About Us -

Fiscal Year 2017 Budget

FY2017 Library Director's Budget Message  
    St. Charles City-County Library District  
    2017 Annual Budget  
General Fund   (July 1, 2016 through June 30, 2017)  

 
Statement of Budgeted
Revenues and Expenditures
2015
Actual
  2016
Budget
  2017
Budget
 

 
BEGINNING FUND BALANCE    15,859,712      16,994,284    16,804,408  

 
REVENUES:            
  Property and Other Taxes    16,771,221      16,778,247     17,282,833  
  State Aid, Federal Aid & Grants          297,046            47,254           194,718  
  Investment Earnings            19,371               19,563             29,434  
  Charges for Services          636,638            644,291           582,426  
  Donations          143,309            40,379           135,097  
  Miscellaneous            47,340            124,286           117,356  
  TOTAL REVENUE    17,914,925      17,654,020     18,341,864  

 
EXPENDITURES:            
  Salaries & Benefits    10,939,525      11,524,760     11,838,078 64.6%
  Materials      2,932,616         3,127,200       3,206,280 17.5%
  Operations      2,120,154         2,549,990       2,706,800 14.8%
  Technology & Telecommunication          290,228            451,946           588,075 3.2%
  TOTAL OPERATING EXPENDITURES    16,282,523      17,653,896     18,339,233 100%

 
CAPITAL:            
  Special and Building Projects          497,830            190,000           851,000  
  TOTAL EXPENDITURES    16,780,353      17,843,896     19,190,233  
CHANGE IN FUND BALANCE      1,134,572         (189,876)         (848,369)  
ENDING ACTUAL/PROJECTED FUND BALANCE    16,994,284      16,804,408     15,956,039  
   
   
ADDITIONAL INFORMATION:  
Revenue is primarily based on property tax. The fiscal year 2017 tax rate was set by the Trustees at the September 2016 Board Meeting. The FY2017 tax rate is $0.2200 per $100 of valuation. The Library tax rate approved by voters is $0.2600. Detailed budget information is available at each library branch.