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Board approves annual report; finance update notes donations and CD interest
Summary
The West Bend Community Library Board approved its annual report and heard a financial update covering CD interest, a friends group donation for AV equipment and other expenditures; the board discussed honoring donor restrictions on interest spending and an upcoming endowment fund.
The West Bend Community Library Board voted Feb. 18 to approve the library’s annual report and heard a financial update from board members and staff.
The board approved the annual report by voice vote after a motion and second; the meeting minutes do not record a roll-call tally. The approval followed a brief review in which board members confirmed program counts, materials spending and routine items on the report.
On finances, Joseph reported a certificate of deposit balance updated to $47,178.48 as of Jan. 31, 2025 and said the board had locked in a roughly 3 percent interest rate for a 13-month term; he said the balance will…
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