At a recent meeting, the Lake Villa District Library Board's Audit and Finance Committee reviewed the proposed 2016-2017 budget.
Below are the minutes for this meeting, as provided by the committee.
Exhibit 4.b.
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Lake Villa District Library
Board of Trustees
Audit & Finance Committee
Meeting Minutes
Date: April 25, 2016
Audit & Finance Committee: (Chairman - Trustee Venturi)
Attendance:
Committee: Trustees: Gallagher, Gundrum, Hartwig, Nieman, Quinn-Krajniak, Rettinger, and Venturi
Ex Officio: Lentine
Guests: None
Convened: 6:35 PM
Public Comments: None
Minutes:
Audit & Finance
Director Lentine presented the Board with an overview of the fiscal year 2016/2017 budget. She explained the estimate of revenue, highlighted the significant changes to the working budget, and presented the proposed salary pay scale.
Approval of the FY 16/17 budget will be on the June 13, 2016 Board meeting agenda.
Public Comments: None
Adjourned: 7:34 PM
Attachments: None
Motions: Approve FY 16/17 Budget at June 13, 2016 Board meeting