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Wednesday, April 24, 2024

Lake Villa District Library Finance Committee reviews proposed budget

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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2016.doc Page 1 of 1

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

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