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Pequot Lakes Community Library Minutes of the Board Meeting January 15, 2008 The meeting was called to order at 6:30 p.m. by President Nancy Adams. Members present: Nancy Adams, David Anderson, Sam Hennies,Ann Hutchings,Lydia Loven, and Claire Nagel. John Longnecker was absent. There were no visitors. Lydia Loven moved, Sam Henries seconded,that the minutes of the November 20, 2007,meeting be approved. Motion carried. Ann Hutchings moved,David Anderson seconded,that the minutes from the December 11, 2007,unofficial meeting e approved. Motion carried. Treasurer's Report: We have five Endowment CD's for a total of$60,000;there are two Building CD's for a total of$20,492;there is one Rainy Day Certificate for $10,495.03 for a total in CD's of$90,492.00. There is$15,225.09 in the checking account. After discussion,Nancy Adams moved,Lydia Loven seconded,to purchase a $10,000 CD to be designated for the Building/Expansion fund. Motion carried. This would satisfy our 2008 requirement to purchase a Building/Expansion CD each year. Dave Anderson moved, Claire Nagel seconded,to have all endowment certificates paid quarterly by check that will be deposited into the library checking account. Motion - carried. The entire board thanked Dave Anderson for all of the work he does on the financials for the library. We acknowledge and appreciate the time and effort spent. Committee Reports: Volunteers are going well. The first Adult Discussion Forum is set for May 14 at 11 am. Thanks were given to Claire Nagel for all of the work she does for the library with her excellent column. Old Business: Library expansion was discussed and the struggle to know what to do. A conversation was held regarding expansion vs. a new building,location possibilities of a new building,and a variety of other issues. Nothing much was accomplished. New Business: Nancy Adams related her conversation with the Crosslake Library about gaining some county funding. It is a very long shot but we will pursue the issue. A discussion was held regarding honorariums for presenters for the Adult Discussion Forum. Lydia Loven moved,Nancy Adams seconded,that an honorarium of$50 be given to each presented of forums. Motion carried. A discussion followed regarding reimbursement for expenses by volunteers. Nancy Adams and Claire Nagel stated they would try harder to submit their bills. Lydia Loven moved, Claire Nagel seconded,to adjourn at 7:35 p.m. NEXT MEETING WILL BE MARCH 17,2008, at 6:30 p.m. THERE IS NO FEBRUARY MEETING