(A) The Treasurer of the Village of Calumet Park shall transfer all unexpended funds currently collected on behalf of the Calumet Park Public Library in accordance with the ordinances of the Village of Calumet Park and the laws of the State of Illinois to the Custodian of Library Fund.
(B) The Village Treasurer shall be hereinafter responsible for the collection of any assessment lawfully made on behalf of the Calumet Park Public Library pursuant to all applicable laws of the State of Illinois. All monies collected shall be periodically transferred to the designated Custodian of Library Funds. Transfers of these funds shall be made periodically but not more often than twice monthly.
(C) In accordance with the requirements of ILCS Ch. 75, Act 5, § 4-10, 30 days after the expiration of each fiscal year of the Village of Calumet Park, the Library Trustees shall make a report of the condition of their trust on the last of the fiscal year to the Village of Calumet Park Board of Trustees in writing and verified under oath and shall contain:
(1) An itemized statement of the various sums of money received from the Library Fund and other sources;
(2) An itemized statement of the objects and purposes for which the sums of money have been expended;
(3) The statement of the number of books and periodicals available for use in the number and character thereof circulated;
(4) Statement of the real and personal property acquired by legacy, purchase, gift or otherwise;
(5) A statement of the character of any extensions of library service which have been undertaken;
(6) A statement of the financial requirements of the library for the ensuing fiscal year for inclusion in the appropriation of the Village of Calumet Park and of the amount of money which in the judgment of Board of Library Trustees will be necessary to levy for library purposes in the next annual tax levy ordinance;
(7) A statement as to the amount of accumulations and the reasons therefore;
(8) A statement as to any outstanding liabilities including those for bonds still outstanding or amounts due for judgment settlements, liability insurance or other amounts due under a certificate of the Board; and
(9) Any other statistics, information and suggestions that may be of interest.
(Ord. 96-682, passed 6-13-1996)