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Barron Library asks county for roughly $30,000 to close operating shortfall; endowment restrictions limit options
Summary
Representatives of the Barron Library asked the county to help close an ongoing operating deficit of roughly $30,000; they said the library has been using interest from a memorial endowment but that the endowment corpus is restricted to capital use and cannot sustainably fund operations.
Representatives of the Barron Library told the Henry County commission Aug. 26 they are operating with an annual deficit and requested county assistance to balance the library—s budget. Danny Nelson described the local cooperative library system and said the Barron Library, a private nonprofit established by the Barron family, has an endowment that is restricted to certain capital uses and cannot be used for routine operating…
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