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Library trustees approve transfer of pledged gift into improvement reserve
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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 the restricted gift fund," Gary said, explaining the resolution would move those dollars into the library improvement reserve fund to repay initial construction costs drawn from LERF.
The board approved the resolution by voice vote after the chair called for the question; no roll-call tally was recorded in the transcript. Earlier in the meeting the board also approved the consent agenda — which the chair described as including the March 25, 2026 minutes, the monthly financial report, monthly bills, the personnel report and the board meeting calendar — by voice vote.
Votes at a glance - Consent agenda (03/25/2026 minutes; monthly financial report; monthly bills; personnel report; board calendar): approved by voice vote ('Aye; Ayes have it'). - Resolution to transfer $53,750 from restricted gift fund to LERF (pledge payment toward Hain Amphitheater construction): approved by voice vote ('Aye; Ayes have it').
What trustees said and next steps No board member named a mover or seconder for either vote in the recorded transcript. Gary described the background for the LERF transfer, noting the library had expected to repay the LERF outlay over four years. The resolution was recorded as passing; the transcript does not specify any administrative implementation steps or an effective date beyond the vote.
Financial detail and clarification Gary said the third pledge payment was part of a $215,000 pledge; the specific $53,750 payment was described as held in the restricted gift fund and slated to be moved into LERF. The transcript does not record any required external approvals for the transfer or a date when the transfer will be executed.
