HomeMy WebLinkAboutEVLD 2025 Budget (2)v EAGLE VALLEY
A*�� LIBRARY DISTRICT
January 29, 2025
Division of Local Government
Via: State Web Portal
RE: Eagle Valley Library District
LGID #19052
Attached is the 2025 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 21, 2024.
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; (0.00) mills for Temporary Tax Credit/Mill Levy
Reduction for all general operating purposes; 0.00 mills for G.O. bonds; and (0.00) mills for Temporary Tax
Credit/Mill Levy Reduction for G.O. bonds. Based on an assessed valuation of $2,984,201,890, the total
property tax revenue is $8,245,349.82. 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 business@evld.or�
Enclosure(s)
EAGLE VALLEY LIBRARY DISTRICT
BUDGET MESSAGE AND BUDGET STRATEGY
2025 BUDGET
The District's budget provides for a continuation 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 mills (adjusted for changes in the residential assessment rate
under the Gallagher constitutional amendment 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 OF EAGLE VALLEY LIBRARY DISTRICT
TO ADOPT 2025 BUDGET
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 2025 AND ENDING ON THE LAST DAY OF DECEMBER 2025.
WHEREAS, the Board of Trustees of the Eagle Valley Library District has requested library staff
to prepare and submit a proposed 2025 budget at the proper time; and
WHEAREAS, such staff have submitted 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 September 26, 2024 and continued to November 21, 2024. Interested taxpayers were
given the opportunity to file or register any objections to said proposed budget; and;
WHEREAS, whatever increases may 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 RESOLVED by the Board of Trustees of the Eagle Valley Library
District, Eagle County, Colorado:
Section 1. That the budget as submitted, amended, and summarized by fund, hereby is
approved and adopted as the budget of the Eagle Valley Library District for the
year stated above.
Section 2. That the budget hereby approved and adopted shall be certified by any officer or
the District accountant of the District and made a part of the public records of the
District.
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Page 1 of 5
RESOLUTIONS OF EAGLE VALLEY LIBRARY DISTRICT CONTINUED
TO SET MILL LEVIES
A RESOLUTION LEVYING PROPERTY TAXES FOR THE YEAR 2025, TO HELP DEFRAY
THE COSTS OF GOVERNMENT FOR THE EAGLE VALLEY LIBRARY DISTRICT, EAGLE
COUNTY, COLORADO, FOR THE 2025 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 September 26, 2024 and
continued to November 21, 2024 and;
WHEREAS, the amount of money necessary to balance the budget for general operating expenses
and capital expenditure purposes from property tax revenue is $8,243,925.91, and;
WHEREAS, the Eagle Valley Library 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 money 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 2024 preliminary valuation for assessment for the Eagle Valley Library District,
as certified by the County Assessor is $2,983,686,540.
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 of meeting all general operating expenses of the Eagle Valley
Library District during the 2025 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 2024.
Section 2. That for the purposes of rendering a refund to constituents during budget year 2025
there is hereby levied a temporary tax credit/mill levy reduction of 0.00 mills.
Section 3. That for the purpose of meeting all capital expenditures of the Eagle Valley Library
District during the 2025 budget year, there is hereby levied a tax of 0.000 mills
upon each dollar of the total valuation for assessment of all taxable property within
the District for the year 2024.
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Page 2 of 5
RESOLUTIONS OF EAGLE VALLEY LIBRARY DISTRICT ( CONTINUED )
TO SET MILL LEVIES (CONTINUED)
Section 4. That for the purpose of meeting all payments for bonds and interest of the Eagle
Valley Library District during the 2025 budget year, there is hereby levied a tax of
0.000 mills upon each dollar of the total valuation for assessment of all taxable
property within the District for the year 2024.
Section 5. That any officer or the District accountant is hereby authorized and directed to
either immediately certify to the County Commissioners of Eagle County,
Colorado, the mill levies for the Eagle Valley Library District as hereinabove
determined and set, or be authorized and directed to certify to the County
Commissioners of Eagle County, Colorado, the mill levies for the Eagle Valley
Library District as hereinabove determined and set based upon the final (December)
certification of valuation from the county assessor.
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Page 3 of 5
RESOLUTIONS OF EAGLE VALLEY LIBRARY DISTRICT (CONTINUED)
TO APPROPRIATE SUMS OF MONEY
(PURSUANT 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 VALLEY LIBRARY DISTRICT, EAGLE COUNTY,
COLORADO, FOR THE 2025 BUDGET YEAR.
WHEREAS, the Board of Trustees has adopted the annual budget in accordance with the Local
Government Budget Law, on September 26, 2024 and continued to November 21, 2024, and;
WHEREAS, the Board of Trustees has made provision therein for revenues in an amount equal or
greater to the total proposed expenditures 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 RESOLVED 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 purposes stated:
GENERAL FUND:
Current Operating Expenses $6,507,615
Debt Service Expenditures $0
Capital Outlay $817,166
TOTAL GENERAL FUND: $7,324,824
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Page 4 of 5
_ RESOLUTIONS OF EAGLE VALLEY LIBRARY DISTRICT CONTINUED
TO ADOPT 2025 BUDGET, SET MILL LEVIES AND
APPROPRIATE SUMS OF MONEY
(CONTINUED)
The above resolutions to adopt the 2025 budget, set the mill levies, and to appropriate sums of
money were adopted this 21th day of November, 2024.
Attest:
Title:
Page 5 of 5
94 County Tax entity code
DOLALGID/SID 19052/1
CERTIFICATION OF TAX LEVIES for NON -SCHOOL Governments
TO: County Commissioners) of Eagle County , Colorado.
On behalf of the Eagle Valley Library District
(taxing entity)
the Board of Trustees
(governing body) -
of the Eagle Valley Library District
(local government)
Hereby officially certifies the following mills to
be levied against the taxing entity's GROSS $ 3,035,923,850
assessed valuation of: (Grosso assessed valuation, Line 2 of the Certification of Valuation From DLG 57E)
Note: If the assessor certified a NET assessed valuation
(AV) different than the GROSS AV due to a Tax Increment
Financing (TIF) Area the tax levies must be calculated using $ 2,983,686,540
the NET AV. The taxing entity's total property tax revenue (NETc 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: 1211312024 for budgetifiscal year 2025
(not later than Dec 15) (mm/dd/yyyy) (yyyy)
PURPOSE (see end notes for definitions and examples)
LEVY
REVENUE
1. General Operating ExpensesH
2.763
mills
$ 8,243,925.91
2 <Minus> Temporary General Property Tax
Credit/ Temporary Mill Levy Rate Reduction
0.000
mills
$ -
SUBTOTAL FOR GENERAL OPERATING: 2.763 mills
$ 8,243,925.91
3. General Obligation Bonds and Interest)
0.000
mills
$ -
4. Contractual ObligationsK
0.000
mills
$ -
5. Capital ExpendituresL
0.000
mills
$ -
6. Refunds/AbatementsM
0.000
mills
$ -
7. Other (specify):
0.000
mills
$ -
0.000
mills
$ -
Sum of Gcneral Operating
TOTAL: Subtotal and Lines 3 to 7
mills
2.763
$ 8,243,925.91
Contact person:
Daytime
(print) Anne Clarke
phone:
(970) 328-8803
Signed: m,CWLt,
Title:
Business/HR Manager
Include one copy of this tax entity's completed form when filing the local government's budget by January 31st, per 29-1-113 C.R.S. with the Division of Local Government
(DLG), Room 521, 1313 Sherman Street, Denver, Colorado 80203. Questions? Call DLG (303) 864-7720.
1 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, Section 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 I of 2
CERTIFICATION OF TAX LEVIES, continued
THIS SECTION APPLIES TO TITLE 32 ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXES
FOR PAYMENT OF GENERAL OBLIGATION DEBT (32-1-603 C.R.S.). Taxing entities that are
Special Districts or Subdistricts of Special Districts must certify separate mill levies and revenue to the
3oard of County Commissioners, one each for the funding requirements of each debt (32-1-603, C.R.S.)
Use additional pages as necessary. The Special District's or Subdistrict's total levies for general obligation
bonds and total levies for contractual obligations should be recorded on Page 1, Lines 3 and 4 respectively.
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
BONDS:
1. Purpose of Issue: N/A
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
2. Purpose of Issue:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
CONTRACTSK:
3. Purpose of Contract: N/A
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 necessary to separately report all bond and contractual obligations per 32-1-1603, C.R.S.
Form DLG 70 (rev 6/ 16) Page 2 of 2
Ea Ig a Valley Library District _
Statement of Revenues, Expenditures,and Changes in Fund Balance
Actual, Budget and Forecast for the Periods Indicated
10/31 /2024
mfnancials
Valuation
Mill Levy
Temp Mill Levy Credit
Net Mill Levy
Revenues
Property Taxes
Temporary Property Tax Credit
Net Property Tax collection
Backfill "SB22-238"
Specific Ownership Taxes
Item replacement fees, fines
Other Income
Event Income
Grant Income -State of CO
Grant Income -Other
Donations (Alpine Bank)
Investment, delinquent tax interest income
Total Revenue
Expenditures
Wages, Salaries
$
Medicare
Retirement contribution
WorkerCom , Unemployment, Wellness
Health/Disability insurance
Urgent housing fund
New Request'24 INTERN MLIS candidate
New Request'24 Bookmobile labor w/ben.
New Personnel Requests'25 w/ben.
Total Personnel
j
I
Office supplies, PPE
SparkStudio supplies+durable goods
Circulation/Catalog supplies
ACTUAL FORECAST Adopted Budget
2023 2024 2025
$
$
$
2,035,393,300
5,626,042
-
2,984,201,890
2.763
8,171,364
(2,513,811)
2.763
$ 8,245,350
0.00
$ 8,245,349.82
-
320,000
91000
5,626,042
$ 5,657,553
337,662
310,000
-
327,204
12,400
76,651
2,296
14,313
1,682
10,000
444,567
9,000
15,000
15,000
3,500
14,069
-
500,000
9,106,919
1,940
14,108
3,125
-
500,000
6,848,388
6,515,155
2,122,982 $ 2,312,515 $
30,757 $ 33,531
209,330 $ 231,252
24,278 $ 24,822
439,866 $ 503,962
18,300 $ 50,000
$ 3,700
$ 15,000
2,845,513 3,174,782
15,945 $ 30,000 $
198 $ 5,000
9,480 $ 10,000 _
3.329 $ 3.500
_Branch Office, Janitorial expenses
Programming -Children
Programming -Young adult
Programming -Adult
Programming -district
Historical
Marketing
Director discretionary expenses
FF&E (<$5,000)
Computer hardware
Total Supplies
Books -adult
Books --adult Spanish
Books -children
Books -children Spanish
Books -vounc adult
14,110
27,606
8,029
11,553
15,924
9,966
94,084
21,680
14,963
16,782
293,436
$ 123,577
3,568
66,993
7,703
31,132_
$ 20,000
$ 21,650
$ 11,500
_
$ 16,500
$ 10,000
$ 12,150
$ 85,000
$ 25,000
$ 20,425
$ 20,000
320,725
$ 1.69,7_00_
$
$ 5,000
$ 83,500
$ 8,000
$ 31,35_0
Reference, Periodicals
Standing orders
27,869
19,800
$ 38,000
$ 141000
_
Digital resources
AudioVisual -adult
I 171,069_
47,130
$ 151,850
$ 71,300
AudioVsual -children
AudioVisual -young adult
Library of Things
Computer software
Grant -funded expense -State of CO
Gran funded expense -other
Literacy Project grant
Total Library Materials
Telecommunication
Gas
Electricity
Sewer/Water/Trash _
Total Utilities
21,621
6,741
6,633
41,823
14,664
2,167
135,000
727,489 1
$ 46,841_
26,962
50.899
_ 23,143
147,846
$ 21,000
$ 11,550
$8,600
$_ 45,000
$ 14,108
$
$ 135,000
807,958
$ 42.000
$ 36,050
$ 50,000
$ 20,000
148,050
$_
671,167
38,732
267,117
30,239
578,962
50,000
123,791
1
14,000
4,000
20,000
18,000
21,650
11,000
16,500
15,000
12,150
30,000
20,000
310,300
150,000
5,000
76,000
7,500
28,350
38,000
14,000
20,000
11,550
8,100_
45,000
14,069
135,000
779.419
30,000
50,000
Printed On: 1/13/2025
Eagle Valley Library District
Statement of Revenues, Expenditures,and Changes in Fund Balance_
Actual, Budget and Forecast for the Periods Indicated
10131 /2024
ACTUAL FORECAST Adopted Budget
Preliminary Financials 2023 2024 2025
Courier, Post $
Circulation/Catalog services
Professional Dues, Memberships
Business Trips, Training_
District Transportation
Accountina. Audit. Consultant. HRIS
Publication Services
Website services
Facility R&M
Facility Contracted Exr�enses
Contract -Special Services ECHS)
Facilities Masterplan
Bookmobile operating
31,035
$
34,000 1 $ 35 OCC:
214,616
$
Z56,66-7-1
266,629
7,735
$
8,000
8,000
7,630
$
45,0001
45,000
5,2_60
$
5,000
5,000
62,422
$
65,000
75,000
10,353
$
10,000 _
15,000
1,118
$
_ 1,000
1,000
40,875
$
62,950
62,950
96,609
_$
_80,000
80,000
212,215
$
260,000
260,000
1,500
$
1,500
2,000
-
$
126,000
-
-
$
167.500
206,01
691, 3 6 9
IJ22,647
1,055, 579
Insurance -Facilities $ 46,837
Insurance -Caber
EagleCty Treas Fee on PropTax (3%) 169.026
Contingency -
Total Operating Expenditures
-Before Capital $ 4,921,615
Surplus / (DeficitL-Operating _ $ 1,593,640
Capital Expenditures
AVON
Security_Cameras; Breakroom flooring $ 12,295
Interior Paint 0
Strategic Plan- ItemHolds lockbox 10,350
_StrategicPlan -Welcoming Facilities children accessible service
Microfische replacement 0
Elevator replacement 0
$
49,179
$
53,755
1,238
247,360
150,000
$ 1,125
$ 184,183
150,000
$ 5,958,649_
_$
$
6,507,658
2,599,261
$ 889,739
29,000
15,000
_
15,000
30,000
91,249_
-
30,000
8,025
_
Capital Expenditures Avon Unallocated
SubTotal AVON
1
0
22.645
8 2. 025
136.249
EAGLE _ _ _
Historical Archives shelving 46,911
Copier 3,995
StrategicPlan -Welcoming Facilities children accessible service
Paint -Exterior trim work
Strategic Plan Pocket Park Gazebo 0
Capital Expenditures Eagle Unallocated 0
SubTotal EAGLE 1 50.906 1
_
30,000
30,000
5,000
75,000
0
-
35.000
1 105.000
GYPSUM
Signage -Monument support posts
15,810
_
Interior Paint
0
26,525
ghtin
Lighting LED
_
___ 43,820 _
_
12,380
Strategic Plan Initiatives (ItemHolds lockbox) 10,620
Capital Expenditures Gypsum Unallocated
0
-
0
SubTotal GYPSUM
15,810
80,965
12,380
ENTITY -WIDE TECH, VEHICLES
Strategic Plan Initiatives (Vendinq__Machine
-
400,000
Bookmobile
205,352
205,000
0
Desktop computers
0
163,537
Capital Expenditures Entity -Wide Unallocated
0
_
SubTotal ENTITY -WIDE
205,352
205,000
663,537
$ 817,166
Total Capital
$ 294,713
$ 402,990
$ 1,782,094
Surplus I (Deficit) -After Capital
$ 1,298, 128
$ 486,749
11,516,339
Fund Balance - January 1 _ $ 9,730,662 11,029.690
Fund Balance - December 31
11,029,590
11,516,339
13,298,434
Components of Fund Balance:
Restricted for Emergency
$ 175,000
$ 175,000
$ 175,000
Nonspendable
20,000
20,000
2,000,000
_20,000
Assigned for Working Capital 2,000,000 2,000,000
Assigned for Replacement Reserve
3,861,774
3,861,774
3,861,774
7,241,660
Assigned for Library Expansion 4,972,816 5,459,565
Unassigned
Total
11,029,590
11,516,339
13,298,434
Printed On: 1/13/2025
