1994

Restored Hours and a $10,000 Library Reserve

Members reelected Al Valdes on January 19 and discussed County costs and alternatives. On March 15 they amended the bylaws to change the meeting schedule and voted to stamp materials bought with Friends funds since March 1993. They set aside $1,000 for summer reading if the library held a local program. In June the board endorsed a City subcommittee recommendation on library affiliation and discussed ownership of materials. On November 1 members heard the County had restored funding and planned expanded hours. In December Tim Ferguson and Charlotte Malone wrote in favor of planning for local independence. The board voted December 15 to move $7,500 to a higher-return account. Treasurer Clyde W. Malone Jr. then directed Smith Barney to combine it with $2,500 from the rescue account and buy a one-year $10,000 CD at 6.75% in the Save Our Library name. The Belasco fund closed the year at $18,390.

Drawn from: Annual election and library affiliation study; Board approves bylaw changes and marks Friends-owned books; Board endorses City subcommittee recommendation on library affiliation; Special meeting on restored county funding and ownership of gifts; Hermosa must choose to fund its own library; Board votes to invest $7,500 and debates the rescue fund’s purpose; Clyde W. Malone Jr. instructs broker to purchase a library CD; Annual report — operations, library reserve and Belasco fund.

Summary written by Claude from this year's records, for review by the board. Read every year.