Annual Financial Report

CROSSFIELD MUNICIPAL LIBRARY    
Comparative Income Statement   Actual 01/01/2016 to 12/31/2016   Budget 01/01/2016 to 12/31/2016
RECEIPTS        
Town of Crossfield Apppropriation   59,988.06   61,000.00
Alberta Muncipal Affairs - Grant   16,650.00   16,650.00
Rockyview County   3,208.00   3,200.00
Marigold Library System   7,295.00   7,300.00
Alberta Lottery Fund - CFEP Grant   90,401.00   0.00
Alberta Human Services - FCSS   8,000.00   8,000.00
Town of Crossfield-Recreation Board   2,990.00   2,990.00
Donataions - Ann Grover Library Soc 14,332.47   6,700.00  
Donations - Other 4,228.64   5,000.00  
Other Fundraising 805.00   0.00  
Fundraising & Donations - Total   19,366.11   11,700.00
Book Sales   1,202.80   1,400.00
Fees   4,936.00   4,000.00
Fines   1,992.23   2,000.00
Service Revenue   1,040.06   1,000.00
Interest Income   1,162.54   100.00
Other Income   333.51   3,000.00
Other - Marigold Spending Account   1,000.00   0.00
TOTAL RECEIPTS   219,565.31   122,340.00
         
EXPENSE        
         
ADMINISTRATION        
Audit   25.00   25.00
Board   2,823.82   2,575.00
Board - Advertising & Promotion   415.23   0.00
Equipment Maintenance   0.00   50.00
Bank Charges   133.56   120.00
Library Supplies   367.83   200.00
Memberships   164.00   164.00
Postage   351.96   200.00
Programs   6,115.24   11,150.00
Stationery & Printing   193.65   1,000.00
Telephone   1,143.85   1,200.00
Other Supplies - Beverage Service   434.13   0.00
Other Expenses   390.15   700.00
Other Expenses - Payroll Admin Fee   600.00   600.00
Other Expenses - Fundraising   126.23   0.00
TOTAL ADMINISTRATION   13,284.65   17,984.00
         
BUILDING COSTS        
Insurance   1,751.35   1,700.00
Janitorial   3,218.29   3,120.00
Maintenance   0.00   700.00
Minor Repairs & Maintenance   120.47   0.00
Maintenance - Water Feature   816.26   300.00
Utilities   2,798.78   3,100.00
Rent - Children's Room   1,440.00   1,440.00
TOTAL BUILDING COSTS   10,145.15   10,360.00
         
TRANSFER PAYMENTS        
Marigold Library System   13,131.00   13,200.00
TOTAL TRANSFER PAYMENTS   13,131.00   13,200.00
         
CAPITAL EXPENDITURE        
Building Reserve   86,631.50   0.00
Furniture & Equipment   7,008.49   0.00
Other - Offsite Storage   1,230.00   2,000.00
TOTAL CAPITAL EXPENDITURE   94,869.99   2,000.00
         
LIBRARY RESOURCES        
Materials   9,340.15   6,296.00
Magazines   1,590.02   2,500.00
TOTAL LIBRARY RESOURCES   10,930.17   8,796.00
         
STAFF        
Staff Salaries   73,658.83   69,000.00
Staff Salaries - Programs   6,267.08   0.00
Staff Benefits   551.67   0.00
Staff Course & Conference   1,036.10   1,000.00
Staff Travel   252.34   0.00
TOTAL STAFF   81,766.02   70,000.00
         
TOTAL EXPENSE   224,126.98   122,340.00
         
NET INCOME   -4,561.67   0.00