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Money Matters: Money Matters

Money Matters

Trustees have a responsibility to safeguard public funds. To understand the budgeting process and approve an annual budget for the library, board members must know where the money comes from and how much revenue they can expect to build into the budget each year. A good understanding of revenue sources is important as board members must encourage continued funding from those sources and find new sources when needed.

Each board member should:

  • Know the library's financial base and background
  • Know the governmental unit(s) allocating the local appropriation
  • Know the grants available from the state and federal government
  • Understand the basics of legal regulations and reporting required for library funding
  • Understand the financial needs of library operation and plan for funds needed for growth and expansion
  • Investigate other possible sources of funding: a bond issue, endowments, trusts, memorials, dedicated tax revenue, foundation grants, donations, gifts, and fines
  • Not wait for a budget presentation to make a case for needed funding or to describe programs and services; this is an ongoing responsibility of all trustees

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Nevada State Library, Archives, & Public Records

100 N. Stewart Street
Carson City, NV 89701

Administration
Phone: (775) 684-3339
Fax: (775) 684-3311
Email Administration

Library Services
Phone: (775) 684-3360
Email Library Services
Ask a Librarian

Library Development
Phone: (775) 684-3367
Email Planning & Development

Talking Books
Phone: (775) 684-3354
Toll Free (800) 922-9334
Email Talking Books

Archives
Phone: (775) 684-3310
Fax: (775) 684-3371
Ask An Archivist

Records Management
Phone: (775) 684-3411
Fax: (775) 684-3426
Ask State Records

Imaging & Preservation
Phone: (775) 684-3414
Fax: (775) 684-3426