New Deal Cafe Board of Directors
Present: Peter May, president, Diana McFadden, Peggy Barott, Bill Wilkerson
Excused: Pat Brent
Others: Mike Mulhaney
Pat Brent had tentatively agreed to take over
the manager’s position as Joel Moodie transitioned back to other
commitments. Pat notified the board this week that she will be unable
to accept the position at this time. The board decided to advertise and
hire a new manager, as Joel’s role will be decreasing this Fall.
The cafe enters the fourth week since the special
membership meeting, October 11 – 14, with a positive cash flow. While
finances are very tight, rent and payroll were covered, and overdue
utility bills are being paid on installment for the time being. The
cafe needs to improve its receipts over the next month. Member loans
and donations, which carried the cafe over the past month and fixed
summer’s financial shortfall, have been used up. Directors Peggy Barott
and Bill Wilkerson will work with other board members on cash flow
projections for the next month.
Volunteers have been doing a great job to help the cafe
keep payroll expenses low, and to provide service during the cafe’s
shorter hours. The volunteer coordinators were out of town for several
weeks, but other members are working to make sure the volunteer slots
are filled for the upcoming week.
Peter May reported that the loan application went
to NCB Bank on October 7, and that the bank promised to provide an
initial response within a week or two. In anticipation of potential
approval of a loan, the board decided to proceed with preparations for
renovation of the cafe.
The board agreed to post the business plan online,
except for any proprietary financial information or personal background
information of board members as requested by the bank.
Bill Wilkerson, Secretary