Fiscal Year 2021 Budget

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FY2021 Library Director's Budget Message (pdf)

FY2021 Annual Budget Full (pdf)

	St. Charles City-County Library District
	2021 Annual Budget
General Fund	(July 1, 2020 through June 30, 2021)

Statement of Budgeted Revenues and Expenditures	2019 Actual	2020 Actual	Revised 2021 Budget	% Change 2020-21

BEGINNING FUND BALANCE	20,576,600	21,724,797	21,217,677

REVENUES:
Property and Other Taxes	18,915,877	19,467,864	19,300,000	-0.9%
State Aid, Federal Aid & Grants	405,667	362,999	50,000	-86.2%
Investment Earnings	131,549	177,955	110,025	-38.2%
Charges for Services	626,805	366,796	211,950	-42.2%
Donations	1,625	1,234	380	-69.2%
Miscellaneous	130,357	128,265	27,071	-78.9%
Gain from Sale of Capital Assets	-	-	-
TOTAL REVENUE	20,211,880	20,505,113	19,699,426	-3.9%

EXPENDITURES:
Salaries & Benefits	11,757,664	12,599,318	12,917,882	2.5%
Library Materials (pdf)	3,091,531	3,251,494	3,355,850	3.2%
Operations	2,882,150	2,728,100	2,523,332	-7.5%
Technology & Telecommunication	811,969	904,736	875,129	-3.3%
TOTAL OPERATING EXPENDITURES	18,543,314	19,483,648	19,672,193	1.0%

CAPITAL:
Special and Building Projects	520,369	2,039,663	2,985,000	46.3%
TOTAL EXPENDITURES	19,063,683	21,523,311	22,657,193	5.3%
CHANGE IN FUND BALANCE	1,148,197	(1,018,198)	(2,957,767)	190.5%
ENDING ACTUAL/PROJECTED FUND BALANCE	21,724,797	20,706,599	18,259,910	-11.8%


ADDITIONAL INFORMATION:
Revenue is primarily based on property tax. The fiscal year 2021 tax rate was set by the Board of Trustees at the September 2020 Board Meeting. The FY2021 tax rate is $0.1996 per $100 of valuation. The most recent voter approved tax rate is $0.2600. Detailed budget information is available upon request to custodian@stchlibrary.org.