FY19 - February Board Meeting
6 to 8 pm, Wednesday, February 20, 2019
Mariana Shulstad, Vice President
Note: This meeting was canceled due to a snowstorm.
Mariana Shulstad, Vice President
Note: This meeting was canceled due to a snowstorm.
AGENDA
1. Supper / Call to Order - Mariana Shulstad (6 to 6:05 pm)
2. Diversity Planning Process for Textile Center - Karl Reichert (6:05 - 6:30 pm)
3. FY20 Draft Budget - Jeanne Hilpisch, Karl Reichert , and Jayne Usery (6:30 - 6:50 pm)
4. Finance Committee - Jeanne Hilpisch (6:50 to 7 pm)
5. Update on Textile Center Employee Benefits Update - Carol Mashuga (7 - 7:10 pm)
6. Board Governance - Mariana Shulstad (7:10 - 7:15 pm)
7. Fund Development Committee - Mariana Shulstad & Karl Reichert (7:15 to 7:45 pm)
8. Staff / Garage Sale Updates - Nancy Gross (7:45 - 7:50 pm)
9. Adjourn - Mariana Shulstad (7:50 pm)
1. Supper / Call to Order - Mariana Shulstad (6 to 6:05 pm)
- Approval of Agenda
- Approval of Minutes for January 16, 2019 meeting - Click Here
2. Diversity Planning Process for Textile Center - Karl Reichert (6:05 - 6:30 pm)
- Textile Center was selected to be the case study for a graduate course at the University of Minnesota's Humphrey School of Public Affairs. Twenty-one graduate students participated in the course titled: "Stakeholder Skills for Leaders & Planners." The all-day session was held on Saturday, Feb. 9, and Karl will offer a report to the board. This is the description from the course catalogue:
- "Stitching Stakeholder Ideas into a Diversity Plan for Textile Center"
This semester our real-world client is Executive Director Karl Reichert of Textile Center, just east of campus at 3000 University Avenue S.E. Minneapolis. His organization celebrates its 25th year in 2019 and is halfway into a five-year strategic plan that calls for a plan to "Expand and Diversify Participation." The question for us to answer is: "HOW?"
3. FY20 Draft Budget - Jeanne Hilpisch, Karl Reichert , and Jayne Usery (6:30 - 6:50 pm)
- This month we present the first draft of the FY20 budget. (Draft budget and narrative attached below.)
4. Finance Committee - Jeanne Hilpisch (6:50 to 7 pm)
- Review of January 2019 Financials (Financial narrative and dashboard attached below)
- Motion: Accept January 2019 Financials
5. Update on Textile Center Employee Benefits Update - Carol Mashuga (7 - 7:10 pm)
6. Board Governance - Mariana Shulstad (7:10 - 7:15 pm)
- Update from Nominating Committee
7. Fund Development Committee - Mariana Shulstad & Karl Reichert (7:15 to 7:45 pm)
- Grants update
- Annual Fund - Friend Raising Breakfast set for Thursday, May 16, 2019
- 25th Anniversary: Board role for Open House/Birthday Party set for Monday, April 1, 2019 from 11 am to 3 pm
- 25th Anniversary Gala set for Monday, October 21, 2019
8. Staff / Garage Sale Updates - Nancy Gross (7:45 - 7:50 pm)
9. Adjourn - Mariana Shulstad (7:50 pm)
Documents (click to download)
FY20 Budgeting
FY20 Budget Narrative.pdf |
DRAFT FY20 Budget.pdf |
FY20 Work Plan |
Finance Committee
January 2019 Financial Narrative.pdf |
Textile Center January 2019 Financials.xlsx |