Board of Trustees
River Forest Public Library
River Forest, Illinois
Minutes
Finance Committee Meeting
February 18, 2006


The meeting was called to order by Treasurer Lenny Soffer at 9:00 a.m.

Roll Call was taken.   Present were committee members, Mr. Soffer, Mr. Coe and Ms. Ryan.  Also in attendance were trustees Cusack and Horstman and Director Bussey.

There were no comments from trustees or staff and there was no audience.

The minutes of the February 3, 2006 Finance Committee Meting were approved as presented.  The minutes from the November 30, 2005 meeting were unavailable, and will be approved at another meeting.

The purpose of the meeting was to review the revised budget for fiscal year 2006-2007.  The major differences from the previously presented budget were reductions of
	$15,000 in salary and benefits
	  $2,000 in PR/Marketing
      $16,000 from adult services
        $8,700 from children’s services
        $7,000 from capital projects
 and an increase of $1,000 in interest due to decreased spending.  This reduces the projected deficit to $49,900.  There was discussion regarding the impact of these cuts, particularly the removal of the maintenance position.  Requested changes to the documents as presented was to round all amounts to the nearest $100, and to rename PR/Marketing, Patron Relations to more accurately reflect the purpose of this line item.

A motion was made to present to the full board the revised budget subject to the two recommended changes. The motion was seconded and a role call vote was taken.  Mr. Soffer, Ms. Ryan and Mr. Coe all voted aye.  The motion was passed.

There was no executive session.

A motion was made and seconded to adjourn the meeting.  The motion carried and the meeting was adjourned at 10:00 a.m..


Respectfully submitted,

Margaret Horstman, Trustee