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HomeMy WebLinkAbout993080.tiff 1999 FINAL BUDGET Weld Library District _____/ ,, ... /. . ... ... ,. . .. . . • . . „.„,,.„ ,, �_1 kale, rf G 1 a S ;:vkE:Nan,, it • " aa Y�.. n"x{ Y e `f ti#'3rilt+� A LLpp��t '/ ,�;."'+t i §uT 'Y x ryas ^'.4'/.'pa�ft^`jx""" .s., i • 993080 1-1 300 December 14, 1998 Library Board Weld Library District 2227 23rd Avenue Greeley, CO 80631 Dear Library Board: The 1999 budget for the Weld Library District totals $2,912,810. The district will have a mill levy of 1.449 mills, raising a net of $1,979,089 from the assessed value of $1,365,830,800. Other revenues total $325,500. A beginning fund balance of$1,034,497 is anticipated. Expenditures are composed of$919,398 for the district support functions, $79,677 Carbon Valley Branch Library, $492,158 Centennial Park Branch, $286,005 Lincoln Branch, $125,627 for Bookmobile, $422,412 for the share-back to the municipal libraries to support those facilities, and $85,000 for Emergency Reserve. The 1999 budget of $2,410,277 will support the district's operation for 1999, and allow for an ending fund balance of$928,309. Very truly yours, Steve Cottrell, Director Weld Library District BUDGET MESSAGE Service: Services to be delivered by the Weld County Library District for 1999 are the full range of library services contemplated by the Library District Act. The mission of the Weld Library District is to offer equitable access to information services, materials, and assistance of the professional staff for all residents of the district. This mission is based on a recognition of each individual's worth, need for human dignity, and capacity for self-improvement. It is also recognized that a well-informed citizenry is essential in a community and that each of the six member libraries retains its own autonomy. The goals of the district are: To provide appropriate material and service to meet informational, leisure, and educational needs of its constituents. To provide staff for guidance in the use of library materials and provide service at hours convenient to the public. To provide access to library materials collections and programs to all citizens of the district regardless of interest, reading level, learning styles, or physical handicap by maintaining: > A central administrative facility at Centennial Park Branch Library > System Area Resource Center for High Plains Regional Library Service System > Bookmobile service, Books-by-Mail, and/or technological services Deposits and branches extending service to participating jurisdictions. To provide services and materials not duplicated by the specialized resources of Michener Library UNC nor those special items int he school libraries and the Aims Community College Library,the Weld County Courthouse Law Library, or the North Colorado Medical Center Library. The library recognizes the importance of the Colorado State Library and High Plains Regional Library Service System as coordinating agencies among libraries in the state and region and endorses the multi-type library system concept. The Weld Library District cooperates with all types of libraries to make the best use of public monies and provide optimum service. The Weld Library District,Centennial park Branch, agrees to serve as a resource center from which the High Plains Regional Library Service System, System Area Resource Center, answers subject and title requests from libraries throughout the state. Bookmobile, Carbon Valley, Centennial Park, and Lincoln Park have been established as service outlets within the district. These branches operate under the policies and guidelines established by the Weld Library District. The Weld Library District collection is intended to serve the general needs of the population. The branch roles are: Centennial Park Branch -- Popular Materials Library Reference Library (emphasis on business and genealogy) Children's Library Bookmobile -- Popular Materials Library (emphasis on children's materials) Carbon Valley -- Popular Materials Library (emphasis on children's materials and programs) Lincoln Park Branch -- Popular Materials Library maaterials (special emphasis on seniors and large print materials) Reader's Guidance and limited Reference Children's Library Budgetary Accounting Basis: The Weld Library District budgetary procedure uses the following Basis of Accounting. Basis Accounting refers to when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of Accounting relates to the time of the measurements made, regardless of the measurement focus applied. The Weld Library District Fund utilizes the modified accrual basis of accounting. Under this method revenue is recognized in the year in which it becomes both measurable and available as net current assets. Revenue susceptible to accrual, that is, measurable and available to finance the district's operations or of a material amount and not received at the normal time of receipt, primarily consists of property taxes assessed in 1998 and payable in 1999. Unbilled charges for services are recorded in the appropriate funds at year end. Expenditures are generally recorded when the related fund liability is incurred. LEASE-PURCHASE AGREEMENTS The following supplemental data regarding lease purchase agreements involving real property is required under Section 29-1-104(2)(d), CRS, 1973: A. The total amount to be expended during the ensuing fiscal year for payment obligations under all lease-purchase agreements involving real property -0- B. The total maximum payment liability of the local government under all lease- purchase agreements involving real property over the entire terms of such agreements, including all optional renewal terms -0- C. The total amount to be expended during the ensuing fiscal year for payment obligations under all lease-purchase agreements other than those involving real property D. The total maximum payment liability of the local government under all lease- purchase agreements other than those involving real property over the entire terms of such agreements, including all optional renewal terms -0- GENERAL FUND WELD LIBRARY DISTRICT January 1, 1999 to December 31, 1999 1999 DESCRIPTION FINAL ESTIMATED RESOURCES: Beginning Fund Balance, January 1 $ 1,034,497 Estimated Fund Revenue: Property Tax 1,979,089 Other Revenue 325,000 TOTAL AVAILABLE RESOURCES: $ 3,338,586 ESTIMATED EXPENDITURES: Centennial Park Library $ 492,158 Carbon Valley Branch 79,677 Lincoln Park Library 286,005 Bookmobile 125,627 District Support Services 919,398 Grants-In-Aid 422,412 Emergency Reserve 85,000 TOTAL EXPENDITURES: $2,410,277 ENDING FUND BALANCE $ 928,309 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0ci o 00 0000 of m 0 0 o 0 o o o 0 0 co 0 0 0 0 0 0 0 0 0 0 0 A 0 0 -J 0 N Of OI O) O O N IC O O O N Cr, N Z r N N • Cr. 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N m O F Q 0 N0 0a a�. , 4 0 0o e '0 0 e 0. � 0 RESOLUTION TO ADOPT BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE WELD LIBRARY DISTRICT, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1999 AND ENDING ON THE LAST DAY OF DECEMBER, 1999 WHEREAS, the Library Board of the Weld Library District has appointed Steven Cottrell, Weld Library District Director, to prepare and submit a proposed budget to said governing body at the proper time; and WHEREAS, Steven Cottrell has submitted a proposed budget to this governing body for its consideration; and WHEREAS, upon due and proper notice, published or posted in accordance with the law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on December 14, 1998, and interested taxpayers were given the opportunity to file or register any objections to said proposed budget. NOW, THEREFORE, BE IT RESOLVED by the Library Board of the Weld Library District, Colorado: Section 1. That estimated expenditures for each fund are as follows: General Fund $2,410,277 Section 2. That estimated revenues for each fund are as follows: General Fund: From unappropriated surpluses $ 1,034,497 From sources other than general property tax 325,000 From the general property tax levy 1,979,089 Total General Fund $ 3,338,586 Section 3. That the budget, as submitted, amended, and hereinabove summarized by fund, hereby is approved and adopted as the budget of the Weld Library District for the year stated above. Section 4. That the budget hereby approved and adopted shall be signed by the Chairman, Weld Library District Board, and made a part of the public records of the District. ADOPTED, this 14th day of December, 1998 President, Library Boar ATTBBT: S r/etary, Libr oa �y RESOLUTION TO APPROPRIATE SUMS OF MONEY A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND SPENDING AGENCIES,IN THE AMOUNTS AND FOR THE PURPOSE AS SET FORTH BELOW, FOR THE WELD LIBRARY DISTRICT, COLORADO, FOR THE 1999 BUDGET YEAR. WHEREAS, the Library Board has adopted the annual budget in accordance with the Local Government Budget Law, on December 14, 1998, and WHEREAS, the Library Board has made provision therein for revenues in an amount equal to or greater than the total proposed expenditures as set forth in said budget, and WHEREAS, it is not only required by law, but also necessary to appropriate the revenues provided in the budget to an for the purposes described below, so as not to impair the operations of the District. NOW, THEREFORE, BE IT RESOLVED by the Library Board of the Weld Library District, Colorado: That the following sums are hereby appropriated from the revenue of each fund, to each fund, for purposes stated: General Fund: Current Operating Expenses $2,318,177 Capital Outlay 7,100 Emergency Reserve 85,000 Debt Service _0_ Total General Fund $2,410,277 ADOPTED, this 14th day of December, A.D., 1998.Cal;air A `'President, Libr yy Board ATT T: Zr." S retary,Library Bo c/ RESOLUTION TO SET MILL LEVIES A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 1998 TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE WELD LIBRARY DISTRICT, COLORADO, FOR THE 1999 BUDGET YEAR. WHEREAS, the Library Board of the Weld Library District has adopted the annual budget in accordance with the Local Government Budget Law, on December 14, 1998, and WHEREAS, the amount of money necessary to balance the budget for general operating expenses is $1,979,089, and WHEREAS, the 1998 valuation for assessment for the Weld Library District as certified by the County Assessor is $1,365,830,800. NOW, THEREFORE, BE IT RESOLVED by the Library Board of the Weld Library District, Colorado: Section 1. That for the purpose of meeting all general operating expenses of the Weld Library District during the 1998 budget year, there is hereby levied a tax of 1.449 mills upon each dollar of the total valuation for assessment of all taxable property within the District for the year 1999. Section 2. That the District Librarian is hereby authorized and directed to immediately recertify to the County Commissioners of Weld County, Colorado, the mill levies for the Weld Library District as hereinabove determined and set. ADOPTED, this 14th day of December, 98. President, Library Board ATTE T: , r Se retary, Library Boa d CERTIFICATION OF TAX LEVIES TO: County Commissioners of Weld County, Colorado. The Library Board of the Weld County Library District (governing board) (unit of government) hereby certifies the following mill levies to be extended upon the GROSS assessed valuation of $ 1,365,830,800 Submitted this date: 12/7/98 PURPOSE LEVY REVENUE 1. General operating expenses (This includes 1 .449 mills $ 1,979,089 fire pension) 2. (MINUS) Temporary property tax credit/ ( )mills $( ) Temporary mill levy rate reduction 39-1-111.5, C.R.S. SUBTOTAL mills $ 3. General obligation bonds and interest* mills $ 4. Contractual obligations approved at election mills $ 5. Capital expenditures (levied through public hearing mills $ pursuant to 29-1-301(1.2),C.R.S.) for(counties and municipalities only), 29-1-302(1.5),C.R.S.for(special districts only)or approved at election 6. Refunds/Abatements mills $ 7. Other(specify) mills $ mills $ mills $ TOTAL 1.449 mills $ 1,979,089 Contact person: Donald D. Warden Daytime phone: ( 970 ) 356-4000 Ext 4218 �� _ . t /� President, Sign ed: Y Weld Weld County Library District *SPECIAL DISTRICTS must certify separate mill levies and revenues to the Board of County Commissioners, one each for funding requirements of each debt (32-1-1603, C.R.S.) Space is provided on the back of this.form. Totals should be recorded above on line 3. NOTE: Certification must be carried to three decimal places only. If your boundaries extend into more than one county, please list all counties here: Send a completed copy of this form to the Division of Local Government, Room 521, 1313 Sherman Street, Denver, Colorado 80203, (303) 866-2156. FORM DLG 70 (Rev 1/98) CERTIFICATION OF TAX LEVIES TO: County Commissioners of Weld County, Colorado: This is to recertify that the tax levy to be assessed by you upon all property within the limits of the Weld Library District, based on a total assessed valuation of $1,365,830,800 for the year 1998 as determined and fixed by the Library Board on December 14, 1998, is: General Operating Expenses 1.449 mills $1,979,089 TOTAL: 1.449 mills $1,979,089 You are hereby authorized and directed to extend said levy upon your tax list. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Weld Library District, Colorado, this 14th day of December, 1998. President, Library Board CERTIFICATION OF VALUES Name of Jurisdiction: WELD LIBRARY New District: N USE FOR STATUTORY CALCULATIONS (5.5% LIMIT) ONLY In accordance with 39-5-121(2)and 39-5-128(1), C.R.S., The total Assessed Valuations for taxable year 1998 In Weld County On December 1, 1998 Are: Previous Year's Net Total Assessed Valuation: $ 1,301,621,793 Current Year's Gross Total Assessed Value: $ 1,368,818,670 (-) Less TIF district increment, if any: $ 2,987,870 Current year's net total assessed valuation: $ 1,365,830,800 New Construction*: $ 49,212,820 Increased production of producing mine**: $ 0 Annexations/Inclusions: $ 0 Previously exempt federal property*": $ 0 New primary Oil or Gas production from any $ 27,029,862 oil and gas leasehold or land (29-1-301(1)(b) C.R.S.) ***: Taxes collected last year on omitted property $ 2,030.54 as of AUGUST 1 (29-1-301(1)(a) C.R.S.): Taxes abated and refunded as of AUGUST 1 $ 18,870.78 (29-1-301(1)(a)and 39-10-114(1)(a)(I)(B) C.R.S.): * New Construction is defined as:Taxable real property structures and the personal property connected with the structure. ** Jurisdiction must submit a certification to the Division of Local Government in order for a value to be accrued.(DLG52&52A) *"*Jurisdiction must submit an application to the Division of Local Government in order for a value to be accrued.(DLG 52B) USE FOR 'TABOR' LOCAL GROWTH CALCULATIONS ONLY In Accordance with the Provision Of Article X, Section 20, Colorado Constitution, The Actual Valuations for the Taxable Year 1998 In Weld County On December 1, 1998 Are: Current Year's Value of All Real Property*: $ 6,160,576,713 ADDITIONS TO TAXABLE REAL PROPERTY: $ 232,861,388 Construction of taxable real property improvements**: Annexations/Inclusions: $ 0 Increased mining production***: $ , 0 Previously exempt property: $ 2,588,730 Oil or Gas production from a new well: $ 31,546,395 Taxable real property omitted from the prevous year's tax $ • T265,906 warrant.(Only the most current year value can be reported) : DELETIONS FROM TAXABLE REAL PROPERTY: $ 768,808 Destruction of taxable real property improvements: Disconnection/Exclusion: $ 0 Previously taxable property: $ 4,528,588 * This includes the actual value of all taxable real property plus the actual value of religious,private schools,and charitable real property. ** Construction is defined as newly constructed taxable real property structures. ***Includes production from a new mine and increase In production of a producing mine. NOTE: All levies must be certified to the Board of County Commissioners no later than December 15, 1998. CERTIFICATION I hereby certify that the attached 1999 Final Budget is a true and accurate copy of the budget of the Weld Library District, adopted by the Library Board on the 14th day of December, 1998. WELD COUNTY, COLORADO BY: Donald D. arden, irector Finance and Administration SUBSCRIBED AND SWORN 'P. ��More me this day of December, 1998. _ CAROL A.) HARDIN • • ary ub is Of Co►- „;re'r June 8,MO Hello