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FUNDING COMMITTEE REPORT: REVENUE SOURCES

FUNDING COMMITTEE REPORT: REVENUE SOURCES. Dennis B. Martinez, Committee Chair Library District Commission Meeting February 9, 2007. Updated 02-12-2007. Makeup of Finance Workgroup. Library District Commissioners (4) Library Staff Budget Department Finance Department Legal Department

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FUNDING COMMITTEE REPORT: REVENUE SOURCES

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  1. FUNDING COMMITTEE REPORT: REVENUE SOURCES Dennis B. Martinez, Committee Chair Library District Commission Meeting February 9, 2007 Updated 02-12-2007

  2. Makeup of Finance Workgroup • Library District Commissioners (4) • Library Staff • Budget Department • Finance Department • Legal Department • Office of the City Manager

  3. Resources • Bexar County • Bexar County Appraisal District • State Comptroller

  4. Purpose of Presentation • SAPL Bench Marks • Funding Case Studies • Recap • Possible Local Sources of Revenue • Funding Scenarios

  5. Per Capita Operating Expenditures 2005 San Antonio Public Library spends $13.33 per capita on operations. The median of these libraries is $35.48. $13.33

  6. Texas Libraries ComparisonPLDS Statistical Report - 2006

  7. FUNDING CASE STUDIES San Francisco Public Library Las Vegas/Clark County Library District King County Library System

  8. San Francisco Public Library(FY 2006-2007 Budget)

  9. Las Vegas-Clark County Library District(FY 2006-2007 Budget)

  10. King County Library System(FY 2004-2005 Budget)

  11. RECAP

  12. How do we get there? Increase and stabilize public funding Seek new sources of sustainable funding

  13. Sales tax Property tax Impact fees Unanticipated revenue enhancements from city-owned utilities State funding Federal funding Library Authority/District Public Funding Opportunities

  14. Develop creative and sustainable funding mechanisms to respond to the needs of the new century library What now?

  15. LOCAL SOURCES OF REVENUE AND TRENDS Possible Under Current Policy Property Tax Sales and Use Tax Fees and Fines Possible With Policy Change CPS Energy Revenue SAWS Revenue

  16. COSA Property Tax Trends History (4% to 8% growth) Projection (3% to 4% growth)

  17. COSA Sales and Use Tax Trends History (2% to 9% growth) Projection (4% to 5% growth)

  18. SAPL Fees & Fines Goal is recovery of materials and access to facilities, not maximizing revenue generation. FY 2007 Budget: $897,096 Projected Growth Rate: 2% to 3%

  19. CPS Energy COSA Payment Trends History (-7% to 13% General Fund growth, CIED growth NA) Current Policy • Capped at 14% of gross revenue • General Fund transfer • Community Infrastructure Economic Development Fund (CIED) Projection (-8% to 3% General Fund growth), (-14% to 3% CIED growth)

  20. CPS Energy Revenue CIED Fund Projects Include: • Health Research at UTHSC & electrical infrastructure for growth at UTSA main campus ($3.6M). • Westover Valley construction of underground electrical supply lines ($1.3M). CIED Criteria: • Positive cost-benefit analysis • Non General Fund purpose • Infrastructure or economic development project

  21. SAWS COSA Payment Trends History (1% to 25% growth) Current Policy (capped at 5% of gross revenue) • General Fund transfer Capacity • Transfer of 2.7% has been made each year since 1992 Projection (-5% to 2% growth)

  22. FUNDING SCENARIOS

  23. Assumptions • Example scenarios are presented to stimulate discussion and are not all inclusive. A comprehensive expenditure budget will be presented next month. • Sales Tax (2006 Tax Year) • Source: Texas Comptroller web site. • Does not include unincorporated Bexar. • Property Tax (2007 Taxable Value) • Source: Bexar County Appraisal District. • Includes all of Bexar County. • Net of tax assessor/collector fees and 97.5% collection rate. • Assumes mandatory exemptions.

  24. SCENARIO 1 Property Tax per $100 valuation Operating 4 cent Capital ½ cent $33,155,410 $3,524,022 $897,096 Fees and Fines Maintenance Fund (CIED/SAWS) $2,500,000 $40,076,528 Revenue Generated SAPL’s Current General Fund Budget $24,900,000

  25. SCENARIO 2 Sales Tax (1/8 cent) $20,956,523 Fees and Fines $ 897,096 Maintenance Fund (CIED/SAWS) $2,500,000 General Fund (Personnel) $17,186,096 $41,539,715 Revenue Generated SAPL’s Current General Fund Budget $24,900,000

  26. SCENARIO 3 Sales Tax (1/8 cent) $20,956,523 Property Tax per $100 valuation Operating 2 cent Capital ½ cent $16,223,188 $ 3,524,022 Fees and Fines $ 897,096 Maintenance Fund (CIED/SAWS) $ 2,500,000 $44,100,829 Revenue Generated SAPL’s Current General Fund Budget $24,900,000

  27. SCENARIO 4 Sales Tax (1/8 cent total) Operating Share of Sales Tax 60% Maintenance/Capital Share of Sales Tax 40% $12,573,913 $8,382,609 Fees and Fines $897,096 COSA General Fund $22,000,000 Bexar County General Fund $6,000,000 $49,853,618 Revenue Generated SAPL’s Current General Fund Budget $24,900,000

  28. SCENARIO 5 Sales Tax (1/8 cent) $20,956,523 Property Tax per $100 valuation Operating 2 cent Capital ½ cent $16,223,188 $3,524,022 $897,096 Fees and Fines $2,500,000 Maintenance Fund (CIED/SAWS) $17,186,096 General Fund (Personnel) $61,286,925 Revenue Generated SAPL’s Current General Fund Budget $24,900,000

  29. S1: $23.20 S2: $26.37 S3: $25.76 S4: $28.47 S5: $36.67 Per Capita Operating Expenditures 2005 San Antonio Public Library spends $13.33 per capita on operations. The median of these libraries is $35.48. $13.33

  30. S1: $23.20 S2: $26.37 S3: $25.76 S4: $28.47 S5: $36.67 Per Capita Operating Expenditures 2005 San Antonio Public Library spends $13.33 per capita on operations. The median of these libraries is $35.48. $13.33

  31. Educational Opportunities The Library:A Powerful Tool for Economic Development Higher Literacy Levels Increased Economic Growth Skilled Workforce

  32. "He who cannot change the very fabric of his thought will never be able to change reality."– Anwar al-Sadat

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