<div dir="ltr">Ack! Board meeting tomorrow.<div><br></div><div>Agenda is here: <a href="https://wiki.evergreen-ils.org/doku.php?id=governance:minutes:2024-08-15">https://wiki.evergreen-ils.org/doku.php?id=governance:minutes:2024-08-15</a></div><div><br></div><div>Please add/revise as needed :)</div><div><br></div><div>ABN</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Aug 14, 2024 at 4:26 PM Katie Greenleaf Martin <<a href="mailto:kgm@sparkpa.org">kgm@sparkpa.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div class="msg-6590903691737837206">
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<p class="MsoNormal">Hello TEP folks – <u></u><u></u></p>
<p class="MsoNormal">You can find my report for this month here: <a href="https://docs.google.com/document/d/1DKW_8tbUatwotjdFqeKrZZWaaNrujbJQJ3zaOPSsjCk/edit?usp=sharing" target="_blank">
https://docs.google.com/document/d/1DKW_8tbUatwotjdFqeKrZZWaaNrujbJQJ3zaOPSsjCk/edit?usp=sharing</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">I am requesting action on the Investment policy: UPDATED for your consideration:
<a href="https://docs.google.com/document/d/1pse154S2Cqro6lVmqYNeh0_OPsnYGIms/edit?usp=sharing&ouid=117418998836160343673&rtpof=true&sd=true" target="_blank">
draft TEP investment policy jul 2024.docx</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">And the committee’s selections for first investments (do not need to be approved separately from approving the investment policy framework, but the committee is happy to hear any comments/discussion/etc).
<u></u><u></u></p>
<p class="MsoNormal" style="margin-left:0.25in">Open a money market account: First Internet Bank business money market savings<u></u><u></u></p>
<p class="MsoNormal" style="margin-left:0.75in">3.46% with a daily balance of $5,000,000 or below<u></u><u></u></p>
<p class="MsoNormal" style="margin-left:0.75in"><a href="https://www.firstib.com/business/deposits/business-savings-cds/" target="_blank">https://www.firstib.com/business/deposits/business-savings-cds/</a><u></u><u></u></p>
<p class="MsoNormal" style="margin-left:0.25in">Purchase a Certificate of Deposit (CD) through Wells Fargo
<a href="https://www.wellsfargo.com/biz/savings/rates/" target="_blank">https://www.wellsfargo.com/biz/savings/rates/</a> <u></u><u></u></p>
<p class="MsoNormal" style="margin-left:0.75in">My recommendation is that we do at MOST $70,000 (roughly 50% of current assets, $146,893.70) in CDs at 4.75% APY:<u></u><u></u></p>
<p class="MsoNormal" style="margin-left:1.25in">$70k in 4 month (3 month renewal periods, could roll a portion into a longer term one in 4 months if we want. Currently, the 4 month interest rate is better than 7.)<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Thanks!<u></u><u></u></p>
<p class="MsoNormal">Katie <u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal" style="vertical-align:baseline"><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><u></u> <u></u></span></p>
<p class="MsoNormal" style="margin-left:1in;vertical-align:baseline"><span style="font-family:Calibri,sans-serif"><img border="0" width="83" height="83" style="width: 0.8645in; height: 0.8645in;" id="m_-6590903691737837206Picture_x0020_1" src="cid:ii_191529bfcd94cff311"></span><b><span style="font-family:Calibri,sans-serif">Katie
Greenleaf Martin </span></b><span style="font-family:Calibri,sans-serif">(she/her),
<b><i>Executive Director</i></b></span><span style="font-size:12pt;font-family:Calibri,sans-serif;color:rgb(22,105,122)"> </span><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><u></u><u></u></span></p>
<p class="MsoNormal" style="margin-left:1in;vertical-align:baseline"><b><span style="font-size:12pt;font-family:Calibri,sans-serif;color:rgb(51,102,204)">Pennsylvania Integrated Library System (PaILS) | SPARK</span></b><span style="font-size:12pt;font-family:Calibri,sans-serif;color:rgb(51,102,204)"> </span><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><u></u><u></u></span></p>
<p class="MsoNormal" style="margin-left:1in;vertical-align:baseline"><span style="font-family:Calibri,sans-serif;color:rgb(51,102,204)">(717</span><span style="font-family:Calibri,sans-serif;color:rgb(0,112,192)">) 873-9461</span><span style="font-family:Calibri,sans-serif">
| </span><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><a href="mailto:kgm@sparkpa.org" target="_blank"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(5,99,193)">kgm@sparkpa.org</span></a></span><span style="font-family:Calibri,sans-serif"> <br>
<a href="https://support.sparkpa.org/" target="_blank"><span style="color:rgb(5,99,193)">support.sparkpa.org</span></a><span style="color:rgb(51,102,204)"> |
</span></span><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><a href="mailto:support@sparkpa.org" target="_blank"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:rgb(5,99,193)">support@sparkpa.org</span></a></span><span style="font-family:Calibri,sans-serif;color:rgb(51,102,204)"> </span><span style="font-size:9pt;font-family:"Segoe UI",sans-serif"><u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
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</div></blockquote></div><br clear="all"><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div style="color:rgb(136,136,136);font-size:12.8px"><span style="font-size:12.8px">Andrea Buntz Neiman, MLS</span><br></div><div style="color:rgb(136,136,136);font-size:12.8px">Project Manager for Software Development | Product Specialist</div><div style="color:rgb(136,136,136);font-size:12.8px">Equinox Open Library Initiative</div><div style="color:rgb(136,136,136);font-size:12.8px"><a href="mailto:abneiman@equinoxoli.org" target="_blank">abneiman@equinoxOLI.org</a></div><div style="color:rgb(136,136,136);font-size:12.8px"><span style="font-size:12.8px">1-877-OPEN-ILS </span><span style="font-size:12.8px">(673-6457)</span><br></div><div style="color:rgb(136,136,136);font-size:12.8px"><span style="font-size:12.8px">Direct: 770-709-5583</span></div><div><font color="#0000ee"><u><a href="https://www.equinoxOLI.org/" target="_blank">https://www.equinoxOLI.org/</a></u></font><br></div></div></div></div></div></div>