The Holmes County District Public Library Board of Trustees discussed projected library budget, revenue and appropriations for 2013 at its last meeting.
Fiscal Officer Paula Cicconetti estimated that library revenue will be up this year.
"For Public Library Fund revenue for 2013, the Department of Taxation has given us an estimation of $1,011,490, which is more than $30,000 more than we received in 2012," she said. "Of course, the biennium budget will be set in 2013, so depending on what happens there this number can change one way or another."
Beginning in July 2013, the Public Library Fund will once again receive revenue based upon a percentage of tax collections, she explained.
"On the second half of the year, we could see the revenue fluctuate depending on how the economy performs," she said.
In some ways, this method could be favorable for library revenue.
"Sales and income tax collections are up, so applying those percents to those numbers will be more favorable than if those numbers are down," said Cicconetti. "Since we are going back to the floating formula for revenue, it's hard to put an exact number on it at this point."
For the library's balance and carryover, "that number is what we are estimating to finish 2012 with," explained Cicconetti.
As of Jan. 1, the library will have a general fund carryover balance of $315,000.
"Which is up $70,000 from where we were at the end of 2012," said Cicconetti. "If you recall, at one point a few years back our carryover in the general fund was only about $100,000, so we've definitely been able to build that up to a comfortable level."
For general fund appropriations, Cicconetti noted some highlights.
Appropriations for library salaries are 1 percent less in 2013 than in 2012.
"This is even after adding a new cargo van driver position for 2013 and after factoring the wage increases that were improved at the October board meeting," she said.
Insurance benefit costs are also 6 percent less for 2013 due to the library's full-time staff beginning to contribute 10 percent toward insurance costs, said Cicconetti.
"I have budgeted for a 6 percent premium increase starting in March, of course that is a guess based on how things have panned out in the last few years," she said.
A new account was created to fund the cargo van to be used to transport materials from the new drop boxes to be located throughout the county, and $3,000 was budgeted to this account to pay for fuel and related vehicle expenses.
The total materials budget is $129,000.
To close out 2012, the library is scheduled to receive $71,800 in Public Library Funding for December. For the year, that puts the library in $982,160 in PLF dollars. That figure is 6 percent less --almost $60,000 -- than what the library received in 2011.
On the expense side for 2012, "We're going to have plenty of surplus based on what our appropriations were for the year," said Cicconetti. "We're coming in well under what we budgeted."
Reporter Kelley Mohr can be reached at 330-674-5676 or firstname.lastname@example.org.