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HomeMy WebLinkAboutLib Sp. Library Parcel Tax Report1 11 MEN' 111111111111111111111l :111m2p9i li-alk III I LW � !1111! 1 11�11 �i The Committee's sole function shall be to review expenditures of the revenues from the Special Library Services Parcel Tax adopted by Measure C on June 8, 2010 to ensure the monies have been expended in accordance with the authorized purposes of Measure C. Towards this end the Committee has reviewed the Library Budget for 2012/2013, and the budget for 2013/2014. The Committee believes that the actual expenditures for 2012/2013 were in accordance with Measure C. An addition to the capital set aside is not on the 2013/2014 budget following a smaller addition of $46,195 in 2012/2013 which brought the cumulative capital set aside to $541,195. The Committee feels that this is the appropriate procedure in the current economic environment. Another task of the Committee is to ensure that the Library maintains its share of the City's General Fund. The committee concluded, in accordance with the intent of the resolution, the Library continues to maintain its appropriate share. The text of Measure C states that "the parcel tax would augment the capacity of the City of San Rafael to provide quality library services to its residents, over and above the prop Ortional amount of the City )s general fund currently allocated to the Library." This was to ensure that the City would not cut general funds to the Library because there was another source of funds. The City Attorney has ruled that the proportion refers to the 2009-10 Fiscal Year, the year in which the measure was written and sent to the voters. The Library's share of the 2009-10 General Fund Actual Expenditures was 4.41 %. However, in years of Fiscal Year deficit, the Committee determined that the best methodology to determine ti proportionality" is to calculate the percent of the Fiscal Year Deficit that was ameliorated by Library cuts. Through the last three fiscal years, the Library's share of the deficits (excluding value of furloughs and compensation reductions) was 2.76%, less than its share of the General Fund. For FY 2013/2014, the -Library's share of the General Fund Budget is 4.27%. However, including provisions for planned facilities maintenance, the Library's share will be closer t* 4.7%.