Geneseo Public Library District
Finance Committee Meeting
June 8, 2016
On Wednesday, June 8, 2016, the Finance Committee met at 3 p.m. at Johnson Farm & Business. The purpose of this meeting was to review and compare the draft of the 2016-2017 Tentative Budget with 1) the 2015-2016 (Proposed) Budget and 2) the 2015-2016 Year to Date before it was presented to the board for approval. Those in attendance were Dave Johnson, Claire Crawford, Bill Menendez and Mary Farrell.
After reviewing the total income items, the 2015-2016 Budget was approximately $2,000 higher than the 2015-2016 Year to Date Actual through May. The total income for the 2016-2017 Tentative Budget was lowered by $4,000 and reflects the upcoming Levy to be received.
After reviewing the total expenses, the 2015-2016 Budget was higher than the 2015-2016 Year to Date Actual through May. The total expenses for the 2016-2017 Tentative Budget was lowered by $4,225.
Allocations for Adult, Children, Reference, Large Print, Downloadable and Grant Books were modified to meet the needs in each group.
The allocation for Building and Equipment Maintenance was modified for the 2016-2017 Tentative Budget because of a contract with a new company.
The allocation for Salaries was based on the raises given during 2015-2016 and the current levels of wages and salaries.
The allocation for Programming for Teens was reduced to zero; as there was no response to these programs. The allocation for Programming for Adults was increased due to patrons’ requests for more events. It should be noted, however; that oftentimes, donations are made to the library and earmarked specifically for Adult Programming.
The total Tentative Budget Proposed for the year 2016-2017 balances. It will be presented before the Board for approval.