Budget & Financials
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 2023 - 2024 Budget
At its July 20, 2023 meeting the Board of Library Trustees approved the District's initial operating budget for the fiscal year ending June 30, 2024.
The Fiscal Year 2023-2024 Operating Budget (
) document contains a detailed description of all income and expense items in the budget. The following tables and charts summarize those items.
Annual Audits of Financial Condition
The District's financial records are audited by a certified public accountant each year after the close of the fiscal year. Links to the last five years' audits follow:
FY 2018, ending June 30, 2018 ()
FY 2019, ending June 30, 2019 ()
FY 2020, ending June 30, 2020 ()
FY 2021, ending June 30, 2021 ()
FY 2022, ending June 30, 2022 ()
FY 2023, ending June 30, 2023 ()
Annual District Financial Data Report
The Library District submits an annual financial data report to the California State Controller's Office. Go to the Local Government Financial Data web site, select Special Districts, then search for Lassen Library District to view our reports.
Statement of District Appropriation Limits
The California State Constitution mandates a limit on the amount of tax proceeds that most local government jurisdictions may spend (appropriate) within a fiscal year. Charges for services, fees, grants, loans, donations and other non-tax proceeds are excluded. The mandate also requires the return of tax revenues that exceed the appropriation limit to citizens through a process of refunds, rebates, or other means. A 1990 modification to the mandate allows more flexibility in the appropriation calculation factors.
The appropriations limit is based on the annual changes of population within the local government's jurisdictional boundaries and the annual change in the California state per capita income as provided by the State of California Finance Department in January of each year.
The fiscal year 2022-2023 appropriation limit for the Lassen Library District is $506,128. This is well above the $112,010 in tax revenues the Library District expects to receive this fiscal year. Thus the Appropriation Limit mandate is not applicable to the Library District.