Notice of Supplementary Budget Hearing, FY2020-21
A public hearing on a proposed supplemental budget for BAKER COUNTY LIBRARY DISTRICT for the current fiscal year will be held as a virtual meeting accessible by Internet or phone. Attendance access details will be provided by notice on the library website www.bakerlib.org at least 24 hours in advance of the meeting.
The hearing will take place as an online meeting on JAN 11 2021 at 6:00 PM hosted by and from Baker County Public Library as part of the regular Library Board meeting for the month. The purpose of the hearing is to discuss the supplemental budget with interested persons.
A copy of the supplemental budget document may be inspected or obtained on or after JAN 5 2021 at BAKER CO PUBLIC LIBRARY, 2400 RESORT ST, BAKER CITY, between the hours of 9:00 AM and 5:00 PM.
SUMMARY OF PROPOSED BUDGET CHANGES
AMOUNTS SHOWN ARE REVISED TOTALS IN THOSE FUNDS BEING MODIFIED
FUND: GENERAL FUND
Resource Amount "Expenditure - indicate Org. Unit / Prog. & Activity, and Object Class. "
1 Current year taxes 1,235,772 1 Personnel Services - Salaries & Ben. 833,794
2 Other revenues 248,500 2 Materials & Services - Collection Dev 125,000
3 Beginning cash 552,383 3 Materials & Services - Facilities & IT 334,300
4 Fines & Fees; Interest 25,950 4 Materials & Services - Library Ops 147,275
5 Capital Outlay 25,000
6 Transfers & Contingency 118,555
7 Unappropriated / Operating Reserve 477,400
Revised Total Fund Resources 2,115,105 Revised Total Fund Requirements 2,115,105
Explanation of change(s):
Baker County Library District will receive some unanticipated additional tax revenues due to larger than projected growth in valuation of county property in the current fiscal year. The district will adopt a larger than projected cash carryover from both a surplus of prior year tax revenues received in the last fiscal year and a slowdown of expenses from the pandemic closure. The district will also adopt grant funds received to reimburse COVID-19 expenses, and more proceeds than initially projected from standard fees. Resources will primarily be allocated for COVID-19 public health measures, PPE, facilities air quality improvements, IT projects to facilitate staff work from home, digital collection development, and library supplies to support curbside services. A portion of surplus resources will be transferred to reserves for future operations and capital improvements.
FUND: RESERVE - CAPITAL IMPROVEMENT
Resource Amount "Expenditure - indicate
Org. Unit / Prog. & Activity, and Object Class. "
1 Transfer In 107,555 1 Capital Improvement projects 164,155
Revised Total Fund Resources 164,155 Revised Total Fund Requirements 164,155
Explanation of change(s):
A portion of surplus revenue from cash carryover will be transferred to the Reserve fund for Captial Improvement Projects.
DOWNLOAD NOTICE BELOW
150-504-073-8 (Rev. 12-16)