November 15th, 2001 Minutes

 

Foundation Minutes- Board Meeting

Call to order- 3:37PM

Roll call- Debbie Tomich, Rose Mack, Lorna Frahm, Jim Ottomeyer, Bill Zollman, Tim DeGhelder,Bob Houck, Carl Sandstedt.

Motion by Jim Ottomeyer to accept minutes from September 20th meeting.

Second Rose Mack

Motion Passed

Financial Report given by Bob Houck  

Bob circulated balance sheet.  Our portfolio now reflects our Investment Policy.  The foundation is close to 65% equities investments.  Bob Houck supplied all information related to investments purchased September 27, 2001.

Bob also gave information on all Foundation investments

Motion by Rose Mack to accept financial report

Second Jim Ottomeyer

Motion Passed

 

 

Comments from the Foundation Board- by Tim De Ghelder

Bookmark Return Slips- given to all customers who check out materials.

Will provide general information about the St. Charles City-County Library Foundation-

90,000 slips will be printed- Target Date has been moved to Jan- 2002.

 

 

Staff Liaison's report- See Director's Report

 

 

Director's report- Carl Sandstedt

 

Old Business

Periodical Sponsorship Program-

Commerce Bank interested sponsoring a magazine

 

Householder Scholarship-

Scholarships given out on Staff Development Day-

Library Staff getting involved in fund-raising efforts- $288 in donations and rising.

 

 

New  Business-

 

Audit- Receipt of Auditor's Report-

 

Motion to accept Audit Report- Tim De Ghelder

Second Jim Ottomeyer

Motion passed

 

New  Business-

 

Bylaws Amendment- ARTICLE VI: FINANCES; SECTION 11. ENDOWMENTS

Motion by  Jim Ottomeyer to accept Bylaws Amendment

Second by Bill Zollman

Motion passed

 

 

New  Business-

 

Nominations of Officers for 2002-

Motion by Bill Zollman to retain current officers for 2002

Second by Rose Mack

Motion Passed

. 

Motion made by Tim De Ghelder to adjourn at 4:35pm

Second Rose Mack

Meeting Adjourned 

 

 

Next Meeting set for January 17th at 3:30pm. (Administration Building)