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Danvers trustees approve Jan–Feb treasurer's report, table scholarship vote; minutes approved with two abstentions
Summary
Trustees approved the January–February treasurer's report showing a February balance of $639,008.42, tabled the scholarship policy until next month, and approved previous minutes with two abstentions; motions were recorded and will return to the board.
The Town of Danvers Library Trustees approved the January–February treasurer's report and tabled a vote on a revised scholarship policy until the next meeting. Trustees also approved minutes from the March 12 meeting with two abstentions.
Treasurer's figures presented at the meeting showed a beginning balance for the period of $631,092.55, an addition of $1,089.61, a $5,000 withdrawal, and a stated change in value of $3,214.29, producing a new balance reported as $639,008.42 and $0.93 cents at the end of the period. The trustees moved to approve the treasurer's report and the motion passed.
Earlier in the meeting, the chair moved to accept the minutes from March 12; two trustees said they must abstain because they were not present that meeting. The motion to accept the minutes passed with two abstentions. The chair said the scholarship policy packet and investment-committee updates would be sent again by email and via text and that the scholarship matter would be tabled until the next meeting.
The meeting concluded with a motion to adjourn that was seconded and approved; the chair recorded the adjournment time as 7:31 p.m.
Recorded actions at the meeting included approval of the treasurer's report, tabling the scholarship vote until the next meeting, acceptance of the minutes with two abstentions, and the motion to adjourn.
