2026-2027 Proposed Budget

Description

Gloversville Public Library 2026-2027 Proposed Budget: Income 2025-2026 Adopted 2026-2027 Proposed Budget Budget Change Notes Tax Levy $791,605 $906,388 $114,783 Step toward restoration to former operating levels Investment Income - General Fund $12,000 $9,000 -$3,000 Anticipated drop in interest rates Gloversville Library Foundation Inc. - Int. & Div. $144,000 $144,000 Gloversville Library Foundation Inc. - Don. Reg. $7,000 $10,000 $0 $3,000 Anticipated increase in donations Government Affiliations - LLSA $5,600 $5,600 Government Affiliations - Ful. Co. Youth Bureau $1,400 $1,400 Government Affiliations - NY ESD $34,000 $17,000 Grants - Youth Programming $2,500 $2,500 Grants - Adult & Youth Services $2,000 $0 Grants - Other $2,000 Donations - Direct $0 $0 -$17,000 Final year spend down of 5-year grant End of youth services grant $2,000 $0 -$2,000 $0 $4,000 $5,000 $1,000 Anticipated increase in donations Fees & Miscellaneous Income $2,500 $2,500 $0 Friends of the Gloversville Public Library, Inc. $10,000 $10,000 $0 $1,018,605 $1,115,388 $96,783 TOTAL INCOME Gloversville Public Library Proposed 2026-2027 Budget: Expenses 2025-2026 2026-2027 Adopted Proposed Budget Budget Change $20,511 $28,510 -$6,574 $3,247 $0 $233 $10,300 $97 $8,385 $64,709 Cost-of-living adjustments Cost-of-living adjustments; 2 new PT employees Staffing changes Result of salary changes $550 $3,650 $959 $3,500 $0 -$1,000 $27,700 $35,359 Increase in utility rates Increase in utility rates Increase in utility rates Increase in premium costs Step toward restoration of collections to former levels Increase in library system circulation platform costs Anticipated increase in costs Cost-of-living adjustment Anticipated decrease in costs Anticipated decrease in cost $100,815 $2,755 $2,000 $1,000 $960 -$5,000 -$4,000 $0 $500 $0 -$1,500 $0 $0 -$3,285 $1,018,605 $1,115,388 $96,783 $0 $0 $0 Salaries - Full Time Employees $424,607 $445,118 Salaries - Part Time Employees $71,404 $99,914 Salaries - Custodians $47,758 $41,184 F I C A & Medicare Tax $41,598 $44,845 Unemployment Insurance $6,125 $6,125 Disability & Family Leave Insurance $2,991 $3,224 Medical Insurance & Reimbursements $66,950 $77,250 Worker's Compensation Insurance $4,409 $4,506 Pension Expense $80,822 $89,207 TOTAL