December Library Finances Update
The library received $215,302 in filing fees from the month of October. After one-third of our fiscal year, we have received approximately what we have budgeted, $865,000, and are on pace to meet our yearly budget, $2.5 million.
The amount we receive generally decreases in the winter months so we will be keeping a close eye on it. Stay tuned for further monthly updates on library finances.
While we are currently on pace to receive our budgeted amount this year, the amount we receive from filing fees has decreased about 40% over the last 7 years. Repurposing the East County and South Bay branches, cutting the Westlaw legal database, and reducing staff are a direct result of this decline.