Library Board of Trustees | May 6, 2026

The City of Palm Springs Library Board of Trustees held a meeting on May 6, 2026, where they discussed various library-related updates including the Friends of the Library's grant award of $20,000 from US Bank for the summer reading program and the Palm Springs Public Library Foundation's capital campaign, which has raised $2.2 million in pledges with $1.7 million collected. The Foundation is developing an investment policy for managing endowment funds and planning donor appreciation events. The board reviewed the library's trust funds, discussing their management, restrictions, and potential policy tweaks to maintain a reserve fund while allowing flexibility in spending. They compared their trust fund management practices with other libraries and concluded that their current system, where the city manages investments but the trustees control spending, is effective. The board also rescheduled their June meeting to June 9, 2026, at the City Hall annex. No new procurement contracts or vendor selections were reported, but the discussion on trust fund management and capital campaign fundraising could influence future library funding and procurement activities.