CALL TO ORDER
The meeting was called to order by President Mike McNeil. Board members attending were: Jane Callahan, Ed Hruska, Judy Kereakos, Mark Neville, Sue Reinke, Elizabeth Ritman, Alan Sessler, Harry Swedlund, Judith Taylor, and Bill Wiktor.
Staff Present: Kathy Olson, Administrative Assistant.
Mike McNeil welcomed new members Judith Taylor, Alan Sessler, and Bill Wiktor.
MINUTES
Motion by Sue Reinke, seconded by Mark Neville, to approve the meeting minutes from January 23, 2008, as submitted. Motion carried.
LIBRARY BOARD AND DIRECTOR'S REPORT
The Board requested that Audrey give an update at a future meeting on the SELCO situation.
COMMITTEE REPORTS
Advocacy: nothing to report.
Finance: The committee met briefly to discuss the Endowment Fund and the volatility of the stock market. Unless the market improves in the second half of the year, there will be little, if any, earnings to allocate.
For the short term, the committee recommends putting proceeds from Wit Wisdom & Wine into the money market account.
Motion by Sue Reinke, seconded by Harry Swedlund, to deposit event proceeds into the money market account vs. the Endowment Fund. Motion carried.
David Koch from Windsor Financial will be asked to give a presentation on the Endowment Fund on May 28 immediately prior to the Board meeting.
Kathy reviewed the 2007 annual fund drive results. A total of $73,684.45 was raised, less expenses of $2,591.07. $11,250 was raised for Book-A-Year endowments, $36,851.45 for the Endowment Fund, and $22,991.93 will be disbursed to the library for materials.
Development: The committee has met and started considering options. Mayo has indicated they may be willing to consider further donations to the library, although not for endowment. John and Audrey will contact Mayo to find out what they are looking for so we can focus our efforts.
Jane stressed the Importance of library tours as a wonderful way to reach people and show them what the library has to offer. The committee suggested having institutional tours for smaller businesses - i.e. open house for teachers before the end of summer; affinity groups within Mayo or IBM, etc. As Board members talk to people in the community, they should mention library tours. If there is an interest, give the contact information to John or Audrey and they will follow-up and schedule a tour.
The committee also brainstormed on how make a connection with Tom Brokaw for some type of fundraising event, similar to what was done with Barbara Bush in 1997.
We need to keep giving the library exposure to continue our fundraising success.
Special Events: Planning continues for the Amuzing Race which will be held on Saturday, June 21. We continue to solicit for leg sponsors at $500. We would like to have a total of 15 legs if we can get sponsors. We are also looking for donations for prizes.
There being no further business, the meeting adjourned at 5:30 p.m.
Respectfully submitted,
Kathy Shimek Olson
Secretary Pro Tem