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 Library 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 2014 Library Funding
The FY2014 Library budget, which begins July 1, 2013, is approximately $31.5 million, with $26.5 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:
FY15 Budget News
Mecklenburg County Budget Page
June 10 County Budget Workshop
June 11 County Budget Public Hearing
June 12 County Budget Straw Vote Workshop
June 17 County Budget Adoption
June 23 Library Budget Adoption
Building Bright Futures in our Community
For every $1 you invest, the Charlotte Mecklenburg Library returns $4.57 in direct benefits to the community! Every day the library contributes positively to the quality of life and economic health of Mecklenburg County. Learn how!
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