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G

GAAP

generally accepted accounting practices

governing structure

The authority your board has over the library’s money and budget process is determined by your governing structure. It may be one of the following:

  • independent library district
  • governed by an interlocal agreement
  • a city or county library
  • a library that belongs to a city that has a self-governing charter.



grants

Grants to non-profits can extend library services and help the library find funding for one time only projects or pilot programs the library wants to try. These grants usually have stipulations on how the funds may be used, so directors will want to monitor and track the expenses paid for with grant funds.