Library Finance Committee

Wheaton Public Library Board of Trustees Finance Committee Meeting November 9, 2015 I. Call to Order and Roll Call: Chairman John Piemonte called the November 9, 2015 meeting of the Finance Committee of the Wheaton Public Library Board of Trustees to order at 7:01 p.m. in the Board Room. Present at roll call were Finance Committee Members Mr. Harding, Mrs. Lindsey and Mr. Piemonte. Board President, Mrs. Fenne, was there as ex officio. Also in attendance were Library Board Members Laurie Metanchuk and Barb Wonser. Library Director Betsy Adamowski and Library Finance Manager Lisa Christell- Sandri were also present. II. Citizens to Be Heard: None. III. Minutes of the Finance Committee Meeting of October 12, 2015: Mrs. Fenne moved and Mr. Harding seconded that the minutes of October 12, 2015 be approved. Roll Call Vote Ayes: Mrs. Fenne Mr. Harding Mrs. Lindsey Mr. Piemonte Nays: None Absent: None Motion Carried IV. Budget FY2016-2017: Mrs. Adamowski gave an update of the budget for FY2016/2017. She stated that she did meet with City Manager, Don Rose, to report to him on the library’s budget process and he was happy with the report. She stated that the Library is within the City-recommended amount of 2% over/under the prior year budget. Fines and Fees are being budgeted under last year after looking at the last few years and seeing that they were down a bit, otherwise most everything in the budget is close to last year’s numbers. V. Five-Year Financial Forecast – Fiscal Years 2017-2021: Mrs. Adamowski presented the committee with the library’s first attempt at putting together a five-year forecast for the City Council. The five-year forecast is a required process that all city departments must do and Mrs. Adamowski is pleased that the library will now be included in this forecast. VI. Adjournment: There being no further business of the Finance Committee of the Wheaton Public Library Board of Trustees, Mr. Harding moved and Mrs. Fenne seconded for adjournment. The meeting adjourned at 7:43 p.m. Roll Call Vote Ayes: Mrs. Fenne Mr. Piemonte Mrs. Lindsey Mr. Harding Nays: None Absent: None Motion Carried Respectfully submitted, Lisa Christell-Sandri Secretary, Pro Tem