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MINUTES- PARIS PUBLIC LIBRARY ADVISORY BOARD MEETING Wednesday, March 15, 1989 The Paris Public Library Advisory Board met in regular session March 15, 1989, at 4:00 P.M. in the Library Texana Room with Chairman BIll Hagood presiding. Board members present were Rogene Patterson, Beth Shelton, Jean Gibson, Jackie Alsobrook, Virginia Gibbs and Eric Tate. Absent were William Neely and Frances Ellis. Library Director Beverly Ann Lewis also attended. The February 22, 1989, Minutes were approved as circulated. Ms. Lewis presented the Budget Report which indicated that while we are 41.6% into the Fiscal Year, the Library has spent just 37.20 of its budget. The Statistical Report indicated February circulation was 10,558 which is an increase of 1,256 from one year ago.- The total todate is 47,213 compared to 39,673 a year ago - an increase of 7,540. Ms. Lewis noted the emphasis on non - fiction acquisitions because of their abundant availability this time of year and the special prices many publishers are offering. Gene Anderson, City of Paris Finance Director, gave the following report on the Library's Trust Funds as of February 28, 1989: A. J. A. Love. Balance $45,122.89. This money is deposited in a single C.D. at American Federal Bank and will mature 10/30/89. It is a non - expendible trust and only the interest on the original amount of $29,870.07 may be spent. No specific use was stipulated. B. Wilbor- DeShong Trust Fund. Balance $35,756.89. This money deposited in a single C.D. at American Federal Bank and will mature 09/18/89. It is a discretionary fund with the Board and the Will stated the preference was for the money to be spent on books. C. Poteet Trust Fund. Balance $16,013.71. This money deposited in a single C.D. at American Federal Bank and will mature 09/18/89. It is an expendible fund and no specific use was specified in the Will. D. The Love Fund interest is in a Money Market Account and the balance is $2,108.74 at First Federal Savings. Total trust funds balance is $99,002.23 with $29,870.07 of that non - expendable. ` Ms. Lewis commented it would be a mistake to do anything regarding these funds until the fall when they mature and suggested the matter be discussed in the August Board meeting. She suggested using only the interest monies and leaving the principals intact. Chairman Hagood asked Ms. Lewis to generate a "Wish List" stating how monies could be used. She replied that supplementing the book budget and underwriting programming are critical areas of need.