The Warren County Board of Supervisors discussed the strategic management of the Samuels Public Library Endowment Fund during their work session on October 29, 2024. The fund, which consists of 11 areas including both cash and non-cash gifts, has been a crucial resource for the library, particularly as it has faced flat funding for over five years amidst a significant inflation rate exceeding 20%.

Library representatives highlighted the importance of utilizing the annual 3% distribution from the endowment to support operating budget expenses. This approach is part of a broader strategic plan aimed at growing the endowment fund, ensuring that the library can maintain a high standard of service for taxpayers.

The board emphasized that responsible financial management is essential, focusing on using endowment income wisely while preserving the principal amount. This strategy not only benefits the library but also serves the interests of the county by fostering the growth of the fund.

As discussions continue, the board is committed to exploring ways to enhance the library's financial stability and service quality, ensuring that it can adapt to economic challenges while meeting community needs.