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Trustees authorize Mary Finn fund to cover year-end book purchases
Summary
The trustees unanimously authorized using the town-managed Mary Finn fund (a bequest restricted to books) to cover end-of-year book bills and overages once June bills are processed, as allowed by the fund's stipulation.
Trustees voted unanimously to authorize use of the Mary Finn fund to cover book-purchase overages after end-of-fiscal-year billing.
Ryan explained the Mary Finn fund is managed by the town, accrues interest, and is restricted by a bequest stipulation that the funds be used for books. Trustees moved, seconded and held a roll-call vote approving use of the fund for any book bills that exceed the fiscal-year allocation; the director may apply the fund after June billing as needed.
The motion passed unanimously. Trustees noted the board must follow the fund's stipulations and coordinate with town accounting and the clerk for proper posting and documentation.
