HomeMy WebLinkAbout1977-01-10 LIBRARY BOARD minutes F0_')\ 'I" / FINANCIAL REPORT OF THE FRIENDS OF THE LIBRARY
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REPORT ON FRIENDS ACCOUNT AT IDAHO FIRST NATIONAL 7BANK--
e) Cash in Bank 12-31-76 $1,053.61
Capital Improvement Funds Received from the City 53,3311.00
TOTAL CASH IN 1977 $511,387.61
DISBURSEMENTS:
Escrow payments on Armstrong Property $2,750.00
Jackson, Messuri & Bates--Tax Report 75.00
Keys, Olson & Ensley----Whittenberger Plaque in the
Children's Library 1150.00
2nd payment on Loan at Idaho First National Bank 50,000.00
TOTAL DISBURSEMENTS IN 1977 353,275.00
Balance in Bank 12-31-77 $1,112.61
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CITY OF CALI)WELL REPORT TO FRIENDS OF
THE LIBRARY
Beginning Balance 1-1-77 $56,516.16
Taxes Received 117,195.311
Interest Received 4,165.84
Whittenberger Grant for 1977 27,381.71
Warrant Outstanding --This wt. is in Friends Bank 250.00
Account on this date
$135,509,05
DISBURSED--
Warrants
ISBURSED___Warrants Issued to Friends of the Library $53,334.00
Cash on Hand 775.05
Savings Certificate 81,1100.00
$135,509.05
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STATUS OF LOAN--
Original Loan $325,000.00
paid on Loan to date 68,239.811
Balance on Loan
$256,760.16
Interest paid on Loan to date $31,760.16
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see next page
FRIENDSOF THE LIBRARY REPORT---Page No. 2
ARMSTRONG PROPERTY--
Purchase Price $32,500.00
°1 Paid to date 3,2.50.00
1 Balance
$29,250.00
No interest paid
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FRIENDS MEMBERSHIP ACCOUNT- IDAPO BANK AND TRUST
Balance on hand 12-31-76 $996.10
Membership dues:
Mildred Pasley $2.00
Bob Pasley 2.00
Gerald Weston 2.00
Alice Ballantyne 2.00
Alice Dunlap 2.00
Carolyn Payne 2.00
Frank W. Payne 2.00
Alta E. 1+illiams 2.00
Philip G. Eldredge 2.00
Lester Carter 2.00
Boyd Harris 2.00 24.00
Coralie Weston 2.00
/.4441 Total Cash for 1977 $1,020.10
Our Bank Balance $1,020.10
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All paid Receipts and hooks showing all payments and balances in detail are
in the hands of Alta E. Williams at 1404 Fairview Avenue, Caldwell, Idaho.
Since the $8,,400.00 has already been invested for one year -it is anticipated
that we will have interest in the amount of $6,500.00 or more for the year
1978. The interest rate for the $8,400.00 already invested is 7.33%.
5 bmitted by
Treasurer of the Friends of the Library
Alta E. Williams