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Friends pledge $25,000 toward Carlson renovation; board reviews April financials
Summary
At the May 19 meeting, the Friends of the Library reported $8,750 raised in April and a $25,000 cornerstone gift toward the Carlson renovation (leaving $75,000 to meet the Friends' public-phase target); the director reviewed April financials including $329,480 available toward renovation and revenue of $12,066.47 year-to-date through April.
The Fargo Public Library Board on May 19 reviewed April financials while the Friends of the Library reported strong fundraising progress for the Carlson renovation.
The director told the board that $329,480 is presently available—comprising Friends disbursements and endowment principal—for the Carlson renovation. The April financial summary also recorded $12,066.47 in revenue through April and noted the year-to-date budget position: with 33% of the year lapsed, the library had expended just under 30%.
The Friends reported they raised $8,750 during an April book-sale crawl, marking one of their strongest months. The Friends said they pledged a $25,000 cornerstone gift to the Carlson campaign; the group reported $75,000 remains to meet its public-phase target, which the Friends plan to open July 6.
The director thanked the Friends for their support and noted a number of specific smaller donations and expenditures cited in the packet, including $120 reported as unrestricted donations from a former employee (described as $100 plus a $20 recurring gift) and Friends-funded expenditures such as $427 for billboard and print ads and $603 for Way to Go cards. No formal financial actions or votes were taken at the meeting beyond receipt of the report.
