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1994-02-28 City of Beverly, Massachusetts Public Meeting Minutes Board: Library Trustees Subcommittee: Finance Committee Date: 02/28/1994 Place: Beverly Public Library Board members present: Nancy A. Bender, Edward E. Brindle, Diane J, Costa, Margaret L. DeSantis, Katherine L. Fanning, Margaret C. Goodwin, Neil B. Olson, and Helga Senko Board members absent: George Heller Others present: Recorder: Anna Langstaff Finance Committee Meeting Board of Trustees - Beverly Public Library February 28, 1994 7:00 PM Present: Edward Brindle, Chair, Margaret DeSantis, Kay Fanning. Also present were trustees: Nancy Bender, Diane Cosha, Margaret Goodwin, Neil Olson, and Helga Senko. Also present: Thomas Scully, Anna Langstaff. FY 94/95 budget needs to be submitted to City Hail on March 1, 1994. Thomas Scully handed out a proposed budget for FY94/95 of $740,530.52 for the committee to review. A discussion took place on how to calculate for a 53 week salary year. Tom Scully also submitted an alternative budget of $933,199.90 based on what he felt was the minimum operating budget for a library of this size and scope. This "wish list" budget, accompanied by an informational package, could be presented to the Mayor and City Council. A general discussion followed. The finance committee recommended that the full Board approve the proposed budget of $740,530.52 for FY 94/95. In addition, the finance committee agreed to present to the full Board an alternative "wish list" budget of $933,199.90 based on a minimum operating budget for a library of this size and scope with its recommendations that both budgets be submitted to the Mayor and City Council. Finance Committee meeting was adjourned at 7:20 PM. Anna Langstaff, Recorder