budget

Library Finance: 2020 Budget Breakdown

Clearview Library District News

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Similar to other community entities, like the Windsor Severance Fire District or Town of Windsor, the Clearview Library District is a unique taxing district. While the district was established in 1985 under Colorado Library Law by the Weld RE-4 School District and the Town of Windsor, it is not financially connected with any other library, school, or town, and is funded through dedicated voter-approved mill levies or bond measures by way of residential and commercial property taxes.

Each year, the Library Board of Trustees is responsible for reviewing and approving the annual budget, as well as setting the mill levy. The 2020 mill levy is set to 3.546 mills, which is the tax rate per $1,000 of a residential property’s assessed value. 

The 3.546 mill levy funds Clearview Library District operations, as the bond for the Third Street location was retired in 2011 and the district is debt free.

2020 Budget Highlights

Revenue

The Clearview Library District’s budget for 2020 is $5,151,763, supported almost entirely by general property tax.

“Due to oil and gas, tax assessments in the past two years have sky-rocketed, therefore revenue is much higher than in previous years,” said Director Ann Kling. 

Because property tax assessments for oil and gas-related organizations can be unpredictable, the Library Board of Trustees committed to saving the extra revenue — $1.5 million — for the future.

“The Library Board has decided to transfer it into the district's reserve fund to be used for a time when oil and gas assessments may drop or for future space expenses,” Kling explained.

2020 budget revenue pie chart

Expenses

Consistent with years past, the majority of expenses (57%) for the Clearview Library District center on staff salaries and related items, including health insurance and employee retirement. The district is currently underway with a wage and organizational study, which occurs every three years to ensure fair and competitive compensation in an efficient organization, and its likely effect is planned into the budget. 

Outside of staff-related expenses, the 2020 budget includes more than $500,000 for capital outlays, which includes building improvements, and furniture, hardware, and equipment replacements.

“The Windsor-Severance Library is an aging building that is well loved and used by our community,” Kling said. “Because of this, the district will be spending more on the building in the near future. For example, the HVAC system is more than 20 years old and needs to be replaced this coming year.”

2020 budget expenses pie chart

The Board of Trustees and library staff are careful managers of taxpayers’ investment — balancing current demand with the future needs of our growing region.

“Feedback from our community through the strategic planning process was clear: our community wanted more library programs and services,” said Kling. “Given the growth in the district, the current library space is not able to provide services to the level our community has come to know and expect. 

“As part of the Strategic Plan, we will be evaluating space in a variety of ways. What that solution might look like is unknown right now, but we will evaluate all options and continue to seek the community’s feedback along the way.” 

For more information on our budget, download the Director’s 2020 Budget Message to the Library Board of Trustees or review the July 2019 Beyond the Books presentation.


To review your tax investments, search for your property on the Weld County Assessor’s site and click “Taxing Districts.” Multiply your property’s assessed value by the current mill levy rate and divide by 1,000 to find your tax payment.