AGENDA:  CORTLAND COMMUNITY LIBRARY BOARD FOR MARCH 19, 2014


MEETING TO BE HELD AT THE CORTLAND TOWN HALL AT 7 PM.
POSTED February 24, 2014

CALL TO ORDER:

Approval of minutes of February 19, 2014:
Approval of February 2014 Treasurer’s Report and Expenditures:
Acceptance of Librarians Report about February 2014

 UNFINISHED BUSINESS /DISCUSSION AND POSSIBLE  ACTION:

  1. HEARING OF CITIZENS
  2. LIBRARIANS WORKING TOGETHER…MEETING REPORT & MARCH 7 , 2014 STAFF TRAINING
  3. FUNDRAISING IDEAS (?)
  4. GRANTS:  APPLIED FOR AND/OR RECEIVED
  5. MRS. COWARD’S RETIREMENT & NEW DIRECTOR POSSIBILITIES TO DISCUSS, AND POSSIBLE ACTION
  6. POSSIBLE SPILMI APPLICATION FOR NEW DIRECTOR(?)

NEW BUSINESS/DISCUSSION AND POSSIBLE ACTION:

  1.  FINANCIAL POLICIES AS RECOMMENDED BY THE AUDITORS/ DISCUSSION AND POSSIBLE ADOPTION
  2. REVISE CURRENT BUDGET;  ADD $500 FROM KATZ FAMILY FOUNDATION GRANT TO GRANT INCOME LINE ITEM AND ADD THAT $500 TO CIRCULATION MATERIALS EXPENSE LINE ITEM/ DISCUSSION AND ADOPTION
  3. DISCUSSION AND POSSIBLE ADOPTION OF THRESHOLD DOLLAR AMOUNT FOR CAPITALIZATION,  AND A  CAPITAL ASSET POLICY FOR CORTLAND LIBRARY
  4. TRUSTEE TRAINING/ OAKBRROK      VICTORIA  HAIER
  5. PER CAPITA REQUIREMENTS FOR 2015 GRANT

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SUGGESTED FUND BALANCE POLICY:   Consistent with Generally Accepted Accounting Principles, it shall be the policy of the Board to maintain a Fund Balance of up to 3 months of estimated operating expenses for Cortland Community Library.