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Financials

Since the library is primarily funded with public monies the board and staff strongly believe in financial transparency.  It's your library and you have the right to know where the money comes from and that we are spending it effectively. 

The library's budget is not that complex however there are some library specific line items which may not make sense unless you understand some of the particulars of public library operations.

If you ever have any questions regarding library finances, please contact a board member or the director.

 

Monthly financials
Monthly financials will be posted on the website following board approval at each monthly meeting.  The board and director go over the prior month's financials at the meeting, so we are always a month behind.

 

Yearly financials

2024 VCBC Public Library Budget.pdf
  • Approved by the library board December 21, 2023.
    If you have questions, please contact the director or a board member.
2023 Budget income and expenditures
  •  Approved by the library board December 22, 2022.
    If you have questions, please contact the director or a board member.
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2022 budget income and expenditures
  • Approved by the library board December 16, 2021.
    If you have questions, please contact the director or a board member.
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2021 budget income and expenditures
  • Approved by the board December 17, 2020
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2020 budget review

 

A yearly budget is a guide to assist the library board, director, and staff to effectively spend the tax monies allocated for library operations.

In March of every year the library board reviews the previous year's financials to compare the actual income and expenditures against the budget.

Currently all library income and expenditures, including capital improvements, go through the general operating account. As part of the annual review, the board may decide it is necessary to utilize funds in savings to offset the costs of capital projects and similar. Those monies are put as income and are recorded as "transfer from savings". This would be done to "balance" the budget rather than show a large expenditure overage.

NOTE: Financial documents from 2023 and the following are attached to each meeting on the meeting calendar. Documents for previous years can be found in the archives.