Investments, fund balances and the status of such accounts will be reported at each regularly scheduled meeting of the Board of Trustees and at least quarterly include information regarding any owned securities in the portfolio by class or type, book value, income earned, and market value as of the report date. At least annually, the Treasurer and, by designation, the Executive Director shall review this policy for any needed modifications and report to the Board on the investment portfolio, its effectiveness in meeting the Library’s need for safety, liquidity, rate of return, diversification and general performance. These reports will be available to the general public upon request.
Adopted by the Board of Trustees December 13, 1999; Revised June 12, 2006; Updated December 11, 2017