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Board reviews fund balances, audit presentation and recent camera purchase
Summary
Board members reviewed designated fund balances including a $40,000 outreach balance, discussed use of a separate BMO account with about $19,000, and heard that the city’s annual audit was presented to council. The board also discussed a newly installed camera system and outreach vehicle lease.
Board members spent part of the June 18 meeting reviewing fund balances, recent purchases and the city audit.
Library Director Steve reviewed the board’s designated 2023 fund balance and advised against moving additional funds from restricted accounts because work already contracted must be paid. He told the board that cameras and window blinds installed this year were paid from designated funds. The board discussed a BMO account holding roughly $19,000 and noted a smaller restricted patron-park balance that appears in the city pooled…
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