Finance General
Answer
Policy Statement: The Vilna & District Library Board shall keep detailed financial records of all monies.
Guidelines and Procedures:
- The fiscal period shall be January 1 to December 31, inclusive.
- A petty cash fund shall be established of up to $50 for the library and replenished throughout the year.
- The board shall approve any purchase over the amount designated for petty cash.
- Expenses of the staff shall be reimbursed as outlined in Policy #510 and Policy #511 of this manual.
- Funds collected by the library shall be deposited in the Board’s bank account at least monthly.
- Funds collected at the library shall be kept in a secure area until deposited.