Where does Library funding come from?
The Library receives most of its operational funding from Mecklenburg County (approx.90%). Other funding sources, such as the State of North Carolina, the City of Charlotte, and the Mecklenburg ABC Board, make up a small portion of the Library’s operational funding.
Additionally, the Charlotte Mecklenburg Library Foundation seeks private contributions, grants and sponsorships throughout the year to support library services for all ages and provide resource enhancements. Revenue from fines and fees is also used to serve the community above and beyond what tax-based funding provides.
While the Library receives much of its funding from Mecklenburg County, the Library is a separate, independent entity with its own governing body, the Board of Trustees.
The Library operates on a fiscal year that begins July 1.
FY 2015 Library Funding
The FY 2015 Library budget, which began July 1, 2014, is approximately $34.6 million, with $30.6 million coming from Mecklenburg County.
A Commitment to Service is reflected in the Library`s Budget.
Charlotte Mecklenburg Library has a strong commitment to customer service. The greatest asset and expense that the Library has is in its personnel. Personnel expense has historically been approximately 75% of the Library’s total budget, followed by General Operating (building maintenance, utilities and basic operational expenses), Books and Materials, and Programs & Outreach.
Each year, an independent audit is conducted on the Library’s financial statements, internal controls and compliance with government accounting standards. The Library’s financial reports (and the audit opinions on those reports) are available here:
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FY 2016 Budget News
Proposed FY 2016 Library Budget *
This budget will be approved by the Library Board of Trustees at their June 22, 2015 meeting.
Press release about County Manager`s recommended budget, May 28, 2015
County presentation, May 28, 2015
FY 2014 Accomplishments Memo
Summary of Library accomplishments in FY2014, submitted to County Manager Dena Diorio.
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