FY 2006 Lincoln Trail Libraries System Budget & Work Plan May 24, 2005.

FY 2006Lincoln Trail Libraries

System Budget & Work Plan

May 24, 2005

May 24, 05FY 2006 Budget & WorkPlan

2

Budget

$853,181

$369,841

$88,769

General Fund Automation FundCooperative Service Fund


3

Expenses By Category

Personnel55%

Maintenance7%

PR0% CE/Travel

2%Insurance0%

Telephone2%

Supplies4%

Building & Grounds3%

Professional1%

Contract4%

Capital1%

Misc0%

Benefits17%

Vehical3%

Materials1%


4

General Fund Expenses

Personnel58%

Maintenance1%

PR0%

CE/Travel2%

Insurance1%

Telephone1% Supplies

5% Building & Grounds

5%

Professional1%

Contract1%

Capital2%

Misc0%

Benefits18%

Vehical5%

Materials0%


5

Revenue By Fund

$92,777

$354,852

$825,852

General Fund Automation FundCooperative Services Fund


6

Revenue Compared to Expenses

-$100,000

$150,000

$400,000

$650,000

$900,000

Revenue Expenses Difference

Revenue $825,219 $354,852 $92,777

Expenses $853,181 $369,841 $88,769

Difference -$27,962 -$14,989 $4,008

General FundAutomation

FundCooperative

Services Fund


7

General Fund

• Same Revenue as FY 2005• No new programs or staff• IMRF up from 2.51% to 8.7%

beginning January 2006 (246% increase)

• Health Insurance up 18.98% per employee per month

• Small merit included for 6 months ($14,635) (Previous merit 5/04)


8

General Fund

0%

10%20%30%

40%50%60%70%

80%90%

100%

FY 2003 FY 2004 FY 2005 FY 2006

Payroll Taxes/Fringe Benefits Change

Social security taxes Unemployment insurance Workers compensation Retirement benefits Health, dental, life insurance


9

General Fund

Benefits Cost Per Year

60,000

70,000

80,000

90,000

100,000

110,000

120,000

130,000

140,000

150,000

160,000

Cost of Benefits

Cost Per Year 118,699 113,258 129,206 154,888

FY 2003 FY 2004 FY 2005 FY 2006


10

Membership

Academic6%

Public42%School

38%

Special14%

Academic Public School Special

124 Member Libraries


11

General Fund Initiatives

• Strategic Plan by January 2006• Expand participation in

MyLibrarian• Implement an online

Consulting service• Work with other Systems and

ISL to increase Funding for Cooperative Library Service


12

Board Initiatives• Executive Committee

– Review LTLS Bylaws & Standing Rules

• Budget & Finance– Funding new Strategic Plan

• Membership– Review & Revise Affiliate Agency Policy– Review Membership Grievance Policy

• Planning and Policy– Review Facilities Use Policy – Review Library Records Confidentiality Policy

• Personnel– Evaluation and Policy review


13


-$100,000

$150,000

$400,000

$650,000

$900,000


Revenue $825,219 $354,852 $92,777

Expenses $853,181 $369,841 $88,769

Difference -$27,962 -$14,989 $4,008


FundCooperative

Services Fund


14

Automation Fund Expenses

Personnel54%

Maintenance19%

PR0%

CE/Travel0%

Insurance0%

Telephone1%

Supplies1% Building &

Grounds0%

Professional1%

Contract9%

Capital0%

Misc0%

Benefits15%

Vehical0%

Materials0%


15

LINC Members

School54%

Special3%

Public41%

Academic2%

Academic Public School Special

94 Buildings


16

Automation Fund Initiatives

• Beta Site for Dynix Horizon 8.0• Develop a Plan for E-Content• Develop a Plan for Digitized

Content• Increase utilization of Statistical

Data in LINC for Collection Analysis

• Reduce Turn-Around-Time on Cataloging Items


17

Automation Fund

• Revenue less than FY 2005• Projection of revenue in

February 2005 did not include the IMRF increase and as much an increase in health insurance.

• Small merit included for 6 months ($5,804) (Previous merit 5/04)


18

LTLS LINC Central Site Shared Cost History

$25,000

$55,000

$85,000

$115,000

$145,000

$175,000

$205,000

$235,000

0

10

20

30

40

50

60

70

80

90

100

SHARED COSTS

Number of Members

SHARED COSTS $63,241 $70,369 $87,212 $102,789 $104,553 $104,865 $86,597 $99,739 $93,569 $98,372 $106,490 $114,863 $144,741 $151,778 $162,930 $199,233 $197,600 $214,242 $213,623 $205,824 $199,365

Number of Members 23 23 24 24 24 23 22 21 23 22 22 28 36 43 47 57 62 73 81 84 88

FY 86 FY 87 FY 88 FY 89 FY 90 FY 91 FY 92 FY 93 FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006


19

LTLS Cataloging Center Shared Cost History

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

0

10

20

30

40

50

60

70

80

90

100

Cataloging Costs

Number of Members

Cataloging Costs $14,045 $14,201 $20,804 $41,410 $55,390 $53,354 $53,354 $58,634 $66,935 $94,673 $101,87 $122,98 $131,62 $139,26 $131,39 $131,61 $136,90

Number of Members 19 19 18 20 18 18 20 30 41 48 56 68 76 82 80 82 89

FY 90 FY 91 FY 92 FY 93 FY 94 FY 95 FY 96 FY 97 FY 98 FY 99 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006


20


-$100,000

$150,000

$400,000

$650,000

$900,000


Revenue $825,219 $354,852 $92,777

Expenses $853,181 $369,841 $88,769

Difference -$27,962 -$14,989 $4,008


FundCooperative

Services Fund


21

Cooperative Service Fund Expenses

Personnel24%

Maintenance21%

PR1%

CE/Travel10%

Insurance0%

Telephone13%

Supplies13%

Building & Grounds

2%

Professional6%

Contract0%

Capital0%

Misc1%

Benefits6%

Vehical0%

Materials3%


22

Cooperative Services Fund Initiatives

• Implement new Communication Tools between LTLS and member libraries and among member libraries

• Examine and implement new training and education options for members.


23

Cooperative Services Fund Initiatives

• Implement new Communication Tools between LTLS and member libraries and among member libraries

• Examine and implement new training and education options for members.


24

Cooperative Service Fund

• Anticipated Revenue is more than expenses

• Small merit included for 6 months ($747) (Previous merit 5/04)

FY 2006 Lincoln Trail Libraries System Budget & Work Plan May 24, 2005.

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