Finances
Answer
Policy Statement:
The Town of Two Hills Public Library Board shall keep detailed financial records of all monies.
Guidelines and Procedures:
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- The Fiscal period shall be January 1 to December 31, inclusive.
- A Petty Cash fund shall be established of up to $150.00 for the library and replenished as needed throughout the year.
- The board shall approve any purchase exceeding $300.00 at a time.
- Expenses of the staff shall be reimbursed as outlined in Policy #510 and Policy #511 of this manual.
- The Town of Two Hills Library Board shall prepare applications for grants as directed by the Board.
- Funds collected by the library shall be deposited in the Alice Melnyk Public Library bank account at least monthly.
- Funds collected at the library shall be kept in a secure area until deposited.
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