ITEM NUMBER: 6.04
CHAPTER 6: Library Board
CODE: Policy
COMPUTER ID: LIB-4
Title: Fiscal Powers of the Library Board and the Library Director
Effective Date: 11-24-86
Authorized By: Library Board of Trustees
Date of Last Revision: 8-2022
The Marathon County Public Library (MCPL) Board of Trustees (Library Board) has the
authority granted to it under Wisconsin Statutes § 43.58, including exclusive control of the
expenditure of all moneys collected, donated or appropriated for the library fund and the
power to .
Annual Budget
It is understood that the annual budget is a general indication of how the financial
resources of MCPL should be allocated among its various operations. The Library Board
also recognizes that this budget is primarily a guide for the MCPL Library Director, and that
the Director has the discretionary authority to make adjustments between line items as
circumstances warrant. While the Director may make adjustments between line items, they
must not allow the total operating budget to exceed the amount set by the Library Board.
The Library Board expects that the Director will report periodically on how actual line item
expenditures compare to the figures in the annual budget approved by the Library Board.
All payments of bills and claims are to be reported to the Library Board monthly.
Positive Fund Balance
It is understood that funds allocated to the annual budget may occasionally exceed
actual expenditures for the fiscal year. According to its statutory authority, the Library
Board entrusts the Library Director to reallocate this positive fund balance for use
beyond the current fiscal year and apart from the annual budget. These funds may be
used to proactively manage long term and multi-year challenges and needs beyond the
scope of the annual budget, and may include (but are not limited to) enhancements to
library technology, interior refurbishment, branch development, equipment and services.
The Library Board expects that the Director will report periodically on the status and
usage of the positive fund balance.
CHAPTER 6: Library Board
CODE: Policy
COMPUTER ID: LIB-4
Title: Fiscal Powers of the Library Board and the Library Director
Effective Date: 11-24-86
Authorized By: Library Board of Trustees
Date of Last Revision: 8-2022
The Marathon County Public Library (MCPL) Board of Trustees (Library Board) has the
authority granted to it under Wisconsin Statutes § 43.58, including exclusive control of the
expenditure of all moneys collected, donated or appropriated for the library fund and the
power to .
Annual Budget
It is understood that the annual budget is a general indication of how the financial
resources of MCPL should be allocated among its various operations. The Library Board
also recognizes that this budget is primarily a guide for the MCPL Library Director, and that
the Director has the discretionary authority to make adjustments between line items as
circumstances warrant. While the Director may make adjustments between line items, they
must not allow the total operating budget to exceed the amount set by the Library Board.
The Library Board expects that the Director will report periodically on how actual line item
expenditures compare to the figures in the annual budget approved by the Library Board.
All payments of bills and claims are to be reported to the Library Board monthly.
Positive Fund Balance
It is understood that funds allocated to the annual budget may occasionally exceed
actual expenditures for the fiscal year. According to its statutory authority, the Library
Board entrusts the Library Director to reallocate this positive fund balance for use
beyond the current fiscal year and apart from the annual budget. These funds may be
used to proactively manage long term and multi-year challenges and needs beyond the
scope of the annual budget, and may include (but are not limited to) enhancements to
library technology, interior refurbishment, branch development, equipment and services.
The Library Board expects that the Director will report periodically on the status and
usage of the positive fund balance.