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MINUTES <br />PARIS PUBLIC LIBRARY ADVISORY BOARD MEETING <br />Wednesday, March 15, 1989 <br />The Paris Public Library Advisory Board met in regular session <br />March 15, 1989, at 4:00 P.M. in the Library Texana Room with <br />Chairman BIll Hagood presiding. Board members present were Rogene <br />Patterson, Beth Shelton, Jean Gibson, Jackie Alsobrook, Virginia <br />Gibbs and Eric Tate. Absent were William Neely and Frances Ellis. <br />Library Director Beverly Ann Lewis also attended. <br />The February 22, 1989, Minutes were approved as circulated. <br />Ms. Lewis presented the Budget Report which indicated that <br />while we are 41.6% into the Fiscal Year, the Library has spent just <br />37.2% of its budget. <br />The Statistical Report indicated February circulation was <br />10,558 which is an increase of 1,256 from one year ago. The total <br />todate is 47,213 compared to 39,673 a year ago - an increase of <br />7,540. <br />Ms. Lewis noted the emphasis on non - fiction acquisitions <br />because of their abundant availability this time of year and the <br />special prices many publishers are offering. <br />Gene Anderson, City of Paris Finance Director, gave the <br />following report on the Library's Trust Funds as of February 28, <br />1989: <br />A. J. A. Love. Balance $45,122.89. This money is deposited <br />in a single C.D. at American Federal Bank and will mature 10/30/89. <br />It is a non - expendible trust and only the interest on the original <br />amount of $29,870.07 may be spent. No specific use was stipulated. <br />B. Wilbor- DeShong Trust Fund. Balance $35,756.89. This money <br />deposited in a single C.D. at American Federal Bank and will mature <br />09/18/89. It is a discretionary fund with the Board and the Will <br />stated the preference was for the money to be spent on books. <br />C. Poteet Trust Fund. Balance $16,013.71. This money <br />deposited in a single C.D. at American Federal Bank and will mature <br />09/18/89. It is an expendible fund and no specific use was <br />specified in the Will. <br />D. The Love Fund interest is in a Money Market Account and the <br />balance is $2,108.74 at First Federal Savings. <br />Total trust funds balance is $99,002.23 with $29,870.07 of that <br />non - expendable. <br />