Fiscal Responsibility
Completion requirements
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Read through this section to learn about budgets and finance.
The Trustee Essentials: Understanding Local Government Budgeting and Finance course covers this information in greater detail. Please consider taking that course to learn more.
Revenue Source Review
There are several different sources of revenue for public libraries.
As with all facets of library administration, your library's governance structure can determine the extent of fiscal responsibility for the library board.
- local revenue sources
- property taxes
- oil and gas proceeds
- intergovernmental revenues
- fines/fees
- state revenue for libraries
- State aid per capita
- Federation grants/funds
- State entitlement share
- private revenue sources
- Donations
- Grants
As with all facets of library administration, your library's governance structure can determine the extent of fiscal responsibility for the library board.