Board Meetings are held the third Wednesday of every month at 7pm here at the library. Anyone is welcome to attend.
Lawrence Memorial Board of Trustees
September 21, 2016
Board Members: Caroline Engvall, Jill Mackler, Anne Wallace, Lynn Camara, Mary Yates
Staff: Nancy Wilson
Visitors: Doug Howes, Sapphire Wealth Management
Doug is at the meeting to meet everyone, give us an update on the performance of our investments in the past year, and to advise us on some changes in the law governing investments. Because of some new rules coming soon from the Department of Labor Doug cannot manually transfer funds into cash accounts for us like Bev Knight used to. He advises that we sell our shares in ETF funds and invest in class C mutual funds instead. This will allow automatic payments to the library to continue.
Anne makes a motion to move the library ETF funds to C share mutual funds with like investment characteristics. Jill seconded. Passed unanimously.
Nancy has submitted a written report and would like to point out the circulation statistics which show we circulated nearly 1000 more items this August than last.
People have not been picking up their Alice in Wonderland DVDs. Caroline will send a reminder.
Bob Bernstein is placing a bid on the old Bristol fire station and plans to open a tool museum. He came by to mention it to Nancy and ask for some feedback. He mentioned that there may be an opportunity for more library parking. Board members think it is a nice idea.
Doug’s report reflects a more than 7% gain in investments over the past year.
Nancy has remembered since the last meeting that it is expensive and complicated for us to send a traditional letter as a fundraiser because we can no longer use a Town of Bristol bulk mailing permit. She picked up a packet at the post office about “every door direct mail,” which is an option for sending a flat flyer for 17.6 cents each. She also talked to Greg Lutton at 802 Print and Marketing. He does all of the direct mailing for politicians, the Rescue Squad, etc. in Bristol. He can design, print, bundle, and mail. Nancy will take a stab at designing something using elements of Caroline’s letter and graphics from the internet. She will also talk to Carolyn Knight to see if she can get a copy of the Rescue Squad’s mailing. We will not send anything out until after the election.
There is no new business
Adjournment: Meeting adjourned at 8:45
Agenda for the next meeting (October 19 at the library)
- Review agenda
- Visitor’s business
- Review of and acceptance of meeting minutes
- Librarian’s report
- Treasurer’s report
- Old Business
- New business
- Next meeting date
Past Meeting Minutes