Your Library and Its Finances

Transfers Out

Transfers out isn’t as likely to be used by the library. 

It’s primarily a category for local governments. 

One exception to this is if the library has a library depreciation reserve fund. In that case the library board will need to make a motion to transfer funds from the library’s general operating fund (usually numbered 2220) to the library depreciation fund (usually starts with a 4). 

The library director will need to work with the correct person at the city or county to transfer the money. If the library needs to transfer money to another city or county department, please work with your clerk or finance officer to determine how to budget for that item.