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Friends of the Canby Library pledged $30,000; board requests regular reporting
Summary
Board members asked the Friends for interval financial reports and clarification of the Friends' pledge; S4 said the Friends pledged $30,000 annually and that reporting beyond the pledge is not guaranteed because the Friends are a separate 501(c)(3). Marissa agreed to request more detailed reports.
Board members requested clearer Friends financial reporting and interval data to help inform budget and programming decisions.
At the meeting a member asked whether the Friends' recent report included numbers and whether those numbers had been tracked through the board transition. Marissa said this was the first Friends report she'd received in a while and that it did not include specific numbers. S4 explained that the Friends make an annual pledge of $30,000 and that the Friends are a separate 501(c)(3), meaning their funding is a pledge rather than a contract the city can compel.
Members asked that future Friends reports include data at regular intervals so the board can use the information for budgeting and planning. Marissa said she would request that the Friends provide interval reporting and more detailed data going forward.
