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South Central Library System

South Central Library System. Financial Overview 2013 System Budget. Factors in Budget Development. When developing a budget for the System, many factors are taken into account, to include: Member needs and priorities Individual department budgets and resources Financial challenges

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South Central Library System

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  1. South Central Library System Financial Overview 2013 System Budget

  2. Factors in Budget Development • When developing a budget for the System, many factors are taken into account, to include: • Member needs and priorities • Individual department budgets and resources • Financial challenges • New Opportunities

  3. Financial Challenges • 10% cut in State Aid: $228,593 • Loss of interest income: $75,000 • Reduced LSTA grant income • Reduced revenue due to reduction in delivery services (ex: 4 day delivery instead of 5) • Increasing supply costs • Built in escalators in our contracts with vendors/cost of living increases • Broadband increases • WRS contribution increases

  4. New Opportunities • Investing SCLS funds in higher yielding bonds and treasuries to recapture some lost interest income. • Establishing corporate accounts with discounted purchasing power, as well as sourcing new vendors, to reduce supply costs. • Renegotiated copier lease and building lease to reduce rents. • Reduced or eliminated several budget lines on annual budget. • Eliminated positions (Delivery Drivers, Associate Director, Technology Projects Manager, computer operator) • Reorganized the technology department • Collaborating with other Systems and offering services outside our system.

  5. System Income2013 Budget

  6. Other Income Sources2013 Budget Total SCLS 2013 Income Budget

  7. System Expenditures2013 Budget

  8. Administration & Coordination ExpensesBudget 2013 Total SCLS 2013 Budget

  9. Consulting Services ExpensesBudget 2013 Total SCLS 2013 Budget 2013 Consulting Services Budget

  10. Technology ExpensesBudget 2013

  11. ILS ExpensesBudget 2013

  12. Delivery Income Sources2013 Budget Total SCLS 2013 Income Budget

  13. Delivery ExpensesBudget 2013 Total SCLS 2013 Budget Delivery 2013 Budget

  14. Sources of Funding by Department

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