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University City Library board meeting minutes, 9119 <br />/2007 <br />months (through Dec. 31, 207). The motion was seconded and approved. The policy <br />will be reviewed after the first three months before being continued. Employees who use <br />alternative modes of transportation (walking, biking, Metro, carpool) at least 50% of each <br />month will get $ l .00/day pay. <br />b. A motion was made, seconded and approved for the library to adopt the OOBIY - <br />CaughtBeing Good awards for the FY 07-08. A maximum of 10 awards maybe made, <br />with no employee getting more than one award in the current fiscal year. Employee's <br />meeting the award criteria receive $35 award. <br />7. President's report <br />David noted that the "Mysterious Municipals" article from the County Library Co-Lib newsletter <br />that Linda distributed said that UCity had the most hours open to the public of the nine libraries <br />listed. The article was praising UCity and the other consortium libraries. <br />8. Committee reports <br />None. <br />9. Old business <br />Larry Nolan reviewed the latest information on the library employee pension fund that was <br />presented at the pension board meeting this summer. The library portion of the fund is now <br />$172,864 under funded according to the actuary. The library's contribution is much greater than <br />what we budgeted for - $44,596 for 2007-08. This is an increase from 2006-07 caused by an <br />increase in the pension payment formula and poor investment performance. <br />Larry also said that the citizen financial task force is going to make recommendations on the <br />pension plans when it completes its meetings later this year. <br />10. New business <br />None. <br />11. Adjournment <br />The meeting adjourned at 6:12p.m., 9/19/2007. <br />Larry Nolan -Secretary <br />Page 2 of 2 <br />