The majority of the library’s funding comes from local property taxes. Voters approved a 1 mill operating fund in perpetuity on August 2, 1994 (this millage has been reduced to .8755 due to the Headlee Amendment). 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 1st – March 31st.
Budget (2023-2024)
Revenue:
| Taxes |
$2,855,000.00 |
| Penal Fines |
$30,000.00 |
| State Aid |
$49,000.00 |
| Service Fees |
$23,000.00 |
| Investment Earnings |
$0.00 |
| Miscellaneous |
$25,000.00 |
| State Sources |
$65,000.00 |
| Appropriation from Fund Balance |
($73,739.00) |
Total
|
$2,973,561.00 |
Expenses:
| Personnel |
$1,501,125.00 |
| Contractual services and books |
$426,190.00 |
| Operating Costs |
$396,246.00 |
| Capital Outlays |
$650,000.00 |
| Total |
$2,973,561.00 |
Previous Fiscal Years