Library Budget News for 2008

On Tuesday, November 6, 2007, there will be a Library budget proposition on the ballot at the General Election. For next year, the Board of Trustees of the Tuxedo Park Library is requesting an increase of $15,884, or 3.8%, in tax support for the Library’s operating budget. The proposed budget reflects our ongoing commitment to provide excellent library service to the Town of Tuxedo while controlling costs. The proposed budget is an increase of $4.76 per Tuxedo resident for the year - just 1.3 cents per day.

~ Proposed 2008 Library Budget ~

Income
Revenue from Taxes $428,580
Fundraising $31,000
Interest $15,000
Fees: fines, faxes & photocopies $14,620
Total Income $489,200

Expenses
Salaries & Benefits $315,106
Library Materials: books, DVDs, magazines, etc. $35,000
Other Operating Expenses $30,950
Automated Library System $30,844
Building & Equipment Maintenance $28,500
Utilities $27,200
Insurance $13,100
Library Programs $8,500
Total Expenses $489,200

If you have any questions, please do not hesitate to contact Claudia Depkin, Library Director, or any member of the Board of Trustees. Please remember to vote on Election Day!

Many thanks,
Library Board of Trustees

2007 Operating Budget
Income
Tax Support $412,736
Fundraising $ 15,000
Fees: fines fax & photocopies $15,250
Grants & Gifts $7,500
Interest $10,000
Total $460,486

Expenses
Salaries & Benefits $305,291
Library Materials $35,000
Automated Library System $26,255
Utilities $28,240
Maintenance & Repairs $35,000
Insurance $10,500
Programs $4,500
Other Operating Expenses $15,700
Total $460,486