The Grand County Library District
Grand County Libraries: linking people to boundless opportunities.
Mountain Libraries Elevate Minds
- Curate valuable resources and services for every user to foster lifelong connections to the library
- Make our diverse collections, expertise, and services available when, where, and how users need them
- Be an essential service for our community
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 Board of Trustees of the Grand County Library District (“the District”) in accordance with the requirements of the Local Government Budget Law hereby submits the following budget message with the accompanying 2022 budget.
The District’s 2022 budget marks the 28th year of operation as a Special District. Our operations continue to provide the best possible library services for residents and visitors within the District’s boundaries (Grand County), consistent with available resources and the GCLD Mission Statement, Grand County Libraries: linking people to boundless opportunities. Our library services include: loaning of materials, reference information service, public computer and wireless access service, youth and adult programming, community room use, and remote catalog access—all free of charge.
Our primary source of revenue continues to be property taxes generated by the District’s voter-approved mill levy of 3.36.
The District’s 2022 budget was prepared based on the modified accrual budgetary basis of accounting. The District’s revenues are recognized when they become measurable and available as net current assets. Taxpayer-assessed income is considered “measurable” when in the hands of the intermediary collecting government and is recognized as revenue at that time.
Some of the District’s 2022 budget highlights:
- The district’s assessed valuation increased 16.5% over 2020, which marks the third year in a row recording growth.
- Revenues are budgeted $470,245 more than 2021 due to the property value increase county wide.
- Friends of Grand County Library District have made a budget commitment of $10,000 in support of the district’s Summer Reading Program.
- The budget allows for an 10% increase to personnel for wage adjustments, 1.1 FTE additional branch staff capacity for additional open hours, and benefit cost increases.
- Merit awards for performance demonstrated in 2021 are budgeted at $31,261 which allows for an average increase of 3.5% to staff and up to 5% for executive director.
- $5,000 in additional programming funds to continue the current level of programming that was originally grant funded.
- $20,000 in additional funds are allocated in collections, mainly for online resources, but also to preserve library of things and creation of experiences through Access Grand.
- Additional funds are allocated in facilities in continuation of the COVID-19 pandemic and the need for increased building sanitation and supplies.
- Capital projects are budgeted for $78,950 covering several building projects that are aesthetic in nature with carpet replacement and curb repairs as well as safety conscious rekeying projects, gutter replacements, and water bottle filling stations. Technology improvements include community room audio visual equipment and increases to patron use mobile devices.
- Debt repayment is $640,100, both paying the bonds due and calling an additional $405,000 in principal.
- This budget reflects the Community Needs Assessment results and the ongoing support of the Strategic Plan. Staffing capacity, online resources of various interests and platforms, and support of a “library without walls” concept while still adding $608,141 to fund balance for sustainability.
Being flexible and adaptable in 2022 with regards to public spaces and staff safety is a top priority. Overall, the Grand County Library District has a 2022 budget that is 7% greater than the 2021 appropriated operating expenses, 13% greater, or an increase of $243,864 compared to estimated actuals for 2021 operating expenses. With the passage of the 2016 mill levy increase, the continued donations to Mountain Libraries Campaign, and the commitment of the Grand County Library Foundation, it will enable GCLD the ability of early termination of building debt.