Bill > SB396

This bill modifies existing Missouri state law regarding consolidated public library districts' fiscal year management by explicitly allowing the board of trustees to set a fiscal year different from the traditional July 1st to June 30th period. Previously, the law specified a fixed fiscal year, but now trustees have the flexibility to establish their own fiscal year dates. The bill also maintains existing provisions related to budget preparation, requiring the librarian to submit an annual budget to the board of trustees, who must approve it by the last day of the preceding fiscal year. Additionally, the bill preserves other financial management requirements, such as the treasurer's responsibilities for receiving and managing district funds, depositing money in designated accounts, and providing regular financial accountings to the board. These changes provide local library boards with more administrative flexibility while maintaining financial oversight and transparency.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=344