1998

The Belasco Endowment Reaches Its Goal

On January 7 Al Valdes asked residents to give magazine subscriptions from a list of titles the librarian sought. On January 22 the Friends reported the Belasco endowment fully funded at $25,486.54 and expected to use its interest for children's materials. Members elected Valdes president and approved a budget of $15,100 in income and $10,075 in expenses. In March the Beach Reporter profiled Bill and Charlotte Malone and their leadership of the Friends. In April the board approved $1,000 from the fund for summer reading and $300 for children's books. The midsummer sale raised $2,408, and members debated Internet access and library parking. In November the board designated $1,925.30 of sale proceeds for Belasco. The treasurer reported $8,069.98 in cash and approximately $26,750.37 in the fund.

Drawn from: Al Valdes appeals for magazine gift subscriptions; Board reports Belasco fully funded and elects Al Valdes; Beach Reporter profiles Bill and Charlotte Malone; Board funds summer reading and children's books from Belasco; Board reviews midsummer sale and library computer access; November sale proceeds designated for Belasco; Treasurer’s report through November 19.

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