Rainbow Whole Foods Grocery, Inc.
Board of Directors Meeting
5:40 October 18, 2005

Board Members Present: Luke Lundemo, Barbara Scobee, Ann Herlihy, Amy Breckenridge, John McNeal, Absent: Nicole Jenkins

Also present: Steve Whitlow, Bruce Fraiser,
A quorum was present.

Minutes Approved: The minutes of the September Board of Directors meeting were approved. .

Member Input: Doc Mendel thanked the Board for the staff party.

Planning for the future: Barbara Scobee discussed the necessity for solid financial planning for the future of Rainbow. She also discussed the Board’s role in policy making and not managing the everyday operations of Rainbow. There was discussion of refocusing on Board Development.

Managers Report: In addition to a written report distributed to the board earlier, Steve reported that the membership drive was very successful and that sales continue to grow. He is confident that Rainbow continues to go in a very positive direction. He mentioned Amy Breckenridge’s contribution in securing used shelving from the Sack n’ Save and the new plans to maximize the square footage in Rainbow.

Financial Report: Barbara Scobee distributed several financial reports showing our profits and losses for September 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 personnel changes in the cafe.

Other Business: There was discussion about the parking problem during peak shopping times at Rainbow. A motion was made to adjourn. This motion was seconded and passed.
Meeting adjourned at 7:20 Minutes submitted by Ann Herlihy