The Consulting & Continuing Education Group here at the Alliance Library System has developed different tables and charts to help explain the various tax funds and the budget and property tax cycles that public libraries in Illinois face.
All of the downloadble tools created by the C&CE group can be found here.
For a list of ten different funds, the expenses you're allowed to spend from each, and the legal citation allowing these funds, click here.
For a list of seven property taxes which can be used to support the regular and ongoing financial needs of a public library, click here.
For a chart showing the steps in a public library's budget cycle, click here.
From personal experience, the budget cycle, funds and property taxes have been the most challenging and complex ideas to grasp as a trustee of a public library. At our last meeting, our library director handed out copies of the budget cycle chart and walked us through the process.
If you have questions on these processes, please contact a Library Development Consultant here at ALS. Contact information can be found here.
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