Minutes, ACM 2023 Dec 10
Topics:
Present: Mike W, Vicky, Laura, Ben, Jordan, Grae, Michael _, Emily, Gheybin, Lynda, Alex, Robin, Jorge, Kerry, Tobi, Kay (notes), Vinnie
Reserve Projects
Presentation by Ben. We haven't got an updated reserve analysis back from Dale, so we will use the current analysis for the budget process. It isn't yet clear how the adjustments to the reserve we are planning will affect the amount needed.
Alternative Revenue Sources
What are revenue sources beyond our current fee structure? Start with brainstorm.
Guideline: during the brainstorm phase, no idea is a bad one.
[Ideas sorted after brainstorm into broad categories by type.]
Raise money from residents
- increase reinvestment or transfer fees (currently $500 transfer)
- individuals pledge how much they want to raise, however they choose to do it
- annual charge for east garden beds, say $100 for season
- monthly charge for vehicles beyond first one, $10 or $15/month
- charge for stays in our guest rooms beyond per unit minimum
- rent space in workshop for personal storage
Events/Sales
- Air BNB cohousing experience
- cohousing experience without staying
- casino night, bingo night
- sell skilled labor
- silent auction
- artistic events with suggested donation
- bake sale or auction nights; invite former residents
- yard sale with whatever is left from the giveaway
- dinner with donations from invitees
- annual event to which we invited friends/family/people from waiting list
funding from outside
- fund-raising letter to former residents; remember us in your will or donate towards a specific project
- host workers in common house for working in the community
- leasing part of the property to an organic farmer
- renting out the wood shop on a per-use basis
- leasing the kitchen to caterers
- turn part of the workshop into an apartment for rent
- rent space for tiny houses
Money saving
- look for ways to reduce insurance coverage
- rent tools or borrow instead of buying them
Laser talk or elevator pitch for the above