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Document #9ABoard of Library Trustees Meeting
The District of Columbia Public LibraryBudget and Finance Report
Wednesday January 23, 2008
 
Document #9ABoard of Library Trustees Meeting
FY 2008 Budget Results
YTD December 2007
•Personnel Service expenditures are at 22.7% of the annual fiscal year 2008 budget.The payout costs associated with the Easy Out Program will accelerate theexpenditure percentage in the coming months.•Overtime expenditures account for 41.6% of the overtime budget. An analysis isbeing done to determine the causes and ways to control the spending in overtime.•DCPL is closely monitoring both the PS and NPS budgets, especially the overtime.•Through fiscal month 3 (December), Non-Personnel Service obligations are at64.2% of the annual fiscal year 2008 budget.•The main causes of these early obligations include:1) FY 08 Fixed Costs (Energy, Telephone, and Rentals) are transferred to theOffice of Property Management at the beginning of the fiscal year;2) Large contracts and service contracts (elevator maintenance, trash collection,electrical and mechanical contracts, etc.) are entered into at that beginning of thefiscal year;3)A large percentage of the book and collections budget (Equipment) is obligatedon purchase orders at the beginning of the fiscal year.•The FY 08 budget was increased by $259K for the carryover portion of the ReserveFunds for the four interim branches.•PO review is ongoing.
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