February 2012 Minutes
Laconia Public Library
Board of Trustees
Minutes of Meeting
February 23, 2012
Volpe Room
VOTED: Minutes of regular meeting January 26, 2012. Motion: Perley; Second: Moriarty. Unanimous.
VOTED: January 2012 expenditures approved. Motion: Moriarty; Second: Juris. Unanimous. [Finance]
VOTED: Unanimously approved following change to LPL Investment Policy:
Investment Holding Guidelines
Fixed Income. 2) Overall portfolio risk…
Replace “Single A rated or higher…”with
“BBB rated or higher…”
Motion: Perley; Second: Moriarty
Michael Gallipo and Dona Murray from Laconia Savings Bank Investment & Trust Services Department updated the Board on the status and outlook of LPL’s Trust Funds. One change (see above) was made to LPL’s Investment Policy.
Laconia Public Library Board of Trustees held their regular monthly meeting in Volpe Room.
Chairman Bob Selig called the meeting to order at 5:06 p.m.
Present: Daylon Brock; Lois Juris; John Moriarty; John Perley; Director Randy Brough
Not Present: James Anderson; Marilyn Lynch; City Council Liaison Brenda Baer
Committee Reports:
Finance:
January 2012 expenditures approved. Motion: Perley; Second: Moriarty. Unanimous
Chairman’s Report:
Election of Trustees will occur at Monday (February 27) City Council Meeting.
Friends of Goss Reading Room have been offered a checking account at Laconia Savings Bank. No word from them on acceptance of the account.
Director’s Report:
Boiler has sprung a leak. Estimate from Control Technologies to repair it is $5571.00. Don Morin (installer of boiler in 2000) will be consulted for advice regarding repair vs. replacement of boiler.
Director will speak with Jon Gardner as well.
Director will also determine whether low water cutoff tests have been performed on the boiler.
Director will work with Jamie Dalton to strengthen and update children’s non fiction collection at Goss.
Next meeting is Thursday, March 22 @ 5:00 pm.
Meeting adjourned at 6:35 p.m. Motion: Juris; Second: Perley
Respectfully submitted,
