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Trustees approve proposed trust‑fund budget after review of donations and balances
Summary
After a presentation on fundraising, trust‑fund balances and investment income, the trustees approved the proposed trust‑fund budget; staff will submit the package to the city finance office and continue outreach and advocacy work.
The Board of Library Trustees voted to approve the proposed trust‑fund budget for the coming fiscal year after a detailed review of recent fundraising and account balances.
Brian Edwards walked trustees through recent fund‑development trends, including MC Gives receipts (year‑to‑date MC Gives checks of about $85,007.64 and matching funds that bring the recent campaign total to about $98,301) and appeal letter performance across several years. He reported that the library’s trust fund ledger showed roughly $806,001.43 on hand, and that a…
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