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Minneapolis Telecommunications Network

Board Meeting Agenda

Monday, November 25, 2019

  1. Strategic Planning - Closed Session
  2. Call to Order
  3. Presentation on the new Strategic Planning language
  4. Vote on Strategic Planning 2020-2025
  5. Presentation on the proposed budget for FY2020
  6. Vote on FY 2020 Budget
  7. Adjourn meeting

MINUTES - November 25, 2019

MEETING RECORDING: N/A

Attendance:  David Allison, Ilsa Olson, Misty Lewis, Michelle Kimbrough, Valerie Lockhart

Public in Attendance: None

Absent: Destaye Crawford, Mohamad Alameh, Troy Peterson

Meeting called to order: 8:33pm

Strategic Planning 2020-2025 vote: Strategic Planning initiatives were discussed and approved by a quorum of four board members (including the Executive Director); two members were absent. The initiatives will be used to focus on key projects that further MTN in providing services to the community and gaining financial independence. The strategic plan will be submitted as part of the City of Minneapolis RFP due December 9th. Metrics/measurements of success, assignment of responsibilities and timelines will be discussed on 12/9.

FY2020 proposed budget: Discussed capital projection for 2020.  Key notes: Grant goal decreased from $75,000 in 2019 to $48,000 in 2020. Corporate sponsorship goal increasing from $0 to $12,000. Production for next year will continue to be tiered funding. Expenditures will stay consistent with this years. City of Mpls RFP requires a partnership with a for-profit entity. To achieve this, MTN will be partnering with DBE Restaurant for food services and a legal firm for production member services. Both vendors have already been vetted by the City and approved to provide services. 10% ($47,000) of the budget will be used to support these partnerships.  MTN anticipates a decrease in revenue by $40,000. Proposed 2020 budget aligns with new strategic plan. The budget for 2020 balances at $573,600.  The Board voted and approved the 2020 budget with a quorum of four board members (including the Executive Director); two absent.

Board Meeting Adjourned: The meeting was adjourned at 8:50 pm.