The majority of the library’s funding comes from local property taxes. Voters approved a 1 mill operating fund in perpetuity in 1994. On August 2nd, 2022, Redford Township voters approved a 2 mill operating for a period of 20 years. The library’s fiscal year is April 1-March 31.
Budget (2022-2023)
Revenue:
| Taxes |
$2,600,677.00 |
| Penal Fines |
$30,000.00 |
| State Aid |
$41,000.00 |
| Service Fees |
$20,000.00 |
| Investment Earnings |
$0.00 |
| Miscellaneous |
$30,000.00 |
| State Sources |
$50,000.00 |
| Appropriation from Fund Balance |
($201,279.00) |
Total
|
$2,570,398.00 |
Expenses:
| Personnel |
$1,411,103.00 |
| Contractual services and books |
$408,640.00 |
| Operating Costs |
$423,355.00 |
| Capital Outlays |
$327,300.00 |
| Total |
$2,570,398.00 |
Previous Fiscal Years