This Budget and Library Tax Levy Review is based on publicly available data as well as individual communications with Marathon County staff. Links are provided for the individual communications.
The analysis contained in this post contains estimates and data interpretations that are accurate to the best of my abilities. If any Marathon County staff, Marathon County Supervisor, MCPL staff or MCPL Library Board member believe that the estimates and/or data interpretations are incorrect, I will be happy to discuss and will consider amending the post (with notation and attribution) if I believe that it would be appropriate.
Historical Budgeted vs Actual Expenditures and Projected Expenditures1
Actual and Projected Library Expenditures
2021 $3,343,917
2022 $3,383,659
2023 $3,280,368; Projected
Projected by Supervisor Baker based on Personnel and Operating Expenditures through 9/30/23 [12/9 *$2,460,276] ; Excludes 2023 Projected Capital Expenditures of $348,614
Historical Difference Between Budgeted and Actual Expenditures
2021 $458,718 (from Audited Financial Statements, see below)
2022: $427,931 (from Audited Financial Statements, see below)
Any remaining Library Tax Levy Funds at the end of the year are added to the Library Fund Balance.
From 2021 Audited Financial Statements
From 2022 Audited Financial Statements
Pages 8 to 11 of Library Packet 2023102
Library Fund Balances2
End of Year 2022 Library Fund Balance
From Workday Entries provided by Finance Director Palmer
2022 End of Year Library General Fund Balance: $356,603
2022 End of Year Library Capital Projects Fund: $639,835
2022 End of Year Total Library Fund Balance: $996,438
Projected End of Year 2023 Library Fund Balance
From 2024 Budget Message, Page 11; Estimated 2023 EOY Library Reserve Balance: $361,102
It is not clear from the Budget Message whether this is the projected Library General Fund Balance or the Total Library Fund Balance. Based on the Expenditures to Date data, it appears to be the Projected Library General Fund Balance.
From 2023 Projected Expenditures; Estimated EOY 2023 Library General Fund Balance: $434,273
Estimated 2023 EOY Library Capital Fund Balance: $291,221 (See Supervisor Baker’s Worksheet below)
Estimated 2023 EOY Total Library Fund Balance: $652,323 (See Supervisor Baker’s Worksheet below)
From 20231016 Library Packet Page 11, Added 11/8/23
From Finance Director Palmer
From 2024 Budget Message
Supervisor Baker’s Library Fund Balance Estimate Worksheet
MCPL 2024 Budget Request
- Data Sources for Budgeted vs Actual Expenditures Section
2023 Budget Message
2024 Budget Message
2022 Audited Financial Statements
2021 Audited Financial Statements
Library Packet 20230123
Library Packet 20230918
Library Packet 20231016
↩︎ - Data Sources for Library Fund Balances Section
Email Correspondence with Finance Director Palmer
Email from Facilities and Capital Management Interim Director Holman
Workday Worksheet from Finance Director Palmer
Legacy Worksheet from Finance Director Palmer ↩︎