March 2, 2026
The meeting began at 6:07 pm.
Members Present: Scott Serazin, Trustee; Maggie Leglise, Trustee; Debby Perkins, Fiscal Officer.
Members Absent: Stori Zinhann, Trustee.
Establish a Committee Chair: Maggie Leglise will be the Finance Committee Chair for a term of one year. This will be her second term.
2026 Meeting dates: the Finance Committee will meet on May 4th, August 3rd, and November 2nd at the Central branch at 6:00pm in the Administration Conference Room.
Credit Card Statement: In accordance with the Credit Card policy, the Committee members reviewed and approved the November 2025 through February 2026 Dollar Bank credit card statements and transactions.
EV Charging Station: the charging station at West River was installed through a grant obtained by the Northeast Ohio Areawide Coordinating Agency (NOACA). The unit is not getting a sustainable amount of usage. This will be brought to the full Board at the March meeting to discuss options.
2017 Bond Issue: a portion of the bonds that were issued for the renovation and construction of multiple branches are eligible to be refinanced in 2026. Jen Starkey and Debby Perkins met with a representative from Stifel Public Finance to discuss. It is anticipated that interest rates will favorable later this year to refinance a portion of the bonds. More information will be provided later this year.
2026 Permanent Appropriations: the committee reviewed the proposed increases to the 2026 Appropriations. Due to significantly increasing utility expenses appropriations increased by $22,000 in 2026. Appropriations for the Building & Improvements Fund were increased another $250,000 to cover anticipated projects at all the branches.
The meeting adjourned at 6:50 pm.