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Deposit of Funds

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Financial Polices

Deposit of Funds 

(Adopted 4/22/2014) 

The Director, or his/her designee, is authorized to deposit all available library funds in the short-term account that he/she feels best meets the Library’s current financial needs. 

The Director is to report the deposit of all Library funds to the Board of Trustees in the monthly financial report. 

The Board of Trustees expects that the Director, or his/her designee, will deposit all available Library funds into authorized accounts in a timely manner. 

As part of the Annual Reorganization in June, the Board will approve the Bank Depositories. 

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