The Grand County Library District
Grand County Libraries: linking people to boundless opportunities.
Mountain Libraries Elevate Minds
- A library is an asset for individuals and the community to connect with information and ideas.
- A library is a trusted source for enrichment and information literacy.
- A library is a space for all people to connect, to share, to explore ideas, and to stimulate discovery.
How is the library funded?
In 1994, voters approved a 2.41 mill levy to establish Grand County Library District. The library district has experienced declining revenues since 2011 with property values declining county wide. Based on the 2016 assessment being down another 3% from 2015, the district continues to streamline processes, further reduce spending, and set reserve limits all for the goal of achieving a balanced budget. In November, voters approved at .95 addition to the 2.41 mill levy to increase the total mill levy to 3.36 in an effort to reduce district debt by paying off the certificates of participation ten years early. The increase of .95 to the mill levy will expire in 2026 and the 2.41 mill levy will remain for operations.
The approved 2019 budget marks the Grand County Library District’s Silver Jubilee anniversary as it is the 25th budget to be adopted. This includes the special revenue fund established in 2017 for the Grand County Library Foundation. The Foundation’s board of directors has made a commitment of over $60,000 to be transferred to the district to aid retirement of building debt. The Friends of Grand County Library District once again made a $30,000 commitment in support of varied collections and district wide programming opportunities.
Grand County assessed values increased for the first time since 2011, slightly increasing revenues even with a reduction in the Residential Assessment Ratio. Operating expenditures have been increased by 7%, for a total operating budget of $1.7 million which includes vendor increases, additional staff support, and the continuation of Colorado Online High School. Thanks to our generous donors which made COHS a possibility through gifts received in 2018. Our first debt principal payment will be made in December totaling $1.2 million with use of reserved funds. Continuing to work within a balanced budget, 2019 has revenue to support current operations. Use of reserve funds are budgeted solely for capital projects and debt payments.