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.
Current Fiscal Year Budget (2019-2020)
Revenue:
| Taxes |
$1,900,000 |
| Penal Fines |
$28,000 |
| State Aid |
$35,000 |
| Fines/Fees |
$3,000 |
| Investment Earnings |
$0 |
| Miscellaneous |
$87,860 |
| State Sources |
$100,000 |
| Total |
$2,153,860 |
Expenses:
| Personnel |
$1,288,368 |
| Contractual services and books |
$382,400 |
| Operating Costs |
$344,567 |
| Capital Outlays |
$138,525 |
| Total |
$2,153,860 |
Previous Fiscal Years