FY 2006 Lincoln Trail Libraries System Budget & Work Plan May 24, 2005.
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Transcript of FY 2006 Lincoln Trail Libraries System Budget & Work Plan May 24, 2005.
FY 2006Lincoln Trail Libraries
System Budget & Work Plan
May 24, 2005
May 24, 05FY 2006 Budget & WorkPlan
2
Budget
$853,181
$369,841
$88,769
General Fund Automation FundCooperative Service Fund
May 24, 05FY 2006 Budget & WorkPlan
3
Expenses By Category
Personnel55%
Maintenance7%
PR0% CE/Travel
2%Insurance0%
Telephone2%
Supplies4%
Building & Grounds3%
Professional1%
Contract4%
Capital1%
Misc0%
Benefits17%
Vehical3%
Materials1%
May 24, 05FY 2006 Budget & WorkPlan
4
General Fund Expenses
Personnel58%
Maintenance1%
PR0%
CE/Travel2%
Insurance1%
Telephone1% Supplies
5% Building & Grounds
5%
Professional1%
Contract1%
Capital2%
Misc0%
Benefits18%
Vehical5%
Materials0%
May 24, 05FY 2006 Budget & WorkPlan
5
Revenue By Fund
$92,777
$354,852
$825,852
General Fund Automation FundCooperative Services Fund
May 24, 05FY 2006 Budget & WorkPlan
6
Revenue Compared to Expenses
-$100,000
$150,000
$400,000
$650,000
$900,000
Revenue Expenses Difference
Revenue $825,219 $354,852 $92,777
Expenses $853,181 $369,841 $88,769
Difference -$27,962 -$14,989 $4,008
General FundAutomation
FundCooperative
Services Fund
May 24, 05FY 2006 Budget & WorkPlan
7
General Fund
• Same Revenue as FY 2005• No new programs or staff• IMRF up from 2.51% to 8.7%
beginning January 2006 (246% increase)
• Health Insurance up 18.98% per employee per month
• Small merit included for 6 months ($14,635) (Previous merit 5/04)
May 24, 05FY 2006 Budget & WorkPlan
8
General Fund
0%
10%20%30%
40%50%60%70%
80%90%
100%
FY 2003 FY 2004 FY 2005 FY 2006
Payroll Taxes/Fringe Benefits Change
Social security taxes Unemployment insurance Workers compensation Retirement benefits Health, dental, life insurance
May 24, 05FY 2006 Budget & WorkPlan
9
General Fund
Benefits Cost Per Year
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
Cost of Benefits
Cost Per Year 118,699 113,258 129,206 154,888
FY 2003 FY 2004 FY 2005 FY 2006
May 24, 05FY 2006 Budget & WorkPlan
10
Membership
Academic6%
Public42%School
38%
Special14%
Academic Public School Special
124 Member Libraries
May 24, 05FY 2006 Budget & WorkPlan
11
General Fund Initiatives
• Strategic Plan by January 2006• Expand participation in
MyLibrarian• Implement an online
Consulting service• Work with other Systems and
ISL to increase Funding for Cooperative Library Service
May 24, 05FY 2006 Budget & WorkPlan
12
Board Initiatives• Executive Committee
– Review LTLS Bylaws & Standing Rules
• Budget & Finance– Funding new Strategic Plan
• Membership– Review & Revise Affiliate Agency Policy– Review Membership Grievance Policy
• Planning and Policy– Review Facilities Use Policy – Review Library Records Confidentiality Policy
• Personnel– Evaluation and Policy review
May 24, 05FY 2006 Budget & WorkPlan
13
Revenue Compared to Expenses
-$100,000
$150,000
$400,000
$650,000
$900,000
Revenue Expenses Difference
Revenue $825,219 $354,852 $92,777
Expenses $853,181 $369,841 $88,769
Difference -$27,962 -$14,989 $4,008
General FundAutomation
FundCooperative
Services Fund
May 24, 05FY 2006 Budget & WorkPlan
14
Automation Fund Expenses
Personnel54%
Maintenance19%
PR0%
CE/Travel0%
Insurance0%
Telephone1%
Supplies1% Building &
Grounds0%
Professional1%
Contract9%
Capital0%
Misc0%
Benefits15%
Vehical0%
Materials0%
May 24, 05FY 2006 Budget & WorkPlan
15
LINC Members
School54%
Special3%
Public41%
Academic2%
Academic Public School Special
94 Buildings
May 24, 05FY 2006 Budget & WorkPlan
16
Automation Fund Initiatives
• Beta Site for Dynix Horizon 8.0• Develop a Plan for E-Content• Develop a Plan for Digitized
Content• Increase utilization of Statistical
Data in LINC for Collection Analysis
• Reduce Turn-Around-Time on Cataloging Items
May 24, 05FY 2006 Budget & WorkPlan
17
Automation Fund
• Revenue less than FY 2005• Projection of revenue in
February 2005 did not include the IMRF increase and as much an increase in health insurance.
• Small merit included for 6 months ($5,804) (Previous merit 5/04)
May 24, 05FY 2006 Budget & WorkPlan
18
LTLS LINC Central Site Shared Cost History
$25,000
$55,000
$85,000
$115,000
$145,000
$175,000
$205,000
$235,000
0
10
20
30
40
50
60
70
80
90
100
SHARED COSTS
Number of Members
SHARED COSTS $63,241 $70,369 $87,212 $102,789 $104,553 $104,865 $86,597 $99,739 $93,569 $98,372 $106,490 $114,863 $144,741 $151,778 $162,930 $199,233 $197,600 $214,242 $213,623 $205,824 $199,365
Number of Members 23 23 24 24 24 23 22 21 23 22 22 28 36 43 47 57 62 73 81 84 88
FY 86 FY 87 FY 88 FY 89 FY 90 FY 91 FY 92 FY 93 FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006
May 24, 05FY 2006 Budget & WorkPlan
19
LTLS Cataloging Center Shared Cost History
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
0
10
20
30
40
50
60
70
80
90
100
Cataloging Costs
Number of Members
Cataloging Costs $14,045 $14,201 $20,804 $41,410 $55,390 $53,354 $53,354 $58,634 $66,935 $94,673 $101,87 $122,98 $131,62 $139,26 $131,39 $131,61 $136,90
Number of Members 19 19 18 20 18 18 20 30 41 48 56 68 76 82 80 82 89
FY 90 FY 91 FY 92 FY 93 FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006
May 24, 05FY 2006 Budget & WorkPlan
20
Revenue Compared to Expenses
-$100,000
$150,000
$400,000
$650,000
$900,000
Revenue Expenses Difference
Revenue $825,219 $354,852 $92,777
Expenses $853,181 $369,841 $88,769
Difference -$27,962 -$14,989 $4,008
General FundAutomation
FundCooperative
Services Fund
May 24, 05FY 2006 Budget & WorkPlan
21
Cooperative Service Fund Expenses
Personnel24%
Maintenance21%
PR1%
CE/Travel10%
Insurance0%
Telephone13%
Supplies13%
Building & Grounds
2%
Professional6%
Contract0%
Capital0%
Misc1%
Benefits6%
Vehical0%
Materials3%
May 24, 05FY 2006 Budget & WorkPlan
22
Cooperative Services Fund Initiatives
• Implement new Communication Tools between LTLS and member libraries and among member libraries
• Examine and implement new training and education options for members.
May 24, 05FY 2006 Budget & WorkPlan
23
Cooperative Services Fund Initiatives
• Implement new Communication Tools between LTLS and member libraries and among member libraries
• Examine and implement new training and education options for members.
May 24, 05FY 2006 Budget & WorkPlan
24
Cooperative Service Fund
• Anticipated Revenue is more than expenses
• Small merit included for 6 months ($747) (Previous merit 5/04)