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Recently Asked Questions (RAQs)

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Displaying 6 - 10 of 11
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Handling Funds for Friends of the Library

There seems to be a trend for libraries that have Friends groups to hold fundraisers, donations, and membership drives at the library. In some instances, the library collects money for the Friends and pays it to them at a later date. Considering the cash handling procedures libraries have to worry about, is it allowable for libraries to collect Friends membership dues and donations then pay it back to the Friends?

Charitable organization filing requirements for small (under 50k) “Friends”

Are incorporated "Friends", who do not receive over $50 thousand, do not have paid staff, and are only able to provide the funds to the library, required to register [with the New York Attorney General] and submit the CHAR500 form?

Can Library Surplus Funds Be Added to Municipal General Fund

We are a small municipal library serving a village of 6500 & a town population the same size. Our village trustees have decided to take our balance from the 2022-2023 fiscal year & add to the village general fund. Does New York State Education Law #259 apply here? We were told it is just the Attorney General’s interpretation of the law & does not keep the balance in the library’s possession.

 

Reallocation of Earmarked Library Funds

Is it legal for a library board to approve expenditures (without a referendum) for a capital project from its operating funds (or operating fund balance) to bridge a shortfall in bond monies earmarked for the construction of a new building?

Transfer of Funds in School District Public Libraries

What law, regulation, or regulatory authority governs the budget transfer policy at a school district public library?  Is there any case law or authority on that?