West Chicago Public Library Finance Committee met November 6.
Here is the minutes provided by the Committee:
I. Call to Order Richard Bloom
The meeting was called to order at 1:00 p.m.
II. Roll Call
Present: Richard Bloom, Chair; Diane Kelsey, Committee Member; Benjamin Weseloh, Library Director; Maureen Bajor, Human Resources Manager
Absent: Nancy Conradt, Ex Officio
Guests: William Bortolotti and Steven Cevaal representing BR Cevaal Insurance Advisors.
III. Approval of the Minutes
There were no minutes to approve.
IV. Recognition of the Public
No public was present.
V. Public Comments
No public comments were made.
VI. Unfinished Business
None
VII. New Business
William and Steven made approximately a ten minute presentation introducing their organization, their client base, and current issues in the insurance environment. That presentation was followed by a fifty minute question and answer session by the committee. It concluded with a three minute presentation by William and Steven on how they can assist the Library in meeting its insurance objectives. William and Steven then exited the meeting.
The committee had three additional issues to consider under new business. The committee discussed and agreed to request a credit card limit increase from $7,000 to $15,000. This was moved by Diane and seconded by Richard. The motion was approved unanimously.
The committee then discussed the Library Credit Card policy. The revisions made and presented at the meeting were moved for acceptance by Diane and seconded by Richard. The motion to accept the revised Library Credit Card Policy and recommend to the full board was approved unanimously.
The third issue discussed was raising the purchasing limit of the Library Director from $5,000 to $7,500 reflecting the recent change at the state level for competitive bidding. Diane made a motion to increase the Library Director’s purchasing limit to $7,500 and Richard seconded the motion. The motion was approved unanimously.
VIII. Recommendations to the Board
A. Increase the credit card limit from $7,000 to $15,000
B. Approve the revised Library Credit Card Policy
C. Recommend an increase in the purchasing limit of the Library Director from $5,000 to $7,500
IX. Adjournment
Richard Bloom adjourned the meeting at 2:25 p.m.
http://www.wcpld.info/wp-content/uploads/2017/12/20171106-Finance-Committee-Meeting-Minutes-searchable.pdf
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