The majority of the library’s funding comes from local property taxes. Voters approved a 1 mill operating fund in perpetuity in 1994. On November 4, 2014, Redford Township voters approved 1.4 mills of supplemental operating funds for a period of 8 years. The library’s fiscal year is April 1-March 31.
Budget (2021-2022)
Revenue:
| Taxes |
$1,920,000.00 |
| Penal Fines |
$38,000.00 |
| State Aid |
$38,700.00 |
| Service Fees |
$9,000.00 |
| Investment Earnings |
$0.00 |
| Miscellaneous |
$51,500.00 |
| State Sources |
$90,000.00 |
| Appropriation from Fund Balance |
$1,119,077.04 |
Total
|
$3,266,277.04 |
Expenses:
| Personnel |
$1,352,704.00 |
| Contractual services and books |
$444,806.44 |
| Operating Costs |
$369,746.00 |
| Capital Outlays |
$1,099,020.60 |
| Total |
$3,266,277.04 |
Previous Fiscal Years