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Library Board of Trustees <br />Minutes <br />DATE <br />Page 6 of 6 <br />for the LPLF mission fundraising for library programs, and participation in library <br />events; Support library programs when and where possible and at the library's <br />discretion. <br />LPFL re -balanced a lot of investments to protect risk. Current target is 5% <br />and the plan is to give 4% back to the library. The goal is to protect the <br />endowment for long term emergencies. Over the last 4 years the LPFL has <br />provided a budget to the library from $43,000-$67,000. <br />New initiatives - D&O Insurance, Bank Accounts and Funding Tracking, <br />MOU with the Library, Gift Acceptance Policy, Investment Policy, Pathway for <br />Out -of -Budget Cycle $$ Requests. <br />Hoping for improvement in ... Communication to LBOT and the community, <br />fundraising on an ongoing basis, enhancing digital footprint, producing an annual <br />impact report. <br />Looking for Support - help find inroads to the Superior community and help <br />fundraising. <br />Public Comments on Items Not on the Agenda - none <br />Board Comments - <br />Sue has conquered the wasps in the little libraries. <br />Discussion Items for Next Meeting - <br />EDI, holiday staff gifts solidification, volunteer opportunities, check in on <br />MOU with Foundation, re -visit staff safety - is there any data around incidents? <br />Adjourn - The meeting was adjourned at 7:53pm. <br />