Commissioner Lee nominated Charles Taylor as the Vice Chair for 2001. Commissioner Haley seconded the motion, and it was passed. Regarding the financial report, Cathy Turk wanted the Commissioners to understand that each of the annual awards is a separate bucket or a separate pot of money, and when projects or initiatives are authorized, they are paid out of one of those buckets. We stay true to the amount of money that you allocate for any individual project or initiative. However, which pot the expenditure for the initiative actually gets paid out of may vary.
Old money is spent first.
Ms. Turk also indicated the Library is not audited by the federal government. The Library is audited by the State Auditor s Office every biennium. The Library is also required to do an internal audit annually as a self review on checks and balances. She is in the process of reviewing proposals from applicants from the General Administration pool of pre-qualified contractors for that service. Commissioner Taylor had a concern that the Library should be moving a little farther out ahead of things rather than responding to them as they come.