The Library System's Revenue and Budget for FY 2001-2002

SOURCES OF LIBRARY REVENUE, FY 2001-2002:

In the 2001-02 fiscal year, the Santa Cruz City-County Library System anticipates total revenues of $12,021,391. This money comes from three sources: the sales and use tax ($6,326,829), member contributions ($3,705,404), and miscellaneous other amounts, including interest, bequest income, fees and fines, special grants, and carry-overs from the previous fiscal year ($1,989,158).

The Library Financing Authority allocates the sales and use tax and the member contributions to the City-County Library System and the Watsonville Public Library based upon a population formula that is part of the Library Joint Powers Agreement. This year, the amount is $49.37 per capita, and the Santa Cruz System's adjusted population share is 203,854 people, or 78.48% of the total population and thus total allocation. This share is down from previous fiscal years, as a result of the Year 2000 Census. Watsonville experienced major population growth, whereas the rest of the County did not.

The funds allocated by the Library Financing Authority come from the following sources:

SOURCE OF REVENUE	AMOUNT
MEMBER CONTRIBUTIONS: City of Santa Cruz @ $ 1,394,751 City of Watsonville @ $ 541,684 County Library Fund @ $ 2,786,833	$ 4,723,268
SALES TAX REVENUE	$ 8,064,791
INTEREST	$ 40,000
TOTAL	$ 12,828,059

The member contributions of the Cities of Santa Cruz and Watsonville come from those cities' general funds. They are frozen at the 1996-97 fiscal year level. The County Library fund is property tax, designated for library service, collected in the Unincorporated Areas and in the Cities of Capitola and Scotts Valley. The County Library fund can and does increase each year.

LIBRARY REVENUE & BUDGET SUMMARIES FY 1999-2000 & 2000-2001
(revised 1/23/01)

REVISED REVENUE SUMMARY	1999-2000 ACTUAL	2000-2001 ESTIMATE	SUBTOTALS	%
SALES & USE TAX	5,862,324.48
June 2000 Allocation		5,885,416.00
Added January 2001 Allocation		264,792.00	6,150,208.00	58%
REVENUE FROM OTHER AGENCIES	3,506,592.10
June 2000 Allocation		3,681,655.00
Added January 2001 Allocation		195,836.00	3,877,491.00	36%
COUNTY INTEREST	see below	32,479.00
FINES, FEES, MISC. ADJUSTMENTS	204,504.80	165,000.00
E-RATE AND ENERGY DISCOUNTS		20,000.00
PUBLIC LIBRARY FUND GRANT	359,866.00	356,446.00
OTHER INTEREST EARNINGS	45,926.52	17,000.00
BEQUEST INCOME APPROPRIATIONS	25,096.25	23,255.00
MCCASKILL SPECIAL PROJECTS	13,308.12	8.008.12
GATES GRANT	64,252.00	3,071.21
NATIONAL VIDEO RESOURCES GRANT		1,800.00
LAW LIBRARY GRANT		44,465.00
CNG VAN GRANT		3,709.00
TUITION REIMBURSEMENT GRANT		738.00
REVENUE BALANCE AVAILABLE	341,929.00
LEASE #1 & #2 INTEREST	3,051.69
LEASE #2 PROCEEDS	415,000.00
RESERVE APPROPRIATION (ASBESTOS)	151,224.00		675,971.33	6%
TOTAL	10,993.074.96	10,703,670.33	10,703,670.33

EXPENDITURES/BUDGET SUMMARY	1999-2000 ACTUAL	2000-2001 ESTIMATE	SUBTOTALS	%
PERSONNEL	5,833,749.76	6,225,188.00
SUPPLIES & SERVICES	3,014,559.42	3,424,517.90
CAPITAL OUTLAY	284,009.00	303,480.00
DEBT SERVICE	626,636.62	633,892.00
MCCASKILL SPECIAL PROJECTS	9,800.00	8,008.12
GARFIELD PARK CIP	15,844.07	54,000.00
ASBESTOS PROJECT	1,224,934.84	250,203.17
GATES GRANT EXPENSES	61,180.73	3,071.21
NATIONAL VIDEO GRANT		1,800.00
LAW LIBRARY GRANT PROJECT		44,465.00
CNG VAN GRANT		3,709.00
TUITION REIMBURSEMENT GRANT		738.00
PROJECTED PERSONNEL SAVINGS @ 4%		-249,007.00
TOTAL	11,070,714.44	10,704,065.40	395.07

RESERVE FUNDS	1999-2000 ACTUAL	2000-2001 ESTIMATE	SUBTOTALS	%
BEGINNING YEAR BALANCE	308,522.90	172,632.77
RESERVE APPROPRIATION (ASBESTOS)	-151,224.00
INTEREST	15,333.87
RESERVE FUNDS BALANCE	172,632.77

LIBRARY PROJECTED REVENUE & EXPENDITURES SUMMARIES FY 2001-2002
(6/5/01)

FY 2001-02 PROJECTED REVENUE SUMMARY

	2000-2001 APPROPRIATED	2001-2002 ESTIMATE
SALES & USE TAX
June 2000/January 2001 Allocations	6,150,208.00
January 2001 Estimate		6,273,211.00
Add June 2001 Revise	199,053.00	53,617.00
REVENUE FROM OTHER AGENCIES
June 2000/January 2001 Allocations	3,877,492.00
January 2001 Estimate		3,808,930.00
June 2001 Revise	61,979.00	-103,526.00
COUNTY INTEREST	32,479.00	31,380.00
FINES, FEES, MISC. ADJUSTMENTS	170,000.00	175,000.00
E-RATE AND ENERGY DISCOUNTS	35,000.00	75,000.00
PUBLIC LIBRARY FUND GRANT	356,463.00	356,463.00
OTHER INTEREST EARNINGS	17,000.00	17,000.00
BEQUEST APPROPRIATIONS/BOOKS	23,255.00	23,555.00
PRIOR YEAR REVENUE		260,271.00
FY 2000-01 FUND BALANCE		100,000.00
REVENUE SUBTOTAL	10,922,929.00	11,070,901.00
MCCASKILL SPECIAL PROJECTS	8,008.12	16,700.00
GATES GRANT	3,071.21
NATIONAL VIDEO RESOURCES GRANT	1,800.00
LAW LIBRARY GRANT	44,465.00	12,000.00
MBUPCD CNG VAN GRANT	3,709.00
MBUPCD BOOKMOBILE SOLAR GRANT		4,707.00
TUITION REIMBURSEMENT GRANT	738.00
CF COMM READ TO ME GRANT		167,083.00
LEASE #3 PROCEEDS		750,000.00
TOTAL	10,984,720.33	12,021,391.00

FY 2001-02 PROJECTED EXPENDITURES SUMMARY

	2000-2001 APPROPRIATED	2001-2002 ESTIMATE
PERSONNEL, EXISTING	6,225,188.00	6,524,346.00 after pull-out
PERSONNEL, ADDED POSITIONS		133,260.00
PERSONNEL SAVINGS @ 4%	-249,007.00	-266,304.00
PERSONNEL RECLASSICATION		85,000.00
SUPPLIES & SERVICES	2,767,777.00	2,885,667.00
CAPITAL OUTLAY	307,189.00	252,264.00
DEBT SERVICE, EXISTING	633,892.00	685,461.00
DEBT SERVICE, ADDED		95,292.00
SUBTOTAL	9,685,039.00	10,394,986.00
CITY CHARGE	546,373.00	571,724.23
SUBTOTAL	10,231,412.00	10,966,710.23
MCCASKILL SPECIAL PROJECTS	8,008.12	16,700.00
GARFIELD/APTOS CIP	54,000.00	750,000.00
ASBESTOS PROJECT	250,203.17
GATES GRANT EXPENSES	3,071.21
NATIONAL VIDEO GRANT	1,800.00
LAW LIBRARY GRANT PROJECT	44,465.00	12,000.00
MBUPCD CNG VAN GRANT	3,709.00
MBUPCD BKMO SOLAR GRANT		4,707.00
"READ TO ME" GRANT		167,083.00
TELEPHONE DEBT PAYOFF	107,681.00
NEGATIVE CASH BAL INTEREST	20,000.00	20,000.00
	10,724,349.50	11,937,200.23
UNAPPROPRIATED REVENUE	260,371.00	84,191.00

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