CUTPL Monthly Financial Summary

CUTPL Monthly Financial Summary How much money does the library have in the bank?

January 2015

$728,048 total in all bank accounts -$9,347 change from one year ago 760 750

How does it compare with prior years?

Thousands $

740 730 720 710 700 690 2011

Typically occurs in June and December

2/17/15 2:16 PM

2015

Thousands $

340 330 320 310 300 290 280 270 260 2011

Are there adequate monies in the Operating and Debt Services Funds until the next property tax distribution?

2014

-$16,449 change from one year ago $0 in Contingency funds spent this year

The library depends on these funds to pay for equipment, improvements, major repairs, etc.

Which funds are available for contingency spending?

2013

$311,580 in Contingency funds

How much money is available for contingency spending?

These funds are very difficult to replenish. New monies are from Operating Fund transfers and interest.

2012

LIRF

2012

2013

2014

2015

$78,486

Humbert Gift

$129,747

Rainy Day

$103,347

Operating Fund Current Balance

$284,772

Funds Required

$202,279

Debt Services Fund Current Balance

$100,002

Funds Required

$99,500

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CUTPL Monthly Financial Summary

Is spending within the DLGF approved appropriations?

January 2015

Operating Fund Appropriation

$558,012

YTD Spending

$46,359

LIRF Appropriation

$40,000

YTD Spending

$0

Debt Services Fund Appropriation

$199,000

YTD Spending

$0

Rainy Day Fund Appropriation

$40,000

YTD Spending

$0

YTD Receipts

Operating Fund Projections Actual

$13,773

Projection

$13,657 Receipts $116 higher than projected

How do actual Operating Fund receipts and spending compare to projections?

YTD Spending Actual

$46,359

Projection

$52,381 Spending $6,022 lower than projected

YTD Materials Spending

Materials Spending Actual

$1,833

Projection

$2,835 Spending $1,002 lower than projected

YTD Materials Spending Breakdown What materials are being purchased?

Databases & Software Books

$496

Periodicals

$311

DVDs, CDs, Audio, etc The Indiana State Library (ISL) requires a minimum of 7.5% of Operating Funds to be spent annually for materials available to patrons.

2/17/15 2:16 PM

$0

$1,026

Materials as % of Operating Fund ISL Minimum

7.5%

Actual

4.0%

Projection

5.4%

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CUTPL Monthly Financial Summary January

RECEIPTS

TOTALS

$ $ $ $ $ $ $ $ $ $ $ $ $

$

EXPENDITURES

TOTALS

2/17/15 2:16 PM

Year-to-Date

Projected

Levy Excess General Property Tax Financial Institution Tax Auto & Aircraft Excise Tax CAGIT Cert Shares CAGIT PTRC CVET Photocopy Fees Fines and Fees Interest Earned Reimbursement Refunds Misc Receipts

Salary of Librarian Salary of Assistants Salary of Janitor Employee Benefits Office Supplies Operating Supplies R&M Supplies Other Supplies Prof Svcs Misc Prof Svcs Materials Printing & Adv Insurance Utilities Repairs & Maint Rentals Dues Comm & Trans Furniture & Equip Books Periodicals & News Nonprinted Matls

January 2015

10,164 2,535 275 533 150 -

Actual

$ $ $ $ $ $ $ $ $ $ $ $ $

13,657 $ Projected

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

$

5,314 26,426 7,151 200 260 150 2,562 10 4,286 2,205 5 682 300 1,600 125 1,110

10,164 2,535 112 841 121 -

Difference

$ $ $ $ $ $ $ $ $ $ $ $ $

52,386 $

(163) 308 (29) -

13,773 $ Actual

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

5,280 24,623 6,749 39 291 169 2,259 3,399 1,172 20 449 76 496 311 1,026

√?

$ $ $ $ $ $ $ $ $ $ $ $ $

116 Difference

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

46,359 $

(34) (1,803) (402) (161) 31 19 (303) (10) (887) (1,033) 15 (233) (224) (1,104) 186 (84)

(6,027)

Projected

$ √?

10,164 2,535 275 533 150 -

Actual

$ $ $ $ $ $ $ $ $ $ $ $ $

13,657 $

10,164 2,535 112 841 121 -

13,773

Projected

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

$

5,314 26,426 7,151 200 260 150 2,562 10 4,286 2,205 5 682 300 1,600 125 1,110

Actual

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

52,386 $

% 0.0% 0.0% 0.0% 0.0% 73.8% 18.4% 0.0% 0.8% 6.1% 0.9% 0.0% 0.0% 0.0% 100.0%

$ $ $ $ $ $ $ $ $ $ $ $ $

(163) 308 (29) -

$

116

%

5,280 24,623 6,749 39 291 169 2,259 3,399 1,172 20 449 76 496 311 1,026

11.4%

46,359

100.0%

53.1% 0.0% 14.6% 0.1% 0.6% 0.0% 0.4% 4.9% 0.0% 0.0% 0.0% 7.3% 2.5% 0.0% 0.0% 1.0% 0.2% 1.1% 0.7% 2.2%

Difference is at least $250 more favorable than projection

… at least $3000 more favorable …

Difference is within $250 of projection

… within $3000 …

Difference is at least $250 less favorable than projection

… at least $3000 less favorable …

OPERATING FUND

Difference

green = favorable red = unfavorable

Difference

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

(34) (1,803) (402) (161) 31 19 (303) (10) (887) (1,033) 15 (233) (224) (1,104) 186 (84)

$

(6,027)

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