copy of budget package final 2

8/8/2019 Copy of Budget Package Final 2

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TIMBERLAND REGIONAL LIBRARY 2011 ESTIMATED REVENUES AND APPROPRIATIONS

Final - December 29, 2010 - ALL FUNDS

General Building Auto. Circ. Unemp.Fund Fund Fund Fund

ESTIMATED REVENUES:

Property Taxes 17,220,475 0 0 0Other Revenues 2,454,935 34,000 23,571 2,500

Total Est. Revenues 19,675,410 34,000 23,571 2,500Required Beg. Fund Bal. 285,828 0 0 0Operating Transfers-In 0 509,509 250,000 17,000

Total Resources 19,961,238 543,509 273,571 19,500=================================

APPROPRIATIONS:

Total Budget 19,961,238 485,000 101,750 25,000Operating Transfer-Out 776,509 0 0 0Intergovernmental 0 0 0 0Ending Fund Balance (776,509) 58,509 171,821 (5,500)

Total Uses 19,961,238 543,509 273,571 19,500=================================

FUND BALANCES:

Projected Beg. Bal. 7,794,569

Required Beg. Fund Bal. (285,828)Operating Transfers-In 0

Operating Transfer-Out (776,509)

Proj. Ending Balance 6,732,232==========

2005 2006 2007 20084,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

General Fund Ca


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Gift TotalFund Funds

0 17,220,47548,800 2,563,806

48,800 19,784,2810 285,8280 776,509

48,800 20,846,618====================================

60,000 20,632,9880 776,5090 0

(11,200) (562,879) General Fund Cash Flow

48,800 20,846,618 2005 7,952,212====================== 2006 8,798,766

2007 7,839,9082008 6,498,7422009 6,732,2342010 7,794,5692011 6,732,232

2009 2010 2011

sh Flow


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TIMBERLAND REGIONAL LIBRARY CONDENSED BUDGETS

2010 AND 2011 Final - GENERAL FUND

Final Final

2010 2011Budget Budget

ESTIMATED REVENUES:

Beginning Fund Balancefor Operations 0 285,828

Property Taxes $16,575,297 $17,220,475City Contract Fees 214,557 310,778

Timber Taxes and Sales 1,103,844 1,309,868

Interest on Investments 246,511 198,844Fines 290,000 351,659Photocopy Fees 27,150 25,027Other Revenues 408,181 258,759

TOTAL $18,810,666 $19,961,238========= ==========

BUDGETED EXPENDITURES:Salaries and Benefits $13,528,015 $14,120,343Supplies 296,460 530,960Other Services and Charges 1,803,480 2,063,580Intergovernmental 0 0Captial Expenditures - Nonbooks 495,000 503,750Cap. Expend. - Books and Materials 2,635,012 2,742,605

SUB-TOTAL (Operating Expend.) 18,757,967 19,961,238Operating Transfers-Out 0 776,509Ending Fund Balance 107,573 (776,509)

TOTAL $18,865,540 $19,961,238========= ==========


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2011

% of Total

1%86%2%7%

1%2%0%1%

100%==========

71%3%

10%NA3%

14%

100%========== $0

=


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TIMBERLAND REGIONAL LIBRARY General Fund - 2011 Estimated Revenues

Final - December 29, 2010Actual Actual

General Fund 657.00 2008 2009 Budget '10

308.00 Estimated Beginning Fund Balance 0 0 0311.10 Property Taxes 15,422,545 16,425,603 16,575,297311.30 Sale of Tax Title Property 1,325 3 0312.10 Timber Harvest Tax 728,866 427,726 606,373317.20 Leasehold Excise Tax 39,850 46,840 43,050319.12 Failure to List Personal Property Penalty 0 0 0333.45 Indirect Federal Grants - Humanities 27,128 8,160 100,000333.45 Indirect Federal Grants - Cont Education 5,196 1,432 4,050333.84 Indirect Federal Grants - Work Study 7,686 8,014 0

333.84 Indirect Grants - TRL Foundation 0 0 0335.23 State Forest Land 123,878 122,214 85,201337.01 In Lieu of Taxes 2,694 23,054 2,250338.72 City Contract Fees 762,018 371,610 214,557341.60 Photocopy Fees 25,933 28,803 27,150341.69 Printing Fees 0 0 30,000341.70 Sale of Merchandise 1,180 619 1,900347.20 Non-Resident Fees 7,643 8,199 7,000347.90 Other Fees 0 2,732 1,320359.70 Library Fines 0 51,220 290,000361.15 Interest on Investments 300,289 178,168 246,511361.90 Forest Board Interest (882) 1,008 3,875362.51 Forest Board Rentals 10,301 6,435 6,789362.52 Dept. of Army 0 0 0362.90 Other Rents 20 34 22,900367.00 Contributions 12,843 57,305 4,250369.81 Cashier's Overages and (Shortages) (242) (541) 0369.90 Other Miscellaneous Revenue 20,036 20,961 21,000369.91 Sale of Junk or Salvage 24,175 33,796 22,500381.20 Note Payments Received 0 0 28,897389.00 Other Non-Revenue 22,129 80,826 38,500395.10 Sale of Fixed Assets 0 0 0395.11 Timber Sales/State Forest Board 339,861 463,650 296,705395.12 Timber Sales/County 175,680 45,809 115,565395.20 Insurance Recoveries Capital Assets 0 8,202 0395.30 Comp. for Loss of Fixed Assets 76,009 77,195 69,900398.00 Insurance Recoveries Other 0 133,979 0

Total Receipts 18,136,159 18,633,054 18,865,540Estimated Beginning Fund Balance 0 0 0


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Total Revenue and Fund Balance 18,136,159 18,633,054 18,865,540

TIMBERLAND REGIONAL LIBRARY 2011 Budget

Final - December 29, 2010

2011 GENERAL FUND - ESTIMATED REVENUES:

Summary: The 2011 General Fund Budget is based on revenues of $19,961,238, of whiBalance.

Property Taxes: The budget includes an increase of .72% over 2010's property tax revenue,$124,802, plus estimated tax receipts of $183,254 from new construction, $and $25,643 from state assessed property for a total property tax revenue t

year.

Due to the average 2.85% decrease in property tax valuations in TRL's distriis now 1.79 cents higher then last year at 35.688 cents/$1,000 of assessed

Major Timber Revenues are projected to increase over 2010's budget by 18

Timber Revenues:206,644 Private Forest Timber Harvest Tax366,905 DNR State Forest Land Sales

703,594 DNR Timber Sales/SFT32,725 DNR Timber Sales/County

-------------1,309,868 Total budgeted for General Fund

=========

Actual revenues in excess of budget are considered for transfer in futurepurpose funds.

City Contract Fees:Contract = City's Assessed Valuation times Levy Rate.

Other Miscellaneous Revenue:Primarliy the $10 "reinstatement fee" from patrons to reimburse Library foragency costs.

Compensation for Loss of Fixed Assets:Primarliy "lost and damaged book" fees from patron.


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New Categories:341.69 Printing Fees - Charge for printing from public access computers; r

toner and paper, and reduce waste caused by unneeded and exce

Interest on Investments: The Thurston Treasurer is the ex-officio treasurer for the library. In this capCounty Treasurer receives deposits and transacts investments on the library

Beginning in 1989, the library authorized the Thurston County Treasurer to iin the Thurston County pooled investment program.

$0.01

$0.86

$0.00

$0.01

$0.01$0.07

$0.02

$0.02

How Timberland Regional Library Earns E


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2006 2007 2008

Thurston Co. Invest. Yield @ 9/30 4.31% 5.15% 4.41%

Property Tax Valuations:Grays Harbor Lewis Mason

Assessed Values, (In Billions 2010 $4.847 $7.303 $8.0642009 $4.760 $7.150 $7.692

% Increase(Dec.) 1.83% 2.14% 4.84%

New Const., (In Billions) 2010 $45.084 $68.004 $71.9722009 $55.832 $132.441 $96.839

% Increase(Dec.) -19.25% -48.65% -25.68%

2000 2001 2002 2003 2004 2005 2006 2007 2008$0.32

$0.34

$0.36

$0.38

$0.40

$0.42

$0.44

$0.46

$0.48

$0.50 $0.49

$0.48

$0.47

$0.45

$0.43

$0.39

$0.34

Timberland Regional LibraryLevy Rate (2000 to 2011)

Levy Rate (2000 to2011)


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Chg. in St. Assessed (In Bill. 2010 $64.793 $904.674 $39.0652009 $62.195 $852.291 $38.532

% Increase(Dec.) 4.18% 6.15% 1.38%

Major Timber Revenues:2006 2007 2008

Private Forest Timber Harvest Tax $1,070,343 $1,169,502 $728,866

State Forest Board Sales $1,103,607 $915,683 $639,420

Housing Units Auth. Bldg Permits* 53.76 50.48 37.87

2002008

20072006

20052004

20032002

20012000

19991998

Timberland Regional LibraryTimber Taxes & Sales


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30 Year Fixed Mortgage* 6.20% 6.35% 6.18%

* State of Washington Economic and Revenue Forecast Council

TIMBERLAND REGIONAL LIBRARY General Fund - 2011 Estimated Expenditures

Final - December 29, 2010Actual Actual

General Fund 657.00 2008 2009 Budget '10

572.XX.00 Reclassification and Cost Allocation (22,129) (80,826) 00.10 Salaries & Wages 10,845,288 10,528,051 10,517,6540.20 Personnel Benefits 3,191,367 3,173,672 3,010,3610.30 Supplies 446,111 310,831 296,460

Other Services and Charges:0.41 Professional Services 591,485 506,061 566,4500.42 Communications 354,767 276,158 322,3000.43 Travel 137,271 48,550 117,6950.44 Advertising 21,051 17,105 31,8000.45 Operating Rentals 76,792 80,056 245,5000.46 Insurance 68,850 98,759 91,9350.47 Utilities 127,860 136,560 147,5000.48 Repairs and Maintenance 162,214 186,906 198,3000.49 Miscellaneous 119,189 97,673 82,0000.40 Total Other Services and Charges 1,659,479 1,447,829 1,803,4800.50 Inter-Governmental 2,710 1,760 00.60 Capital Expenditures - Non Book 329,133 101,501 495,000

- Books and Materials 3,003,238 2,697,286 2,635,012

Total 19,455,197 18,180,105 18,757,967

507.XX.00 Transfer Out 0 0 0397.XX.00 Transfer In 0 0 0589.XX.00 Other Non-Expenditures 0 138,631 0

Estimated Ending Fund Balance (1,319,037) 314,318 107,573

Total Expenditures & Fund Balance 18,136,159 18,633,054 18,865,540


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TIMBERLAND REGIONAL LIBRARY 2011 Budget


2011 GENERAL FUND - ESTIMATED EXPENDITURES:Noteworthy items for 2011 include the following:

Compensation projections for staff salaries include no cost of living adjustfor staff is included for a "step" which occurs on the anniversary date for eAbout 70% of staff are eligible for the step. Salaries are projected to incre

Timberland's PERS rate will increase from 5.31% to 8.61% on July 1, 2011.

WCIP Board of Directors voted to discontinue offering medical insurance obasis. TRL moved to a fully insured plan offered by Premera, pushing mein comparison to 2010 rates.

Projected Salaries by Element:

732,926 Administration8,439,970 Public Service1,395,859 Organization of Materials

144,264 Facilities

$10,713,019 Total

Projected Benefits by Type:

Organization of Materials


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Books and Resources

2007 2008 2009Budget 2,842,373 3,003,015 2,691,880% Budget 15.2% 15.1% 14.3%Per Capita $6.10 $5.74 $5.80


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n(De)creas Budget '10 Budget '11

0 0645,178 17,220,475

0 0(399,729) 206,644

(50) 43,0000 0

(100,000) 0(4,050) 0

0 0

0 0281,704 366,9056,976 9,226

96,221 310,778(2,123) 25,027

(15,000) 15,000(1,900) 0

0 7,000(1,320) 061,659 351,659

(47,667) 198,844(3,875) 01,961 8,750

0 0(22,900) 0

4,560 8,8100 0

(7,100) 13,9007,500 30,000

(28,897) 025,773 64,273

0 0406,889 703,594(82,840) 32,725

0 0(11,100) 58,800

0 0

809,870 19,675,410285,828 285,828


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cover cost of ssive printing. 285828 $0.01 Beg. Fund Bal.

17220475 $0.86 Property Taxes

25027 $0.00 Photo/Print Fees

258759 $0.01 Other Revenues

198844 $0.01 Interest on Investments

1309868 $0.07 Timber Taxes & Sales

310778 $0.02 City Contract Fees

351659 $0.02 Library Fines

19961238 $1.00

How Timberland Regional Library Earns Each $1.00

city, Thurston's behalf.

nclude its investments

ch $1.00

Beg. Fund Bal.Property TaxesPhoto/Print FeesOther RevenuesInterest on Investments

Timber Taxes & SalesCity Contract FeesLibrary Fines


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$17.837 $419.434$17.981 $399.149

-0.80% 5.08%

2009 Private Timber Harvest Tax 427726.142008 Private Timber Harvest Tax 728866.012007 Private Timber Harvest Tax ###2006 Private Timber Harvest Tax 10703432005 Private Timber Harvest Tax 938343.142004 Private Timber Harvest Tax 679612.152003 Private Timber Harvest Tax 816400.652002 Private Timber Harvest Tax 990260.012001 Private Timber Harvest Tax 1163946.1

2000 Private Timber Harvest Tax ###1999 Private Timber Harvest Tax ###1998 Private Timber Harvest Tax 1575298.22009 State Forest Board Sales 631672.762008 State Forest Board Sales 639419.832007 State Forest Board Sales 915682.962006 State Forest Board Sales ###2005 State Forest Board Sales 985511.362004 State Forest Board Sales ###2003 State Forest Board Sales 895683.36

2002 State Forest Board Sales 674361.732001 State Forest Board Sales 1069269.22000 State Forest Board Sales ###1999 State Forest Board Sales ###1998 State Forest Board Sales ###

2011 Proj. Timber Taxes & Sales 1309868

2010 Proj. Timber Taxes & Sales 11038442009 Timber Taxes & Sales 1059398.92008 Timber Taxes & Sales ###

Thru Nov. 2007 Timber Taxes & Sales ###2009 2010 2006 Timber Taxes & Sales ###

2005 Timber Taxes & Sales 1923854.5$427,726 $163,198 2004 Timber Taxes & Sales ###

2003 Timber Taxes & Sales ###$631,673 $1,012,920 2002 Timber Taxes & Sales ###

2001 Timber Taxes & Sales 2233215.317.00 18.50 2000 Timber Taxes & Sales ###

2011 Proj.2010 Proj.

9

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2011 Proj.


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ent. An increaseligible employees. 6.8%ase 1.9% over 2010. 78.8%

13.0%. 1.3%

0.0%n a self-insuredical rates over 14%

45.2%6.2%0.9%0.4%

Administration

Public Service

FacilitiesAdministrationPublicServiceOrganizati

on of MaterialsFacilities


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0.2%0.1%

21.6%24.0%

1.3%

2742605 $0.14 Books and Resources

503750 $0.03 Equipment605660 $0.03 Advrt., Rentals, Ins., Misc.147500 $0.01 Utilities264570 $0.01 Repairs and Maintenance

98700 $0.00 Travel363000 $0.02 Communications584150 $0.03 Professional Services530960 $0.03 Supplies

14120343 $0.71 Salaries/Wages & Benefits

19961238 $1.00

How Timberland Regional Library Spends Each $1.002011 Budget

14%

ls, Ins., Misc. 3%

Maintenance 1%

ations 2%

l Services 3%

Each $1.00

Medical

6.2%0.9%0.4%0.2%0.1%21.6%

24.0% 1.3%

L&IFICAPERSEAPLTDLife

VisionDentalMedical


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2010 2011

2,635,012 2,742,60514.0% 13.7%$6.41 $6.02


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TIMBERLAND REGIONAL LIBRARY 2011 Building Fund - Estimated Resources & Expenditures


2011 Estimated Resources:

34,000 Investment Interest509,509 Transfers-In

543,509 Total Building Fund Resources

2011 Estimated Expenditures:

30,000 General Bookdrop35,000 Signage15,000 Amanda Park10,000 Centralia15,000 Lacey

5,000 McCleary35,000 Montesano 2011 Projects:

5,000 Mountain View 145,000 Projects Timberland O5,000 Naselle 200,000 Projects with Cities

35,000 North Mason 140,000 Projects - District Wide25,000 Oakville 485,00025,000 Ocean Park15,000 Olympia15,000 Packwood15,000 Raymond15,000 Hoodsport75,000 Service Center10,000 Shelton10,000 South Bend10,000 Tenino10,000 Tumwater10,000 Winlock60,000 Yelm58,509 Fund Balance

543,509 Total Building Fund Uses

2

3


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TIMBERLAND REGIONAL LIBRARY 2011 Auto Circulation Fund - Estimated Resources & Expenditu



23,571 Investment Interest250,000 Transfers In336,000 Rollover Special Resolution - Phone System127,000 Rollover - Symphony

736,571 Total Auto Circulation Resources


Capital Expenditures - TRL:24,000 Additional Servers29,000 OS, SharePoint, SQL13,250 Overdrive Software30,500 Other Software

5,000 Telephone System Misc Equipment336,000 Phone System, Partial Hardware and Install127,000 Symphony, Remaining on Install171,821 Fund Balance

736,571

736,571 Total Auto Circulation Fund Uses


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TIMBERLAND REGIONAL LIBRARY 2011 Gift Fund - Estimated Resources & Expenditures



44,500 Beginning Fund Balance - Lacey567,565 Beginning Fund Balance - Olympia

19,500 Beginning Fund Balance - Tumater

95,500 Beginning Fund Balance - Misc.1,000 Contributions - Lacey10,000 Contributions - Olympia

1,000 Contributions - Tumwater2,000 Contributions - Misc.1,200 Investment Interest - Lacey

30,000 Investment Interest - Olympia1,100 Investment Interest - Tumwater2,500 Investment Interest - Misc.

775,865 Total Gift Fund Resources


60,000 Expenditures - Olympia

46,700 Fund Balance - Lacey547,565 Fund Balance - Olympia

21,600 Fund Balance - Tumwater100,000 Fund Balance - Misc.

775,865 Total Gift Fund Uses


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ned Buildings

(for TRL & City Bldgs)

29.9%41.2%28.9%

1


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enditures


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copy of budget package final 2

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