CALL TO ORDER
The meeting was called to order by President Mike McNeil. Board members attending were: Ken Brown, Randy Demmer, Judy Kereakos, Lois Marris, Mark Neville, Sue Reinke, Elizabeth Ritman, Alan Sessler, Harry Swedlund, Judith Taylor, and Bill Wiktor.
Staff Present: John Hunziker, Communications Coordinator; and Kathy Olson, Operations Manager.
AUDIT
Tom Cummings, Certified Public Accountant, was retained by the Foundation to conduct an audit for the year ended December 31, 2007. He presented his audit findings. This was the first time the Foundation had external financial statements prepared and an external audit. The State of Minnesota requires a formal audit when revenues are over $300,000 in a given year.
Motion by Alan Sessler, seconded by Harry Swedlund, to accept the audit. Motion carried.
MINUTES
Motion by Judy Kereakos, seconded by Bill Wiktor, to approve the minutes from the May 28, 2008, meeting as presented. Motion carried.
LIBRARY BOARD AND DIRECTOR'S REPORT
John Hunziker reported that Tutor.com will be going live September 1. Tutor.com is an innovative after school program that will allow the library to reach out to kids in the community. Tutor.com will be available from 4:00-10:00 every night, including Sunday. It requires an Internet connection and an RPL library card. The student and tutor enter an "online classroom" where both parties can use a variety of tools, including instant messaging style chat and a dynamic whiteboard.
This major new initiative was partially funded with Foundation proceeds.
Staff is in the process of visiting open houses for most of the elementary and middle schools in the county. Approximately 9,000 new library cards were sent out to students. This should prove to be a great partnership since it feeds into what the School District is trying to do to give more students an opportunity to succeed. All computers at the library, including the epac computers, are set up to connect to Tutor.com.
We will get monthly reports on usage. There are approximately 19,000 students in Olmsted County; we are hoping for 10% usage.
TREASURER'S REPORT
Kathy reviewed the 2nd Quarter Treasurer's Report. The majority of revenue was from the spring direct mailing for donations and from the Amuzing Race event. We have received the final $50,000 matching grant from Mayo.
Motion by Mark Neville, seconded by Judy Kereakos, to approve the 2nd Quarter Treasurer's Report. Motion carried.
COMMITTEE REPORTS
Advocacy: No report.
Finance: No report. A note of thanks should be sent to Tom Cummings.
Development: No report.
Special Events: Once all sponsorships have been received, we should net about $12,000 from the Amuzing Race.
Planning will begin shortly for Wit, Wisdom & Wine 2009, which will be held on January 10, 2009.
OTHER ITEMS
The next meeting is scheduled for Wednesday, October 22, 2008, at 4:45 p.m. in Meeting Room B.
There being no further business, the meeting adjourned at 5:30 p.m.
Respectfully submitted,
Lois Marris
Secretary