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Library trustees approve minutes, two vendor payment batches and hear monthly financial summary
Summary
The board approved the July minutes, authorized two vendor payment batches (Fund 15: $14,759.52; Fund 16: $2,003.79), and received the treasurer's monthly report showing Fund 15 revenue at 96.98% of budget and expenditures at 52.78%.
The Franklin Public Library Board approved routine minutes and vendor payments during its Aug. 25 meeting and heard a positive monthly financial report from the treasurer. The board approved the minutes from the July 28 meeting by motion and voice vote (mover Mike Karlovitz; seconder Alan Alexandrovich). The board then approved payment of invoices from Fund 15 totaling $14,759.52 (motion by Annie; second by Maria Imp) and invoices from Fund 16 totaling $2,003.79 (again motioned by Annie; seconded by Maria Imp). All motions carried on voice votes with no recorded opposition. Treasurer Alan Alexandrovich summarized the July financial statements and said Fund 15 revenue was at 96.98% of budget while expenditures were at 52.78% of budget. He noted that some June postings appeared after earlier reports and that the library had received only $2,800 in refunds from the FPL Foundation so far for the current period; staff expects additional foundation reimbursements in quarter 3. The treasurer also reviewed credit-card expenditures and cited programming supplies as typical summer spending items. Board members asked clarifying questions about line items, posting timing, and the procedures for foundation reimbursements. No further votes were taken on budget policy that evening.
