[Michlib-l] Library General Fund Balance

[Jack Buck]

Hello -

Is there an average/standard practice for a library's general fund balance? Our board and I are interested in gauging whether we are spending as much as we should be. There's the potential question from the public of why go for a millage if you have "x" amount saved away.

I asked my library cooperative, and received a handful of responses, varying widely from 15-60%. Given that broad range, was hoping to narrow it down to have a better idea.

Thanks.

Jack Buck
Richland Community Library



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