2010 Financial Report

OPERATING INCOME

2009

2010

Property tax

$4,890,755

$5,118,525

County Option Income tax (COIT)

2,202,888

2,217,128

Other taxes (intangibles, CVET, license excise)

381,838

538,439

Other income

237,732

266,218

Total Income

     $7,713,213

        $8,140,310

   
   

OPERATING EXPENSES

2009

2010

Salaries and benefits

$4,576,568

$4,909,632

Supplies

89,778

302,976

Services and charges

745,601

766,989

Capital outlay: collection materials

1,031,900

1,060,602

Capital outlay: other

41,399

221,067

Total Expenses

     $6,485,246

        $7,261,266

   
   

DEBT SERVICE

2009

2010

Income

$2,538,693

        $2,099,686

Expenses (bond payments)

$1,996,000

$1,996,000

2010 Operating Income2010 Operating Expenses

Volunteer Contributions

Volunteers are increasingly important to the library. In 2010, volunteers contributed more than 10,812 hours. They provide the extra hands that ensure excellence--tutoring children and adults, working in the Friends Bookstore, delivering materials to the homebound, and helping to keep the library's shelves, materials, and computers clean and attractive. 

TOTAL VALUE:  $225,430 (an increase of 4 %)

Grants and Gifts

$87,167 - Friends of the Library
$23,744 - Estate bequest
$17,071 - LSTA Grant, Indiana State Library, for Indiana Room digitization project
$15,600 - Gates Foundation for computers
$  5,400 - Dollar General Foundation for VITAL
$  4,960 - VITAL Quiz Bowl
$  3,824 - Unrestricted gifts
$  3,000 - Henry and Cecilia Wahl Family Trust for teen homework help
$  1,000 - United Way of Monroe County for Foundation Center database subscription

TOTAL VALUE: $161,766 (an increase of 15%)

 

2010 Renovations/Fast Facts