2020 Budget

INCOME AND REVENUE  
   INCOME  
Gifts/Donations (Restricted and Unresticted) $ 25,000.00
      Grants      $ 15,000.00
      Abatements $ (750.00)
      General Property Tax $ 521,813.00
      Specific Ownership Tax $ 45,000.00
      Book Sale (in-house) $ 2200.00
      Collections Income (Unique Management) $ 100.00
      Copies $ 7,500.00
      Lost Books/ILL $ 600.00
      Other Revenue (& Library Cards) $ 350.00
      Use of Equipment (Fax and Lamination) $ 1,750.00
      Interest Income $ 7,000.00
TOTAL INCOME AND REVENUE $ 625,928.00
   
EXPENSES  
   OPERATING EXPENSES  
      BUILDING EXPENSES  
Alarm Monitoring $ 275.00
Building Maintenance $ 3,000.00
Carpet Cleaning $ 2,400.00
Janitorial $ 15,840.00
Landscape/Grounds Maintenance $ 1,000.00
Snow Removal $ 8,000.00
Trash $ 2,000.00
Electricity $ 7,500.00
Gas $ 650.00
Geothermal $ 875.00
Water & Sewer $ 3,300.00
Window Cleaning $ 350.00
TOTAL BUILDING MAINTENANCE $45,190.00
   
   LIBRARY OFFICE EXPENSES  
      Accounting & Budgeting $ 5,500.00
      Auditing $ 2,000.00
      Collection Fees $ 800.00
      Equipment/Furniture/Fixtures < $500 $ 500.00
      Equipment Maint & Parts $ 4,000.00
      Insurance – Bonding Insurance $ 500.00
      Insurance – Errors & Omissions $ 2,100.00
      Insurance – Liability/Contents/Building $ 9,400.00
      Internet/ISP $ 3,120.00
      Legal Services $ 1,000.00
      Hardware Maint Agreements (copier) $ 3,000.00
      Software Licenses $ 6,000.00
      Office Supplies $ 6,000.00
      Postage $ 900.00
      Sales Tax Expense $ 550.00
      Storage $ 2,100.00
      Telephone $ 3,300.00
TOTAL LIBRARY OFFICE EXPENSES $ 50,770.00
   
       IT Independent Contractor $ 6,000.00
   
   PROGRAMS  
      Adult Programs $ 1,200.00
      Teen Programs $ 750.00
      Children’s Programs $ 1200.00
      Summer Reading $ 2,250.00
TOTAL PROGRAMS $ 4,400.00
   
   PUBLIC RELATIONS  
      Outreach/Marketing $ 4,000.00
      Volunteers & Staff $ 1,200.00
       Flowers $ 150.00
TOTAL PUBLIC RELATIONS $ 5,350.00
   
   PUBLIC USE MATERIALS  
      Courier Service (ILL) $ 6,000.00
      Electronic Databases $ 12,000.00
      Audiobooks $ 9,000.00
      DVD (for adults $1125, for children $375) $ 2,500.00
      Downloadable Materials $8,500.00
      Music $ 100.00
      Books $ 20,100.00
      Subscriptions $ 3,200.00
TOTAL PUBLIC USE MATERIALS $ 66,300.00
   
   STAFF EDUCATION  
      Conferences/Workshops $ 1,000.00
      Membership $ 1,200.00
      Travel $ 3,500.00
TOTAL STAFF EDUCATION $ 5,700.00
   
TOTAL OPERATING EXPENSES $ 178,710.00
   
   CAPITAL OUTLAY  
      Furniture/Fixtures/Equipment > $500 $ 1,000.00
      Microfilm Digitization $ 400.00
      IT Equipment – New $ 14,000.00
TOTAL CAPITAL OUTLAY $ 15,400.00
   
   FIXED EXPENSES  
      Treasure’s Fee (3% Property Tax Revenue) $ 18,000.00
TOTAL FIXED EXPENSES $ 18,000.00
   
   BENEFITS & PERSONNEL  
      TOTAL BENEFITS (Social Security 6.2%, Medicare          1.45%, Retirement 4%, State Unemployment 0.3%, Workman’s Comp 0.27%) $ 36,574.00
      Insurance Allowance $ 30,000.00
      TOTAL SALARIES $ 291,560.00
TOTAL BENEFITS & SALARIES $ 358,135.00
   
TOTAL EXPENSES $ 570,245.00
Contingency Funds $ 55,318.00
   Funds in Reserve  
      Committed for Improvements & Outreach $ 162,000.00
      TABOR Reserve (3% Fiscal Year Expenses) $ 16,760.00
 
   
RESERVE BUDGET  
Reserve Income $ 55,318.00
      
Reserve Expenses  
      Benefits & Salaries $ 33,600.00
      Marketing/PR/Advertising $ 5,000.00
      Reserve Study $ 6,000.00
Total Reserve Expenses $ 44,600.00
   
TOTAL NET INCOME $ 10,718.00

Comments are closed.