Date: April 2, 2008
To: RCPL Board of Trustees
From:
Re: March 2008 Budget Narrative
Date: April 2, 2008
To:
From:
Re: March 2008 Budget Narrative
The Library estimates spending approximately 8.3% of its budget on a monthly basis. Expenditures are on track for 2008 with 77.22% remaining of the City budget, 91% remaining of the County budget and 83.13% remaining in the Board Funds budget.
The following is a list of line items of interest for each budget:
I. City Budget
- 4270 – Travel & Training – 69.81%
remaining
- The costs for this line item are high due to conference travel and training for the staff and Board. However, because expenses for this line item have been budgeted for the entire year, expenditures are on track.
II.
We are on track for County budget expenditures to date. At this time there are no line items for review.
III. Board Funds Budget
To date expenses have been minimal out of the Board Funds Budget. At this time there are no line items for review.
IV. Previously Discussed City Budget Items
·
4210 – Insurance – 49.12% remaining
o
These
are fixed costs and we are on track for the year.
·
4220 – Professional Services – 82% remaining
o
The
expenditures in this line item are high due to the first quarterly payment made
to the South Dakota Library Network. We
are on track for expenditures in this line item for the year.
·
4230 – Publishing – 33% remaining
o
Due
to vacancies related to the county contract, two employees transferred to city
openings during negotiations, advertising for those vacancies have used funds
from this line item.
·
4240 –
Rentals – 84% remaining
o
Maintenance
and service contracts approved shall renew at the beginning of each calendar
year thus increasing the expenditures in this line item at this time.
·
4250 – Repair & Maintenance – 51% remaining
o
Johnson
Repair maintenance contract has been signed as we have a January to December
agreement. Also, the 3M Self Check
Machine contract came out of this line item as a clerical error. The funds will be supplemented back into the
appropriate
line item by city finance.
EQUAL
OPPORTUNITY EMPLOYER