary, Kristie, Helen, Dave, Madelyn, Kyle.
New Business: Kristie discussed how we were a managerial board
and proposed a committee to oversee operation in stead of full board functions. After much discussion, we decided to meet weekly to facilitate board work and that the personnel committee was where this work should be done. Kristie asked for board member attendance at the personnel committe meetings.
Finance Committee: $6,600 remains in our account after paying FORC for our stock and paying approximately $1000 to electricians. We owe approximately $2500 to the rifrigeration people and about $1500 to hook up freezers. We discussed ways to raise more cash and asked Jim to continue seeking working capital sources. We briefly discussed additional insurance, including board insurance.
Education Committee: Madelyn and Dini have prepared the leaflet for neighborhood distribution. We will announce in linkages our opening date of 7/14.
Manager's Report: Gary suggested marketing ideas. We must generate alot of business. Our gross margins are not competitive. Our annual projections are too low. Gary is researching this as top priority. We will operate with tight inventory, ordering and turnover. Security system is in place. Locks will be changed. Gary shared his systems for receiving, operations, etc. FORC is providing a bar code system.
We adjourned 9:25