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017 of 2003 - Library Budget amendment for FY 2002-2003 0 03-1 B 02-3 SALT LAKE CITY ORDINANCE No. 17 of 2003 (Amending Salt Lake City Ordinance No. 44 of 2002 which adopted the Final Budget for the Library Fund of Salt Lake City,Utah for Fiscal Year 2002-2003) AN ORDINANCE AMENDING SALT LAKE CITY ORDINANCE NO. 44 OF 2002 WHICH APPROVED, RATIFIED AND FINALIZED THE BUDGET FOR THE LIBRARY FUND OF SALT LAKE CITY, UTAH FOR THE FISCAL YEAR BEGINNING JULY 1, 2002 AND ENDING JUNE 30, 2003. PREAMBLE On June 18, 2002, the Salt Lake City Council approved,ratified and finalized the budget for the library fund of Salt Lake City,Utah for the fiscal year beginning July 1, 2002 and ending June 30,2003, in accordance with the requirements of Section 118, Chapter 6, Title 10 of the Utah Code Annotated, and said budget was approved by the Mayor of Salt Lake City, Utah. The Salt Lake City Library system Board of Directors submitted to the Salt Lake City Council proposed amendments to said duly adopted budget, copies of which are attached hereto, for consideration by the City Council and inspection by the public. The City Council fixed a time and place for a public hearing to be held on April 15, 2003 to consider the attached proposed amendments to the budget and ordered notice thereof be published as required by law. Notice of said public hearing to consider the amendments to said budget was duly published and a public hearing to consider the attached amendments to said budget was held on April 15, 2003, in accordance with said notice at which hearing all interested parties for and against the budget amendment proposals were heard and all comments were duly considered by the City Council. All conditions precedent to amend said budget have been accomplished. Be it ordained by the City Council of Salt Lake City, Utah: SECTION 1. PURPOSE. The purpose of this Ordinance is to amend the budget for the library fund of Salt Lake City as approved, ratified and finalized by Salt Lake City Ordinance No. 44 of 2002. SECTION 2. ADOPTION OF AMENDMENTS. The budget amendments, attached hereto and made a part of this Ordinance shall be, and the same hereby are adopted and incorporated into the budget of Salt Lake City, Utah for the fiscal year beginning July 1, 2002 and ending June 30, 2003, in accordance with the requirements of Section 128, Chapter 6, Title 10, of the Utah Code Annotated. SECTION 3. CERTIFICATION TO UTAH STATE AUDITOR. The City's Policy and Budget Director, acting as the City's Budget Officer, is authorized and directed to certify and file a copy of said budget amendments with the Utah State Auditor. SECTION 4. FILING OF COPIES OF THE BUDGET AMENDMENTS. The said Budget Officer is authorized and directed to certify and file a copy of said budget amendments in the office of said Budget Officer and in the office of the City Recorder which amendments shall be available for public inspection. SECTION 5. EFFECTIVE DATE. This Ordinance shall take effect on its first publication. Passed by the City Council of Salt Lake City, Utah, this 15th day of April , 2003. HAIRPERSO ATTEST: in CHIEF DEPUTY Y RE ORDER Transmitted to the Mayor on April 16, 2003 Mayor's Action: Approved. Vetoed. cm-- -./4) MAYOR A TEST: ru.„...se /: exie_s r -.- 'r•1::‘:n ,i_ ,.t,.{{1'' CHIEF DEPUTY CITY RECORDER • ...y-C/.-°3.___ _____ licues,,_ (SEAL) Bill No. 17 of 2003. Published: April 22, 2003 r r, .„,,,,,c,,, , - - ,,,,. ., .,,,,,,,,„--h•t,..,::::.." :7- v„, „„f,s5„,;,„:,„,,,,..„ ,, G:\Ordinance 03\Amending Ord 44 Adopting Final Budget for Library Fund-Apr 11,2003.doc APR 0 1 2003 April 1,2003 To: Salt Lake City Council Mayor Rocky Anderson From: Nancy Tessman Director, City Library Re: 2002-2003 Budget The final settlement for property tax revenues has now been received by the Library and we will experience a shortfall of$623,000 for the current budget year. In addition,we predict a shortfall in anticipated interest revenue of approximately$100,000. To address this reduction of$723,000 in revenue for 2002-2003,the City Library Board proposes to: • Utilize unexpended operating contingency that was reserved for the first year of operating the new Main Library and expanded branches up to$350,000. • Reduce the Capital Reserve now at approximately$1,000,000 by$223,000. • Reduce expenses throughout the operating budget: o 1 Full-time Librarian(6 mos) $17,000 o Reduce Travel Budget by 50% 14,000 o Reduce program costs 18,000 o Reduce materials expenditures 35,000 o Reduce publicity/printing 10,000 o Reduce equipment purchases 15,000 o Reduce security services 12,000 o Use unexpended utility reserves 29,000 $150,000 Total reductions of$723,000 for 2002-2003. The Library Board is currently developing the budget proposal for 2003-2004. With the likelihood that these reductions in revenue will carry over into the next fiscal year,the Library has instituted a hiring freeze on many positions in anticipation of further reductions in services and programs that may be required next year. cc. Cindy Gust-Jenson Russell Weeks Rocky Fluhart Steven Fawcett