Internal Controls Policy
Budget and Budget Reconciliation Budget Preparation Each year, it is determined if the library’s revenues are adequate to meet the needs of the community. If the revenues are not adequate to meet the needs of the community, the board of trustees takes action to increase the library’s revenue through a Chapter 414 referendum. In a year in which the Board ofTrustees plans to use a referendum for an increase in taxpayer support of the library, a two-year draft budget will be prepared by the director and finance committee no later than the May regularly scheduled meeting. Depending on results of … Read more