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Fiscal Year 2020 Budget

FY2020 Library Director's Budget Message (pdf)

FY2020 Annual Budget Summary (pdf)

    St. Charles City-County Library District  
    2020 Annual Budget  
General Fund   (July 1, 2019 through June 30, 2020)  

 
Statement of Budgeted
Revenues and Expenditures
2018
Actual
  2019
Actual*
  2020
Budget
% Change 2019-20

 
BEGINNING FUND BALANCE    18,940,939      20,576,600    22,147,780  

 
REVENUES:            
  Property and Other Taxes    18,385,792      18,847,398     19,545,750 3.7%
  State Aid, Federal Aid & Grants          276,433            402,948           303,583 -24.7%
  Investment Earnings            81,450               130,191             125,028 -4.0%
  Charges for Services          691,695            620,166           561,438 -9.5%
  Donations         
2,154
          208           350 68%
  Miscellaneous            114,258            135,517           52,698 -61.1%

 
  Gain from Sale of Capital Assets

-   -   -
  TOTAL REVENUE    19,551,782      20,136,427     20,588,847 2.2%

 
EXPENDITURES:            
  Salaries & Benefits    11,481,022      11,750,413     12,801,470 8.9%
  Library Materials (pdf)      3,156,572         2,996,965       3,450,400 15.1%
  Operations      2,613,732         2,746,368       3,045,172 10.9%
  Technology & Telecommunication          328,426            559,431           1,034,873 85.0%
  TOTAL OPERATING EXPENDITURES    17,579,752      18,053,177     20,331,915 12.6%

 
CAPITAL:            
  Special and Building Projects          336,369            512,070           995,000 94.3%
  TOTAL EXPENDITURES    17,916,121      18,565,247     21,326,915 14.9%
CHANGE IN FUND BALANCE      1,635,661         1,571,180         (738,068) -147.0%
ENDING ACTUAL/PROJECTED FUND BALANCE    20,576,600      22,147,780     21,409,712 -3.3%
   
   
ADDITIONAL INFORMATION:  
Revenue is primarily based on property tax. The fiscal year 2020 tax rate will be set by the Board of Trustees at the September 2019 Board Meeting. The FY2020 tax rate is projected $0.2000 per $100 of valuation. The Library District tax rate approved by voters is $0.2600. Detailed budget information is available at each library branch.
 
* Unaudited (Updated actual results 07/09/19)