The May meeting was called to order at 17:55 by Sam Rodriguez, pres. There were present also John Starr, Tamatha Brandner, Sándor Halász, and Robert Bower.

Robert Bower, a former director, was appointed to the board for a term that ends in 2012.

Minutes. The minutes were approved.

Change of secretary. SR suggests that HS let John Klear assume the secretaryship, although he often is absent, with the help of a recording device. HS consents, and noöne objects to this proceeding.

Treasury report. There was trouble with bank-reconciliation; JS suggests that Leah Foley buy the relevant QuickBooks handbook. The handed-out balance sheet shows the first three calendar months. Assets are shown also a percent of total assets, and liabilities a percent of total liabilities & equity, and the same also from Co-Op Grocer. The coöp s such fractions are now nigher those shown in CoOp Grocer. HS suggests that these comparison reports run a full year back from the calendar month under discussion, for to show a longer trend; JS considers that. The statements are at last the promised condensed, with also interesting financial ratios compared to CoOp Grocer s.

The report was approved.

CBLD. The course is on May 21^st, SR and John Klear will go, but it is too late for TB to sign up. The course itself costs the coöp nothing.

Website. John Klear is absent: no report.

Insurance. There is director, and there is employee liability, the latter for, say suit from discharged employee—but no other coöp has it. Only half have director insurance. Maybe in case of accident someone would sue the coöp and the board, although there is some protection in the form of the corporation. The motion to buy director-liability insurance (from Cincinnati Insurance, through Brooks Insurance Agency) passes.

Stock-taking. Paula Gilbertson, director for central corridor, says reason for quarterly stock-taking is that thereby overbuying, and underbuying, but mostly shrinkage, are revealed. She says that it takes our coöp too long, surely two hours are enough. JS says that with such small variances, maybe quarterly is too many, but (SR) Paula Gilbertson recommends quarterly: our coöp is small, with no PoS system.

Original complaint: Leah Foley, the bookkeeper, has much more work after every stock-taking. Furthermore, it seems that each one takes too long.

Strictly speaking, this is operation, the GM s domain. If under the new GM all goes well, the board will say nothing about this.

Search committee and new General Manager. There were four applicants, Sasha Hulisz, Noel Habib, Lisa Blake, and Michael Kelly. The search committee, Helen Elden, too, best liked Michael Kelly (from Toledo Catholic Charities). The motion that the board offer Kelly the position passes.

JS shows table of costs for salary based on $15/hr to $20/hr. The net income is of the foregone year. The board offers up to salary based on $17/hr.