Page last updated on April 13, 2017

Budgeting Schedule

The Lassen Library District fiscal year runs from July 1 to June 30.
The budgetary schedule of events is as follows:

April The long range plan is reviewed and revised as necessary.
Current year accomplishments are compared to those planned and uncompleted goals are continued to the next year.
Preliminary budget is developed.
May Preliminary budget is submitted to Board of Library Trustees for a first reading.
June Final budget is presented to Board of Library Trustees for approval.
Current fiscal year ends June 30
July New fiscal year begins July 1.
January Mid-year review of the budget is conducted.


The Fiscal Year 2016 - 2017 Budget

At its June 16, 2016 meeting the Board of Library Trustees approved the District's operating budget for the fiscal year ending June 30, 2017 and at its January 19, 2017 meeting it approved a mid-year modification to the budget. 

The following tables and charts depict the composition of the FY 2016 - 2017 Mid-Year Operating Budget.
Click Here (PDF) for the budget document which provides a detailed description of the FY2016-2017 Mid-Year Budget.  

FY1617BdgGph

 

 

Long Term Budgetary Trend

The following chart depicts the actual audited income and expense figures at the end of each fiscal year since the District commenced operations in 1995 plus the planned budgeted income and expense figures for the current fiscal year. With the exception of the early years when funds were available to acquire, remodel and outfit the library's new building, the District has experienced declining income levels, and associated declining levels of expenditures. The trend for the last ten years has been essentially flat, although the 2012 and 2013 budgets show the effects of the fiscal distress the state of California and the Library District are routinely under. The current year increases are attributable to grants obtained to re-establish a literacy program at the library.

2017trend

 

Anuual Audits of Financial Condition

The District's financial records are audited each after the close of the fiscal year.  Links to the last four years' audits follow:

FY 2013, ending June 30, 2013
FY 2014, ending June 30, 2014
FY 2015, ending June 30, 2015
FY 2016, ending June 30, 2016

 

District Appropriation Limits

Proposition 4, passed in November 1979 and commonly known as the Gann Spending Limitation Initiative, established Article XIIIB of the California State Constitution which mandates an appropriations (spending) limit on the amount of tax proceeds that most local government jurisdictions may appropriate within a fiscal year. Charges for services, fees, grants, loans, donations and other non-tax proceeds are excluded. The initiative was later modified by Proposition 98 in 1988, which requires the return of tax revenues exceeding appropriation limit levels to citizens through a process of refunds, rebates, or other means, and Proposition 111 in 1990, which allows more flexibility in the appropriation calculation factors.
The appropriations limit is based on in-District population and California state per capita income data provided by the State of California Finance Department.

The following chart depicts the Gann Appropriation Limit calculations for the District from its formation to the current fiscal year.

Prop4Table17

 

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