Rainbow Whole Foods Grocery, Inc.
Board of Directors Meeting
Board Members Present: Luke Lundemo, Barbara Scobee, Ann Herlihy, Amy Breckenridge, John McNeal, Nicole Jenkins
Also present: Steve Whitlow, Charlotte Lundemo, Kenny Strehl, Diane Bradford, Domini Bradford, Beth Ramsey, Bruce Fraiser, Hunter McGee, Daniel Johnson, Todd Goode.
A quorum was present.
Minutes Approved: The minutes of the August Board of Directors meeting were approved with minor typographical errors corrected.
Managers Report: In addition to a written report distributed to the board earlier, Steve reported that Rainbow broke $200,000 in sales for the month of August. He discussed the impact of Hurricane Katrina and that in spite of the hurricane the number of shoppers went up along with the number of memberships. He also discussed the establishment of an emergency fund and that he is still in the process of giving staff raises. His prediction is that September is going to continue in a positive direction.
Financial Report: Barbara Scobee distributed several financial reports showing our profits and losses for August and comparing those numbers to the previous month. We also reviewed our balance sheet in comparison to last month and a statement of cash flow.
Committee Reports: Luke presented a report from the café committee. He discussed the purchase of a new ice machine, which will service the café and also the produce. This ice machine has a 5-year warranty and is portable. He also reported on the positive feedback generated from the comment cards in the café.
Membership Committee. Luke reported that the book “Beating the Food Giants” has been distributed to approximately 60 new members of Rainbow. The Community Outreach Education Committee reports that the Rainbow Guide has been published and 500 have been distributed. Since this guide is self-published at no cost to Rainbow he will be able to add more advertising as new people wish to be included. The cover was printed on 100% postconsumer waste and with soy ink. The committee continues to work on the Rainbow Newsletter. The Business Development Committee did not meet. The By-laws Committee did not meet. The Board Development Committee did not meet. Luke discussed that we have a Board position to be filled. He also discussed defining what qualities a potential board member should possess and compiling a packet for potential Board members outlining duties, responsibilities and commitment of time. .
Other Business: Luke also discussed the need to address the relationship between the Board of Directors and the General Manager. He discussed the need to draw up a job description.
There was other discussion from various Rainbow employees concerning staff development and management training. A motion was made to adjourn. This motion was seconded and passed.
Meeting adjourned at