(A) The Treasurer of the village shall establish within the fund accounting system of the village a special and segregated fund known as the Library Fund, into which the Library Board shall deposit all moneys in its possession. However, pursuant to 75 ILCS 5/4-7 of the Local Library Act, the Library Board shall have exclusive control of expenditure of all such moneys.
(B) The Treasurer shall assist the Library Board each year in the preparation of its budget and the inclusion of the library’s budget in the annual appropriation ordinance of the village as set forth in 75 ILCS 5/4-15 of the Local Library Act.
(Prior Code, § 39.003) (Ord. 96-034, passed 12-2-1996)