Fiscal Year 2022 Budget

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FY2022 Library Director's Budget Message (pdf)

FY2022 Annual Budget Full (pdf)

	St. Charles City-County Library District
	2022 Annual Budget
General Fund	(July 1, 2021 through June 30, 2022)

Statement of Budgeted Revenues and Expenditures	2020 Actual	Revised 2021 Budget	2022 Budget	% Change 2021-22

BEGINNING FUND BALANCE	21,724,797	20,706,599	21,150,807

REVENUES:
Property and Other Taxes	19,467,864	19,300,000	20,356,000	5.5%
State Aid, Federal Aid & Grants	362,999	50,000	243,242	386.5%
Investment Earnings	177,955	110,025	6,035	-94.5%
Charges for Services	366,796	211,950	149,177	-29.6%
Donations	1,234	380	500	31.6%
Miscellaneous	128,265	27,071	47,470	75.4%
Gain from Sale of Capital Assets	-	-	-
TOTAL REVENUE	20,505,113	19,699,426	20,802,424	5.6%

EXPENDITURES:
Salaries & Benefits	12,599,318	12,680,882	12,931,125	2.0%
Library Materials (pdf)	3,251,494	3,355,850	3,477,525	3.6%
Operations	2,728,100	2,658,332	2,582,084	-2.9%
Technology & Telecommunication	904,736	977,129	1,212,210	24.1%
TOTAL OPERATING EXPENDITURES	19,483,648	19,672,193	20,202,944	2.7%

CAPITAL:
Special and Building Projects	2,039,663	2,985,000	1,037,775	-65.2%
TOTAL EXPENDITURES	21,523,311	22,657,193	21,240,719	-6.3%
CHANGE IN FUND BALANCE	(1,018,198)	(2,957,767)	(438,295)	-85.2%
ENDING ACTUAL/PROJECTED FUND BALANCE	20,706,599	17,748,832	20,712,512	16.7%


ADDITIONAL INFORMATION:
Revenue is primarily based on property tax. The fiscal year 2022 tax rate will be set by the Board of Trustees at the September 2021 Board Meeting. The FY2022 tax rate is projected at $0.1925 per $100 of valuation. The Library District tax rate approved by voters is $0.2600. Detailed budget information is available upon request to custodian@stchlibrary.org.