January 2008 Board of Finance

Wednesday, January 16, 2008

Attendance
Penny Austin, Linda Hunt, Steve Moberly, Randy Paul, Fred Risinger, Janice Stockton and John Walsh.
Absent
None
Staff
Steve Backs, Margaret Harter, Sara Laughlin, Dory Lynch, Mark Mobley, Kelly Mullis, Kathy Starks-Dyer and Michal White.
Others

Tom Bunger, Rita Lichtenberg, Antonia Matthew, Janet Patterson and Mercy Rodriguez.

Call to Order

President John Walsh called the meeting to order at 6:36pm in CATS Studio A.

Election of President and Secretary

John introduced the election of the President and Secretary for the Board of Finance. Steve moved the Board elect John as President and Janice as Vice President. Penny seconded the motion. The motion passed.

Review Investment Report and Policy

Sara said Financial Officer, Bonnie Estell is in attendance at the meeting.  She said the policy should be fresh in the minds of the Board members.  The bulk of the Library’s money is at Chase Bank.  Sara referred the Board to the succeeding pages, indicating a relatively small amount of money that came to the Library as a gift.  She indicated they can’t buy these but if they receive them they can leave them there.  Sara said if they have questions she can’t answer, she is sure she can get the information for them.

Randy asked Sara if she needs approval on this.

Sara responded this is just a review.

John asked for any questions.

There were no questions. 

Steve moved they accept the report.  Fred seconded the motion.  There was no discussion and the motion passed.

Designation of Newspapers to Give Public Notice

John explained they have historically used the Herald Times and the Ellettsville Journal as the newspapers to give public notices.

Penny moved the Board accept the Herald Times and the Ellettsville Journal as the designated newspapers in which to give public notices. 

Linda seconded the motion.  The motion passed.

Adjounment
The meeting adjourned at 6:40 pm.