MIDEASTERN MICHIGAN LIBRARY COOPERATIVE FY Budget Budget Summary Overview

Transcription

1 MIDEASTERN MICHIGAN LIBRARY COOPERATIVE FY Budget Budget Summary Overview Income State source revenues Cooperative State Aid 273, Total State source revenues 273, Other Income Interest Income 5, Universal Service Funds 1, Workshop Fees 5, Northland Cooperative Contract 1, Total Other Income 13, Other Local Income Programming 100, Baker College Library Charles Stewart Mott Foundation Fenton Area Schools Genesee School District Goodrich Area Schools Grand Blanc Community Schools Kettering University Lapeer Community Schools Mott Community College Carman-Ainsworth Schools Clio Community Schools Flint Community Schools University of Michigan Hurley Hospital Hamady Library Total Other Local Income 102, Total Income 388,195.00

2 Expense Salaries 128, Fringe benefits 48, Payroll taxes 9, Board meetings 1, Office supplies 1, Library materials Auditing 3, Institutional dues Professional Services 1, Payroll services Continuing Education Program 4, Grants to Public Libraries 33, Utilities 5, Transportation 10, Promo/publicity/printing Summer Reading Program 100, Total Promo/publicity/printing 100, Insurance 4, Repair & Maintenance 1, Rents 9, Contingencies 26, Total Expense 388, Net Income 0

3 MIDEASTERN MICHIGAN LIBRARY COOPERATIVE FY Budget Itemized Budget Summary REVENUES State Sources State Aid-Cooperatives $273,113. (Core). Increased to.2219 cents, this direct state aid is based on a cooperative service area population of 1,230,795. Total State Sources $273,113. Local Sources Interest $5,000 (Core) Universal Service Funds $1,982 (Core). In FY , this category will include reimbursements made to the Cooperative by AT & T Mobility and Paetec, based on an 90% rate discount Workshop Fees $5,000 (Core). Revenue derived from workshop participants attendance at MMLC sponsored workshops Northland Cooperative Contract $1,000. Revenue derived from MMLC booking Summer Reading programs for members of the Northland Library Cooperative Other Local Income $102,100 (Core). In FY , this category will include payments made by Multi-type Members for membership dues, and purchased services such as programming within the "Resource Sharing" category. Programming $100, Baker College Library $ Charles Stewart Mott Foundation $ Fenton Area Schools $ Genesee School District $ Goodrich Area Schools $ Grand Blanc Community Schools $ Kettering University $ Lapeer Community Schools $ Mott Community College $ Carman-Ainsworth Schools $ Clio Community Schools $ Flint Community Schools $ University of Michigan - Flint Campus $ Hurley Hospital Hamady Health Library $ Total Local Sources $115, TOTAL REVENUES: $388, This represents the amount of the total revenues available to support the present Core services at the basic service level standards for Administration, Advocacy, Professional Development and Community Relations.

4 EXPENDITURES Salaries $128,027 (Core Service: Administration). The Board has approved a one year contractual agreement for the Director (October, 2011 September, 2012). Contracted Director Base Salary $80,000 Administrative Assistant $48, Fringe Benefits $48,329 (Core Services: Administration). This category includes annual premiums for health insurance, prescription medicine, dental insurance, life insurance / accidental death and vision benefits. As well as, Employer contributions to Simplified Employee Pension Plans (15% FY salaries), Administrative Assistant's Internet account, Director s membership in ALA, MLA & PLA, and Administrative Assistant s membership in MLA. Administrative Assistant Health & Dental Insurance $12,000 Contracted Director Reimbursement in lieu of Health & Dental Insurance $12,000 Prescription Medicine $ 200 Life Insurance / Accidental Death $ 2,600 Vision Benefits $ 2,000 Simplified Employee Pension Plan Contributions $19,204 Director's ALA & PLA membership $ 200 Director s Special Libraries membership $ 15 Administrative Assistant's MLA Membership $ 85 Genesee Freenet Account $ Payroll taxes & Unemployment Insurance $9,994 Core Services: Administration). Includes the Employer share of 6.2% and 1.45%; State Unemployment $200 annually Board $1,000 (Core Services: Office Operations). This category is used to support the refreshments for Board meetings, committee meetings and workshops, and parking validations. Parking Validations $100 Meeting refreshments $ Office Supplies $1,000 (Core Service: Office Operations). This category includes items like postage, stationary, facsimile supplies, and other supplies normally used in the operation of an office. Postage $250 Office Supplies $ Library Materials $350 (Core Service: Office Operations) This category includes the annual subscription cost for Michigan Information Research Service for the Director Auditing $3,500 (Core Service: Office Operations). Covers the projected cost of the contract Institutional Dues $700 (Core Service: Office Operations). This category includes the institutional membership dues for the Midwest Collaborative for Library Services, the Michigan Library Association, the Michigan Cooperative Directors Association and the Michigan Business & Professional Association. Midwest Collaborative for Library Services membership $125 Michigan Library Association membership $350 Michigan Cooperative Directors membership $100 MI Business & Professional Association $ Professional Services $1,000 (Core Service: Office Operations). Used to cover the cost of Website Hosting by White Pine Library Cooperative and other services needing special expertise.

5 Payroll Service $300 (Core: Administration). Contract for payroll services on a bi-weekly basis Continuing Education Program $4,000 (Core: Community Relations). The Advisory Council has expressed an interest in the Cooperative offering several Training Opportunities. The MMLC office will be developing a list of classes that will be available throughout the Cooperative area Technology Support & Innovation Program $33,250 (Core Service: Technological Support/Innovation) This category will provide funding to public libraries to sustain and enhance services in the area of technology, resource sharing, and in the implementation of new library initiatives. Class VI Libraries $2,000 each $16,000 Class V & IV Libraries $1,750 each $ 5,250 Class III, II & I Libraries $1,500 each $12, Utilities $5,000 (Core Service: Office Operations). This category includes telephone charges, cellular phone service, wireless computer services, telefacsimile charges, telecommunication charges and electrical utilities for the Cooperative Office. Telephone & Fax Service $2,000 Cellular Phone & Wireless Laptop Computer Service $2,500 ReadyTalk / Conference Call service $ 100 Computer Network Service $ 100 Consumers Energy Service $ Transportation $10,000 (Core Service: Office Operations). This category includes mileage reimbursement for staff when they use their personal vehicles for business, parking fee reimbursements and meal reimbursements for expenses incurred while conducting Cooperative business and funds to support attendance at library conferences and workshops. Library conference & workshops $7,500 Mileage & Parking Fee Reimbursements $2,000 Meal Reimbursements $ Promotions/Publicity/Printing $100,000 (Core Service: Community Relations). The Cooperative will continue to provide the coordination of Summer Reading Program ordering of items to achieve the best group discount. Members will be charged actual cost for prizes and programs Insurance $4,800 (Core Service: Office Operations). This category funds personal property insurance, employee bonds, negligence/liability insurance for the Board's officers and the director, and workers compensation. Personal Property Insurance $ 500 Employee Bonds $1,800 Director & Officers Negligence / Liability Insurance $2,100 Workers' Compensation Insurance $ Repair & Maintenance $1,000 (Core Services: Office Operations). This category supports the repair / replacement costs for the office equipment and wireless labs Rent (Facilities & overhead) $9,340 (Core Service: Office Operations). Included in this charge are rent, utilities, janitorial service, two organization parking spaces and 24-hour security. Office Rental Fees, including the annual escalation charge $7,800 Meeting Room Rental $ 100 Organizational Parking Spaces $1,440

6 Contingency $26,605 (Core Service: Administration). This contingency fund is for unplanned expenditures in any other category. Funds can also be transferred into this category as additional revenue becomes available. TOTAL EXPENDITURES: $388, Net Income $0