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Library Board <br />Minutes (cont'd) - 4 - <br /> <br /> d) 2002 Library_ Board Budget <br /> <br />January 30 , 2002 <br /> <br />Moved by Mr. DiMenna <br />Seconded by Mr. Renaud <br />THAT the 2002 budget estimates of the Essex County <br />Library Board be approved. CARRIED. <br />The capital reserve was used up in 2001 for the <br />Tecumseh Branch except for $9,500. With the very <br />real possibility that the Amherstburg, Essex and <br />Kingsville branches will relocate from their current <br />Carnegie buildings in the next few years, it would be <br />very prudent to begin rebuilding the capital reserve. <br />The cost of furnishings and equipment for these three <br />locations is estimated at not less than $250,000 <br />each, for a total of $750,000. Although included <br />initially, there is now no provision in the 2002 <br />Library Board budget for a contribution to the <br />capital reserve, given the county's overall budget <br />situation. It is therefore recommended that $40,500 <br />be transferred out of the contingency reserve of <br />$52,078 to the capital reserve to increase the <br />capital reserve balance to $50,000. <br /> <br /> Moved by warden O'Neil <br /> Seconded by Mr. Allsop <br /> THAT $40,500 be transferred from the Contingency <br /> CARRIED. <br /> Reserve to the Capital Reserve. <br /> <br />14. <br /> <br />Qther Unfinished Business <br /> <br />15. <br /> <br />New Business <br /> <br />There being no further business, upon motion <br />chairperson Varga declared the meeting adjourned. <br /> All of which is respectfully submitted, <br /> <br />Mr. William Varga, chairperson <br /> <br /> <br />