WARSAW — Money makes the world go round — well…it is what makes the business world go round, and for Warsaw Community Public Library, it is that time of year again. Warsaw Library started the discussion for next year’s budget at its Board of Trustees meeting Monday night, Sept. 11.
After heavy June rains in 2016 and 2017, WCPL seeks to expands its rainy day budget for the 2018 year. The Library will be raising its Rainy Day Fund from $253,614 to $361,000, transferring an additional $100,000 funds into the budget. The funds will help cover unexpected expense in the coming year.
One expense Director Ann Zydek and the board anticipates to impact the funds is the library’s 20-year-old elevator. Earlier in the year, Zydek stated elevator renovation could cost more than $250,000. While the Rainy Day Funds will not cover that amount, the board hopes to be prepared for any problems that could occur with the elevators while the library finds funds for the repairs.
The “Rainy Day Fund will be zeroed out” for the rest of the 2017 year and carried over into the new year to help increase the funds in the 2018 year to the $361,000 budget. The rest of the $100,000 increase will be transferred from the Operating Fund “for the purpose of Capital Outlays.”
In past years, WCPL relied on the funds to fix damages to rooms caused by leaking and broken irrigation systems.
In other news:
- The library will increase its starting wage rate at $9.66 with the new budget year.
- The 2018 budget will be reviewed and approved at the Oct. 16 meeting