Budget highlights

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Budget highlights

  1. 1. 2012 Budget
  2. 2. Operating Budget Program Plan <ul><li>More staff hours </li></ul><ul><li>$10,000 for strategic plan survey and meetings </li></ul><ul><li>New line item for BookFest PA, $5,000 </li></ul><ul><li>Continue to meet state standards: </li></ul><ul><li>--65 hours a week schedule </li></ul><ul><li>--12% materials </li></ul>
  3. 3. Revenues <ul><li>DECREASES </li></ul><ul><li>Fines (-$10,000) </li></ul><ul><li>Interest (-2,300) </li></ul><ul><li>INCREASES </li></ul><ul><li>Contributions (+$33,000) </li></ul><ul><li>Book sale (+$1,423) </li></ul><ul><li>Flat State Aid </li></ul><ul><li>2% COG request increase </li></ul>
  4. 5. Personnel Expenditures <ul><li>2% staff raises </li></ul><ul><li>Medical insurance up 5% </li></ul><ul><li>One 15 hour position, children’s </li></ul><ul><li>Lost 80 hours a week 2009 when 2 FT employees were lost due to state aid cuts. Meanwhile, business continues to increase. </li></ul>
  5. 6. Insurance Expenditures <ul><li>New “Cyberfraud” insurance = $210.00 </li></ul><ul><li>Public Officials Liability Insurance = $3,725 </li></ul>
  6. 7. Administrative Expenditures <ul><li>Financial services provided by Borough of State College up 2.75%, +$545 </li></ul><ul><li>Audit increases by $225 </li></ul><ul><li>Mileage reimbursement up to .555 cents per mile </li></ul><ul><li>Photocopy/printing up 80% (+4,000) because copiers leased, now owned </li></ul>
  7. 8. Building Expenses <ul><li>Electricity up 1% (+$500) </li></ul><ul><li>Building maintenance up 2.2% (+$1,500) </li></ul><ul><li>Water, sewer, refuse up 5% (+$200) </li></ul><ul><li>Janitorial up 10% (+ $3,046) </li></ul>
  8. 10. Budget Notables <ul><li>Putting more into capital improvement fund (+$50,000) and computer fund (+$10,000) </li></ul><ul><li>Successful fundraising of past three years led to large fund balances </li></ul><ul><li>Ferguson Township proposal sparking debate and legal questions </li></ul>
  9. 11. Capital Budget <ul><li>2 nd floor enhancements: $15,000 </li></ul><ul><li>Public blinds replacement: $18,750 (will delay) </li></ul><ul><li>Horizon migration: $140,000 including pre-migration web redesign </li></ul><ul><li>In progress: lobby renovations, parking mechanism </li></ul>
  10. 12. Long-Term Financial Picture <ul><li>Capital improvement plan requires a lot of money </li></ul><ul><li>State and municipal revenues flat in a long-term struggling economy </li></ul><ul><li>Advanced fundraising techniques </li></ul><ul><li>Parking lot revenues </li></ul><ul><li>Strategic plan will address </li></ul>

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