The duties of the board are as follows:
A. Elect Officers; Adopt Rules And Regulations: To annually elect from its membership a President, Secretary and such other officers as it deems necessary and adopt rules and regulations for the government of the library and conduct of its business.
B. Library Fund: To pay into the City Treasury all monies received for the library, and interest thereon, which shall be credited to the Library Fund and kept separate from the other monies of the City, and paid out only upon approval of the board.
C. Control Of Property: To have exclusive control of library grounds and rooms.
D. Report Of Circulation: To annually report to the Council receipts and their sources, disbursements and for what purposes, the number of library materials on hand, purchased and loaned, and other information it deems advisable; and, to file such information with the Minnesota Department of Education not later than April 1 of each year. (1988 Code § 2.54)