Love Your Library Making Our Community Better Southeast Steuben - - PowerPoint PPT Presentation

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Love Your Library Making Our Community Better Southeast Steuben - - PowerPoint PPT Presentation

Mar 12, 2024 236 likes •374 views

Love Your Library Making Our Community Better Southeast Steuben County Library 2014 Future Plan *All t ax rat e information is based on current informat ion. Final cost s will be known in S ept ember 2015 259 Budget Vote

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Love Your Library

“Making Our Community Better”

Southeast Steuben County Library 2014 Future Plan

*All t ax rat e information is based on current informat ion. Final cost s will be known in S ept ember 2015
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SLIDE 2
  • Voter driven
  • Aligns with CPP

school district boundaries

  • Library remains

autonomous

“259 Budget Vote”

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SLIDE 3

*$.41 cents/$1,000 Assessed Value *$85,000 median property value = $34.85 yearly, OR

approximately $2.90 a month

*$100,000 property value = $41 yearly, OR approximately

$3.41 a month

$786,000

Monthly Cost is Less Than… Coffee and Donut

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90%

  • f libr

ar y budge t vote s r

  • utine ly

pass in Ne w Yor k State

Important Dates to Remember

  • 1. The Library asks for a 259

vote on October 21, 2014.

  • 2. The Library asks that the

October 21 vote take place in all 8 school district polling locations.

  • 3. If the vote passes, the tax

levy won’t appear until October 2015.

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SLIDE 5 2014 2016 Operating Income Public Funding $ 575,753 $ 786,000 37% New funding method Other Income $ 34,400 $ 36,495 Donations $ 141,150 $ 122,428
  • 13% Corning Foundations grant not received
Operating Income $ 751,303 $ 944,923 Expense Payroll & Benefits $ (638,667) $ (682,652) Library Materials/Programs $ (135,595) $ (143,853) Other Expense $ (51,239) $ (32,286)
  • 37% Computer equip not every yr
Administration & General $ (65,840) $ (67,830) Facilities $ (148,475) $ (157,517) Operating Expense $ (1,039,816) $ (1,084,138) Operating Deficit $ (288,513) $ (139,215)
  • 52% Operating income closer to expense
Non-Operating Grant/Donation Income (Restricted) $ 100,419 $ 101,943 Grant/Donation Expense (Restricted) $ (101,392) $ (101,392) Future Funding Expense $ (20,000) $ -
  • 100% Not necessary with successful vote
Non-Operating Deficit $ (20,973) $ 551 Total Deficit $ (309,486) $ (138,664) Endowment $ 209,486 $ 138,664
  • 34% Reduced usage in alignment with policy
Reserves $ 100,000 $ -
  • 100% Reserves fully liquidated
$ - $ -

Future Funding Comparison

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SLIDE 6

How would library funding change?

  • Funding structure will remain a combination of public funds, grants / donations, and
endowment interest.
  • Increase in public funding is required to off-set:
  • Liquidation of the reserve funds created (from donations) when the library re-opened
  • Reserves have ALL been spent to balance the budget over recent years
  • Exceeding the spending policy threshold for endowment interest in 2014
  • Library will continue to seek and receive funding from donations / grants as well as
leverage the endowment to cover the $400K gap in public funding to expenses. $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Expense Budget Public Funding Grants & Donations & Other Endowment & Reserves

Funding Comparison

2014 2016 No reserves in 2016
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Why is the library asking for less money in this year’s proposal than in 2013?

2013 Funding Proposal $ 960,000 2014 Budget Cuts: Closing on Sundays ; reduced 2 FT $ (70,000) Library material spending cut $ (17,000) Computer equipment purchase cancelled $ (8,000) Subtotal $ (95,000) Endowment interest usage increase $ (57,000) Non-guaranteed grant income $ (22,000) 2014 Funding Proposal $ 786,000

The amount requested in 2013 was needed to sustain current service levels. When that proposal did not pass, the Library took action to reduce expenses.

  • Budget cuts made in February 2014, resulting in significant service cuts
  • Increased reliance on endowment interest to the policy maximum
  • Utilized higher risk non-guaranteed grants that will result in reduced services if
not received
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How Much Would Each Municipality Pay?

29% 56% 76% 84% 88% 92% 95% 98% 100% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% $0 $50,000 $100,000 $150,000 $200,000 $250,000 CITY OF CORNING ERWIN TOWN OF CORNING CATON LINDLEY HORNBY CATLIN OTHER CAMPBELL

Proposed Tax Levy

Tax Levy Cum %
  • 3 largest municipalities will be paying 76% of the proposed tax levy
  • Remaining 24% is split among the other municipalities
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Why does the library need more money?

Funding has not kept up with growth

  • 4%
17% 14% 26% 31% 27% 31% 39% 49% 70% 78% 72% 16% 22% 35% 52% 56% 53% 84% 118% 121% 122% 117% 122% 2% 5% 8% 11% 16% 19% 22% 27% 26% 12% 12% 12%
  • 20.00%
0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% 140.00% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Percentage Change (from base year 2001) Expense Usage Municipal
  • 122% increase in Usage vs. 12% increase in Municipal Funding
  • Current Municipal Funding level is not sufficient
  • Library has been able to contain expenses while experiencing significant growth in usage
  • Efficient delivery of services to the public
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SLIDE 10

Why does the library need more money?

Funding has not kept up with growth

$0.58 $0.20 $0.05 $0.23 $0.28 $0.07 $0.41 $- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 CITY OF CORNING CAMPBELL CATON TOWN OF CORNING ERWIN HORNBY Tax Rate Per $1000 Full Value Assessment Tax Rate Comparison 2014 2016 (Proposed)
  • Contracts negotiated in 2010 with
municipalities resulted in a 10% cut in funding
  • 1 municipality opted not to fund the
library
  • Proposed funding structure results in a
flat tax rate based on assessed value
  • Avoids under or over payment
  • Similar to city, state, and federal taxes
  • Current funding levels for most municipalities are too low to sustain services
  • $7 per year for a $100,000 home in Hornby would only pay for…
  • 1 paperback book
  • $20 per year for a $100,000 home in Campbell would only pay for…
  • 2 downloaded eBooks
  • $28 per year for a $100,000 home in Erwin would only pay for…
  • 1 use of the Library’s job resources
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What do you get for the money?

Value received significantly exceeds the cost

  • Value Received from library materials / services exceeds by 50% or more the proposed
cost to the municipality
  • Value Received is the amount an individual would pay for library materials if they were
purchased. Source: Library Value Calculator, ilovelibraries.org, maintained by the American Library Association 50,000 100,000 150,000 200,000 250,000 300,000 350,000 CITY OF CORNING * ERWIN * TOWN OF CORNING * CAMPBELL CATON HORNBY

Cost vs. Value of Services

Current Cost Proposed Cost Value Received * Value received exceeds $500K for City of Corning ($1.8M), Erwin ($836K), and Town of Corning ($871K)
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How does SSCL compare to other libraries?

Benchmarking to Similar Size Libraries

$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Operating Expenditures 2012 - Libraries with 33,000 - 35,000 chartered service area $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 Total Staff Expenditures (Salary & Benefits) 2012 - Libraries with 33,000 - 35,000 chartered service area 5000 10000 15000 20000 25000 30000 35000 40000 Total Program Attendance 2012 - Libraries with 33,000 - 35,000 chartered service area
  • One of the most cost efficient
providers of library services compared to similar sized libraries.
  • Highest ranked in total program
attendance.
  • Staffing costs significantly below
average. Source: New York State Library Development, http://www.nysl.nysed.gov/ libdev/libs/index.html#Statistics, collection
  • f library yearly reports from all states