FONDULAC DISTRICT LIBRARY

BOARD OF TRUSTEES

MINUTES OF THE REGULAR MEETING

April 27, 2009

Members of the Fondulac District Library Board of Trustees met in regular session on Monday, April 27, 2009. President Hale called the meeting to order at 6:04 p.m.

On roll call the following members were present: Mrs. Cole, Mr. Hale, Mrs. Herring, Mr. Johnston, Mr. Lasswell and Mrs. Robison. Also present were Mrs. Geier, Business Manager and Theresa Sloan, IT Supervisor. Steve Larson from Ehlers & Associates and Lothar Vogel were also in attendance.

M/S/P (Johnston/Herring) to accept the minutes of the March regular meeting as corrected.

The bills were presented for payment.

M/S/P (Cole/Lasswell) to accept the Treasurer’s Report and payment of bills subject to audit.

Treasurer’s report:

GENERAL FUND CHECKING

03/30/09 Balance 4,697.06

03/06/09 Returned check, insufficient funds (18.75)

03/09/09 Analysis fee (221.80)

03/31/09 Transfer – Investment to checking 22,000.00

04/02/09 Checks issued – Payroll (22,405.70)

04/02/09 Checks issued – Utilities (341.60)

04/03/09 Deposit – Fines, fees, misc. 385.09

04/09/09 Deposit – Fines, fees, misc. 577.05

04/14/09 Transfer – Investment to checking 21,500.00

04/16/09 Checks issued – Payroll (22,491.33)

04/16/09 Checks issued – Utilities (1,906.92)

04/16/09 Check issued – Credit card (155.47)

04/16/09 Checks issued – NCPERS group life (64.00)

04/16/09 Deposit – Fines, fees, misc. 573.74

04/23/09 Deposit – Fines, fees, misc. 688.37

04/27/09 Transfer – Investment to checking 22,500.00

04/27/09 Checks issued – Bills (23,932.70)

04/27/09 Balance 1,383.04

GENERAL FUND SAVINGS

03/30/09 Balance 3,538.15

03/31/09 Interest 3619307057 .15

04/27/09 Balance 3,538.30

GENERAL FUND INVESTMENT

03/30/09 Balance 472,567.03

03/31/09 Transfer – Investment to checking (22,000.00)

03/31/09 Interest 7139120393 176.49

04/09/09 Deposit – Replacement tax 22,980.15

04/14/09 Transfer – Investment to checking (21,500.00)

04/27/09 Transfer – Investment to checking (22,500.00)

04/27/09 Balance 429,723.67

WORKING CASH FUND

03/30/09 Balance 252,443.67

03/31/09 Interest 7139120401 85.95

04/27/09 Balance 252,529.62

RESERVE FUND

03/30/09 Balance 2,134,463.42

03/31/09 Interest 7139120419 726.77

04/27/09 Balance 2,135,190.19

ENTERPRISE FUND

03/30/09 Balance 38,398.88

03/31/09 Interest 6900342215 1.52

04/09/09 Deposit – Rent 250.00

04/16/09 Check issued – Cilco (5.14)

04/16/09 Check issued – Mary Hamlet (100.00)

04/27/09 Check issued – Bill (3.44)

04/27/09 Balance 38,541.82

Mrs. Geier made two authorized transfers in April. The first one on April 14^th was for $21,500 and second one on April 27^th was for $45,000. All transfers were from the investment account to the checking account.

M/S/P (Cole/Lasswell) to go into executive session at 6:08 p.m. to discuss sale/purchase of property. Mr. Hale invited Mr. Vogel to stay. All present voting yea.

M/S/P (Lasswell/Cole) to return to regular session at 8:30 p.m. All present voting yea.

Mrs. Geier informed the board that Reverend Stoll came into the library to report that his truck, which he keeps parked in the library’s parking lot, was damaged by a tree limb during the April 23^rd storm. Mrs. Geier contacted the library’s insurance agent and was told that as long as it was a healthy tree, the library is not responsible for repairing his vehicle.

Mr. Johnston is attending an Illinois Funds workshop on April 30^th. He will report at the next meeting.

Mrs. Geier reported that the cost for the non-resident card for 2009 is $126.

M/S/P (Lasswell/Herring) to approve participation in the non-resident card program.

Mrs. Herring reported on Alliance Library System news.

Mr. Vogel stated that he was wondering who the board’s financial advisor was, but after sitting in on the executive session; he was under the impression that it was our attorney.

Mrs. Robison stated that in case she can’t make it to the next meeting, she has really enjoyed her time on the board.

M/S/P (Lasswell/Johnston) to adjourn at 8:45 p.m.