Operating Budget Program Plan

More staff hours

$10,000 for strategic plan survey and meetings

New line item for BookFest PA, $5,000

Continue to meet state standards:

--65 hours a week schedule

--12% materials

RevenuesDECREASES

Fines (-$10,000)Interest (-2,300)

INCREASESContributions (+$33,000)Book sale (+$1,423)

• Flat State Aid

• 2% COG request increase

2012 Schlow Centre Region Library Revenue

State9%

District 9%

County 7%

Municipal51%

Gifts6%

Fines3%

Other1% Fund balance

14%

Fund balance

State

District

County

Municipal

Gifts

Fines

Other

Personnel Expenditures2% staff raisesMedical insurance up 5%One 15 hour position, children’s

• Lost 80 hours a week 2009 when 2 FT employees were lost due to state aid cuts. Meanwhile, business continues to increase.

Insurance Expenditures

New “Cyberfraud” insurance = $210.00

Public Officials Liability Insurance = $3,725

Administrative Expenditures

Financial services provided by Borough of State College up 2.75%, +$545

Audit increases by $225

Mileage reimbursement up to .555 cents per mile

Photocopy/printing up 80% (+4,000) because copiers leased, now owned

Building Expenses

Electricity up 1% (+$500)

Building maintenance up 2.2% (+$1,500)

Water, sewer, refuse up 5% (+$200)

Janitorial up 10% (+ $3,046)

2011 Schlow Centre Region Library Expenditures

55%

12%

11%

7%

3%6%

3%

3%

Personnel

Materials

Building

Operating

District

Transfers

Fund balance

Gifts

Budget Notables

Putting more into capital improvement fund (+$50,000) and computer fund (+$10,000)

Successful fundraising of past three years led to large fund balances

Ferguson Township proposal sparking debate and legal questions

Capital Budget

2nd floor enhancements: $15,000

Public blinds replacement: $18,750 (will delay)

Horizon migration: $140,000 including pre-migration web redesign

In progress: lobby renovations, parking mechanism

Long-Term Financial Picture

Capital improvement plan requires a lot of money

State and municipal revenues flat in a long-term struggling economy

Advanced fundraising techniques

Parking lot revenues

Strategic plan will address