Annual Meeting & Party
Our 37th Annual Meeting & Party is scheduled for Thursday, July 12th (the opening kick-off event for La Fete de Marquette). Festivities begin Thursday afternoon with kids’ activities at 4:00 lasting until the last note is played by Curley Taylor and Zydeco Trouble at 10:30pm.
Board nominations are accepted until the end of the business meeting at the Annual Meeting. Candidate statements are also due at that time for inclusion in the August Reader… prizes are the last item on the business meeting agenda! Be there or be square! A schedule of events is included in this Reader on page 19.
AMP Tickets are available at the Customer Service desk starting NOW! Again, allow me to reiterate … changes have been made to the registration process. We will not be giving away Owners’ free tickets at the event. We will, however be signing up new Owners and selling tickets at the event. Owners are encouraged to pick up your free tickets from the Customer Service desks today!
Fiscal Year 2013 Budget
At its June 19th meeting, the Board of Directors unanimously approved the Fiscal Year 2013 (FY13) operating and capital budgets.
The FY13 budget reflects a cooperative that has grown faster than anticipated and returned to profitability sooner than expected when the West expansion was approved. In FY13, combined store sales are expected to grow 12.4% to $38.99M. Net income is projected at 1.2% of sales. Despite a capital budget of $620k and paying off over $300k of debit (including our three-year Owner Bonds, which come due in Spring 2013), the Co-op still expects to increase its cash balance by almost $250k. These are positive financial fundamentals for our Co-op.
Some highlights from the operating budget (a.k.a. income statement) include: strong sales growth, improved overall margin, and improved profitability. Doubling of funds allocated to staff training. Financial resources allocated to improve our organizational structure that will provide better branding, product, and administrative support to the organization. Staged implementation of benefit changes resulting from a two-year process of committee work, staff involvement, and final plan adoption by the GM. Implementation of several sustainability initiatives including night covers for refrigeration equipment, insulated shades for north-facing windows, and continuation of Bicycle Benefits.
Some of the highlights from the capital budget include: $400,000 allocated for planning expenses and down payments towards a summer 2013 (FY14) major remodel at East. Completion of two major projects started in FY12: East bulk liquids set and Co-op website. Replacement and upgrading of basic infrastructure (phones and wireless network) and refrigeration equipment in the Kitchen that is beyond its useful life. A new general merchandise display case at West similar to what is found at East near the island dairy cooler.
Here’s to a fruitful year to come!
willy east Mural Project
The transformation of the west wall of Willy East begins the first week of July! Artist-in-Residence Panmela Castro will be working at Willy East… a mural dedication is scheduled for Friday, July 6th in the courtyard from 6:00–8:00pm. Panmela Castro’s work can be seen here: www.vitalvoices.org/node/473.
Recycle Away from Home (RAH)
Another call for volunteer support for RAH and added festival waste reduction! The Sierra Club has partnered with neighborhood festival organizers to include recycling away from home (RAH), and is looking for volunteers to assist with recycling at these festivals. Contact Don Ferber for more information at 608-222-9376 or firstname.lastname@example.org.
red cross Bloodmobile
Red Cross Bloodmobile coming to Willy West. July 2nd, 2:00pm–7:00pm. Walk-ins welcome or visit redcrossblood.org to schedule your donation time.