Archive | Financial Documents
NOTE: financial documents from 2023 and following are attached to each meeting on the meeting calendar. Documents for previous years can be found in the archives.
Approved by the library board December 16, 2021.
If you have questions, please contact the director or a board member.
2022 budget income and expenditures approved December 16 2021.pdf2022 December VCBC Library Gen Fund Bal Sheet.pdf2022 December VCBC Library Gen Fund P & L Budget.pdfApproved by the board December 17, 2020
2021 budget income and expenditures approved December 17 2020.pdfA yearly budget is a guide to assist the library board, director, and staff to effectively spend the tax monies allocated for library operations.
In March of every year the library board reviews the previous year's financials to compare the actual income and expenditures against the budget.
Currently all library income and expenditures, including capital improvements, go through the general operating account. As part of the annual review, the board may decide it is necessary to utilize funds in savings to offset the costs of capital projects and similar. Those monies are put as income and are recorded as "transfer from savings". This would be done to "balance" the budget rather than show a large expenditure overage.
2020 budget review and reconciliation.pdf