Cleveland Heights-University Heights Public Library Board of Trustees meeting highlights 6-18-2018

JUNE 18, 2018

 

  • Financial report
  • Government report – HB 292
  • Public service highlights
  • Wage increases and insurance renewal

 

Present were President Abby Botnick, Vice President Chris Mentrek, Secretary James Roosa, Suzanne Moskowitz, Dana Fluellen, Max Gerboc, and Vikas Turakhia.

Financial report

The libraries fiscal officer provided a resolution to accept the financial report for the months of April and May, 2018. Contents of the financial report were reviewed and the resolution approved. Highlights of the report included a report of a total cash balance from all fund accounts of $13,698,060.89. The financial forecast through 2025 was also reviewed and approved. Highlights of this report included the 2018 budgeted expenses and receipts. Some of the receipts include money from the Public Library Fund, general property taxes, sales to patrons including passports, property rental, interest, and donations. Some of the expenditures include salaries and benefits, supplies, and capital investments.

Ohio House Bill 292

Nancy Levin shared that the Ohio legislature passed a bill affecting libraries’ ability to borrow for capital expenses. The House concurred with the Senate's changes to House Bill 292 by a vote of 86-1.

  1. The first part of the amendment would increase the percentage of borrowing power against the Public Library Fund (PLF). This is currently set at 30 percent of the average PLF receipts for the two previous calendar years. Increasing this percentage still doesn’t resolve the borrowing issue for libraries who are primarily locally funded through property tax levies, but it would take into consideration a larger percentage of their ability to repay the debt. Increasing the percentage in the statute from 30 to 40 percent is a small change but will allow for more flexibility.

  2. The second part of the amendment would change the maximum term of the bonds from 25 years to 40 years. This would be consistent with other sections of the Ohio Revised Code that apply to counties and school districts. Under current law, there is a 25-year maximum term limitation on the bonds for libraries. School districts and counties have broader authority to finance similar projects over as long as 40 years. Replacing the 25-year limitation with a longer term would extend the period of time over which library real property could be financed.

The bill has been sent to the governor for his signature.

Public service highlights

In May, Sarah Rosenberger and Youth Services Associate Colin Marshall visited Heights High and spoke with 55 students. Lee Road youth services staff visited 19 preschools and elementary schools to share stories with 1,350 children and to promote the library’s summer reading program. Youth Services Librarians Sarah Biscuso and Charlotte Blasier performed the puppet show “Tales from Around the World” for 50 children and caregivers.

Wage increases and insurance renewal

The board approved merit-based wage increases for eligible employees and the renewal of employee health care insurance.

The next meeting of the library board will be August 20, 2018.

LWV Observer: Khaliah Fisher-Grace.

To receive regular email postings of full reports, send an email to mbarnes9515@gmail.com or join through Google groups using “lwv-chuh observer reports” as a search phrase.

These reports contain member observation and selected highlights of public meetings and are not official statements of the Heights Chapter of the League of Women Voters of Greater Cleveland. This disclaimer must accompany any redistribution of these reports. 

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Volume 11, Issue 8, Posted 11:27 AM, 07.17.2018