HomeMy WebLinkAbout2022 Budget,sec
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January 28, 2022
Division of Local Government
Via: State Web Portal
RE: Eagle Valley Library District
LGID #19052
EAG"'LE VALLEY
rrr -
RARY DISTRICT
Attached is the 2022 Budget for the Eagle Valley Library District in Eagle County, Colorado, submitted
pursuant to Section 29-1-113, C.R.S. This Budget was adopted on November 18, 2021. If there are any
questions on the budget, please contact Anne Clarke.
The mill levy certified to the County Commissioners of Eagle County is 2.763 mills for all general operating
purposes, subject to statutory and/or TABOR limitations; (0.0) mills for Temporary Tax Credit/Mill Levy
Reduction for all general operating purposes; 0.000 mills for G.O. bonds; and (0.0) mills for Temporary Tax
Credit/Mill Levy Reduction for G.O. bonds. Based on an assessed valuation of $2,043,243,060, the total
property tax revenue is $5,645,480. A copy of the certification of mill levies sent to the County
Commissioners for Eagle County is enclosed.
I hereby certify that the enclosed is a true and accurate copy of the budget and certification of tax levies
to the Board of County Commissioners of Eagle County, Colorado.
Sincerely,
Anne Clarke
Business Manager
P.O. Box 240 Eagle, CO 81631
(970) 328-8803 aclarke@evld.org
Enclosure(s)
EAGLE YALLEY LIBRARY DISTRICT
BUDGET MESSAGE AND BUDGET STRATEGY
2022 BUDGET
The District's Budget provides fora ontinuation of the District's policy of providing high
quality library services for residents and visitors within the District's boundaries. The District's
Board of Trustees budget priorities are: Staffing, Facilities, Technology, Programming,
Collections, and Marketing. These core priorities used during the budget process have assisted
the board in making decisions that better serve the communities within the District.
The District's primary source of revenue continues to be property taxes generated by the
District's voter approved 2.763 mill (adjusted for changes in the residential assessment rate
under the Gallagher constitutional aniendment pursuant to voter authorization received in 2019).
The District defeased all of its general obligation bonds during 2010 and takes pride in being
able to remain "debt free".
The District has accumulated reserve balances which are set aside for capital equipment
replacements and facility expansions. The District's first priority of reserves is replacement of
existing facilities and equipment. The District's second priority of reserves is to accumulate
funds for future library expansion, enabling the District to better serve the needs of its
constituents
The following budget is prepared on the modified accrual basis of accounting, which is
consistent with the basis of accounting used in presenting the District's financial statements.
RESOLUTIONS OFF EAGLE VALLEY LIBRARY DISTRICT
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE EAGLE VALLEY LIBRARY DISTRICT,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY 2022 AND ENDING ON THE LAST DAY OF DECEMBER 2022.
WHEREAS, the Board of Trustees of the Eagle Valley Library District has requested library staff
to prepare and submit a proposed 20 2 budget at the proper time; and
WHEAREAS, such staff have subm tted a proposed budget to this governing body at the proper
time, for its consideration, and;
WHEREAS, upon due and proper notice, published or posted in accordance with the law, said
proposed budget was open for inspection by the public at a designated place, and a public hearing
was held on November 18, 2021. Interested taxpayers were given the opportunity to file or register
any objections to said proposed budget; and;
WHEREAS, whatever increases m have been made in the expenditures, like increases were
added to the revenues or planned to be expended from reserves/fund balances so that the budget
remains in balance, as required by law.
NOW, THEREFORE, BE IT RESO$ VED by the Board of Trustees of the Eagle Valley Library
District, Eagle County, Colorado:
Section 1. That the budget as
approved and adopte
year stated above.
Section 2. That the budget
the District accc
District.
(THE REMAINDER OF
ibmitted, amended, and summarized by fund, hereby is
as the budget of the Eagle Valley Library District for the
approved and adopted shall be certified by any officer or
of the District and made a part of the public records of the
PAGE INTENTIONALLY LEFT BLANK)
Page 1 of 5
RESOLUTIONS OF EAGLE VALLEY
A RESOLUTION LEVYING PROP RTY TAXES FOR THE YEAR 2022, TO HELP DEFRAY
THE COSTS OF GOVERNMENT F DR THE EAGLE VALLEY LIBRARY DISTRICT, EAGLE
COUNTY, COLORADO, FOR THE 2O22 BUDGET YEAR.
WHEREAS, the Board of Trustees of the Eagle Valley Library District, has adopted the annual
budget in accordance with the Local Government Budget Law, on November 18, 2021 and;
WHEREAS, the amount of money n cessary to balance the budget for general operating expenses
and capital expenditure purposes from property tax revenue is $5,645,480.57, and;
WHEREAS, the Eagle Valley Libr ry District finds that it is required to temporarily lower the
general operating mill levy to render a refund for $0.00, and;
WHEREAS, the amount of mono necessary to balance the budget for capital expenditure
purposes from property tax revenue approved by voters or at public hearing is $0.00, and;
WHEREAS, the amount of money necessary to balance the budget for voter approved bonds and
interest is $0.00, and;
WHEREAS, the 2021 preliminary valuation for assessment for the Eagle Valley Library District,
as certified by the County Assessor i $2,043,243,060.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the EAGLE VALLEY
LIBRARY DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That for the purposes f meeting all general operating expenses of the Eagle Valley
Library District during the 2022 budget year, there is hereby levied a tax of 2.763
mills upon each dollar of the total valuation for assessment of all taxable property
within the District for the year 2021.
Section 2. That for the purposes f rendering a refund to constituents during budget year 2022
there is hereby levied a temporary tax credit/mill levy reduction of 0.000 mills.
Section 3. That for the purpose of meeting all capital expenditures of the Eagle Valley Library
District during the 2022 budget year, there is hereby levied a tax of 0.000 mills
upon each dollar oft e total valuation for assessment of all taxable property within
the District for the ve r 2021.
(THE REMAINDER OF CTHIS PAGE INTENTIONALLY LEFT BLANK)
Page 2 of 5
F EAGLE VALLEY LIBRARY DISTRICT
TO
'CONTINUED'
Section 4. That for the purpose f meeting all payments for bonds and interest of the Eagle
Valley Library District during the 2022 budget year, there is hereby levied a tax of
0.000 mills upon eac i dollar of the total valuation for assessment of all taxable
property within the D strict for the year 2021.
Section 5. That any officer or 1
either immediately
Colorado, the mill 1
determined and set,
Commissioners of E
Library District as he:
certification of valual
to District accountant is hereby authorized and directed to
ertify to the County Commissioners of Eagle County,
vies for the Eagle Valley Library District as hereinabove
or be authorized and directed to certify to the County
j,le County, Colorado, the mill levies for the Eagle Valley
�inabove determined and set based upon the final (December)
on from the county assessor.
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
Page 3 of 5
RESOL
LLEY LIBRARY DL'
:OPRIATE SUM.'
TO SECTION 29-1-108, C.R.S.)
A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND
SPENDING AGENCIES, IN THE AMOUNT AND FOR THE PURPOSE AS SET FORTH
BELOW, FOR THE EAGLE ALLEY LIBRARY DISTRICT, EAGLE COUNTY,
COLORADO, FOR THE 2022 BUDGET YEAR.
WHEREAS, the Board of Trustees has adopted the annual budget in accordance with the Local
Government Budget Law, on Nove ber 18, 2021, and;
WHEREAS, the Board of Trustees has made provision therein for revenues in an amount equal or
greater to the total proposed expendiores as set forth in said budget, and;
WHEREAS, it is not only required by law, but also necessary to appropriate the revenues and
reserves or fund balances provided in the budget to and for the purposes described below, thereby
establishing a limitation on expenditures for the operations of the District.
NOW, THEREFORE, BE IT RESO VED BY THE BOARD OF TRUSTEES OF THE EAGLE
VALLEY LIBRARY DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That the following sums are hereby appropriated from the revenues of each fund,
to each fund, for the 1 urposes stated:
GENERAL FUND:
Current Operating
Debt Service Expe
Capital Outlay
TOTAL G
(THE REMAINDER OF
FUND:
$5,289,344
$0
306 618
S5,595,962
S PAGE INTENTIONALLY LEFT BLANK)
Page 4of5
The a
mone,
Attest
Title:
ms of
94 County Tax entity code
DOLA LGID/SID 19052/1
CERTIFICATION OF TAX LEVIES for NON -SCHOOL Governments
TO: County Commissioners' of
On behalf of the Eaale Vallev Li
the Board of Trustees
of the Eaale Vallev Li
Hereby officially certifies the following mills to
be levied against the taxing entity's GROSS
assessed valuation of.
Note: If the assessor certified a NET assessed valuation
(AV) different than the GROSS AV due to a Tax Increment
Colorado.
(taxing cr
(governing
(local gover
(Grosso assessed valuation, Line 2 of the Certification of Valuation From DLG 57E)
Financing (TIF) Area the tax levies must be calculated using $ 2,043,243,060
the NET AV. The taxing entity's total property tax revenue (NETo assessed valuation, Line 4 of the Certification of Valuation Form DLG 57)
will be derived from the mill levy multiplied against the NET USE VALUE FROM FINAL CERTIFICATION OF VALUATION PROVIDED BY ASSESSOR NO LATER
assessed valuation of: THAN DECEMBER 10
Submitted: 121812021 for budget/fiscal year 2022
(not later than Dec 15) (mm/dd/yyyy) (yyyy)
PURPOSE (sec end notes for definitions and examples) LEVY REVENUE
1. General Operating Expenses
2 <Minus> Temporary General Property Tax
Credit/ Temporary Mill Levy Rate Reduction'
3
4
5
6
7
SUBTOTAL FOR G
2.763 mills $ 5,645,480.57
(0.000) mills $ -
OPERATING: 2.763 mills $ 5,645,480.57
General Obligation Bonds and Interest
0.000
mills
$ -
Contractual ObligationsK
0.000
mills
$ -
Capital Expenditures
0.000
mills
$ -
Refunds/AbatementsM
0.000
mills
$ -
OtherN (specify):
0.000
mills
$ -
0.000
mills
$ -
Sum of Gcncral Ope ating
TOTAL: I Subtotal and Lines to 7
2.763
mills
$ 5,645,480.57
Contact person:
(print)
Signed:
Anne Clarke
Daytime
phone: (970) 328-8803
Title: Business/HR Manager
Include one copy of this tax entity's completed form when filing the Ipcal government's budget by January 31st, per 29-1-113 C. R.S. with the Division of Local Government
(DLG). Room 521, 1313 Sherman Sweet, Denver, Colorado 80203. (Questions? Call DLG (303) 864-7720.
If the taxing entity's boundaries include more than one county, you must certify the levies to each county. Use a separate form for each county and certify
the same levies uniformly to each county per Article X, Secti n 3 of the Colorado Constitution.
2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation (Line 4 of Form DLG57 on the
County Assessor's FINAL certification of valuation).
Form DLG 70 (rev 6/16) Page 1 of 2
CERTIFIC
ON OF TAX LEVIES, continued
THIS SECTION APPLIES TO TITLE ?
FOR PAYMENT OF GENERAL OBLII
Special Districts or Subdistricts of Special
Board of County Commissioners, one each
Use additional pages as necessary. The Spi
bonds and total levies for contractual oblige
;, ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXI
ATION DEBT (32-1-603 C.R.S.). Taxing entities that are
iistricts must certify separate mill levies and revenue to the
br the funding requirements of each debt (32-1-603, C.R.S.)
;ial District's or Subdistrict's total levies for general obligation
:ions should be recorded on Page 1, Lines 3 and 4 respectively.
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
13ONDSJ:
1. Purpose of Issue:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
2. Purpose of Issue:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
CONTRACTS K:
3. Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
4. Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
Use multiple copies of this page as
Form DLG 70 (rev 6/16)
N/A
Printed On: 1/12/2022
Eagle Valley Library District
Statement of Revenues, Expend
Actual, Budget and Forecast for
itures,and Changes in Fund Balance
the Periods Indicated
Modified Accrual Basis
12/31 /2021
ACTUAL
--2020
FORECAST
2021
Approved Budget
- 2022
Assessed Valuation
--
1,947,850,990
2,043,243,060
--
Change
-
--- -
- 5%
Mill Levy
2.763
2.763
_ Temp Will Levy Credit
Net Mill Lev
_
2.763
2.763
Revenues
Property Taxes
$ 5,344,597
$ 5,378,305
$ 5,645,480.57
$
280,000
10,000
Temporary Property Tax Credit
Specific Ownership Taxes-
270,637
300,000
Fines
- -
9,279
10,000
Replacement material fees -adult
Replacement material fees -child
- -
1-,546-
------
--- 1,000
1,000
- - -- - -
1,000
415
1,000
Other Income ---
23,904
15,000
15,000
Event Income
-
3,300
-
Grant Income -State of CO
13,702
11,688
_
14,006
Grant Income -Other
18,719
4,750
12,426
Donations (Alpine Bank)
10,000
10,000
10,00_0
Foundation EVLF contribution
Investment Income
Delinquent Tax Interest Income
Total Revenue
104,130
4,452
-
65,000
5,300
-
50,000
-
5,801,381 5,802,043
6,042,213
$ 1,992,094
$ 2_,064,9_87
_
$ 2,199,970
- - -
Expenditures
Wages, Salaries
Medicare
28,634
29,942
31,900
_Retireme_nt contribution
_
199,210
206,499
_ _ 11,000
16,650
436,806
-
219,997
_ Workers Comp, Unemployment ins
_
ran
9,024
16,420
415,234
-
11,000
Wellness- program
16,650
Health/Disability insurance
_
465,451
50,000
*NEW* Urgent housing fund
Total Personnel
2,660,615
2,765,884
2,994,968
Office supplies
$ 13,612
166
13,623
11,846
2,192
2,544_
14,234
15,839
$ 17,000
$ 17,000
300
1,500
14,000
2,000
15,900
10,000
_ 21,500
10,000
SparkStudio Maker Space supplies
300
PPE -personal protective equip (C
VID
2,000
14,250
Circulation/Catalog_ supplies
Bank fees
2,000
Event expenses
_ _
Janitorial expenses
10,000
Programming -Children
18,500
Programming -Young adult
3,097
9,000
Programming -Adult
Programming -district
Programming - --
Historical
Marketing ___
Director discretionary expenses
FF&E (<$5,000)
9,248
14,000
16,500
15,000
12,150
_ _ 100,000
15,000
- 30,000
20,000
10,226
14,000
------ --- -
13,000
--
10,549
36,901
____60,000
15,000
30,000
33.000
8,400
32,165
- --
Computer hardware
-
14,706
Total Supplies
199,348 252,050
300,850
Books -adult
Books_ -adult Spanish_
$ 135,000
5,000
$ 150,000
5,000
$ 127,517
503
Books -children
Books -children Spanish
73,711
6,481
24,764
68,000
7,000
24,000
5,500
21,000
140,000
22,500
64,800
19,000
10,000
6,200
36,000
11,688
4,750
135,000
715,438
75,000
7,500
27,000
6,000
23,000
145,000
25,000
70,000
20,000
11,000_
6,500
35,000
14,006
12,426
135,000
767,432
Books -young adult
Reference materials
Standing orders
6,091
_ _ 26,748
126,951
23,605
62,779
14,483
9,415
3,833
28,848
13,875
8,041
135,000
692,643
Electronic resources (eBooks)
Periodicals
AudioVisual -adult
Audiovisual -children
AudioV_isu_al -young adult
Library of Things
Computer software
Grant -funded expense -State of C
Grant -funded expense -other
Literacy Project grant
Total Library Materials
Telecommunication
$ 41,779
19,030
45,632
18,685
$ 32,000
$ 32,960
25,750
50,000
18,000
Gas
25,000
50,000
16,000
Electricity
Sewer/Water/Trash
Total Utilities
125,127
1 123,000
126,710
Printed On: 1/12/2022
Eagle Valley Library District
Statement of Revenues, Expenclitures,andCha.ges
Actual, Budget and Forecast for
-
in Fund Balance
the Periods Indicated Modified Accrual Basis
- -
12I3112O21
- -
-
ACTUAL
FORECAS__T
Approved Budget
2020
2021
2022
Courier, Post
- - -
$ 24,398
$ 34,000
- -- -
226,600
8,000
25,000
5,500
$ 34,000
231,130
8,000
45,000
5,000
65,000
1.0,000
Circulation/Catalog services
Professional Dues, Memberships
Business Trips, Training
213,281
5,212
14,206
2,388
23,810
_ 4,080
District Transportation --
Accounting, Audit, Consultant, HRI
---- -
50,000
Legal
10,000
Publication Services
--
380
1,500
1,000
Facility R&M
_
- 62,898-
184,749
1,550
-
67,950
_
_ 62,000
277,100
3,000
_
- FacilityContracted Expenses
Contract - Special Services (ECHS
255,000_
3,000
Total Purchased Services
-_ 536,952
686,550
741,230
$ 43,999
-
160,470
---
-
-
Insurance -Facilities
-- - - -
EagleCtyTreasFeeonPropTax(3/)
-
Strategic Plan Initiatives _operating
Contingency -
$ 50,000
$ 41,000
169,364
-
97,790
50,000
-- -- -
161,349
25,050
Total Operating Expenditures
-Before Capital_
$ 4,419,154
$ 4,779,321
$ 5,289,344
Surplus / (Deficit) -Operating
$ 1,382,227 $ 1,022,722
$ 752,869
Capital Expenditures
Desktop computers, servers-_ it
Strategic Plan Initiatives -capital
_
_ 9,700
46,825
9,700
$ 181,730
$ 10,000
-
-wide)
Paint/Stain Exterior
_
HVAC equipment, web control
-- --- -
Copier -public __ _AV
Capital Expenditures ON _
56,525 9,700
$ 191,730
- -
-
_
$ 10,000
$ -
$ -
$ 35,000
$ 55,337
Secunty_Cameras
2,7 4
Heat Tape
-
EV Charging stations _
HVAC -VAV replacements
10,210
_ _9,667
10,000
HVAC -Chiller
10,693
7,880
_
Microfische replacement
_
Vehicle replacement
Nla pace upgrades
_
Capital Expenditures EAGLE
12,924 38,240
$ 100,337
3,268
4,388
$ 14,551
AV upgrad
_Shelving- Children DVD
Exterior Painting
-
Capital Expenditures GYPSUM
7,657
0
$ 14,551
sub
Capital Construction
:: Eagle Construction -Contract
Eagle Construction -other
_ subtotal
Total Capital -
Surplus / (Deficit) _After Capital -
total
-
-
77,105
47,940
306,618
_ 2_12,324
6,285
-
-
-
218,609
0
0
$ 295,714 $ 47,940
$ 306,618
$ 1,086,513 $ 974,782
$ 446,250
- 39,915
$ -
Other Financing (Uses)
_
Gain on sale of asset
Surplus (Deficit) after Other Financi
Sources & Uses
g
I
$ 1,086,513 $ 1,014,697
$ 446,250
$ 7,532,079
$ 8,546,776
-- -
Fund Balance_ January 1
--
-- -
6,445,566
-
Fund Balance_ --December 31
Components of Fund Balance:
7,532,079 8,546,776
8,993,026
$ 173,530
8,284
$ 175,000
20,000
2,000,000
$ 175,000
20,000
2,000,000
----
Restricted for Emergency - -
Nonspendable
_Assigned for Working Capital -
__ Assigned for Replacement Reserve_
Assigned for Library Expansion
Unassigned
- 2,000,000
----- ---
1,827,721 2,899,810
3,522,544 3,451,966
----
2,899,810
_
3,898,216
Total
$ 7,532,079 8,546,776
8,993,026
