Fondulac District Library

Board of Trustees Finance Committee Meeting

February 22, 2006

The Finance Committee meeting was called to order by co-chair Sue Herring at 3:45 p.m.

Tom Brimberry, Sue Herring and Rod Johnston were present. Also present was Amy Falasz-Peterson, Director.

The committee discussed looking at funding options for the building. Different financial planning consultants were discussed. The total project cost, targeting a 2007 referendum, is $12 million. The library would need to fund approximately $800,000.

Discussion continued about a referendum. In 1988, the library sought to double the tax rate to move into the current building. It is anticipated that the same thing will happen in 2007.

Sue Herring and Amy Falasz-Peterson decided to set up an appointment with the Regions bank manager to see if they would be able to handle such a loan.

The meeting was adjourned at 4.30 p.m.