Maintaining SLA's Historic Headquarters.
As any of you who have been to SLA's Headquarters can attest, the building in which the Association's offices are housed is an incredible asset. Not only is it functional, but it is also a historic building of great beauty. The building, which was originally built and owned by a Special Librarian, was built the same year in which the Association was founded, 1909.
As you can imagine, owning a 92 -year old historic building of this size can present some challenges in terms of maintenance needs. When does the roof need to be replaced? Are the windows going to last another year? Are the faucets leaking? Any homeowner is all too aware of how many different items there are that can break down, wear out or need to be replaced. To help overcome these challenges, staff developed and maintains a 15 year capital improvement schedule. This schedule details all items that need to be taken care of on a recurring basis.
To help cover the expense associated with keeping the building in good working order, the Association established and funds a Building Reserve Fund. Each year the Finance Committee reviews the 15year plan and the anticipated expenditures which are required. The Committee then makes a recommendation to the Board of an amount that should be included in the budget for these expenditures. The costs vary from year to year depending on what is scheduled for replacement that year.
This careful stewardship ensures that the Association's Headquarters will be a safe and pleasant environment for visitors and staff today and for many years to come.
For more information, contact Richard Geiger, SLA Treasurer (geigerr@sfgate.com).
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