Thursday, November 8, 2007

Draft CY 2008 Budget for MGPL


MORTON GROVE PUBLIC LIBRARY

CALENDAR YEAR 2008

DRAFT BUDGET


REVENUES



Property Tax Receipts 2,494,364
Replacement Tax Receipts 24,000
Fines 24,000
Lost Materials Payments 2,800
Photocopying/Printing Receipts 4,500
Miscellaneous Income 0
Audiovisual Rental Receipts 1,200
Grants 27,500
Interest Income 60,000
Book Sale Receipts 4,000
Total 2,642,364

Available Fund Balance: 90,000

Total Revenues: 2,732,364

Working Cash Fund: 177,292

Total Resources: 2,909,656



EXPENDITURES


PERSONNEL
Salaries 1,398,562
Retirement 127,912
Health Insurance 246,942
Long Term Disability 2,500
Life Insurance 2,291
Subtotal: 1,778,207


PATRON MATERIALS & SERVICES
Books 151,000
Periodicals 28,700
Downloadable Books 4,100
Audiovisuals 55,200
Programs 36,250
70th Anniversary 5,000
Photocopier Acquisitions &
Maintenance 12,000
Computer Network 56,980
Database Access Charges 83,084
Subtotal: 432,314


OPERATIONS
Maintenance 72,000
Equipment/Furniture
Acquisitions 32,000
Utilities 18,700
Insurance 35,462
Library Supplies 33,000
Telephone 12,500
Postage 11,000
Printing 33,000
Continuing Education/Meetings 22,000
Memberships 6,000
Professional Services 30,000
Consultant Services 24,000
Miscellaneous 1,000
Facilities Planning 30,000
Reserve/Emergency 33,000
Subtotal: 393,662


SPECIAL TAXES
FICA 107,181
Annual Audit 4,000
Tort Liability 17,000
Subtotal: 128,181

Total Expenditures: 2,732,364

Working Cash Fund: 177,292

Total Appropriations: 2,909,656




CY2008 DRAFT Budget

Morton Grove Public Library
Board of Trustees

2 comments:

Unknown said...

Thank you for your blog.
I know for sure we're in the 21st century since "even" our local library has a blog!

I am curious to hear your progress on the library budget mentioned in September blog.

Also, how is your tax revenue affected by the reassessment changes this year?

thanks,
Michael Livshutz

Ben Schapiro said...

Michael,

Thanks we are trying to get current with the many different ways to communicate with patrons and the Library's blogs are just one approach. Given the nature of Morton Grove when the Library picks up a new method for communicating we do not drop any of the tried and true ways of reaching residents. Check the BLOG ROLL for a list of MGPL blogs.

The Board of Trustees passed the proposed budget without change at their November meeting. So all the projects mentioned in my September Librarian's report will be funded for 2008.

The Budget has now gone to the Morton Grove Village Board. The second reading is November 26 after which the Village Trustees will vote on the levy.

The Library's budget is mostly driven by project and service goals and not by the maximum available tax revenue.