August 21, 2006

PRESENT: Peggy James, Ann Mueller, Cynthia Nelson, Tania Nezrick, Ruth Peterson, Mary Helen Polensky, Kathy Stelford

ABSENT: Judy Krajewski,

The meeting was called to order by President Nelson at 7:03 p.m. The minutes from the last meeting were circulated. There was no official business transacted at the July meeting for lack of a quorum.

James referred to the financial reports which she circulated earlier via email. With the transition to the POS system, she elected not to do a physical inventory count at the quarter end. She estimated the inventory value by noting the second quarter trends for the past two years of sales, and derived an estimated percentage of change to apply to all departments.

While we have actually paid in full for the POS system, it appears as expense only by way of quarterly depreciation. The full cost of the equipment is being depreciated over a five-year period.

Insurance expenses are significantly over budget because we are prepaid through 5/31/07 both for business owners and workers compensation,

Bank charges continue to exceed budgeted amounts due to the volume of credit/debit card transactions and their associated fees.

The second quarter was another money-making quarter. Sales are starting to pick up again with the fall season.

POS Product information input did not go as fast as was anticipated. This, however , turned out to be a good thing because a software change was necessary in the midst of the process due to a company takeover of the software provider. The new software is a supermarket software which provides more depth and is working well. It did not cost us more and is a better program.

The equipment is all running fine. The air conditioning is fixed.

Mr. Carpenter, the building owner has not responded to our offer. We need to continue to look for other options but right now we need to focus on reset. Should people wish to pursue looking at options, however, we would encourage it.

Nelson will be calling an AD HOC Committee meeting in August or early September.

The Alternative Energy Fair in Oregon had the best turnout yet it seems from an informal survey. There were more food booths than before. Someone questioned our health department certification. We are approved by the state and DeKalb County Health Department. It is important to have our brochures there so that our food is clearly identified. We are careful to do this. We netted about $275 plus gained lots of publicity. Tania Nezrick and some Boy Scouts staffed the booth for the weekend.

Barnhart’s Stone Corner Farm Market near Oregon is a possible source for organic vegetables in the future, but does not have the certification as yet though the paper work has been filed.

The fall General Membership Meeting is set for Sunday, Nov 12.

Board members whose terms expire this year are Nezrick, Polensky, Peterson, and Stelford. All are willing to be considered for reelection.

Stelford suggested Kristy Site as someone who may be interested in serving on the board. She is not a member now but should be invited to join.

Further discussion regarding possible other sites for the coop included investigating the former Welsh Industries building and the former Sawyer Imports building. There may need to be another Ad Hoc committee that deals with possible relocation. We are open to any member who might wish to serve on such a committee.

Ruth N Peterson

Secretary