2010 May

The meeting was called to order at 18:25 by David Finet, treasurer. There were present David Finet (DF), John Klear (JK), Yvonne Goodwin (YG), Shawn Stein (SS), Abby Youngs (AY), and Sándor Halász (HS).

All the board agreed to install John Klear.

As for the lease, YG read JK the suggested changes.

The bylaw committee lately had not met. No date was set; Jun 15th is bad for AY and YG.

Treasury report: There was no printed copy. SS & YG said they were in the dark; YG suggested that the latest be e-mailed all from Leah. SS asks whether that is in keeping with policy-governance. AY says Leah has no time to answer questions, but YG wishes to discuss this at board meeting, not by e-mail, JK also. DF asks whether a run-doun is craved, HS says yes. Profit&Loss: Sales to 47,400 28% ytd and 15.4% since a year ago April. Cost of Goods from 27,000 to 30,000, 11%. Gross Profit to 17,000 from 14,000. Payroll 24%. Total Income 6,300 higher, 4,000, to 6,150 from 4,050 April 52%. total YTD 14,700. Balance Sheet: Total Liabilities & Equity from 58,000 to 76,000. Accounts Payable same. JK says Jackson-loan payments seem almost only interest. (AY: maybe better to get a loan for this loan.)

AY says newsletter will be ready by Friday and out by mid-June.

At 19:25 the meeting was adjourned.