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King County Library System 2006 Annual Report

Financial Report | Board of Trustees | KCLS Leadership

Financial Report
With a budget funded primarily from property taxes, it is imperative that the library system is fiscally responsible at all times. We continually operate within the 1% limitation on property tax revenue and the ending balance of the general fund continues to be better than projected. For 2006, expenditures were 7% below budget, resulting in an ending fund balance of $20.3 million. The primary expenses of the library system are salaries and benefits, books and materials and facilities and maintenance.

Funding from capital bonds also went toward library improvement projects. In 2006, KCLS spent $8.3 million of capital funds on library construction and renovation projects.
The KCLS Foundation received $578,463 in donations in 2006. A total of $442,905 was distributed in support of library programs and $110,513 was spent on administration and fundraising costs. For more information, please visit www.kcls.org/foundation.

Board of Trustees
The five-member Board of Trustees oversees the King County Library System and is tasked with guiding the civic, social and fiscal responsibilities of the organization. Board members serve five-year terms, during which time they volunteer hundreds of hours in service.

Judge LeRoy McCullough, President	Judge Richard Eadie, Trustee
Lucy Krakowiak, Secretary	Charlotte B. Spitzer, Trustee
	Jessica Bonebright, Trustee

KCLS Leadership
The leadership team at KCLS is comprised of staff that oversees the day-to-day operations of the organization. They work with civic and community organizations to ensure that library facilities and services meet the constantly changing needs of the residents we serve.