Finance Committee
2000-2001

The Finance Committee will serve as a resource to the Executive Director and Clerk-Treasurer in the area of financial and budgetary matters including previewing grant modifications and transfers prior to board meetings. It is the Executive Director and Clerk-Treasurer's responsibility to monitor the budget and alert the Committee and Board to potential problems. The Committee will make sure NOLA's goals are met through the best possible application of the available funds.

The Committee will:

Make recommendations concerning ways to retain the state funding for the next biennium beginning in 2001;

Encourage the development of a Programming Continuation Fund in case of a funding crisis;

Examine the current member fee structure and recommend special service fees for non-member libraries, taking into consideration the cost-benefit ratio experienced by member libraries.

The Committee will encourage the Board and staff to explore new ways to generate $75,000 in revenue each year.

Develop a funding mix that includes a diversity of possibilities.

The Committee will review all grant applications for the 2000-2001 fiscal year to make sure that allocations in the proposals reflect the goals and objectives outlined in the Strategic Plan.

Contracts for service providers of optional programs and reference and interlibrary loan services must be reviewed annually and recommendations made to the Board for action no later than the June Board meeting. Signed contracts must be in place prior to July 1.

During spring, the Committee will provide input to the Personnel Committee on the evaluation of the Clerk-Treasurer. The Committee must also determine that all pay and benefit recommendations of the Personnel Committee for a fiscal year are fundable and make such recommendation to the Board for action no later than the June Board meeting.

The Committee will initiate or review finance related policies before forwarding them to the Policy Committee.

See also Article VII, Section F of the NOLA By-laws.

See also 1999-2002 NOLA Strategic Plan, Goal #1.