Budgets, Plans & Reports

Fiscal Year 2024

FY2024 Annual Budget Full (pdf)

	St. Charles City-County Library District
	2024 Annual Budget
General Fund	(July 1, 2023 through June 30, 2024)

Statement of Budgeted Revenues and Expenditures	2022 Actual	2023 Forecast	2024 Budget	% Change 2023-24

BEGINNING FUND BALANCE	21,488,156	24,149,325	26,780,956

REVENUES:
Property and Other Taxes	20,970,562	22,017,733	23,284,200	5.8%
State Aid, Federal Aid & Grants	359,916	776,241	96,500	-87.6%
Investment Earnings	(66,002)	160,000	110,160	-31.2%
Charges for Services	211,216	319,814	321,360	0.5%
Donations	2,727	410	340	-17.1%
Miscellaneous	53,678	95,000	41,290	-56.5%
TOTAL REVENUE	21,532,097	23,369,198	23,853,850	2.1%

EXPENDITURES:
Salaries & Benefits	11,683,692	11,809,114	14,204,764	20.3%
Library Materials (pdf)	3,255,430	3,375,537	4,282,525	26.9%
Operations	2,060,408	2,614,892	2,882,355	10.2%
Technology & Telecommunication	913,389	1,090,579	1,241,465	13.8%
TOTAL OPERATING EXPENDITURES	17,912,919	18,890,122	22,611,109	19.7%

CAPITAL:
Special and Building Projects	958,009	1,847,445	4,608,500	149.5%
TOTAL EXPENDITURES	18,870,928	20,737,567	27,219,609	31.3%
CHANGE IN FUND BALANCE	2,661,169	2,631,631	(3,365,759)	-227.9%
ENDING ACTUAL/PROJECTED FUND BALANCE	24,149,325	26,780,956	23,415,197	-12.6%


ADDITIONAL INFORMATION:
Revenue is primarily based on property tax. The fiscal year 2024 tax rate will be set by the Board of Trustees at the September 2023 Board Meeting. The FY2024 tax rate is $0.1725 per $100 of valuation. The Library District tax rate approved by voters is $0.2600. Detailed budget information is available upon request to custodian@stchlibrary.org.