Date: February 2, 2010
To: RCPL Board of Trustees
From: Greta Chapman, Director
Re: January 2010 Budget Narrative
Date: February 2, 2010
To: Greta Chapman, Director
From: Kimberly Beck
Re: January 2010 Budget Narrative
The Library estimates spending approximately 8.3% of its budget on a monthly basis. At the end of January, the remaining budget balance should have approximately 91.7% remaining. To date the percentage remaining is 90.57% in the City budget. In January, the payments often exceed the goal of 8.3% due to lump sum payments for various maintenance, service and electronic resource agreements.
The County and Board Funds have not been loaded into IFAS (Integrated Financial Accounting System). As planned, amounts from both the County and Board Funds were carried into 2010 for the ILS and RFID implementations. The County and Board Funds budgets will be loaded into the system in March as they require two reviews with the City Council after Board approval.
The following is a list of line items with primary impacts for the city Budget:
City Budget
4210 Insurance – 46.41% Remaining
These are fixed and planned expenditures for various insurance needs. The City will deduct them from this line item periodically through the year. The Other Insurance (4214) line item is over-expended, however the Fire & Ext Coverage (4213) line item will off-set the difference.
4220 Professional
Services – 87.13% Remaining
Annual maintenance agreement payments were made for ThyssenKrupp Elevator and Minitex.
4270 Travel and Training – 76.06% Remaining
The
expenditures in this line item are planned purchases. The library is on track according to our
travel and training plan for this year.
4300 Capital Outlay – 80.67%
Remaining
The expenditures in this line item are in line with our
General Materials purchasing plan
for
2010.
EQUAL
OPPORTUNITY EMPLOYER