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University City Library board meeting minutes, 4/15/2009 <br />President's report <br />David asked Linda to get more information on what the new Commercial property tax rate for the <br />library will be given the revised appraised values. The discussion by the board members indicated <br />that we want to hold the rate steady or roll it back so that commercial property owners do not see a <br />tax increase. Reports in the press were that for University City, commercial property had a small average increase in appraised value. <br />Committee reports <br />None. <br />Old business <br />The revisions to the draft budget for FY09-10 were discussed and approved. It was noted that the <br />budget for next year is almost the same as for this year (excluding the large planned capital <br />expense for roof replacement) thanks to gifts, and reducing the materials purchase budget <br />Pension contribution increased again this year as did insurance costs. The draft budget is close to <br />being balanced against expected revenues assuming property taxes received do not decline. <br />New business <br />None. <br />Adjournment <br />The meeting adjourned at 6:17p.m., 4115/2009. <br />Larry Nolan -Board Secretary <br />Page 2 of 2 <br />