Budget Package Final 2

Board Meeting
TIMBERLAND REGIONAL LIBRARY

2011 ESTIMATED REVENUES AND APPROPRIATIONS
Final - December 29, 2010 - ALL FUNDS
General Building Auto. Circ. Unemp. Gift Total

Fund Fund Fund Fund Fund Funds
ESTIMATED REVENUES:
Property Taxes 17,220,475 0 0 0 0 17,220,475

Other Revenues 2,454,935 34,000 23,571 2,500 48,800 2,563,806
Total Est. Revenues 19,675,410 34,000 23,571 2,500 48,800 19,784,281

Required Beg. Fund Bal. 285,828 0 0 0 0 285,828
Operating Transfers-In 0 509,509 250,000 17,000 0 776,509
Total Resources 19,961,238 543,509 273,571 19,500 48,800 20,846,618

======================================================================
APPROPRIATIONS:
Total Budget 19,961,238 485,000 101,750 25,000 60,000 20,632,988

Operating Transfer-Out 776,509 0 0 0 0 776,509
Intergovernmental 0 0 0 0 0 0
Ending Fund Balance (776,509) 58,509 171,821 (5,500) (11,200) (562,879)
Total Uses 19,961,238 543,509 273,571 19,500 48,800 20,846,618

======================================================================
FUND BALANCES:
Projected Beg. Bal. 7,794,569

General Fund Cash Flow
10,000,000
Required Beg. Fund Bal. (285,828)
9,000,000
Operating Transfers-In 0
Operating Transfer-Out (776,509) 8,000,000
7,000,000
Proj. Ending Balance 6,732,232
========== 6,000,000
5,000,000
4,000,000
2005 2006 2007 2008 2009 2010 2011
Board Meeting
page 9
Board Meeting
==============
General Fund Cash Flow
2005 7,952,212
============== 2006 8,798,766
2007 7,839,908
2008 6,498,742
2009 6,732,234
2010 7,794,569
2011 6,732,232
Board Meeting

CONDENSED BUDGETS
2010 AND 2011 Final - GENERAL FUND
Final Final 2011

2010 2011 % of
Budget Budget Total
ESTIMATED REVENUES:
Beginning Fund Balance

for Operations 0 285,828 1%
Property Taxes $16,575,297 $17,220,475 86%
City Contract Fees 214,557 310,778 2%
Timber Taxes and Sales 1,103,844 1,309,868 7%
Interest on Investments 246,511 198,844 1%
Fines 290,000 351,659 2%
Photocopy Fees 27,150 25,027 0%
Other Revenues 408,181 258,759 1%
TOTAL $18,810,666 $19,961,238 100%

=========== =========== ==========
BUDGETED EXPENDITURES:
Salaries and Benefits $13,528,015 $14,120,343 71%
Supplies 296,460 530,960 3%
Other Services and Charges 1,803,480 2,063,580 10%
Intergovernmental 0 0 NA
Captial Expenditures - Nonbooks 495,000 503,750 3%
Cap. Expend. - Books and Materials 2,635,012 2,742,605 14%
SUB-TOTAL (Operating Expend.) 18,757,967 19,961,238 100%

Operating Transfers-Out 0 776,509 ==========
Ending Fund Balance 107,573 (776,509)
TOTAL $18,865,540 $19,961,238

=========== ===========
page 10
Board Meeting
$0
page 10
Board Meeting
Draft, Not for Public Viewing

General Fund - 2011 Estimated Revenues
Final - December 29, 2010
Actual Actual <Final> In(De)crease <Final>
General Fund 657.00 2008 2009 Budget '10 Budget '10 Budget '11
308.00 Estimated Beginning Fund Balance 0 0 0 0 0

311.10 Property Taxes 15,422,545 16,425,603 16,575,297 645,178 17,220,475
311.30 Sale of Tax Title Property 1,325 3 0 0 0
312.10 Timber Harvest Tax 728,866 427,726 606,373 (399,729) 206,644
317.20 Leasehold Excise Tax 39,850 46,840 43,050 (50) 43,000
319.12 Failure to List Personal Property Penalty 0 0 0 0 0
333.45 Indirect Federal Grants - Humanities 27,128 8,160 100,000 (100,000) 0
333.45 Indirect Federal Grants - Cont Education 5,196 1,432 4,050 (4,050) 0
333.84 Indirect Federal Grants - Work Study 7,686 8,014 0 0 0
333.84 Indirect Grants - TRL Foundation 0 0 0 0 0
335.23 State Forest Land 123,878 122,214 85,201 281,704 366,905
337.01 In Lieu of Taxes 2,694 23,054 2,250 6,976 9,226
338.72 City Contract Fees 762,018 371,610 214,557 96,221 310,778
341.60 Photocopy Fees 25,933 28,803 27,150 (2,123) 25,027
341.69 Printing Fees 0 0 30,000 (15,000) 15,000
341.70 Sale of Merchandise 1,180 619 1,900 (1,900) 0
347.20 Non-Resident Fees 7,643 8,199 7,000 0 7,000
347.90 Other Fees 0 2,732 1,320 (1,320) 0
359.70 Library Fines 0 51,220 290,000 61,659 351,659
361.15 Interest on Investments 300,289 178,168 246,511 (47,667) 198,844
361.90 Forest Board Interest (882) 1,008 3,875 (3,875) 0
362.51 Forest Board Rentals 10,301 6,435 6,789 1,961 8,750
362.52 Dept. of Army 0 0 0 0 0
362.90 Other Rents 20 34 22,900 (22,900) 0
367.00 Contributions 12,843 57,305 4,250 4,560 8,810
369.81 Cashier's Overages and (Shortages) (242) (541) 0 0 0
369.90 Other Miscellaneous Revenue 20,036 20,961 21,000 (7,100) 13,900
369.91 Sale of Junk or Salvage 24,175 33,796 22,500 7,500 30,000
381.20 Note Payments Received 0 0 28,897 (28,897) 0
389.00 Other Non-Revenue 22,129 80,826 38,500 25,773 64,273
395.10 Sale of Fixed Assets 0 0 0 0 0
395.11 Timber Sales/State Forest Board 339,861 463,650 296,705 406,889 703,594
395.12 Timber Sales/County 175,680 45,809 115,565 (82,840) 32,725
395.20 Insurance Recoveries Capital Assets 0 8,202 0 0 0
395.30 Comp. for Loss of Fixed Assets 76,009 77,195 69,900 (11,100) 58,800
398.00 Insurance Recoveries Other 0 133,979 0 0 0
Total Receipts 18,136,159 18,633,054 18,865,540 809,870 19,675,410

Estimated Beginning Fund Balance 0 0 0 285,828 285,828
page 6+10
Board Meeting
Total Revenue and Fund Balance 18,136,159 18,633,054 18,865,540 1,095,698 19,961,238
2011 Budget
2011 GENERAL FUND - ESTIMATED REVENUES:
Summary:
The 2011 General Fund Budget is based on revenues of $19,961,238, of which $285,828 is Fund
Balance.
Property Taxes:
The budget includes an increase of .72% over 2010's property tax revenue, or an increase of
$124,802, plus estimated tax receipts of $183,254 from new construction, $64,640 from refunds
and $25,643 from state assessed property for a total property tax revenue that is $398,338 above last
year.
Due to the average 2.85% decrease in property tax valuations in TRL's district, the library's levy rate
is now 1.79 cents higher then last year at 35.688 cents/$1,000 of assessed valuation.
Major Timber Revenues are projected to increase over 2010's budget by 18% or $206,024.
Timber Revenues:
206,644 Private Forest Timber Harvest Tax
366,905 DNR State Forest Land Sales
703,594 DNR Timber Sales/SFT
32,725 DNR Timber Sales/County
-------------
1,309,868 Total budgeted for General Fund
=========
Actual revenues in excess of budget are considered for transfer in future year to special
purpose funds.
City Contract Fees:

Contract = City's Assessed Valuation times Levy Rate.
Other Miscellaneous Revenue:

Primarliy the $10 "reinstatement fee" from patrons to reimburse Library for collection
agency costs.
Compensation for Loss of Fixed Assets:

Primarliy "lost and damaged book" fees from patron.
page 7+10
Board Meeting
New Categories:
341.69 Printing Fees - Charge for printing from public access computers; recover cost of
toner and paper, and reduce waste caused by unneeded and excessive printing.
How Timberland Regional Library Earns Each $1.00
Library Fines; $0.02

Timber Taxes & SalesBeg.
; $0.07
Fund City
Bal.;Contract
$0.01 Fees; $0.02
Interest on Investments ; $0.01
Other Revenues ; $0.01 Beg. Fund Bal.
Property Taxes
Photo/Print Fees; $0.00
Photo/Print Fees
Other Revenues
Interest on Investments
Timber Taxes & Sales
City Contract Fees
Library Fines
Property Taxes $0.86
Interest on Investments:
The Thurston Treasurer is the ex-officio treasurer for the library. In this capacity, Thurston
County Treasurer receives deposits and transacts investments on the library's behalf.
Beginning in 1989, the library authorized the Thurston County Treasurer to include its investments
in the Thurston County pooled investment program.
page 8+10
Board Meeting
2006 2007 2008 2009 2010
Thurston Co. Invest. Yield @ 9/30 4.31% 5.15% 4.41% 2.96% 1.46%
Timberland Regional Library

Levy Rate (2000 to 2011)
$0.50 $0.49
$0.48
$0.48
$0.47
$0.46 $0.45
$0.44
$0.43
$0.42
$0.40 $0.39
$0.38
$0.36 $0.36
$0.34 $0.34
$0.34
$0.33
$0.32
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Property Tax Valuations:

Grays Harbor Lewis Mason Pacific Thurston
Assessed Values, (In Billions) 2010 $4.847 $7.303 $8.064 $2.497 $27.144
2009 $4.760 $7.150 $7.692 $2.468 $29.249
% Increase(Dec.) 1.83% 2.14% 4.84% 1.18% -7.20%
New Const., (In Billions) 2010 $45.084 $68.004 $71.972 $25.770 $329.840
2009 $55.832 $132.441 $96.839 $28.804 $509.063
% Increase(Dec.) -19.25% -48.65% -25.68% -10.53% -35.21%
page 9+10
Board Meeting
Chg. in St. Assessed (In Bill.) 2010 $64.793 $904.674 $39.065 $17.837 $419.434
2009 $62.195 $852.291 $38.532 $17.981 $399.149
% Increase(Dec.) 4.18% 6.15% 1.38% -0.80% 5.08%

Timber Taxes & Sales
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
2011 Proj.
$1,000,000
$500,000
$0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Proj. Proj.
Major Timber Revenues: Thru Nov.

2006 2007 2008 2009 2010
Private Forest Timber Harvest Tax $ 1,070,343 $ 1,169,502 $ 728,866 $ 427,726 $ 163,198
State Forest Board Sales $ 1,103,607 $ 915,683 $ 639,420 $ 631,673 $ 1,012,920
Housing Units Auth. Bldg Permits* 53.76 50.48 37.87 17.00 18.50
page 10+10
Board Meeting
30 Year Fixed Mortgage* 6.20% 6.35% 6.18% 5.00% 4.70%
* State of Washington Economic and Revenue Forecast Council

General Fund - 2011 Estimated Expenditures
Actual Actual <Final> In(De)crease <Final>
General Fund 657.00 2008 2009 Budget '10 Budget '10 Budget '11
72.XX.00 Reclassification and Cost Allocation (22,129) (80,826) 0 0 0

0.10 Salaries & Wages 10,845,288 10,528,051 10,517,654 195,365 10,713,019
0.20 Personnel Benefits 3,191,367 3,173,672 3,010,361 396,963 3,407,324
0.30 Supplies 446,111 310,831 296,460 234,500 530,960
Other Services and Charges:
0.41 Professional Services 591,485 506,061 566,450 17,700 584,150
0.42 Communications 354,767 276,158 322,300 40,700 363,000
0.43 Travel 137,271 48,550 117,695 (18,995) 98,700
0.44 Advertising 21,051 17,105 31,800 8,900 40,700
0.45 Operating Rentals 76,792 80,056 245,500 18,000 263,500
0.46 Insurance 68,850 98,759 91,935 74,500 166,435
0.47 Utilities 127,860 136,560 147,500 0 147,500
0.48 Repairs and Maintenance 162,214 186,906 198,300 66,270 264,570
0.49 Miscellaneous 119,189 97,673 82,000 53,025 135,025
0.40 Total Other Services and Charge 1,659,479 1,447,829 1,803,480 260,100 2,063,580
0.50 Inter-Governmental 2,710 1,760 0 0 0
0.60 Capital Expenditures - Non Book 329,133 101,501 495,000 8,750 503,750
- Books and Materials 3,003,238 2,697,286 2,635,012 107,593 2,742,605
Total 19,455,197 18,180,105 18,757,967 1,203,271 19,961,238
07.XX.00 Transfer Out 0 0 0 776,509 776,509

97.XX.00 Transfer In 0 0 0 0 0
89.XX.00 Other Non-Expenditures 0 138,631 0 0 0
Estimated Ending Fund Balance (1,319,037) 314,318 107,573 (884,082) (776,509)
Total Expenditures & Fund Balance 18,136,159 18,633,054 18,865,540 1,095,698 19,961,238
page 11+10
Board Meeting

2011 Budget
2011 GENERAL FUND - ESTIMATED EXPENDITURES:

Noteworthy items for 2011 include the following:
• Compensation projections for staff salaries include no cost of living adjustment. An increase
for staff is included for a "step" which occurs on the anniversary date for eligible employees.
About 70% of staff are eligible for the step. Salaries are projected to increase 1.9% over 2010.
• Timberland's PERS rate will increase from 5.31% to 8.61% on July 1, 2011.
• WCIP Board of Directors voted to discontinue offering medical insurance on a self-insured

basis. TRL moved to a fully insured plan offered by Premera, pushing medical rates over 14%
in comparison to 2010 rates.
Projected Salaries by Element:
732,926 Administration
8,439,970 Public Service
Administration
1,395,859 Organization of Materials
Facilities Administration
144,264 Facilities
Organization of Materials Public Service
$10,713,019 Total Organization of

Materials
Public Service Facilities
Projected Benefits by Type:

$4,000,000
L&I
$3,500,000
page 12+10 FICA
$3,000,000
PERS
$2,500,000 EAP
Board Meeting
$4,000,000
1,541,622 Medical L&I
$3,500,000
210,550 Dental FICA
31,212 Vision $3,000,000
PERS
13,219 Life $2,500,000 EAP
7,654 LTD
$2,000,000 LTD
2,770 EAP
737,246 PERS $1,500,000 Life
819,290 FICA $1,000,000 Vision
43,761 L&I Dental
$500,000
$0 Medical
3,407,324
How Timberland Regional Library Spends Each $1.00
Books and Resources $0.14
Equipment $0.03
Advrt., Rentals, Ins., Misc. $0.03
Utilities $0.01
Repairs and Maintenance $0.01
Travel $0.00
Communications $0.02
Professional Services $0.03
Salaries/Wages & Benefits $0.71
Supplies $0.03
page 13+10
Board Meeting
Books and Resources

2007 2008 2009 2010 2011
Budget 2,842,373 3,003,015 2,691,880 2,635,012 2,742,605
% Budget 15.2% 15.1% 14.3% 14.0% 13.7%
Per Capita $6.10 $5.74 $5.80 $6.41 $6.02
page 14+10
Board Meeting
8 above last
page 15+10
Board Meeting
285828 $0.01 Beg. Fund Bal.

17220475 $0.86 Property Taxes
25027 $0.00 Photo/Print Fees
258759 $0.01 Other Revenues
198844 $0.01 Interest on Investments
1309868 $0.07 Timber Taxes & Sales
310778 $0.02 City Contract Fees
351659 $0.02 Library Fines
19961238 $1.00
How Timberland Regional Library Earns Each $1.00
page 16+10
Board Meeting
2000 $0.50000
2001 $0.50000
2002 $0.49360
2003 $0.48120
2004 $0.46970
2005 $0.45270
2006 $0.42850
2007 $0.39020
2008 $0.34150
2009 $0.32920
2010 $0.33894
2011 $0.35688

page 17+10
Board Meeting
2009 Private Timber Harvest Tax 427726.1

2008 Private Timber Harvest Tax 728866
$3,500,000 2004 Private Timber Harvest Tax 679612.2
$3,000,000
$2,500,000
2009 State Forest Board Sales 631672.8
$2,000,000 2008 State Forest Board Sales 639419.8
2007 State Forest Board Sales 915683
$1,500,000 2005 State Forest Board Sales 985511.4
2011 Proj. 2004 State Forest Board Sales 1175625
$1,000,000
$500,000 2000 State Forest Board Sales 1349018
$0 2011
1 Proj. Timber Taxes & Sales 1309868
.
2010
Proj. Timber Taxes & Sales 1103844
2009 Timber Taxes & Sales 1059399
page 18+10
Board Meeting

Total Timber Revenues
page 19+10
Board Meeting
6.8%
78.8%
13.0%
1.3%
0.0%
45.2%
6.2%
0.9%
0.4%
0.2%
page 20+10
Board Meeting
0.1%
21.6%
24.0%
1.3%
L&I 1.3%
FICA 24.0%
Medical
PERS 21.6%
EAP 0.1%
LTD 0.2%Life 0.4% Vision 0.9%Dental 6.2%
2742605 $0.14 Books and Resources

503750 $0.03 Equipment
605660 $0.03 Advrt., Rentals, Ins., Misc.
147500 $0.01 Utilities
264570 $0.01 Repairs and Maintenance
98700 $0.00 Travel
363000 $0.02 Communications
584150 $0.03 Professional Services
530960 $0.03 Supplies
14120343 $0.71 Salaries/Wages & Benefits
19961238 $1.00
How Timberland Regional Library Spends Each $1.00

2011 Budget
page 21+10
Board Meeting

2011 Building Fund - Estimated Resources & Expenditures
2011 Estimated Resources:
34,000 Investment Interest

509,509 Transfers-In
543,509 Total Building Fund Resources
2011 Estimated Expenditures:
30,000 General Bookdrop

35,000 Signage
15,000 Amanda Park
10,000 Centralia
15,000 Lacey
5,000 McCleary
35,000 Montesano 2011 Projects:
5,000 Mountain View 145,000 Projects Timberland Owned Buildings
5,000 Naselle 200,000 Projects with Cities
35,000 North Mason 140,000 Projects - District Wide (for TRL & City Bldgs)
25,000 Oakville 485,000
25,000 Ocean Park
15,000 Olympia
15,000 Packwood
15,000 Raymond
15,000 Hoodsport
75,000 Service Center 3 1
10,000 Shelton
10,000 South Bend
10,000 Tenino
10,000 Tumwater 2
10,000 Winlock
60,000 Yelm
58,509 Fund Balance
543,509 Total Building Fund Uses
page 22+18
Board Meeting

2011 Auto Circulation Fund - Estimated Resources & Expenditures

250,000 Transfers In
336,000 Rollover Special Resolution - Phone System
127,000 Rollover - Symphony
736,571 Total Auto Circulation Resources
Capital Expenditures - TRL:

24,000 Additional Servers
29,000 OS, SharePoint, SQL
13,250 Overdrive Software
30,500 Other Software
5,000 Telephone System Misc Equipment
336,000 Phone System, Partial Hardware and Install
127,000 Symphony, Remaining on Install
171,821 Fund Balance
736,571
736,571 Total Auto Circulation Fund Uses
page 23+18
Board Meeting

2011 Unemployment Compensation Fund - Estimated Resources & Expenditures

17,000 Transfers In
5,500 Fund Balance
25,000 Total Unemployment Compensation Fund Resources
25,000 Total Unemployment Compensation Fund Uses
page 24+18
Board Meeting

2011 Gift Fund - Estimated Resources & Expenditures
44,500 Beginning Fund Balance - Lacey

567,565 Beginning Fund Balance - Olympia
19,500 Beginning Fund Balance - Tumater
95,500 Beginning Fund Balance - Misc.
1,000 Contributions - Lacey
10,000 Contributions - Olympia
1,000 Contributions - Tumwater
2,000 Contributions - Misc.
1,200 Investment Interest - Lacey
30,000 Investment Interest - Olympia
1,100 Investment Interest - Tumwater
2,500 Investment Interest - Misc.
775,865 Total Gift Fund Resources
60,000 Expenditures - Olympia
46,700 Fund Balance - Lacey

547,565 Fund Balance - Olympia
21,600 Fund Balance - Tumwater
100,000 Fund Balance - Misc.
775,865 Total Gift Fund Uses
page 25+18
Board Meeting
& City Bldgs)
29.9%
41.2%
28.9%
page 26+18

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Board Meeting

TIMBERLAND REGIONAL LIBRARY

General Building Auto. Circ. Unemp. Gift Total

Property Taxes 17,220,475 0 0 0 0 17,220,475

Total Est. Revenues 19,675,410 34,000 23,571 2,500 48,800 19,784,281

Total Resources 19,961,238 543,509 273,571 19,500 48,800 20,846,618

Total Budget 19,961,238 485,000 101,750 25,000 60,000 20,632,988

Total Uses 19,961,238 543,509 273,571 19,500 48,800 20,846,618

Projected Beg. Bal. 7,794,569

General Fund Cash Flow

TIMBERLAND REGIONAL LIBRARY

Final Final 2011

Beginning Fund Balance

TOTAL $18,810,666 $19,961,238 100%

SUB-TOTAL (Operating Expend.) 18,757,967 19,961,238 100%

TOTAL $18,865,540 $19,961,238

TIMBERLAND REGIONAL LIBRARY

308.00 Estimated Beginning Fund Balance 0 0 0 0 0

Total Receipts 18,136,159 18,633,054 18,865,540 809,870 19,675,410

2011 GENERAL FUND - ESTIMATED REVENUES:

City Contract Fees:

Other Miscellaneous Revenue:

Compensation for Loss of Fixed Assets:

How Timberland Regional Library Earns Each $1.00

Library Fines; $0.02

Property Taxes $0.86

2006 2007 2008 2009 2010

Timberland Regional Library

Property Tax Valuations:

% Increase(Dec.) 1.83% 2.14% 4.84% 1.18% -7.20%

% Increase(Dec.) -19.25% -48.65% -25.68% -10.53% -35.21%

% Increase(Dec.) 4.18% 6.15% 1.38% -0.80% 5.08%

Timberland Regional Library

Major Timber Revenues: Thru Nov.

State Forest Board Sales $ 1,103,607 $ 915,683 $ 639,420 $ 631,673 $ 1,012,920

30 Year Fixed Mortgage* 6.20% 6.35% 6.18% 5.00% 4.70%

* State of Washington Economic and Revenue Forecast Council

TIMBERLAND REGIONAL LIBRARY

72.XX.00 Reclassification and Cost Allocation (22,129) (80,826) 0 0 0

Total 19,455,197 18,180,105 18,757,967 1,203,271 19,961,238

07.XX.00 Transfer Out 0 0 0 776,509 776,509

TIMBERLAND REGIONAL LIBRARY

2011 GENERAL FUND - ESTIMATED EXPENDITURES:

• WCIP Board of Directors voted to discontinue offering medical insurance on a self-insured

Projected Salaries by Element:

$10,713,019 Total Organization of

Public Service Facilities

Projected Benefits by Type:

How Timberland Regional Library Spends Each $1.00

Books and Resources $0.14

Books and Resources

285828 $0.01 Beg. Fund Bal.

How Timberland Regional Library Earns Each $1.00

Timberland Regional Library

2009 Private Timber Harvest Tax 427726.1

1998 Timber Taxes & Sales 3118200

Timberland Regional Library

2742605 $0.14 Books and Resources

How Timberland Regional Library Spends Each $1.00

TIMBERLAND REGIONAL LIBRARY

2011 Estimated Resources:

34,000 Investment Interest

543,509 Total Building Fund Resources