Warren-Newport Public Library District Board of Trustees Committee Report Form Committee: Finance Date and Location of Meeting: Thursday, February 12, 2015 - McCullough Board Room Members Attending: Andrea Farr Capizzi, Treasurer; Ryan Livergood, Ex. Dir; Doug Wideburg, Bus. Mgr.; Steve Weinberg, Treasurer Emeritus Others in Attendance: George Kotsinis, Trustee; Noreen Reese, Deputy Director and about 10 Members of the Community Summary of Meeting: Meeting called to order at 8:00 pm. 1. Called to Order at 8:00 pm 2. January 2015 Financial Statements Discussed and approved as submitted The $8,000 short fall in taxes most likely will not be received, as not all households pay their taxes - at least in the current fiscal year 3. Review of Attorneys’ Fees Discussed that in future only substantive changes to policies should go to the attorney, small insubstantial changes to policies will not need attorney approval. 4. Discussion of SSARS 21 – Preparation Engagement, discussed new type of accounting report and that it is not appropriate for WNPLD 5. Discussion of 2015/2016 Budget, staff to present at next finance committee meeting fixed costs and suggestions from staff for ideas to be included in 2015/2016 budget 6. Citizen Laurie Styrcula presented her concerns 7. Adjourned at 9:02 pm What’s Next? (Owner-Action Items-Deadline) Staff to come fully prepared for budget discussions at March Finance Committee Meeting Recommendation for Board Action, if any (state in the form of a motion[s]): Approval of January financial statements, January expenses and payroll for February. Respectfully submitted, Andrea Farr Capizzi Treasurer