O&D Meeting 07/21/2024

Agenda

Old Action Items

• Talk to Sean (and Raj) about "LG&E Bill Leveling" allowance process for budget. - Charles

• Trifolds Jim & Adam.

• Forward MemStim info to Danielle - Tif

• Talk to MemStim - Danielle

• Revision the Wavier Stuff - Raj

• Get Lock-a-dock Lawyer Questions - Raj

• Reach out to Metal Matt about 3d printers - Danielle

• Researching the Business Savings Account - Jim
  • The following link is the proposal submitted for O&D authorization to proceed:
  • LVL1 Proposed Business Savings Account 20240702,pdf

• Start a fap on the Air Compressor - Adam

Old Business

• Lease
• Soda Machine Stuff - Lock-a-doc
• Lawyer Stuff / Wavier
• Selling the Makerbot and Biques
• Mural discussion - Adam
• Promotional Materials - Adam
• OOPS
• Hand Rail - Pete

Treasurer Report

• Year-to-date through June summary:
  • Revenue is trending below budget, barely above expenses. We need to grow membership.
  • Expense is trending at/near the budget target. The monthly LG&E bills are trending lower.
  • As a result, net is trending below budget. Net (Revenue minus expense) for June was $44.05.
• Here is the link to the numbers in the June report LVL1-FinancialSummary-202406.pdf
• Know that while recent and pending FAP's are needed, we will draw from our reserves to fund them.
• Know that I will be working in the coming months to move this current spreadsheet accounting to QuickBooks Online Plus, in consultation with DanielJ.

New Business

• Faps - Bamboo and Sewing
• Dues increase - Lay out a timeline

Action Items for Next Meeting

• Start putting money in the Live Oak Bank. - Jim

• Start the fap for the air compressor. - Adam

• Message Landlord about having a face to face conversation to go over issues that we have with the lease. - Kevin

• Finalize Brochures - Adam

• Meet and update membership numbers in minutes - Danielle, Tiff, Jim.

• Contact Paul about parts to fix the CR10 - Jim

• Contact the "Contacting Members" Committee - Danielle

• Set a date for a purge of the boneyard. - Kevin

• Draft a letter to members about the dues increase/ brainstorm solutions. - Jim and Tiff.