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Belgrade library foundation reports $70,000 in cash, $347,004 invested; library outlines anniversary and program plans
Summary
Foundation leaders reported $70,000.94 in cash accounts and $347,004.16 in investments after a $43,000 transfer; library director outlined rising foot traffic, staff additions, donated guitars for in-house use and a one-year anniversary celebration with activities for families.
The Belgrade Community Library foundation reported current cash and investment balances and outlined plans for upcoming fundraising and community programming during the joint advisory/foundation meeting.
Foundation treasurer reported cash-account balances totaling $70,000.94 and said the foundation has transferred $43,000 this year into a DA Davidson investment account, which shows $347,004.16 in the latest monthly report. The foundation passed a resolution to let the investment account build toward a $1,000,000 target and estimated an eventual annual draw of about 5% to support library budgeting.
"We have two cash accounts ... for a total of $70,000.94," the foundation…
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