What is the role of the library director in helping the board to monitor the budget?

To facilitate the board’s monitoring of library finances, the director must:

• Present them with financial statements that the library board and other constituencies can understand;
• Provide them with monthly financial reports that include:
• Year-to-date revenues and expenditures compared to initial projections;
• The total budget delineated by BARS (Budgeting, Accounting, and Reporting System) categories;
• The balance of budgeted funds remaining for the fiscal year;
• An explanation of any significant changes.