Library Finance Committee

Wheaton Public Library Board of Trustees Finance Committee Meeting October 23, 2017 I. Call to Order and Roll Call: Finance Committee Chair Ray Sanguinetti called the October 23, 2017 Wheaton Public Library Board of Trustees Finance Committee meeting to order at 6:01 p.m. in the Library Board Room. Present at roll call were Finance Committee Members Mr. McHaley, Mrs. Metanchuk and Mr. Sanguinetti. Board President, Mrs. Fenne, was there as ex officio. Library Director Betsy Adamowski and Library Finance Manager Lisa Christell-Sandri were also present. II. Citizens to Be Heard: None III. Motion to Approve the Minutes of the Finance Committee Meeting of October 17, 2016: Mrs. Metanchuk moved and Mr. McHaley seconded that the minutes of the October 17, 2016 Finance Committee meeting be approved. Roll Call Vote Ayes: Mr. McHaley Mrs. Metanchuk Mr. Sanguinetti Nays: None Absent: None Motion Carried IV. FY2018 8-Month Preliminary Budget Discussion: Mrs. Adamowski explained that the City is going to move into a calendar year budget starting in 2019. She met with City Manager, Mike Dzugan, to go over the Library’s budget draft. Mr. Dzugan stated the next budget will be tight. Mrs. Adamowski explained to the committee that a new salary benchmark should be done for the 2019 year as the last one was done in 2014. Once again, the predicted revenue for Fines and Fees is lower due to a downward trend last year and through the beginning of this fiscal year. Mrs. Adamowski was very grateful that the Friends decided to give the Library $40,000 for the 8-month budget as this is what they have usually donated for a full year. Mrs. Adamowski noted that we will now have a security firm handling the monitoring of the building in the evenings, as our Building Monitor has retired. Mr. Sanguinetti suggested other options for security that might have a lower cost. Mrs. Adamowski will speak with the City Manager to discuss some of the options. Finally, Mrs. Adamowski explained the Phase II Interior Project plans, noting that soundproofing the quiet study rooms was a priority. The Committee agreed that the draft budget can be moved to the City Manager for a preliminary review. V. Adjournment: Mrs. Metanchuk moved and Mr. McHaley seconded that the Finance Committee of the Wheaton Public Library Board of Trustees adjourn. A voice vote was taken and the motion for adjournment was carried at 7:18 p.m. Respectfully submitted, Lisa Christell-Sandri Secretary, Pro Tem