Budget & Finance

Overview

New Jersey law (N.J.S.A. 40:54-8) sets the minimum funding for municipal public libraries at “1/3 mill,” or $0.333 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. In November 2019, Mahwah voters approved a millage rate increase to “3/8 mill,” or $0.375 on each $1,000 of equalized value.  The increased millage rate will remain in place for ten years before coming up for a public referendum.

The Library on Your Tax Bill

Coming Soon.

2021 Budget Note

With the passage of Mahwah’s Library Referendum in November of 2019, the Library is writing the next chapter in its history of serving this vibrant community.  The 2021 budget carefully aligns the Library’s expanded tax appropriation with the collections, programs and new services requested by residents and approved by the Board of Trustees in the long-range Strategic Plan.  Expanded collections, especially online collections, ensure that a fundamental cornerstone of our services remains vital and relevant to residents.  

2021 Adopted Budget

 2020 (3/8 Mill)2021 (3/8 Mill) 
BudgetBudgetChange
Income
Municipal Appropriation 2,379,362 2,411,684 1.4%
NJ State Aid 11,344 11,250 -0.8%
Interest 1,300 1,400 7.7%
Grants,Gifts & Donations 8,000 4,500 -43.8%
Miscellaneous Revenue 3,050 1,550 -49.2%
Unemployment Reserve 2,500 2,500 0.0%
Total Income 2,432,506 2,447,834 0.6%
Expenses
Salaries and Withholdings 1,250,000 1,220,000 -2.4%
Personnel Benefits 364,414 366,166 0.5%
Library Materials
Books 124,850 139,000 11.3%
Audio-Visual 55,200 52,500 -4.9%
Periodicals 7,200 7,000 -2.8%
Digital & Online Resources 105,450 100,000 -5.2%
Library of Things 5,000
Total Library Materials 292,700 303,500 3.7%
Programming 103,000 105,000 1.9%
Operating Expense 163,687 181,890 11.1%
Professional Service 20,000 20,000 0.0%
Fixtures, Furnishings & Equip 9,500 8,000 -15.8%
Building & Grounds 152,590 150,145 -1.6%
Total Expenses 2,355,891 2,354,702 -0.1%
Operating Surplus to Capital Repairs 76,615 93,132 21.6%

2021 Budget 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, audit results are posted for public review.