RCLS: ILS Services: ILS Support Funds
ILS Unallocated Fund
This fund results from unspent ILS funds from the annual operating budget. These funds are held in trust by RCLS for member libraries and cannot be used unless authorized by the Directors’ Association. This fund is typically used to pay for new subscriptions for the first year.
As custodian of the funds, the RCLS Board of Trustees approves all budgets and budget adjustments, in addition to the Directors' Association, and RCLS Policies, such as the Procurement Policy, must be adhered to.
ILS Ten Year Capital Fund
Member libraries contribute an annual amount to this fund which covers the cost of hardware and software required to maintain the central ILS services site and the infrastructure that support the ILS.
As custodian of the funds, the RCLS Board of Trustees approves all budgets and budget adjustments, in addition to the Directors' Association, and RCLS Policies, such as the Procurement Policy, must be adhered to.