HomeMy WebLinkAbout2024-04-24; Library Board of Trustees; ; Fiscal Year 2024-25 Budget UpdateApril 24, 2024 Item #5 Page 1 of 1
Meeting Date:
April 24, 2024
To: Library Board of Trustees
From: Fiona Everett, Senior Management Analyst
Staff Contact: Fiona Everett, Senior Management Analyst
fiona.everett@carlsbadca.gov, 442-339-2014
Subject: Fiscal Year 2024-25 Budget Update
District: All
Recommended Action
Receive an update from staff on the FY 2024-25 budget.
Executive Summary
Staff will share an update on the city’s FY 2024-25 budget with the Trustees.
Explanation & Analysis
None.
Fiscal Analysis
None.
Next Steps
None.
Environmental Evaluation
This item does not require environmental review because it does not constitute a project within
the meaning of the California Environmental Quality Act under California Public Resources Code
Section 21065 in that it has no potential to cause either a direct physical change in the
environment or a reasonably foreseeable indirect physical change in the environment.
Exhibits
None.
LIBRARY BOARD OF TRUSTEES
Staff Report
Fiscal Year 2024-25 Requested Budget
Fiona Everett, Senior Management Analyst
Library & Cultural Arts
April 24, 2024
{ City of
Carlsbad
2
5-YEAR ADOPTED BUDGET HISTORY
Column1 2019-20 2020-21 2021-22 2022-23 2023-24 Total % Growth
Personnel $ 8,132,556 $ 8,221,852 $ 8,409,715 $ 8,759,917 $ 8,676,232 6 %
Operating 6,012,772 5,625,311 5,892,860 5,860,725 5,578,588 -7 %
Total $ 14,145,328 $ 13,847,163 $ 14,302,575 $ 14,620,642 $ 14,254,820 <1 %
Full time FTE:
PY Ending 50.50 52.50 52.50 53.00 51.00
New Positions 2.00 - - - 2.00
Transfers In/Out - - - (2.00)-
Adopted 52.50 52.50 52.50 51.00 53.00 <1 %
Mid-year changes - - 0.50 - -
FY Ending 52.50 52.50 53.00 51.00 53.00 <1 %
Part time FTE 61.66 61.66 63.66 61.95 53.42 -13 %
Total FTE 114.16 114.16 116.16 112.95 106.42 -6 %
ITEM 5: FY 2024-25 BUDGET UPDATE
3
12,500,000
13,000,000
13,500,000
14,000,000
14,500,000
15,000,000
2019-20 2020-21 2021-22 2022-23 2023-24
Adopted Funding Split
General Fund Special Revenue Fund
2.8%
3.6%
3.6%
4.0%
4.3%
Special Revenue Fund
2.8% to 4.3%
of overall budget
ITEM 5: FY 2024-25 BUDGET UPDATE
■ ■
4
REQUESTED M&O SUMMARY (GF)
Description Amount
2024 M&O Adopted Budget $1,907,394
Adjustments -
2025 M&O Base Budget $1,907,394
Budget requests $170,000
2025 M&O Requested Budget $2,077,394
ITEM 5: FY 2024-25 BUDGET UPDATE
{ City of
Carlsbad
5
REQUESTED M&O SUMMARY (NON-GF)
Description Amount
2024 M&O Adopted Budget $543,662
Adjustments -
2025 M&O Base Budget $543,662
Budget requests $-
2025 M&O Requested Budget $540,100
ITEM 5: FY 2024-25 BUDGET UPDATE
{ City of
Carlsbad
6
NON-GF SUPPORT
•Carlsbad Reads Together author,
programming
•Summer Reading Adventure
programming and supplies
•Programming in Schulman
•Movie/music licensing
•Author talks
•Performances/Concerts
•Front Row Friday cinema series
•HUB supplies
•Collection
•Literacy and Career Online High
School program support
•New furniture
•TGIF supplies
•Special gallery exhibitions,
receptions, and associated 3-Part-Art
ITEM 5: FY 2024-25 BUDGET UPDATE
{ City of
Carlsbad
7
REQUESTED PERSONNEL SUMMARY
Description Full Time Part Time
2024 Adopted Personnel 53.00 53.42
Budget Memo adjustments -2.00 -
2025 Base Personnel 51.00 53.42
Proposed changes --
2025 Requested Personnel 51.00 53.42
ITEM 5: FY 2024-25 BUDGET UPDATE
{ City of
Carlsbad
8
BUDGET REQUEST
•TGIF added budget
•$170,000, ongoing
•Support additional cost to host 9
concerts
•Request based on City Council direction
on number of concerts and security
enhancements
ITEM 5: FY 2024-25 BUDGET UPDATE
( City of
Carlsbad
9
PRIORITIES FOR FY 2024-25
•Finish Library Reorganization
•Hire for vacancies in new structure
•Cultural Arts Manager and staff
•Big projects
•CIP: Schulman Auditorium AV
•SDTIP: RFID Upgrade
ITEM 5: FY 2024-25 BUDGET UPDATE
( City of
Carlsbad