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In the 2006-07 fiscal year (beginning July 1, 2006), the Santa Cruz City-County Library System anticipates total revenues of $12,238,104. 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, a State allocation, and carryover funds from the previous fiscal year.
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 $54.50 per capita, and the Santa Cruz System's adjusted population share is 203,765 people, or 77.67% 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 @ 77.67% |
|---|---|---|
| SALES TAX REVENUE | $ 7,993,461 | $ 6,208,521 |
| PROPERTY TAX | $ 4,338,848 | $ 3,369,983 |
| MEMBER CONTRIBUTIONS: City of Santa Cruz @ $1,394,751 City of Watsonville @ $541,684 |
$ 1,936,435 | $ 1,504,029 |
| INTEREST | $ 29,644 | $ 23,024 |
| TOTAL | $ 14,298,388 | $ 11,105,558 |
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 $307,055 in fines, other miscellaneous revenues, and bequest income, $117,588 from the State Public Library Foundation program, $664,038 in carryover funds from the previous fiscal year (due to unexpectedly high 4th quarter revenues), and grant revenue.
Here is how the Library Budget is allocated:
| FY 2005-06 | FY 2006-07 | |
|---|---|---|
| ESTIMATE | PROPOSAL | |
| PERSONNEL | $ 7,923,771 | $ 8,705,213 |
| LESS SAVINGS | ($ 356,570) | ($ 174,104) |
| READ TO ME PERSONNEL | $ 131,972 | - |
| SUPPLIES & SERVICES | $ 2,508,809 | $ 2,477,230 |
| LESS SAVINGS | $ (50,176) | $ (49,545) |
| READ TO ME SUPPLIES & SERVICES | $ 64,290 | $ 43,865 |
| DEBT REPAY, #2 & #3 | $ 179,122 | $ 89,561 |
| WATSONVILLE PAYBACK | $ 47,773 | $ 50,334 |
| CAPITAL EQUIPMENT & PROJECTS | $ 11,343 | $ 379,853 |
| RESERVE FUND 02/06 APPROPRIATION | $ 200,000 | |
| EQUIPMENT & CAPITAL PROJECTS | ||
| FEBRUARY & APRIL APPROPRIATIONS | $ 182,334 | |
| SUBTOTAL | $ 10,842,668 | $ 11,522,407 |
| CITY CHARGE ESTIMATE | $ 572,607 | $ 633,732 |
| TOTAL | $11,415,275 | $12,156,140 |
| SURPLUS/(DEFICIT) | $ 664,038 | $ 81,964 |
NOTES: The actual expenditures for FY 2005-06 will not be known until late August. These amounts will affect the Carryover ($664,038) in Anticipated Revenue; it could be more or less.
READ TO ME is a special project grant funded by the Santa Cruz County First Five Commission. As available funds for this highly successful program diminish, grant staff have been shifted to the regular Personnel Budget. This accounts for a major portion of the increase over the previous fiscal year.
07/26/06