The document summarizes a preliminary 2013 budget for a library that faces shortfalls compared to 2012. It is $43,000 short of the previous year despite a 2% tax levy increase. Options to address the shortfall include increasing flexibility with staffing, exploring new revenue services, partnering with the town for support, and increasing private donations. The library generates less than 2% of its operating budget through fines, interest, and state aid. Goals for the upcoming year include negotiating contracts, clarifying maintenance responsibilities with the town, making capital requests, and developing new revenue streams and a long term financial plan.

1. Preliminary 2013
Budget

2. Budget Basic
2012 2013
• FY12 Budget - • FY13 Budget –
$2,374,136 ???
• Tax Levy - • Tax Levy + 2%
$2,247,536 $45,000 = $2,292,536
• Projected Revenue - • Projected Revenue -
$40,600 $38,600
• Drawn from fund • Compare to FY12 we
Balance - $86,000 are $43,000 short

3. Budget Realities
• No current flexibility with staffing costs.
• No control of Benefit / Health care costs.
• Revenue declines / State Aid cuts.
• Tax increase limitations.

4. Possible Solutions
• Flexibility with the staffing.
• Explore revenue generating services.
• Partner with the Town to investigate
alternative avenues for support.
• Support the Friends fundraising efforts.
• Increase private, business and foundation
contributions.
• Outsource services.

5. Library Generated Revenue
Library Generated Revenue
is less than 2% of our operating budget.
• Library Fines - $29,600
• Interest - $3,000
• Library State Aid - $8,000

6. Goals
• Negotiate suitable terms and conditions of the
Union Agreement on behalf of the Library.
• Clarify Town’s responsibilities for the HAR / HWE
building maintenance.
• Make capital budget requests of the Town.
• Plan and implement revenue generated services.
• Develop financial long term strategic plan.