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In the 2005-06 fiscal year, the Santa Cruz City-County Library System anticipates total revenues of $11,019,204. This money comes from four sources: the quarter cent sales and use tax collected throughout Santa Cruz County, property tax receipts dedicated to library services, "maintenance of effort" contributions specified in the Library Joint Powers Agreement, and miscellaneous other amounts, including interest, bequest income, fees and fines, grants for special projects, and a State allocation.
The Library Financing Authority allocates the first three sources 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 $52.25 per capita, and the Santa Cruz System's adjusted population share is 202,331 people, or 77.75% of the total population and thus total allocation.
The funds allocated by the Library Financing Authority come from the following sources:
| SOURCE OF REVENUE | AMOUNT | SANTA CRUZ SHARE @ 77.75% |
|---|---|---|
| SALES TAX REVENUE | $ 7,577,062 | $ 5,891,166 |
| PROPERTY TAX | $ 4,034,899 | $ 3,157,134 |
| MEMBER CONTRIBUTIONS: City of Santa Cruz @ $1,394,751 City of Watsonville @ $541,684 |
$ 1,936,435 | $ 1,505,578 |
| INTEREST | $ 11,486 | $ 8,930 |
| TOTAL | $ 13,559,882 | $ 10,542,808 |
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.
In addition, the Library System anticipates $305,055 in fines, other miscellaneous revenues, and bequest income, $79,507 from the State Public Library Foundation program, carryover funds from the previous fiscal year, and grant revenue.
Here is how the Library Budget is allocated:
| FY 2004-05 | FY 2005-06 | |
|---|---|---|
| ACTUAL | AUGUST EST. | |
| PERSONNEL | $ 7,482,101 | $ 7,855,702 |
| LESS SAVINGS | ($117,836) | |
| READ TO ME PERSONNEL | $ 134,936 | $ 131,972 |
| SUPPLIES & SERVICES | $ 2,115,320 | $ 2,342,062 |
| LESS SAVINGS | $ (23,421) | |
| READ TO ME SUPPLIES & SERVICES | $ 99,569 | $ 64,290 |
| LSTA STAFF EDUCATION GRANT | $ 1,464 | $ 8,301 |
| DEBT REPAY, #2 & #3 | $ 275,905 | $ 179,122 |
| WATSONVILLE PAYBACK | $ 47,773 | |
| CAPITAL EQUIPMENT | $ 116,898 | $ 87,367 |
| SPECIAL EQUIP. ALLOCATION | $ 9,955 | $ 5,045 |
| RESERVE FUND | $ 100,000 | |
| SUBTOTAL | $ 10,336,148 | $ 10,580,378 |
| CITY CHARGE ESTIMATE | $ 568,473 | $ 582,523 |
| TOTAL | $10,904,621 | $11,162,901 |
READ TO ME is a special project grant funded by the Santa Cruz County First Five Commission.
01/11/06