605-394-4171
ź www.rapidcitylibrary.org
|
Date: April 6, 2005 |
|
To: RCPL Trustees |
|
From: RCPL Finance Committee |
|
Re: 2006 – 2008 RCPL Budget Recommendation |
|
The budget is built upon the Strategic Planning Goals to meet growth in use of library services and use of space related to sound, aesthetics, and maintenance. There are two documents attached for the purpose of adopting a draft RCPL 2006 Budget. The third document titled Department Head Draft is related to the change of the budget adoption process. This document is provided as background information at this time. |
|
|
|
In this stage of the budget cycle process, the RCPL Board Finance Committee is recommending adoption of the 2006 Board Budget as a draft to move forward in the overall city process. There is a budget narrative attached that identifies priority items not included in the 2% operational increased costs. |
|
|
|
As you may recall from last month’s review of the budget, the city guidelines are to hold cost increases for operations at 2% excluding any new FTE requests. All FTE requests remain outside of the operational costs for review in the process. Also as discussed, the process this year includes a recommendation from department heads, prioritizing overall city budget increases over the 2% operational costs and FTEs. The Department Head Draft Budget is based upon the 2% operational increased costs, with the increased costs for utilities and insurance charges removed. The discussion is based upon these costs as being fixed, with no flexibility to adjust without cutting services. Also, the costs are skyrocketing for natural gas and insurance. |
|
|
|
Throughout the cycle, I will keep the Board informed of any recommended changes for your final approval. There will be time for comments, questions, and input at the Board meeting regarding the financial impact and the process. |
