Library Board of Trustees Adopts 2014 Library Budget
Jefferson County Public Library's 2014 budget has been approved by the Library Board of Trustees and Jefferson County Board of Commissioners.
Revenues for 2014 are expected to be $24.6 million, a slight increase from $24.2 million in 2013. The increase in revenues is due to a projected increase in property tax revenues and the restoration in 2014 of about $100,000 in state funding for literacy initiatives.
Operating expenses and debt service are expected to be $24.5 million, down from $24.8 million in 2013. The reduction in operating expenses and debt service is primarily due to the payoff of Belmar Library debt, and a slight decline in salaries and benefits expenses and internal charges for County services.
Capital expenditures for 2014 are expected to total approximately $1 million to fund much-needed repairs and upgrades to the Columbine and Standley Lake Libraries and to update public access computers throughout JCPL locations, some of which are now more than seven years old.
The Library Board of Trustees has undertaken an initiative to evaluate options for achieving a sustainable business model, including investigating ways to increase library revenues.