Bill > SB1675

This bill allows the board of trustees of an urban library district to change the dates of its fiscal year, which is currently set from July 1st to June 30th, by allowing them to set different dates. It also clarifies that the budget must be approved by the last day of the fiscal year preceding the one it covers, and that funds derived from local taxation for normal operations should be kept in a library operating fund, while funds for building purposes should be in a library building fund, with other funds managed as the board deems necessary. The bill also outlines procedures for disbursing funds, requiring board authorization and certification for payments, and mandates that the treasurer provide regular financial reports to the board.

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=5391805