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Library trustees approve transfer of pledged gift into improvement reserve
Summary
Trustees approved transferring a $53,750 pledge payment from the restricted gift fund into the Library Improvement Reserve Fund (LERF) and passed the consent agenda by voice vote; the action repays part of construction costs for the Hain Amphitheater.
The Monroe County Public Library Board of Trustees approved a resolution to transfer a pledged gift payment of $53,750 from the restricted gift fund into the Library Improvement Reserve Fund (LERF) during its April 15 meeting.
Gary, introduced as the meeting presenter for the item, told trustees the system had received the third payment of a $215,000 pledge tied to construction of the Hain Amphitheater at the Woods at the Southwest branch and said the $53,750 is currently held in the restricted gift fund. "The payment of $53,750 is currently in…
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