2020-05-01T09:48:44-05:00 2019-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-07-01 111904261 BROOKLYN PUBLIC LIBRARY % AMADU WAGIE VP OF FINANCE BROO 7182302165 10 GRAND ARMY PLAZA BROOKLYN NY 11238 KAREN SHEEHAN EVP FINANCE/CFO 7182302165 2020-05-01 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220201225000003 2020-05-01 P 60DDCE3DCE28331B7C91C8DE54CD98BCD9F028C4 DDC53F9C47F73D8F7DD58A643249ADA6F614471E 2018 2020-09-23 17:36:50Z LINDA EJOHNSON PRESIDENTCEO 10 GRAND ARMY PLAZA BROOKLYN NY 11238 167275453 false X WWW.BKLYNLIBRARY.ORG X 1902 NY SEE PART III LINE 1 33 33 1562 2031 1294137 492139 136329921 154240345 3289928 2989155 2315057 1872088 1030903 1125043 142965809 160226631 0 0 0 0 97631871 102375332 0 0 5102678 39084183 42647222 136716054 145022554 6249755 15204077 137401453 151150709 25313449 34290224 112088004 116860485 X IT IS THE MISSION OF THE LIBRARY TO ENSURE THE PRESERVATION AND TRANSMISSION OF SOCIETY'S KNOWLEDGE, HISTORY AND CULTURE, AND TO PROVIDE THE PEOPLE OF BROOKLYN WITH FREE AND OPEN ACCESS TO INFORMATION FOR EDUCATION, RECREATION AND REFERENCE. false false 20016867 480497 Central Library is the largest public library in Brooklyn. At 352,000 square feet, the building accounts for one-third of Brooklyn Public Library's total physical plant. Central provides traditional library services, including a collection of approximately 900,000 materials in wings dedicated to fiction, history, science and technology, children's and young adult literature, and the arts. The Business and Career Center's recent relocation to Central Library has provided patrons with central access to an extensive collection of books, materials and services related to test prep, business and career resources, in addition to financial and college planning. The Brooklyn Collection, Brooklyn Public Library's (BPL's) local history division, provides a wealth of information about the borough, including access to research materials such as the full, digitized 1841-1955 run of The Brooklyn Daily Eagle. Central is also home to the Shelby White and Leon Levy Information Commons, a public technology center and workspace with a reservable recording studio and meeting rooms, sophisticated design software, and a digital training lab for community classes and workshops. In Fiscal Year 2019, Central Library hosted more than 12,000 programs that were attended by approximately 160,000 people and over 1.2 million people walked through Central Library's main doors 93908261 2211528 Neighborhood libraries: As nearly all of of Brooklyn's 2.6 million residents live within a mile of a library branch, BPL's neighborhood libraries welcomed over 7.5 million visitors in FY19. The library's collection held approximately 3.7 million print and digital materials, which circulated nearly thirteen million times. As the largest provider of free Wi-Fi in Brooklyn, BPL hosted 1.5 million free Wi-Fi sessions in FY19. The Library also hosted 1.5 million computer sessions on approximately 1,600 devices. Approximately 2,000 volunteers provided a total of 94,000 hours of service to BPL. Every Brooklyn Public Library location is open at least six days per week, and the average branch is open approximately 48 hours per week. In FY18, BPL received funding to upgrade the technology offerings in library branches; depending on the individual location's needs, branches received new computers, televisions, cameras, Little Bits kits and more. With increased open hours and additional technological support, branch libraries hosted 72,837 programs that were attended by over one million people. Brooklyn's library branches provide an expansive range of programs and services. The core (and most popular) offerings include First Five Years, a suite of early literacy programs for infants, toddlers, and preschoolers; inclusive play and learning environments for children with disabilities; Creative Aging classes that help seniors learn new skills and express their creativity; digital literacy programs such as basic computer classes and advanced instruction in animation, audio engineering, coding, and more; and Summer Reading, BPL's borough-wide effort to promote recreational reading while school is out of session. 12617041 297130 Special programs: BPL offers programs for people from every walk of life. In addition to the branch programs described above, BPL hosts Teen Tech Time and homework help sessions, citizenship and HSE test preparation, career and business development resources, free cultural events, and much more. A representative sample of our special programs includes: BookMatch - Provides patrons with reading lists specially curated for them by BPL librarians. Bklyn Incubator - supports and funds the development of new initiatives by librarians and staff, with training and mentoring on program design, partnership development, community outreach, and project management. Brooklyn Cultural Adventures Program - Award-winning summer day camp for children 7-12; cultural immersion at BPL, Brooklyn Botanic Garden, Brooklyn Museum, Brooklyn Children's Museum, Prospect Park, and Prospect Park Zoo. Culture Pass - a library-led, city-wide initiative providing free access to a myriad of cultural institutions across the five boroughs to the millions of library card holders. Through the new initiative, patrons may visit, at no cost, 46 of the city's cultural institutions ranging from the Whitney Museum in Manhattan and the Brooklyn Botanic Garden, to the Noguchi Museum in Queens, Wave Hill in the Bronx, and Historic Richmond Town on Staten Island. Our Streets, Our Stories - Oral history project chronicling decades of transformation in neighborhoods throughout Brooklyn. PowerUP Kreyol - a business plan competition for members of the Haitian-Kreyol community modeled on the PowerUP competition that has helped launch more than 2,100 Brooklyn businesses since its founding in 2003. Today's Teen's, Tomorrow's Techies - Teaches digital skills to students 14 to 18 and prepares them to serve on BPL's volunteer team, where they help patrons make use of the Library's many free technology resources. The Programming and Exhibition Department produces high quality cultural programming to encourage public engagement with the ideas and cultural expressions of our time. On February 2nd, 2019, BPL, in collaboration with the Cultural Services of the French Embassy, hosted "A Night of Philosophy & Ideas," a sunset-to-sunrise event bring philosophers, musicians, artists, and authors from around the world together with the Brooklyn and Greater New York community through a series of conversations and performances. The Outreach Services Department serves Brooklynites with unique and often overlooked needs, including veterans, immigrants, the homebound, and people transitioning into and out of the city's correctional and shelter systems. Through a partnership with the Mayor's Office of Immigrant Affairs (MOIA), BPL continued to host an immigration lawyer to assist patrons with citizenship applications at four library branches. One of the Outreach department's signature programs, TeleStory, which utilizes video conferencing technology to connect incarcerated parents with their children through books and family activities, is now available in more than a dozen BPL locations. The new TeleStory branches are located in neighborhoods with particularly high rates of incarceration. Our Youth and Family Services Department continues to offer innovative programs around STEM (Science, Technology, Engineering, and Math). During FY 2019 1,570 attendees participated in our Science Baby program, a creative science program for 0-3 year olds. The heart of Science Baby is exploring the wonder of science through story, repetition and play. We explore gravity, motion, magnets, chemical reactions, light, water, bubbles, sound and more. And through our Library Lab program series, a dynamic learning enrichment program for children (ages 6 to 10) and their families, nearly 7,000 patrons received tips on how to use library resources to spark curiosity for STEM through hands-on experiments and how to continue projects at home. In 2015 Brooklyn Public Library launched BKLYN Incubator. The initiative supports innovative programs at the Brooklyn Public Library by providing professional development, mentorship, and resources to staff with innovative ideas. The purpose of BKLYN Incubator is to empower our staff to build public programs and services from the ground up and support ideas that are responsive to community needs. Throughout the 38 initiatives funded by incubator, over 5,000 patrons have attended an Incubator program, 509 programs have been created, and 50 community partners have been involved in supporting and collaborating with incubator initiatives. Librarians of Tomorrow is an innovative, hands-on internship program for 10th-12th grade students from diverse backgrounds with an interest in library careers. In FY19 there were 55 school-year interns who contributed 7,425 volunteer hours, and 15 summer interns who contributed 2009 volunteer hours. The intern languages spoken other than English included Urdu, Bangla, Spanish, Russian, Uzbek, Tajiki, Arabic, Mandarin, Wolof, French, Haitian Creole, Japanese, Italian, Cantonese, Punjabi, Hungarian, Latin, Yoruba, Igbo, and Fujinese. 126542169 true true false true false false false true false true true false false false false true true false false false true false false false true false false false false true false false false false false false false false true false false false false false false false false true 523 0 true 1562 true true true false false false false true true false false false false false false X 33 33 false false false false false true false true true false false true true true true true true true true false NY X X AMADU WAGIE VP OF FINANCE 7182302165 10 GRAND ARMY PLAZA BROOKLYN NY 11238 SUSAN MARCINEK CHAIR 2.0 0.0 X X 0 0 0 MIRIAM KATOWITZ TREASURER 2.0 0.0 X X 0 0 0 PETER ASCHKENASY VICE CHAIR 2.0 0.0 X X 0 0 0 JORDAN D BAROWITZ VICE CHAIR 2.0 0.0 X X 0 0 0 ANTHONY CROWELL ESQ VICE CHAIR 2.0 0.0 X X 0 0 0 NINA COLLINS VICE CHAIR 2.0 0.0 X X 0 0 0 ROBIN SHANUS SECRETARY 2.0 0.0 X X 0 0 0 JOSEPH I DOUEK TRUSTEE (UNTIL 03/2019) 2.0 0.0 X 0 0 0 HONORABLE ALICE FISHER RUBIN TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL LIBURD TRUSTEE 2.0 0.0 X 0 0 0 GINO P MENCHINI TRUSTEE (UNTIL 12/11/2018) 2.0 0.0 X 0 0 0 SANDRA J SCHUBERT TRUSTEE 2.0 0.0 X 0 0 0 CHRISTINA TETTONIS TRUSTEE 2.0 0.0 X 0 0 0 DR LUCILLE C THOMAS TRUSTEE (until 06/22/19) 2.0 0.0 X 0 0 0 CINDI LEIVE TRUSTEE 2.0 0.0 X 0 0 0 GREGORY DAVIDZON TRUSTEE 2.0 0.0 X 0 0 0 HANK GUTMAN TRUSTEE 2.0 0.0 X 0 0 0 INGRID LEWIS-MARTIN TRUSTEE 2.0 0.0 X 0 0 0 KIM-THU POSNETT TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL BEST TRUSTEE 2.0 0.0 X 0 0 0 LISA PRICE TRUSTEE (UNTIL 02/19) 2.0 0.0 X 0 0 0 KYLE KIMBALL TRUSTEE (UNTIL 11/20/18) 2.0 0.0 X 0 0 0 PATRICK TRAIN-GUTIERREZ TRUSTEE 2.0 0.0 X 0 0 0 BLAKE FOOTE TRUSTEE 2.0 0.0 X 0 0 0 ABE GEORGE TRUSTEE 2.0 0.0 X 0 0 0 CASSANDRA METZ TRUSTEE 2.0 0.0 X 0 0 0 BRIAN O'NEIL TRUSTEE 2.0 0.0 X 0 0 0 ROSEANN PARADISO-FODERA TRUSTEE (UNTIL 06/20/19) 2.0 0.0 X 0 0 0 LISA PULEO TRUSTEE 2.0 0.0 X 0 0 0 BARATUNDE THURSTON TRUSTEE 2.0 0.0 X 0 0 0 TIMOTHY J INGRASSIA TRUSTEE 2.0 0.0 X 0 0 0 DAVID WOMACK TRUSTEE 2.0 0.0 X 0 0 0 CAROLEE FINK TRUSTEE- UNTIL (04/02/19) 2.0 0.0 X 0 0 0 BECKY FRUIN STARTED 519 TRUSTEE 2.0 0.0 X 0 0 0 CHARLES DUGIGG TRUSTEE (STARTED 1/19) 2.0 0.0 X 0 0 0 ERIN TEXEIRA TRUSTEE (STARTED 4/19) 2.0 0.0 X 0 0 0 JACQUELINE WOODSON TRUSTEE (STARTED 6/19) 2.0 0.0 X 0 0 0 LINCOLN RESTLER TRUSTEE (STARTED 4/19) 2.0 0.0 X 0 0 0 MILO BLAIR TRUSTEE (STARTED 1/2019) 2.0 0.0 X 0 0 0 NICHOLAS A GRAVANTE JR TRUSTEE 2.0 0.0 X 0 0 0 LINDA E JOHNSON PRESIDENT & CEO 35.0 0.0 X 381716 0 42739 BRETT D ROBINSON EVP FINANCE/CFO-UNTIL 12/18/18 35.0 0.0 X 258880 0 61934 NICHOLAS L HIGGINS CHIEF LIBRARIAN 35.0 0.0 X 172034 0 48299 KAREN M SHEEHAN EVP FINANCE/CFO(STARTED 03/19) 35.0 0.0 X 0 0 0 DAVID WOLOCH EVP OF EXTERNAL AFFAIRS 35.0 0.0 X 209858 0 38803 LASZLO J ORSOS VP OF ARTS AND CULTURE 35.0 0.0 X 210480 0 34918 AMADU WAGIE VP OF FINANCE 35.0 0.0 X 193782 0 32088 SELVON SMITH VP OF INFORMATION TECHNOLOGY 35.0 0.0 X 186402 0 51787 JOHN F MCENRUE VP OF CPFM 35.0 0.0 X 182334 0 16155 ALEXANDRA MAYERS CHIEF DEVELOPMENT OFFICER 35.0 0.0 X 182103 0 37758 1977589 0 364481 48 false true false WESTERMAN CONSTRUCTION 80 8TH AVE NEW YORK NY 10011 CONSTRUCTION MGMT 3803945 NEW YORK PUBLIC LIBRARY 445 5TH AVE NEW YORK NY 10016 LOGISTIC SERVICE 2259386 GILBANE BUILDING CO JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION MGMT 1632454 SCIAME CONSTRUCTION LLC 14 WALL STREET NEW YORK NY 10005 CONSTRUCTION MGMT 1144196 MEDCO ELECTRICAL CONTRACTOR 3309 AVENUE N BROOKLYN NY 11234 LIGHTING UPGRADE 978335 50 977171 145299732 7963442 43272 154240345 FINES AND FEES 519100 1277677 1277677 CAMP PROGRAM FEES 519100 92016 92016 BOOK SALES 519100 95769 95769 PRINT AND COPY 519100 499378 499378 MISCELLANEOUS 519100 598387 598387 425928 425928 2989155 1713400 1713400 0 0 0 0 0 6934508 6775840 158668 158688 158688 103888 977171 272982 -169094 -169094 0 0 0 0 0 0 PASSPORT INCOME 900099 1294137 1294137 1294137 160226631 2989155 1294137 1702994 X 0 0 0 0 1200774 284453 724044 192277 0 65826912 58951090 4790047 2085775 9629692 8510215 792195 327282 20616196 18219510 1696009 700677 5101758 4508346 419927 173485 0 124663 124663 94844 94844 120000 120000 0 147592 147592 11386803 8883968 1682475 820360 496560 434995 24939 36626 3368194 2789584 327324 251286 3213623 3014342 105324 93957 0 3499750 1895612 1580518 23620 312676 312676 0 0 0 0 4012598 4012598 966071 869953 96118 BOOKS AND LIBRARY MATERIALS 10374022 10374022 REPAIRS AND MAINTENANCE 2726047 2435241 200232 90574 STAFF DEVELOPMENT & TRAINING 496850 234345 233963 28542 MISCELLANEOUS FEES & TAXES 405464 240698 164202 564 901465 570521 53291 277653 145022554 126542169 13377707 5102678 44500 44500 17224940 20187799 11875467 21016096 0 0 0 0 0 0 0 0 0 0 360490 1050158 64158277 18820415 42558959 45337862 63661322 61857491 1672427 1653182 0 0 0 0 3348 3621 137401453 151150709 23018389 31597539 0 0 2295060 2692685 0 0 0 0 0 0 0 0 0 0 0 0 25313449 34290224 X 83045692 86326402 26421803 27827999 2620509 2706084 112088004 116860485 137401453 151150709 X 15204077 1274301 -11705897 X false true X true true true X 116196465 125288677 148948797 136329921 154240345 681004205 0 0 116196465 125288677 148948797 136329921 154240345 681004205 0 681004205 952478 1269062 1070953 1480445 1713400 6486338 345667 444178 490255 366808 493139 2140047 47115 39354 39353 39354 0 165176 689795766 15338118 0.98725 0.98758 X SCHEDULE A, PART II, LINE 10 THE AMOUNT REPORTED INCLUDES REVENUE GENERATED FROM A CAFETERIA OPERATED AT THE CENTRAL LIBRARY FOR THE BENEFIT OF PATRONS AND STAFF. THE CAFETERIA CEASED OPERATION IN 2018. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 120000 false false 120000 false false PART II-B, LINE 1G The Librarys lobbying consists of coordinated efforts at the City, State and Federal levels to portray the Library in the best possible light to ensure continued funding for its operations and programs. The Library lobbies the Executive branch of the State government and individual members of the State senate and assembly to ensure that it gets adequate funding from the State Department of Education, to seek funding for special capital initiatives and for member items for programs at the branch level. In addition, it lobbies the Executive branch of the New York City government, members of the City Council and the New York City Mayors office, to ensure that the Library is adequately funded for its operations and capital projects. The Library hired various consultants to facilitate the grant process with the various government agencies and direct contact with various legislators. X X X false 3983511 85575 212409 195269 4086226 3935809 5505 233149 190952 3983511 3796364 20303 301112 181970 3935809 3914090 77787 -50815 144698 3796364 4001567 8476 72026 167979 3914090 0.66220 0.33780 false false 31811814 6461693 25350121 6195678 4222379 1973299 26150785 8136343 18014442 45337862 0 0 X 196172574 1274301 34819234 36093535 160079039 147592 147592 160226631 191400093 34819234 11705897 46525131 144874962 147592 147592 145022554 SCHEDULE D, PART III - LINE 1A THE LIBRARY HAS COLLECTIONS OF NON-CIRCULATING LIBRARY MATERIALS, INCLUDING BOOKS, PERIODICALS AND OTHER ITEMS. THESE COLLECTIONS ARE MAINTAINED BY THE LIBRARY UNDER CURATORIAL CARE AND ARE HELD FOR RESEARCH, EDUCATION AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE. PROCEEDS FROM THE SALES OF COLLECTIONS ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE COST OF COLLECTIONS PURCHASED BY THE LIBARY IS EXPENSED IN THE YEAR OF PURCHASE. THE VALUE OF THE LIBRARY'S COLLECTIONS, FOR FINANCIAL STATEMENT PURPOSES, CANNOT BE DETERMINED. THE COST OF CIRCULATING BOOKS AND OTHER LIBRARY MATERIALS ARE NOT CAPITALIZED AS COLLECTIONS, BUT ARE RECORDED AS AN EXPENSE IN THE YEAR PURCHASED, AS THE USEFUL LIVES OF SUCH ITEMS ARE RELATIVELY SHORT. SCHEDULE D, PART III - LINE 4 Brooklyn Public Library owns and has made accessible several important special collections that include the Hunt Collection of Childrens Literature 7000 juvenile books dating back to the mid-18th century; the Civil War Collection a 6000 volume collection purchased in 1908; and a circulating orchestral score collection. ALSO, the Librarys local history unit, the Brooklyn Collection, maintains numerous important collections, none more important that the entire Brooklyn Daily Eagle photography archives: over 200,000 images of newsworthy local, national, and international events. The Brooklyn Collections general photography collection comprise 19th and 20th century photographs, photogravures, portfolios, photo albums, stereo views, and cyanotypes. The collection includes photographs taken by well-known photographers such as Berenice Abbott, Alvin Langdon Coburn, Thomas Roma, Alfred Stieglitz, Irving Underhill, and Underhill and Underhill. In addition, the Brooklyn Collection maintains a number of smaller collections, including some ephemeral collections such as the Brooklyn Dodgers memorabilia collection. The Librarys special collections further its exempt purpose in that they provide the people of Brooklyn free and open access to a well-preserved record of societys knowledge, history, and culture. SCHEDULE D, PART V - LINE 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE AS FOLLOWS: 1. Books - Income from these endowments are to be used to buy books that further the mission of the Library 2. Branch Humanities Programs 3. Staff Welfare 4. Youth and Children's program 5. Willendorf Lecture series 6. Plaza and Auditorium capital campaign 7. The upkeep of technology equipment and ongoing maintenance of the Central Library Information Commons 8. Adult Literacy SCHEDULE D, PART X - LINE 2 The Library is subject to the provisions of the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Topic 740, "Income Taxes", relating to accounting and reporting for uncertainty in income taxes. For the Library, ASC Topic 740 is potentially applicable to the incurrence of unrelated business income, attributable to passport services provided to the public. Because the Library has always accrued a tax liability for these items and because of the library's general tax-exempt status, management believes ASC Topic 740 has not had, and is not anticipated to have, a material impact on the Library's financial statements. SCHEDULE D, PART XII- LINE 2D THE $11,705,897 INCLUDED IN EXPENSES FOR THE FINANCIAL STATEMENT PURPOSES BUT TREATED AS OTHER RECONCILING ITEMS TO THE NET ASSETS FOR TAX RETURN PURPOSES INCLUDE LOSSES ON DISPOSAL OF PROPERTY AND EQUIPMENT OF $242,367 AND REIMBURSABLE CAPITAL GRANT TOWARDS THE CONSTRUCTION OF THE NEW GREENPOINT LIBRARY AND ENVIRONMENTAL EDUCATION CENTER IN THE AMOUNT OF $11,463,530. Central America and the Caribbean 0 0 Investments 1653182 0 0 0 0 1653182 1653182 false false false false false false PART I, LINE 3, COLUMN F THE LIBRARY maintains an INVESTMENT IN a CAYMAN ISLAND-BASED FUND OF $1,653,182 which is accounted for on the accrual basis. ANNUAL GALA 1030296 942608 87688 92805 111945 25000 14715 BKLYN CLASSIC 50763 34563 16200 24332 1485 2700 0 1081059 977171 103888 92805 136277 26485 17415 272982 -169094 X true true X X X X false false false false false false false false false LINDA E JOHNSON PRESIDENT & CEO 376898 4818 33540 9199 424455 BRETT D ROBINSON EVP FINANCE/CFO-UNTIL 12/18/18 258880 40644 21290 320814 DAVID WOLOCH EVP OF EXTERNAL AFFAIRS 209858 16468 22335 248661 LASZLO J ORSOS VP OF ARTS AND CULTURE 210480 25719 9199 245398 AMADU WAGIE VP OF FINANCE 193782 30618 1740 226140 SELVON SMITH VP OF INFORMATION TECHNOLOGY 186402 29452 22335 238189 NICHOLAS L HIGGINS CHIEF LIBRARIAN 172034 27009 21290 220333 JOHN F MCENRUE VP OF CPFM 182334 14415 1740 198489 ALEXANDRA MAYERS CHIEF DEVELOPMENT OFFICER 182103 16468 21290 219861 SCHEDULE J, PART I, LINE 1A The Library reimburses all trustees, officers and employees for allowable expenses incurred in carrying out the mission of the library. Expenses are reimbursed in accordance with the library's travel and expense reimbursement policy. SCHEDULE J, PART II, COLUMN B, III The Library provides Linda E. Johnson (President & CEO) with a BPL vehicle for official business. The amounts represent the value assessed for the personal use of the vehicle. SCHEDULE J, PART II, COLUMN C Retirement and other deferred compensation - Value of contributions to New York State and Local Retirement System (NYSLRS) or New York Voluntary Defined Contribution (VDC) pension plans. X 9 43272 fmv false true true SCHEDULE M, PART I, LINE 32 THE BROKER HIRED BY THE LIBRARY SELLS ALL THE DONATED STOCKS UPON RECEIPT. Form 990, Part VI, Section A, Line 7A In accordance with the Library's by-laws, the governing board of Trustees has the authority to manage and control the affairs of the Library. The board of trustees shall consist of no more than thirty-eight members. By virtue of their respective offices, the Mayor of the City of New York, the Comptroller of the City of New York, the Speaker of the City Council of the City of New York and the President of the Borough of Brooklyn are Ex-Officio Trustees of the Library. Each Ex-Officio may appoint a representative to serve on his or her behalf as a member of the board. Each representative appointed by an Ex-Officio shall be counted as part of the quorum, may vote and have all the same rights and privileges of the Ex-Officio or any other member of the Board, except in cases where this is prohibited by law. The Mayor of the City of New York and the President of the Borough of Brooklyn may each appoint eleven Trustees to hold offices for a term of three years or until their resignation or their successor is appointed. Form 990, Part VI, Section B, Line 11A The Form 990 is prepared by management, with the assistance of our auditors, EisnerAmper LLP. Once a final draft of the Form 990 is received from the external auditors, the Vice President of Finance conducts a first level review with the Executive Vice President for Finance and Administration and Chief Financial Officer (CFO). Pending any amendments or corrections, the CFO and Vice President of Finance then reviews the draft returns with the President and CEO. After reviewing the draft with the President and CEO, the draft Form 990 is forwarded to the members of Audit and Finance Committees in preparation for formal review at a joint meeting of the Audit and Finance Committees attended by the external auditors, senior members of the Librarys executive team along with the CFO and Vice President of Finance. At this meeting, staff review the reports with the attendees. Questions are fielded and if necessary, corrections are made. Once the review is completed, the members of the Audit Committee vote to accept the report for filing by the Librarys external auditors. Prior to filing the return (amended if required) it is forwarded to the full Board for their review. Form 990, Part VI, Section B, Line 12C The Library has a conflict-of-interest policy which is signed annually by every member of the Board of Trustees and key (senior) members of the Library's management team. A copy of the Library's conflict of interest policy can be obtained from the Library's website at: https://www.bklynlibrary.org/sites/default/files/documents/trustees/Confli ctofInterest.pdf Form 990, Part VI, Section B, Line 15A The salary of the President and CEO is based on a negotiated written employment contract, which includes a yearly adjustment for cost of living increases. It also includes a provision for a discretionary bonus decided by the Board of Trustees' Executive Committee. The contract is renewable every three years. The salaries of the other officers and key employees are based on a compensation program designed by an independent consultant, Ernst & Young. The program includes salary grades. It is reviewed regularly and updated, as needed, to adjust the salary structure and ranges to ensure competitive salary ranges. Form 990, Part VI, Section C, Line 19 The Library has a conflict-of-Interest policy for members of the Board of Trustees and key members of staff. This policy is available for review on the Librarys intranet and Trustee website. In addition, the policy is also available for review by the general public on the Librarys website. Financial Statements:It is the policy of Brooklyn Public Library to make its financial statements available to the public. Copies of its most recent audited financial statements are posted on its website and available to the public at the following link-https://www.bklynlibrary.org/about/reports-publications copies are also available upon request from the finance department. FORM 990, PART XI, LINE 9 Other changes in net assets represents Reimbursable capital expenditures incurred by the Library towards the construction of the new Greenpoint Library and Environmental Education Center in the amount of $11,463,530 and Losses on disposal of various property and equipment in the amount of $242,367. FORM 990, PART IX, LINE 13 DURING THE YEAR, THE LIBRARY REVISED ITS FUNCTIONAL EXPENSE ALLOCATION METHODOLOGY IN ACCORDANCE WITH THE ADOPTION OF asu 2016-14.