Budget Planning 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.
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| 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
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| July |
New fiscal year begins July 1. |
| January |
Mid-year review of the budget is conducted. |
The Fiscal Year 2008 - 2009 Budget
At the beginning of the year the Board of Library Trustees approved an operating budget that was expected to be about $2,717 in deficit. The majority of the excess in spending over income is due to expected expenses for an election initiative to raise the library's special tax assessment. As is the practice with all initial budgets this budget assumes worst case situations for utilities, payroll and other expenses which a dependent on the weather and economic factors beyond our control. Mid-year budget revisions usually present a more accurate assessment of the end-of-year budget situation.
The following tables and charts depict the composition of the FY 2008 - 2009 Operating Budget as it was approved in July 2008.
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. 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 six years has been essentially flat.
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