Document #9BBoard of Library Trustees
FY 2008 Budget Results
YTD February 2008
•Personnel Service expenditures are at 41.7% of the annual fiscal year 2008 budget. Thepayout costs associated with the Easy Out Program will accelerate the expenditurepercentage in the coming months. For example, expenditure under Additional Gross payhas risen by over 150% of the amount that was budgeted for in FY08.•Overtime expenditures account for 63.7% of the overtime budget. An analysis was doneto determine the causes and ways to control the spending in overtime. DCPL expects asmaller rise in the overtime budget in the coming months, when compared with the firstquarter, as a result of measures taken to solve this problem.•DCPL will continue to monitor both the PS and NPS budgets, especially the overtime.•Through fiscal month 5 (February), Non-Personnel Service obligations are at 71.7% of the annual fiscal year 2008 budget. Six (6) reprogrammings were approved in Februarythat reallocate funding within the NPS categories.•The main causes of these early obligations include:1) FY 08 Fixed Costs (Energy, Telephone, and Rentals) are transferred to the Office 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 the beginning of the fiscalyear;3) A large percentage of the book and collections budget (Equipment) is obligated onpurchase orders at the beginning of the fiscal year.•DCPL received $30K from the National Endowment of the Humanities for the Recoveryof the Peabody Collection.•PO review is ongoing.
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