Franklin Public Library board approves vouchers, reviews financial report
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Summary
Trustees approved minutes and voucher payments totaling $24,227.86 across Fund 15 and Fund 16, and heard a financial update showing year-to-date revenues at about 97% of budget and expenditures around 83% of the year-to-date benchmark.
The Franklin Public Library Board of Trustees on Nov. 24 approved the Oct. 27 minutes and voted to pay vouchers for Fund 15 ($20,711.12) and Fund 16 ($3,516.74).
During the meeting, board member Alan Alexandrovich presented the library’s financial report and said year-to-date revenues were 97.47% of the budget while expenditures were 82.8%. He noted the report reflects through October — 83.29% of the fiscal year — and described corrections made to accounting entries, including removing a $10,000 landfill posting and adding missing allocations for insurance and interdepartment charges.
“We are in — we have gone through October, which is 83.29% of the year,” Alexandrovich said while summarizing revenues and expenditures.
Trustees asked about the library’s credit-card procedures after recent city-level policy changes. Staff clarified the library maintains its own credit-card policy and uses a local account for some purchases; the library’s summary showed $3,009.29 in credit-card charges for the period reviewed.
Votes at a glance - Approval of Oct. 27 minutes: motion passed; one abstention recorded (Annie) because she was absent from the Oct. 27 meeting. - Fund 15 vouchers ($20,711.12): approved. - Fund 16 invoices ($3,516.74): approved. - Master calendar (see separate article): approved.
What’s next: The board asked staff to continue tracking routine allocations and posting errors and to report changes in future financial summaries.