HomeMy WebLinkAboutMin - LB - 2020.12.151
Burlingame Library
Approved Board of Trustees Minutes
December 15, 2020
I. Roll Call
Trustees Present: Kristin Capkin, Danielle Garcia, Randi
Murray, Mike Nagler, Elisabeth Ostrow
Staff Present: Brad McCulley, City Librarian
Sidney Poland, Recorder
Guest: James Cutler SVCF
II. Library Board of Trustees Minutes
The Trustees unanimously approved the minutes of the November 17,
2020 Trustee Meeting. M/S/C (Murray/Nagler)
III. From the Floor
No one from the public attended the meeting.
IV. Statistics
• Adult Services held 13 virtual programs with an attendance of
197.
• Children's Department held 47 Children's and Teen programs
with an attendance of 2,311. In addition 460 book bundles made
up of 2,311 children's books were assembled.
V. Reports
A. City Librarian's Report - Highlights
• CPU - The wording of the Governor's order will determine if CPU
can continue. Lisa Goldman, City Manager, may permit CPU to
continue with the stipulation that staff be reduced to only 5
people in the building at one time. Most staff members will have
to work from home. San Francisco, South San San Francisco,
and Daly City will discontinue CPU December 18th.
• Book Bundles - The total number of book bundles the Children's
Dept. has assembled since the project began is 10,000.
• United Against Hate - The Equity Team and staff did an
excellent job in putting together events for this project. Although,
attendance was not as high as hoped for, those who did attend
were thoroughly focused and engaged in the subject matter.
• HVAC Project - Johnson Woo, of Public Works, has advised Brad
that there are CIP funds that can be allocated to the library's
HVAC upgrade project that had been put on hold due to cost
issues. This is good news as it will provide more efficient air flow
quality in the library. The project is potentially scheduled for
April. Request for Proposals have to be sent out. The cost of the
project has not yet been determined.
2
• Furloughed Employees - All hourly staff that were furloughed
due to the pandemic remain as employees of the City of
Burlingame even though they are not working. It is not known
when these employees will be able to return to work.
B. Foundation Report
Book donations continue to be made at the 240 Lorton location. To
date sales total approximately $5,000. Donations made after the
annual report was sent out total approximately $20,000.
VI. Old Business
A. Silicon Valley Foundation Meeting
James Cutler, SVCF, gave some background on SVCF, and reviewed
performance for the Endowment Pool. Trustee Ostrow asked
questions regarding fiduciary duty and Trustee Murray asked for
additional information on the specific funds held withing the Pool.
Mr. Cutler stated that SVCF had switched investment consultants
from Colonial Life to Cambridge Associates, in part due to some
dissatisfaction with the quantity and quality of inve stment
managers selected by Colonial Life. As a result of this migration to
Cambridge Associates, there are likely to be some changes in the
portfolio, and we can expect that the percentage of assets allocated
to private investments (currently 38% of the portfolio) will rise. It is
their belief that private investments reduce overall volatility in the
portfolio, and enhance return. Data over the last 10 years, except
for the last year, show that SVCF performed below its applicable
benchmarks, net of fees.
The Trustees briefly discussed the possibility of moving to another
investment entity and what the procedure would involve. This
item will be placed on the January agenda for further discussion.
VII. Employee Appreciation Gift
The Trustees passed a motion to provide funds up to $2,000 for a
small holiday gift for all staff members including furloughed employees
in appreciation of their service to the library especially during the
pandemic. MSC (Murray\Nagler)
VIII. Action Items
• SVCF - Brad will obtain the monthly reports of the Library's funds
from SVCF for the Trustees.
• SVCF - Agenda item for January meeting.
Respectfully Submitted
/S/
Brad McCulley
City Librarian