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Library trustees review finances, discuss shifting $2,500 from donation account
Summary
At their March 23 meeting, the Paul Memorial Library Board of Trustees reviewed treasurer statements showing a $4,145.02 general fund balance and discussed moving $2,500 from a donation account into the general fund for FY27 budgeting; the minutes record the instruction but show no recorded vote tally.
The Paul Memorial Library Board of Trustees reviewed monthly financial statements and discussed short-term accounting moves at their March 23, 2026 meeting.
Treasurer figures in the minutes list the general fund balance at $4,145.02 (Feb statement), the donation account at $5,210.45 (Feb statement) and petty cash at $333.97 (Oct). The meeting reviewed a manifest showing expenses of $11,917.86 and income of $10,040.00. The minutes note that the prior meeting minutes (Feb. 17, 2026) were accepted; no mover, seconder or vote tally is shown in the record.
Board members discussed whether the donation account should be comingled with the general fund. The minutes include an instruction to move $2,500 from the donation account into the general fund for the FY27 budget; the record does not show a formal recorded vote or the names of a mover and seconder. Trustee Win Fream was recorded as taking a follow-up task to check with BOS on invoices for oil and electricity.
The board asked staff to prepare a full line-item FY27 budget for presentation at the April meeting and to clarify open FY26 accounting items, including utilities (the HVAC project) and supplies. The minutes list the FY27 line-item budget as an action item to be created; again, no vote tally or formal motion details are recorded.
The meeting closed with the next meeting set for May 20. Minutes were submitted by Jack Parnham.
