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Fiscal Year 2023 Budget

FY2023 Chief Executive Officer's Budget Message (pdf)

FY2023 Annual Budget Full (pdf)

    St. Charles City-County Library District  
    2023 Annual Budget  
General Fund   (July 1, 2022 through June 30, 2023)  

 
Statement of Budgeted
Revenues and Expenditures
2021
Actual
  2022
Budget
  2023
Budget
% Change 2022-23

 
BEGINNING FUND BALANCE    20,706,599      21,488,156    21,049,861  

 
REVENUES:            
  Property and Other Taxes    20,195,836      20,356,000     21,038,520 3.4%
  State Aid, Federal Aid & Grants          726,566            243,242           332,435 36.7%
  Investment Earnings            83,209               6,035              30,010 397.3%
  Charges for Services          67,942            149,177           217,775 46.0%
  Donations         
1,760
          500           1080 116.0%
  Miscellaneous            85,259            47,470           47,070 -0.8%
  TOTAL REVENUE    21,160,572      20,802,424     21,666,890 4.2%

 
EXPENDITURES:            
  Salaries & Benefits    11,705,968      12,931,125     12,945,904 0.1%
  Library Materials (pdf)      3,148,808         3,477,525       3,576,175 2.8%
  Operations      2,134,399         2,582,084       2,708,343 4.9%
  Technology & Telecommunication          1,089,141            1,212,210           1,348,326 11.2%
  TOTAL OPERATING EXPENDITURES    18,078,316      20,202,944     20,578,748 1.9%

 
CAPITAL:            
  Special and Building Projects          2,300,699            1,037,775           2,208,500 112.8%
  TOTAL EXPENDITURES    20,379,015      21,240,719      22,787,248 7.3%
CHANGE IN FUND BALANCE     781,557         (438,295)         (1,120,358) 155.6%
ENDING ACTUAL/PROJECTED FUND BALANCE    21,488,156      21,049,861      19,929,503 -5.3%
   
   
ADDITIONAL INFORMATION:  
Revenue is primarily based on property tax. The fiscal year 2023 tax rate will be set by the Board of Trustees at the September 2022 Board Meeting. The FY2023 tax rate is projected at $0.1908 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.