FONDULAC DISTRICT LIBRARY
BOARD OF TRUSTEES
MINUTES OF THE ANNUAL/REORGANIZATION MEETING
May 22, 2006
Members of the Fondulac District Library Board of Trustees met in regular session on Monday, May 22, 2006. Vice President Herring called the meeting to order at 6:31 p.m.
On roll call the following members were present: Mrs. Cole, Mrs. Herring, Mr. Johnston and Mr. Lasswell. Also present were Ms. Falasz-Peterson, Director, Miss McKeever, Assistant Director and Mrs. Geier, Administrative Assistant. Mr. Brimberry, Mr. Goff and Mr. Mingus were absent.
M/S/P (Johnston/Lasswell) to accept the minutes for the April meeting and the minutes of the May 15th special meeting of the Board of Trustees.
The library
statistical report showed receipts of $1,706.54 for May. There was an increase in
The bills were presented for payment.
M/S/P (Johnston/Lasswell) to accept the Treasurer’s Report and payment of bills subject to audit.
Treasurer’s Report:
GENERAL FUND CHECKING
04/27/06 Balance 1,209.04
04/06/06 ACH Transfer fee (47.68)
04/28/06 Deposit – Fines, fees, misc. 588.82
04/30/06 Interest 3066700474 2.67
05/01/06 Transfer – Investment to checking 21,000.00
05/04/06 Checks issued – Payroll (21,431.88)
05/05/06 Deposit – Fines, fees, misc. 490.57
05/12/06 Deposit – Fines, fees, misc. 350.94
05/16/06 Transfer – Investment to checking 30,000.00
05/16/06 Check issued – State Farm (82.50)
05/16/06 Check issued – RK Dixon (9,000.00)
05/18/06 Checks issued – Payroll (21,631.25)
05/18/06 Checks issued – NCPERS Group Life ins. (52.00)
05/19/06 Deposit – Fines, fees, misc. 276.21
05/22/06 Transfer – Investment to checking 31,000.00
05/22/06 Checks issued – Bills (30,767.44)
05/22/06 Balance 1,905.50
GENERAL FUND SAVINGS
04/27/06 Balance 3,498.70
04/30/06 Interest 3619307057 .46
05/22/06 Balance 3,499.16
GENERAL FUND
INVESTMENT
04/27/06 Balance 316,734.55
04/30/06 Interest 7139120393 1,304.29
05/01/06 Transfer – Investment to checking (21,000.00)
05/04/06 Deposit – Replacement taxes 15,195.35
05/16/06 Transfer – Investment to checking (30,000.00)
05/22/06 Transfer – Investment to checking (31,000.00)
05/22/06 Balance 251,234.19
WORKING CASH FUND
04/27/06 Balance 263,107.07
04/30/06 Interest 7139120401 998.28
05/22/06 Balance 264,105.35
RESERVE FUND
04/27/06 Balance 1,300,505.24
04/30/06 Interest 7139120419 4,934.40
05/22/06 Balance 1,305,439.64
04/27/06 Balance 27,966.24
04/28/06 Deposit – Rent 200.00
04/30/06 Interest 6900342215 4.85
05/05/06 Deposit – Rent 420.00
05/19/06 Deposit – Rent 250.00
05/22/06 Checks issued – Bills (126.97)
05/22/06 Balance 28,714.12
Mrs. Geier made three authorized transfers in May. The first on the 1st was for $21,000, the second on the 16th for $30,000 and the third on the 22nd for $31,000. All transfers were from the Investment Fund to the Checking Account.
Ms. Falasz-Peterson reported that we will be having an ICC intern again this summer. Jackie Schwenk is working on her LTA and will begin on May 30th.
Ms. Falasz-Peterson handed out an article from the Peoria Journal Star which stated that we would probably not receive any tax monies until September. We have contacted the county regarding our EAV, but were informed that it would be at least the end of June before we have that information.
Under “Board Development” Mr. Johnston reported on the
Treasurer’s symposium he attended in
Mrs. Herring reported that the finance committee will meet after a proposal from PSA for consultant work is received.
M/S/P (Johnston/Cole) to adjourn sine die. On roll call: Mrs. Cole-yea; Mrs. Herring-yea; Mr. Johnston-yea; Mr. Lasswell-yea.
M/S/P (Lasswell/Cole) to appoint Mrs. Herring President Pro-Tem. On roll call: Mrs. Cole-yea; Mrs. Herring-yea; Mr. Johnston-yea; Mr. Lasswell-yea.
Mr. Johnston nominated Mrs. Herring for the office of President. Mr. Lasswell seconded the nomination. On discussion, Mrs. Cole stated that generally a person holds an office for two years. Mr. Johnston stated that his concern is the absenteeism of the current president. He feels that we need someone who is available during the upcoming months. He feels that we need someone who can show leadership and have a positive attitude. Mr. Lasswell agreed with Mr. Johnston.
M/S/P (Johnston/Lasswell) that the nominations be closed. All present voting yea.
Mr. Johnston nominated Mr. Goff as Vice President. Mrs. Cole seconded the nomination.
M/S/P (Johnston/Cole) that the nominations be closed. All present voting yea.
Mr. Lasswell nominated Mr. Johnston as Treasurer. Mrs. Cole seconded the nomination. On discussion Mrs. Cole asked if Mr. Johnston is just starting his second term as treasurer or third. Mr. Johnston stated that he would be starting his second term.
M/S/P (Lasswell/Johnston) that the nominations be closed. All present voting yea.
Mrs. Cole nominated Mr. Lasswell as Secretary. Mr. Johnston seconded the nomination.
M/S/P (Johnston/Lasswell) to close the nominations. All present voting yea.
M/S/P (Lasswell/Johnston) to return to regular session at 6:56 p.m. with a new slate of officers in place.
M/S/P (Cole/Lasswell) to go into executive session at 6:59 p.m. to discuss matters of personnel.
M/S/P (Cole/Johnston) to return to regular session at 7:09 p.m.
M/S/P (Johnston/Cole) to accept the staff salary schedule as presented for fiscal year 2006-07.
Mrs. Herring stated that the board would like Ms. Falasz-Peterson to prepare some goals for herself for the next year. Mrs. Herring will meet with her before the next board meeting.
M/S/P (Lasswell/Cole) to accept Clifton Gunderson as the library’s auditor.
M/S/P (Lasswell/Johnston) to approve the transfer of the general fund balance to the reserve fund at the end of the fiscal year.
Mr. Johnston reported on ALS news
M/S/P (Johnston/Lasswell) to adjourn the meeting at 7:25 p.m.