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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
Actual
  2017
Budget
% Change 2016-17

 
BEGINNING FUND BALANCE    15,859,712      16,994,284    18,040,228  

 
REVENUES:            
  Property and Other Taxes    16,771,221      17,070,315     17,282,833 1.2%
  State Aid, Federal Aid & Grants          297,046            149,731           194,718 30.0%
  Investment Earnings            19,371               30,330             29,434 -3.0%
  Charges for Services          636,638            610,533           582,426 -4.6%
  Donations          143,309            105,775           135,097 27.7%
  Miscellaneous            47,340            108,578           117,356 8.1%

Gain from Sale of Capital Assest

-   11,711   - -100.00%
  TOTAL REVENUE    17,914,925      18,086,973     18,341,864 1.4%

 
EXPENDITURES:            
  Salaries & Benefits    10,939,525      11,250,057     11,838,078 5.2%
  Library Materials      2,932,616         2,935,888       3,206,280 9.2%
  Operations      2,120,154         2,357,699       2,706,800 14.8%
  Technology & Telecommunication          290,228            247,013           588,075 138.1%
  TOTAL OPERATING EXPENDITURES    16,282,523      16,790,657     18,339,233 9.2%

 
CAPITAL:            
  Special and Building Projects          497,830            250,372           851,000 239.9%
  TOTAL EXPENDITURES    16,780,353      17,041,029     19,190,233 12.6%
CHANGE IN FUND BALANCE      1,134,572         1,045,944         (848,369)  
ENDING ACTUAL/PROJECTED FUND BALANCE    16,994,284      18,040,228     17,191,859 -4.7%
   
   
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.