1. Fiscal Year 2008 Budget

2. Circulation 2001-2006 83% Increase

3. Property Tax Reform Status Quo for FY 2008 =

4. Actual Millage Rate.4325 “Rolled-Back” Rate.3864 Less 3 % Reduction (.0116) Maximum Proposed Rate.3748 13.3% Reduction from FY 2007 Rate Millage Rates FY 2007FY 2008

5. Tax Calculation Example

6. Operating Fund Revenue Summary FY 2007FY 2008Change Taxes35,37535,853478 Intergovernmental1,5921,252(340) Charges for Services215 0 Fines & Lost Materials1,5201,625105 Miscellaneous1,0991,277178 Reserves (Fund Balance) 1,7251,304(421) Total 41,526 0

7. Operating Fund Expenditures Summary FY 2007FY 2008Change Salaries & Benefits20,28721,8381,551 Operating9,89110,241350 Capital Outlay1,401200(1,201) Materials (Books, CDs, DVDs) 4,9704,837(133) Transfers to Other Funds 4,9774,410(567) Total41,526 0 FTE’S 365 373

8. Fiscal Year 2008 Priorities $4,000,000 for branch expansion $4,800,000 for library materials $300,000 for personal computers $100,000 for Open Source software

9. Branch Expansion- Plan $4,100,000 of fiscal year 2007 budget dedicated for branch expansion Based on this annual level of funding goal was to construct 3 new branches over 8 years Priorities: Chuluota Road + SR 50 Chickasaw Trail + SR 50 Moss Park + Narcoossee Road

10. Branch Expansion- Status Resources –Fiscal year 2007$4,100,000 –Fiscal year 2008$4,000,000 –Fiscal year 2009 & beyond (Depends on PTR) ???? Expenditures –Chickasaw property($2,550,000) –Chickasaw remodel design (A/E) ($50,000) Available $5,500,000

11. Chickasaw Property

12. Branch Expansion- Future If “Super Exemption” amendment passes, ability to pay Chickasaw annual operating costs is a serious concern Should $5,500,000 be spent to remodel and equip Chickasaw Should $5,500,000 be used to acquire land for future branch sites Design process to remodel Chickasaw put on hold

13. Library Budget Public Hearings FIRSTSeptember 10 th 5:01 pm SECONDSeptember 18 th 5:01 pm

14. Recommendations Approve FY 2008 tentative budgets for the Orange County Library District Approve FY 2008 tentative millage rate of.3748 for the Orange County Library District

15. Questions ?

16. Fiscal Year 2008 Budget