Loading...
02.03.21 BLC HandoutsHere's what's in this deck - do with it as you see fit. Slide 1: This is the best guess ballpark annual budget for the library district, in 2020 dollars, as of yesterday.  The district budget is a moving target. The budget changes year to year based on capital; expenses and expenditure inflation.  David has updated the GKBaum model to reflect higher capital costs for both backlog and future capital needs that are more in line with current estimates. He's also using an inflation rate for future years of ~3%, which is higher than GKB for construction and personnel costs and more in line with lived reality. Slide 2: A comparison of property tax increases for 3 mill levies: 3.85, which DF thinks is the "real" number; 4mills, which would be needed if the district buys facilities from the city;  and 4.56 mills, GKB's mill levy if only city residents fund the library. I couldn't figure out a good way to show this data visually. Slide 3: If the district is funded at 3.85 mills, city residents/businesses will see a lower property rate increase than residents in the unincorporated county. This chart/table shows how much the increase is reduced if Council eliminates the .333 mills and if Council goes further to lower property taxes by 1 mill. Slides 4 & 5 show how much General Fund revenue is saved with .333 mills eliminated and at a reduction of 1 mill; compares that number to fully funding the fire-rescue master plan; and shows how much revenue is still available for other needs. Thanks - off to walk the rampagers. How does forming a library district help our community 
 meet our funding needs? Scenario 1: General Fund revenues available with
 property taxes reduced by .333 mills ($1.3M) 2021 2022 2023 2024 2025 General Fund revenues freed up by annually with .333 mills deducted $7,710,121 $7,710,121 $7,710,121 $7,710,121 $7,710,121 Fire-Rescue Master Plan, Vision Level, Total Dollar Cost -$1,532,630 -$2,592,836 -$2,845,648 -$4,814,530 -$6,712,965 General Fund revenues available for other purposes after Fire- Rescue is addressed $6,177,491 $5,117,285 $4,864,473 $2,895,591 $997,156 How does forming a library district help our community 
 meet our funding needs? Scenario 2: : General Fund revenues available with
 Property taxes reduced by 1 mill ($3.9M) 2021 2022 2023 2024 2025 General fund revenues freed up annually with 1 mill deducted $5,110,121 $5,110,121 $5,110,121 $5,110,121 $5,110,121 Fire-Rescue Master Plan, Vision Level, Total Dollar Cost -$1,532,630 -$2,592,836 -$2,845,648 -$4,814,530 -$6,712,965 General Fund revenues available for other purposes after Fire- Rescue is addressed $3,577,491 $2,517,285 $2,264,473 $295,591 -$1,602,844 Mill Levy Breakdown - City of Boulder Property Mills Percent Boulder County Total 23.4730000 27.3% Boulder Valley School District Total 48.3590000 56.4% City of Boulder Total 11.9810000 13.9% Northern Colorado Water 1.0000000 1% Urban Drainage and Flood Control 0.9000000 1% "Colorado Public Library Statistics" https://www.lrs.org/public/data/csv/id/4014124/ 2000 - 2018 Comparision data for Boulder Public Library [BPL] and 3 Colorado libraries of similar size. Each of the 3 comparision libraries is a district library. Rangeview/Adams County became a district in 2005. Prior to 2005 it was the lowest funded library in the state. Fort Collins became a district in 2008. Library 1. Operating Revenue 2. Staffing Information 3. General Information 4. Input Measure 5. Output Measures Total operating revenue Total Staff [FTE]Total Registered Borrowers Staff per 10K circulation Registration as a percent of population 2018 2012 2008 2000 2018 2012 2008 2000 2018 2012 2008 2000 2018 2012 2008 2000 2018 2012 2008 2000 Boulder Public Library $7,977,622 $7,319,968 $6,775,364 $5,259,163 80.25 74.39 80.2 90.89 126,168 124,736 83,747 No Data 0.52 0.51 0.63 0.76 118%125%84%No Data Poudre River Public Library District $10,900,034 $8,534,815 $8,398,891 $4,018,675 105.05 91.75 74.5 64.5 162,201 138,076 115,293 88,151 0.36 0.29 0.32 0.41 81%77%66%74% Pueblo City-County Library District $10,614,192 $8,930,455 $7,346,695 $5,659,252 103.68 93.3 85.05 76 95,036 115,381 92,492 74,112 0.44 0.52 0.67 0.82 57%72%59%52% Rangeview Library District (Adams County)$19,149,151 $13,232,384 $12,809,577 $2,793,728 130.13 108.75 78 42.25 109,372 120,704 62,121 173,387 0.57 0.48 0.93 0.80 28%35%19%No Data Total $48,640,999 $38,017,622 $35,330,527 $17,730,818 419.11 368.19 317.75 273.64 492,777 498,897 353,653 335,650 1.89 1.8 2.55 2.79 Average $12,160,250 $9,504,406 $8,832,632 $4,432,705 104.78 92.05 79.44 68.41 123,194 124,724 88,413 111,883 0.47 0.45 0.64 0.70 71%82%65% 1. Comparison libraries average increase in operating revenue = 225%. BPL's increase in operating revenue = 51%. Using the Bureau of Labor Statistics "CPI Inflation Calculator" BPL's budget in 2000 is worth $7,842,384. in 2018. In other words, adjusted for inflation BPL's budget has grown just over 1.6% above inflation. 2. Comparsion libaries average increase in FTE = 85%. BPL's decrease over the same period of time = -12% 3. Comparison libraries increase in registered borrowers = 1=48%. BPL's increase since 2008 = 34%. 4. Comparison libraries decrease in staffing per 10,000 items circulated = 31.5%. BPL's decrease = 31%. 5. On average registered borrowers as a percent of population has increased for comparison libraries by 7%. BPL's registered borrowers as a percent of population has increased nearly 5X [five times] that rate = 34%. POPULATION GROWTH: The Front Range has grown at high and often disproportionate rates over the last 20 years. Adams County grew from 363,000 to 498,000 residents from 2000 to 2016 [37%.] Larimer County, Fort Collins' population also increased 33%. The city of Boulder population has grown from 94,300 to 108,090 [15%]. Pueblo County has grown 12% in that same time. Library Research Service www.lrs.org/ Accessed 2/18/2020