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.

2022 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 2022 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.  A deliberate return to in-person programs, combined with maintaining a outstanding physical collections, especially online collections, ensure that our services remains vital and relevant to residents.  

2022 Adopted Budget

  2021 2022 
BudgetBudgetChange
Income
4200 Municipal Appropriation $2,411,684 $2,440,187 1.2%
4300 NJ State Aid $11,250 $14,000 24.4%
4400 Interest $1,400 $1,000 -28.6%
4500 Grants,Gifts & Donations $4,500 $9,000 100.0%
4600 Patron Revenue $14,950 $42,390 183.5%
4700 Miscellaneous Revenue $1,550 $1,250 -19.4%
4800 Unemployment Reserve $2,500 $1,000 -60.0%
Total Income $2,447,834 $2,508,827 2.5%
Expenses
5000 Salaries and Withholdings $1,220,000 $1,275,000 4.5%
5100 Personnel Benefits $366,137 $391,257 6.9%
5200 Library Materials
5210 Books $139,000 $136,000 -2.2%
5220 Audio-Visual $52,500 $53,000 1.0%
5230 Periodicals $7,000 $6,500 -7.1%
5240 Digital & Online Resources $100,000 $101,000 1.0%
5250 Library of Things $11,000 $11,500 4.5%
Total 5200 Library Materials $309,500 $308,000 -0.5%
5300 Programming $99,000 $102,500 3.5%
5400 Operating Expense $181,890 $181,960 0.0%
5500 Professional Service $20,000 $20,000 0.0%
5600 Fixtures, Furnishings & Equip $8,000 $8,000 0.0%
5700 Building & Grounds $150,145 $142,233 -5.3%
Total Expenses $2,354,672 $2,428,949 3.2%
Net Operating Income $93,162 $79,879 -14.3%
Transfer to Capital Repairs $100,000 $79,879 -20.1%

2022 Budget by Expense 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.