May 31, 2006

1. Call to Order

2. Roll Call

3. Consent Agenda (These items will be acted upon in one motion. If discussion is requested on an item, it will be considered separately.)

A. Approval of Minutes of the April 17, 2006 Meeting

B. Approval of Treasurer’s Report

• Schedules of Checks
477 Check Nos. 46686 through 46879
477.1 Check Nos. 33047 through 33108
477.2 OCLC Check Nos. 1023 through1025

• Schedules of Activity
477.3 Illinois Funds-Money Market Fund
477.4 The Illinois Funds-Prime Fund
477.5 Main Street Band and Trust Grant Account
477.6 Illinois Funds OCLC account
Investment Summary
Petty Cash Report as of April 30, 2006

• October Financial Statements
General and Internal Service Funds Balance Sheet
General and Internal Service Funds Income Statement
General Fund Balance Sheet
General Fund Income Statement
Automation Fund Balance Sheet
Automation Fund Income Statement
Cooperative Service Fund Balance Sheet
Cooperative Service Fund Income Statement
OCLC Grants Balance Sheet
OCLC Grants Income Statement
Cataloging Maintenance Center Balance Sheet
Cataloging Maintenance Center Income Statement
Diversity Grant Balance Sheet
Diversity Grant Income Statement

• November Financial Statements
General and Internal Service Funds Balance Sheet
General and Internal Service Funds Income Statement
General Fund Balance Sheet
General Fund Income Statement
Automation Fund Balance Sheet
Automation Fund Income Statement
Cooperative Service Fund Balance Sheet
Cooperative Service Fund Income Statement
OCLC Grants Balance Sheet
OCLC Grants Income Statement
Cataloging Maintenance Center Balance Sheet
Cataloging Maintenance Center Income Statement
Diversity Grant Balance Sheet
Diversity Grant Income Statement

4. President’s Report – Nina Pals

5. Executive Director’s Report – Jan Ison

Executive Director's Report for April 2006
Consultants' Report for April 2006
Statistical Summary for April 2006

6. Committee Reports

•Budget/Finance Committee
Action Item No. 2006-17 Salary and Hourly Pay Grade Schedule Revision
Action Item No. 2006-18 FY2007 Budget
--Automation Fund
--Cooperative Services Fund
--General Fund
--FY2007 Revenue

•Nominating Committee
Action Item No. 2006-19 Board of Director Nomination

•Strategic Planning Committee
Action item No. 2006-20 LTLS Strategic Plan - Distribution of Draft for Member Library Comments
Draft Strategic Plan

7. ISL Report – Vandella Brown

8. Unfinished Business

9. New Business

10. Discussion/Planning

FY07 Plans

11. Announcements

12. Other Informational Material

News Articles
Travel Expense Voucher