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Trustees authorize limited use of Mary Faye Fund to cover late book bills
Summary
The Town of Southborough Library Trustees authorized Library Director Ryan to use the restricted Mary Faye Fund to pay book invoices that arrive after the fiscal year is closed; trustees said the fund has a balance of $18,460.48 and the board voted unanimously.
The Library Trustees of the Town of Southborough voted to authorize Library Director Ryan to use the restricted Mary Faye Fund to pay book invoices that arrive after the fiscal year closes.
The authorization applies only to the Mary Faye Fund — a restricted account set up to purchase books — and is intended to cover bills for books ordered before the fiscal-year…
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