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Library trustees debate using dividend funds for children's programs; vote to transfer intern funds tabled
Summary
St. Mary's County Library trustees discussed using investment dividends to support children's programming and whether to postpone funding an intern. A motion to transfer $2,000 from the Rudolph intern account to children's programming was seconded but put aside for further information and returned to next month.
St. Mary's County Library trustees discussed how to spend this year's reduced dividend income from two investment accounts and tabled a motion to reassign $2,000 budgeted for a summer intern to children's programming.
The discussion, raised during the board's finance report, centered on dividend income that has fallen as share prices declined. Sandy Howenstein, the board treasurer, said the library's primary ("original") account had an opening value of $78,429.56 on Sept. 16 and a value of $78,383.89 on Oct. 14; the smaller "Rudolph" account was reported at $18,771.74 on Sept. 16 and…
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