Foundation and development update: MOU edits, snack program funds designated restricted
Development staff reported grant activity and described MOU edits: corrected a numeric error, clarified that the snack program funds are designated restricted (Walder Foundation), and noted city payments to the library follow monthly invoicing (roughly 1–1.5 months behind).
The full story
Development staff (Katie, S2) briefed the board on recent grants, an upcoming book sale, and edits to an annual memorandum of understanding (MOU) with the foundation. S2 said the packet version contained a numeric versioning error that was corrected, and the finance committee suggested paring down some detail next year. S2 highlighted that the snack program funds — a grant from the Walder Foundation — are designated restricted funds and updated language to reflect that status.
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