Budget & Finance Minutes 6-6-24

CALL TO ORDER/ROLL CALL
 
President Seyring called the meeting to order at 6:00 p.m.
 
PLEDGE OF ALLEGIANCE
 
COMMITTEE MEMBERS PRESENT 
 
Theresa Seyring, President; Anita Forte, Vice President/Secretary; Carole Pye, Treasurer; Jillian Bernas, John Caporale, Emily Gilbert, Amy Mueller

COMMITTEE MEMBERS ABSENT 
 
None

OTHERS PRESENT
 
Julie Doren, Joseph Driskell, Annie Miskewitch, Paul Piraino, Michala Sage, Jason Santos, Molly Scheibler, Lori Teipel, Gail Tobin, Beth Valenziano
 
REVIEW OF FY 2024/2025 PROPOSED BUDGET
 
Building and Equipment
Executive Director Miskewitch presented requests that would be paid for through the Library’s Building and Equipment fund.

Committee members reviewed and discussed these requests.

At this time, the committee also discussed the property tax levy, reviewing various options presented by Finance Director Valenziano.

Personnel, Statistics, Benefits, and Staff Wage Increases
Executive Director Miskewitch presented statistics, benefits package information, personnel requests, and a cost-of-living raise for staff.

The committee reviewed and discussed these requests.

DISCUSSION OF AND RECOMMENDATIONS FOR FY 2024/25 BUDGET

After review and discussion, the Trustees recommend a 6% cost-of-living raise for all eligible staff and a 2% levy reduction.

DISCUSSION OF AND RECOMMENDATIONS FOR TRANSFER TO BUILDING AND EQUIPMENT RESERVE

The committee recommends a transfer this year of $6 million from the General Fund to the Special Reserve Fund. 

ADJOURNMENT
 
President Seyring adjourned the meeting at 8:05 P.M.