RAINBOW BOARD MEETING MINUTES
October 21, 2008
ATTENDEES: Board members: Ann Herlihy, Joy Adams, Leo Huddleston, Patrick Jerome; Non-board members: Luke Lundemo, Bruce Fraiser, Steve Whitlow, Tully Morrison, Tom ?
A quorum was present.
The meeting was called to order at 6:11 pm.
APPROVAL OF MINUTES: The minutes were approved for September 2008 with no change.
FINANCIAL REPORT: Bruce Fraiser reports there is no financial statement because there are discrepancies in the inventory. He is going to redo inventory in two departments that had discrepancies and present the information at the next meeting.
MANAGER’S REPORT: Steve Whitlow presented the report. As expected sales were down for the month due to less shopping days and the economy. Payroll also increased due to training on the POS system and complete store inventory. Inventory count is good, however, the invoices and inventory are not in agreement. 54% of customers are nonmembers and their purchases average around $12 per purchase. Management is going to increase the number of sale items throughout the store.
CEO Report: Luke Lundemo presented the CEO report. He has sent out forms to potential renters of the front rental space and will make a follow-up call. Dinner and a Movie is continuing to do well. Small steps have begun to be made in regards to the energy audit by changing out the light bulbs and ordering programmable thermostat. A membership weekend has been scheduled for November along with a membership drive in December(half off memberships). There is a possibility of a grant to fund and provide for three more greenhouses for Rainbow Garden as well as informative signage. Also, they are exploring ways to collect rainwater. The POS System is up and running and obtaining new data! Continuing to talk with Presray in regards to a water wall for the back door to stop flooding of the store. For now, Rainbow has poured concrete to reduce the flooding.
Meeting adjourned at 7:32 pm.
Minutes submitted by Joy Adams, Secretary of the Board