Item No. 7.2

Council Report: C 212/2019

Subject: 2020 Annual Reserve Fund Expenditure Plan & List of Donations and Bequests Received in 2019 - Windsor Public Library Board -City Wide

Reference: 

• Date to Council: 1/27/2020
• Author: Dan Seguin
• Deputy Treasurer, Financial Accounting
• 519-255-6100 x1663
• dseguin@citywindsor.ca

Financial Accounting Report Date: 12/6/2019 Clerk's File #: AFB/13467

To: Mayor and Members of City Council

Recommendation: That Council RECEIVE FOR INFORMATION this report entitled "2020 Annual Reserve Fund Expenditure Plan & List of Donations and Bequests Received in 2019 - Windsor Public Library Board".

Executive Summary:

N/A

Background:

The 2014 Operating Agreement between the Corporation of the City of Windsor and the Windsor Public Library Board (WPLB), as amended, pursuant to Section 2(b)(v), assigns the WPLB the responsibility to:

"Direct the use of all Windsor Public Library reserve funds and bequests and donations made to the Windsor Public Library. At the time the Board makes its annual budget submission to City Council, the Board shall also submit an annual expenditure plan for the reserve funds, as well as a list of bequests and donations received, for the information of Council."

This report is submitted on behalf of WPL Administration to fulfill this requirement.