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Finance Committee Minutes (April 2010)

Steger-South Chicago Heights Public Library 

Board of Trustees

Minutes of the Finance Committee Meeting

Tuesday, April 27, 2010 1:30 pm 

President Stroube called the meeting to order at 1:32 pm 

ROLL CALL:

Present:  Fiorenzo, Holecek-Sherman, Stroube, Thurmond

Also Present: Lisa Morrison Korajczyk, Director 

PUBLIC COMMENTS:

None 

NEW BUSINESS:

There was a lengthy discussion at the Finance Committee concerning the expenditure amounts for the Authority to Spend Policy.  Trustee Thurmond made a motion and Trustee Holecek-Sherman seconded that the committee recommend the following policy to the full Board of Trustees. Upon a roll call vote the motion passed. 

The library director of the Steger-South Chicago Heights Public Library is authorized to spend $500.00 on any single item without prior board approval. The library director of the Steger-South Chicago Heights Public Library is authorized to spend up to $10,000.00 on any single item only with the approval of the full board. The Steger-South Chicago Heights Public Library may spend in excess of a $10,000.00 only after completing the formal bid process as described in Illinois law. In case of emergency, the library director of the Steger-South Chicago Heights Public Library may spend $5,000.00 with the approval of any two officers of the library board. 

Ayes: Fiorenzo, Holecek-Sherman, Stroube, Thurmond

Nayes: 0 
 

ADJOURNMENT:

Trustee Thurmond made a motion and Trustee Fiorenzo seconded that the Finance Committee meeting be adjourned. Upon a voice vote the motion passed. The meeting was adjourned at 1:55 pm.