ALACHUA COUNTY LIBRARY DISTRICT
POLICY STATEMENT
Approved by: Board of Trustees 1/21/98
Approved by: Governing Board 2/12/98
In accordance with the Alachua County Library District Gifts and Donations
Policy, the Governing Board has designated that Brady Trust Funds be
maintained in an amount equivalent to the amount at the year of donation, i.e.,
inflation will be considered and the principal increased annually to counteract the
effects of inflation. In addition, all earnings from the Brady Trust Fund in excess
of the amount equivalent for inflation may be used to purchase items for the
library collection, purchase library equipment, be reinvested in the Trust Fund; or
used in combination for the library collection, library equipment and reinvestment
in the Trust. The amount to be expended and/or reinvested from all excess
earnings will be determined from year to year during the annual budget process
in accordance with this policy.
