Hermosa Beach Library Donation Trust Fund

County Library purchasing vehicle receiving Friends support; not automatically an HBFoL-owned investment fund.

Also named in the records: Library DTF

Latest documented position: See dated observations and unresolved questions; absence from later reports is not evidence of dissolution.

From the records

1. March 20, 2019authorized; payment not verified

   Friends authorize an initial $1,000, stated as 25% of the book budget, through the Library DTF. Further installments require Friends-versus-County purchase reports. $1,000.00

   Source: Board meeting conditions Library trust funding on expenditure reports; Board meeting conditions Library trust funding on expenditure reports

Entries record what each document says, in the dollars of its day. A fund that stops appearing in the reports was not necessarily closed or spent.