Date: March 5, 2008
To: RCPL Board of Trustees
From:
Re: February 2008 Budget Narrative
Date: March 5, 2008
To:
From: Kimberly Hodgson, Administrative Assistant
Re: February 2008 Budget Narrative
The Library estimates spending approximately 8.3% of its budget on a monthly basis. To date there is 83.15% remaining of the City budget, 90% remaining of the County budget and 83.13% remaining in the Library Board Funds budget.
The following is a list of line items of interest for each budget:
I. City Budget
No new items of interest.
II. County Budget
Due to the timeline of negotiations for the county contract; the 2008 budget was approved by the Board at the January 2008. The actual budget numbers will not be loaded in the citys accounting system until the first supplemental appropriation of the year. Until then, a spreadsheet format will be available for board review.
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