O&D Meeting 05/20/2025

Agenda

Old Action Items

• Revision the Wavier Stuff - Raj Tabled until after lease

• Report to Secretary of State - Jim

• Schedule Meeting with landlord and talk with landlord - Raj and Jim ASAP

• Air Conditions maintenance look into pricing. - Joe

• Talk to lockadock about intercom / removal of auto unlock - Danielle

• Look into Intercom - Joe

• Safety Committee startup - Danielle

• Take Saw blades in - Joe

• Talk to Tiff about Pete's Celebration of life - Kevin

• New location ideas - everyone

• Work on Air Stuff and possibly run a FAP - Joe

• Announce Safety Committee - Kevin

• Have another Oops meeting - Danielle

• Look into Batteries and door stuff - Joe (after Bed races) and Lock a Dock

Old Business

• Lease

• OOPS

• Faps for saw blades - Band saws, Scroll Saws, Sharpening table saw?

• Pete Robertson

• Bed Team

• Back Door - Joe

• Policy change discussion about 2 members needed for visitors.

• Handrail

Treasurer Report

• First, know that the LVL1 IRS 990-EZ filing for calendar year 2024 was completed and then submitted to and accepted by the IRS prior to the recent May 15 deadline.
  • LVL1's 2024 Opening Balance was $65,385.
  • LVL1's 2024 Revenue was $52,746.
  • LVL1's 2024 Expense was $49,064.
  • LVL1's 2024 Net was $3,682.
  • LVL1's 2024 Closing Balance was $69,067.
• Second, more recently, the month of April 2025 was back to being cash negative.
  • Here is the link for the LVL1-FinancialSummary-202504.pdf with the following values:
  • April 2025 REVENUE was $4,706.24.
  • April 2025 EXPENSE was ($5,191.83). The majpr expenses included another large LG&E bill at ($1,430.57) and the sewing machine repair course FAP expense at ($699.99).
  • April 2025 NET was cash negative at ($485.59) for the month and we are also cash negative at ($841.49) year-to-date.
• Things will improve financially if and when we add a few new members.