2015 Annual Budget
May 30, 2014
One of the most important things that the Library does every year is establish a budget for the following year. Budgets communicate what is important to an organization because it shows how an organization chooses to allocate resources. As one of my professors told me, you can never hope to understand an organization unless you understand its budget and finances.
As we approach July 1 and the start of the 2015 fiscal year, the Library Board and staff have been working to put together a new budget. We have been working on the proposal since late January. The Board committees have been working on their parts of the budget. At the May Board Meeting, the Finance Committee presented the full budget.
We will be holding a hearing at 2:00 p.m. on June 11 at our North Independence Branch to hear public comment on our proposed levy rate and the proposed budget. As required by state law, we will officially announce the hearing in the Kansas City Star. You will be able to review copies of the proposed budget at any of your local libraries or you can view it online.
Some of the highlights from the Budget are as follows.
- The proposed operating levy rate is $0.3200 per $100 of assessed valuation. The Library has maintained the same levy rate since 2009.
- The Library is proposing a balanced budget. This is our typical practice.
- MCPL is proposing a budget that is favorable compared to other libraries. The proposal spends less on payroll and benefits and more on library materials than the average library in our peer group.
- In terms of library materials, the proposed budget calls for twice as much spending on library materials than the average library in our peer group.
I am proud of MCPL and our reputation as a fiscally conservative and financially responsible library. If you are interested, I hope that you will take time to glance over our proposed budget.
Steven V. Potter
Library Director and CEO