Executive Board Mtg. – September 24, 2007 Page 2
Document #07-79
LIBRARIES OF MIDDLESEX AUTOMATION CONSORTIUM
EXECUTIVE BOARD MEETING
Stella Maris Retreat Center
October 18, 2007
MINUTES
BOARD MEMBERS PRESENT:
Mary Faith Chmiel – Spotswood
Joe DaRold - Plainfield
Irene Goldberg - Monroe
Lewis Ostar – MCC
Anne Roman – Piscataway
BOARD MEMBERS ABSENT:
Robert Belvin - New Brunswick
Margie Cyr – Old Bridge
LMxAC STAFF PRESENT:
Eileen M. Palmer
The meeting was called to order at 2:10pm by President Anne Roman
APPROVAL OF AGENDA: (Document#07-72)
Irene Goldberg moved to approve the agenda of the October 18, 2007 LMxAC Executive Board Meeting. Mary Faith Chmiel seconded the motion. All members were in favor. The motion carried.
MINUTES OF THE PREVIOUS MEETING:
Joe DaRold moved to approve the minutes of the September 24, 2007 LMxAC Executive Board meeting (Document #07-73). Irene Goldberg seconded the motion. All members were in favor. The motion carried.
TREASURER'S REPORT:
In the Treasurer report, Lewis presented the detailed Financial Statements for August 31, 2007(Document#07-74) Lewis noted that the reports were normal for this time in the fiscal year. The reports were reviewed and filed for audit.
FINANCIAL POSITION STATEMENT
Balance as of 9/30/07:
Accounts Receivable $ 44,950.56
Checking $ 171,401.79
Cash Management $ 586,887.40
Development Fund $ 322,352.26
Cash Assets Total: $ 1,125,592.01
Liabilities:
Accounts Payable 10/18/07 $ 63,138.31
APPROVAL OF BILL LIST: (Document #07-75) The Board reviewed the Bill List for October. Irene Goldberg moved to approve the Bill List for October 2007. Mary Faith Chmiel seconded the motion. All members were in favor. The motion carried.
EXECUTIVE DIRECTOR'S REPORT: (Document #07-76)
The Director’s Report was provided in written form. Eileen updated the Board on the status of the audit and indicated the final audit should be ready in November.
OLD BUSINESS:
DEVELOPMENT FUND EXPENDITURES:
Jo DaRold moved to fund all major strategic planning expenditures from the Development Fund. Mary Faith Chmiel seconded the motion. All members were in favor. The motion carried.
NEW BUSINESS:
2008-2009 BUDGET (Document # 07-77): Joe DaRold moved to accept the proposed 2008-2009 Budget. Lewis Ostar seconded the motion. All members were in favor. The motion carried.
OTHER:
Eileen discussed the steps required to implement Director’s Station and indicated the results from the strategic planning survey and interviews supported that this was something the members wanted. She will develop a proposal for the Board to review.
COMMUNICATIONS: None
ADJOURNMENT:
Mary Faith Chmiel moved to adjourn the meeting. Irene Goldberg seconded the motion. All members were in favor. The motion carried. The meeting adjourned at 2:25pm. The next meeting is scheduled for November 15, 2007.
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Respectfully Submitted,
Eileen Palmer (for Margie Cyr)