Mamaroneck Library Receives Emergency Funding
The Mamaroneck Public Library (MPL) has received emergency funding in the form of a Tax Anticipation Note (TAN) issued on their behalf by the Village of Mamaroneck. The following is a statement from the Library.
“While we are very relieved that this immediate concern has been met, we are still working to regain the trust of the community and want to reassure the community of our efforts and offer clarity and accountability in our next steps.
“The MPL has contracted forensic accountants Nawrocki Smith LLP (Nawrocki) to investigate and uncover irregularities, and also to recommend and implement ongoing fraud prevention and transparency measures. They are working closely with MPL administration beyond the necessary investigative work to:
“Support best accounting practices, help implement necessary controls, and ensure stakeholders get accurate and appropriate information.
“Nawrocki’s work is ongoing. We are awaiting the completion of their investigation along with their final findings and recommendations.
“While we wait for the final report, we are working to restore MPL’s financial health. Early on, the MPL took drastic steps to cut spending -even books- and continues to evaluate all programs and contracts. The Board Treasurer resigned, and the Board is seeking a Treasurer. The Treasurer does not need to be a member of the Board. In the interim, the Board has a new member with extensive budgeting and financial reporting experience who will help in any possible way.
“A new Finance Committee composed of current and newly elected Trustees, as well as independent community members skilled in budgeting and finance, has been formed. The Finance Committee, in partnership with the MPL leadership, is working to address the immediate crisis, to map the next few years, and to prepare a budget for consideration in the December 2023 election. It is anticipated that the new budget will establish austerity level spending, which will mean a temporary reduction in services and programs. If approved, this budget will be in effect for the June 1, 2024 – May 31, 2025, MPL fiscal year. With the anticipated new budget vote, we hope to emerge from this crisis even stronger. We will still welcome support and donations from the public – many libraries depend on a fundraising model to boost revenue over the tax monies received.
“We are using Network for Good, linked on the MPL website, for direct donations–and that remains the best way for community members who would like to donate to support the MPL. Network for Good is a trusted tool used by many not-for-profit organizations. Donations, which are tax deductible to the extent provided by law, will be acknowledged and will help support the essential functions of the MPL. Those who wish to fund beloved non-essential programming can also make direct donations to the MPL.
“The MPL is grateful to the community for its support during this difficult time. The MPL has proudly served Mamaroneck for 100 years. With your support, we hope to continue for at least 100 more.”
For a complete listing of events, visit mamaronecklibrary.org