Rainbow Whole Foods Grocery, Inc.

Board of Directors Meeting

5:31 May 16, 2006

Board Members Present:  Luke Lundemo, Barbara Scobee, Karen Parker, Ann Herlihy, John McNeal, Amy Breckenridge

Board Members Absent:  Nicole Jenkins

Also present:  Steve Whitlow.  A quorum was present.

Minutes Approved:  The minutes of the April Board of Directors meeting and the Annual Members Day Meeting were approved with minor corrections.

Member Input:  There was no member input.

Managers Report:  Steve Whitlow presented the financial report.  He mentioned that Rainbow was closed for Easter and a half day for the annual member’s day meeting.  He stated that the numbers as compared to April 2005 continue to be up.  He discussed the membership renewal cards that have gone out were successful.  The membership at Rainbow has hit an all time high of 2,629 members.  The exterior façade renovation is now complete.  The exterior lighting has been installed.  He also stated that Easter Sunday is now a paid holiday for Rainbow employees.     

Financial Report:  Barbara Scobee distributed several financial reports for the month of April.  She reviewed our statement of cash flow, break-even analysis, and profit and loss.  She reported that all of the numbers continue to look good.    

Committee Reports:  Luke discussed the Education, Membership, Outreach Committee.  He stated that Daniel is looking into applying for small grants that could be used to expand the fall health festival.  He reported that he would have more information for the next board meeting.

Café Committee:  Amy stated that she would like to have someone else take over that committee.  She stated that the felt that she did not have enough time to devote to this committee.    

The board certified the voting results for the Annual Membership Meeting. 

The board discussed a Bylaw change for the next Membership Meeting which would be to Article 4 Section 4.  This change would allow members to be notified by email of the meeting date.

The board also discussed Board Goals for the next year.  We went over goals for the grocery store, café, and education outreach committee and board development.  It was decided to plan a Rainbow Board retreat where these goals could be discussed in depth. 

A motion was made to adjourn.  This motion was seconded and passed.

Meeting adjourned at 7:30 Minutes are submitted by Ann Herlihy