Catalog

Budget & Finance

New Jersey law (N.J.S.A. 40:54-8) sets the minimum funding for municipal public libraries at “1/3 mill,” or $0.33 on each $1,000 of equalized value of all assessable property in the Town. By State law, the municipality must allocate this money to the library in its annual budget. Unlike some libraries in New Jersey, the Mahwah Public Library does not receive funds above the “1/3 mill” minimum. As a result, the Library’s budget tracks the equalized property value; as property values fluctuate, so does the Library’s annual budget.

From 2009 through 2014, the equalized value of all property in Mahwah declined by 16.4%. As a result, the Library’s municipal funding decreased to $1,963,028 in 2014, down from a peak of $2,349,300 in 2009.  In 2015, the equalized value showed modest signs of recovery and the municipal appropriation increased by 1.05%.  In 2016, however, this small gain was erased and the budget declined by 1.01%, or $19,948.  In 2017, the Library's municipal appropriation increased by 2%, or just over $40,000. As a result, the Library's funding for 2017 is still significantly below the funding it received in 2007, despite lending activity increasing nearly 30% and program attendance increasing over 200% in the past ten years.

Library Appropriation 2005-2018

2018 Budget Note

The 2018 budget includes a number of changes that are designed to support the Library's recent growth and success: Staffing levels and funding are stable, sustainable and offer a high degree of customer service.  The changes in the materials budget introduced last year continue to realign funding to better meet the reality of how patrons are using the Library, including ongoing demand for eContent. The significant increase in funding for programs supports what is clearly becoming a major service.  The building and grounds budget represent a clear-eyed look at the actual costs to maintain a welcoming facility that is now 20 years old.  On top of the ongoing operating expenses, the 2018 budget also sets aside money be for capital projects that support the Library’s long-term strategic goals. 

2018 Adopted Budget

  2017 Budget   2018 Budget % Change 2017 to 2018   % of Expense
Income            
   4200 Municipal Appropriation 2004077   2023825 1.0%    
   4300 NJ State Aid 11264   11237 -0.2%    
   4400 Interest 800   1000 25.0%    
   4500 Grants,Gifts & Donations 4500   5000 11.1%    
   4600 Patron Revenue 27200   27700 1.8%    
   4700 Miscellaneous Revenue 6750   7500 11.1%    
   4800 Unemployment Reserve 0   1000 100.0%    
Total Income 2054591   2077262 1.1%    
Gross Income 2054591   2077262 1.1%    
Expenses            
   5000 Salaries and Withholdings 1049500   1051500 0.2%   50.6%
   5100 Personnel Benefits 322963   343727 6.4%   16.5%
   5200 Library Materials            
      5210 Books 135000   132500 -1.9%    
      5220 Audio-Visual 63500   63500 0.0%    
      5230 Periodicals 7000   7000 0.0%    
      5240 Digital & Online Resources 52000   55500 6.7%    
   Total 5200 Library Materials 257500   258500 0.4%   12.4%
   5300 Programming            
      5310 Adult 28000   28000 0.0%    
      5320 Young Adult 17500   20000 14.3%    
      5330 Juvenile 22000   24000 9.1%    
      5340 ESL 5000   4000 -20.0%    
      5350 Museum & Cultural Passes 2750   5000 81.8%    
   Total 5300 Programming 75250   81000 7.6%   3.9%
   5400 Operating Expense 143852   145235 1.0%   7.0%
   5500 Professional Service 22500   22500 0.0%   1.1%
   5600 Fixtures, Furnishings & Equip 11500   11500 0.0%   0.6%
   5700 Building & Grounds 162641   163300 0.4%   7.9%
Total Expenses 2045706   2077262 1.5%    
Net Cash Balance 8885   0 -100.0%    
Other Income            
   9010 Interfund Transfers-In-Cap            
Total Other Income 0   0 0.0%    
Other Expenses            
   9100 Interfund Transfers-Out-Oper 50000   100000 100.0%    
Total Other Expenses 50000   100000 100.0%    
Net Other Income -50000   -100000 100.0%    
Net Operating Surplus/Deficit -41115   -100000 143.2%    

2018 Operating Expenses by Category

Recent Audits

The Library values integrity and acts with honesty and fairness as it conduct its business.  As part of the Library's commitment to transparency and open government, recent audit results are posted online.

100 Ridge Road, Mahwah, NJ, 07430 201.529.READ
info@mahwahlibrary.org