2019 proposed budget

The library board of trustees approved this draft of a budget.  The public is invited to give comment at the board meeting on Wednesday, November 21 at 4 pm at the library.  Physical copies of this budget can also be picked up at the library.  We welcome your input at the meeting on November 21.  Thank you.

Board Approved

(for public notice)

BUDGET

2019

INCOME AND REVENUE
   INCOME
Gifts/Donations $ 6,000.00
      Grants $ 20,000.00
      Abatements $ (1,000.00)
      General Property Tax $ 465,885.00
      Specific Ownership Tax $ 45,000.00
      Book Sale (in-house) $ 3800.00
      Collections Income (Unique Management) $ 100.00
      Copies $ 7,750.00
      Lost Books/ILL $ 600.00
      Other Revenue (& Library Cards) $ 250.00
      Online Book Sales (Amazon and Better World Books) $ 50.00
      Use of Equipment (Fax and Lamination) $ 2,000.00
      Interest Income $ 1,500.00
TOTAL INCOME AND REVENUE $ 551,935.00
EXPENSES
   OPERATING EXPENSES
      BUILDING EXPENSES
Alarm Monitoring $ 275.00
Building Maintenance $ 3,000.00
Carpet Cleaning $ 2,200.00
Janitorial $ 14,400.00
Landscape/Grounds Maintenance $ 2,000.00
Snow Removal $ 10,000.00
Trash $ 1,700.00
Electricity $ 7,500.00
Gas $ 700.00
Geothermal $ 850.00
Water & Sewer $ 3,300.00
Window Cleaning $ 350.00
TOTAL BUILDING MAINTENANCE $46,275.00
   LIBRARY OFFICE EXPENSES
      Accounting & Budgeting $ 5,300.00
      Auditing $ 7,800.00
      Collection Fees $ 800.00
      Equipment/Furniture/Fixtures < $500 $ 500.00
      Equipment Maint & Parts $ 3,000.00
      Insurance – Bonding Insurance $ 450.00
      Insurance – Errors & Omissions $ 2,300.00
      Insurance – Liability/Contents/Building $ 8,700.00
      Internet/ISP $ 3,150.00
      Legal Services $ 1,000.00
      Hardware Maint Agreements (copier) $ 6,300.00
      Software Licenses $ 6,000.00
      Office Supplies $ 6,200.00
      Postage $ 800.00
      Sales Tax Expense $ 550.00
      Storage $ 1,800.00
      Telephone $ 3,500.00
TOTAL LIBRARY OFFICE EXPENSES $ 58,650.00
   PROGRAMS
      Adult Programs $ 1,200.00
      Teen Programs $ 750.00
      Children’s Programs $ 750.00
      Summer Reading $ 1,700.00
TOTAL PROGRAMS $ 4,400.00
   PUBLIC RELATIONS
      Volunteers & Staff $ 1,200.00
       Flowers $ 100.00
TOTAL PUBLIC RELATIONS $ 1,300.00
   PUBLIC USE MATERIALS
      Courier Service (ILL) $ 5,500.00
      Electronic Databases $ 11,000.00
      Audiobooks $ 8,000.00
      DVD (for adults $1125, for children $375) $ 2,000.00
      Downloadable Materials $7,000.00
      Music $ 100.00
      Books $ 20,500.00
      Subscriptions $ 3,300.00
TOTAL PUBLIC USE MATERIALS $ 57,400.00
   STAFF EDUCATION
      Conferences/Workshops $ 1,600.00
      Membership $ 600.00
      Travel $ 3,500.00
TOTAL STAFF EDUCATION $ 5,700.00
TOTAL OPERATING EXPENSES $ 173,725.00
   CAPITAL OUTLAY
      Microfilm Digitization $ 400.00
      IT Equipment – New $ 4,000.00
TOTAL CAPITAL OUTLAY $ 4,400.00
   FIXED EXPENSES
      Treasure’s Fee (3% Property Tax Revenue) $ 16,000.00
TOTAL FIXED EXPENSES $ 16,000.00
   BENEFITS & PERSONNEL
      TOTAL BENEFITS (Social Security 6.2%, Medicare          1.45%, Retirement 4%, State Unemployment 0.3%, Workman’s Comp 0.27%) $ 34,880.00
      TOTAL SALARIES $ 300,440.00
TOTAL BENEFITS & SALARIES $ 335,320.00
TOTAL EXPENSES $ 529,445.00
Contingency Funds $ 22,490.00
   Funds in Reserve
      Committed for Improvements & Outreach $ 162,000.00
      TABOR Reserve (3% Fiscal Year Expenses) $ 15,885.00
 
RESERVE BUDGET
TOTAL BENEFITS & SALARIES $ 22,475.00
MARKETING/OUTREACH $ 4,000.00
TOTAL EXPENSES FROM RESERVES $ 26, 475.00

 

 

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