Agenda - 12-13-2011 - 8b - Laserfiche WebLink

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5 a. The County contributed to the Town, for general operating expenses of the Municipal Library, a base sum of Three we Hundred F-o~rtS,~Forty-two +fty-Thousand Nine Hundred Eighty-Six Dollars ($342,9862-5~~GC~Q) for FY 2011 - 2012-. The base sum ~ represents 21-x% of the total ~-1~~3,26~3sJ4~8~-operational costs ($1,633,269) the County budgeted for its Main Library, Carrboro Cybrary and the Carrboro-McDougle Library for the same fiscal year. b. Beginning in Fiscal Year 2011-2012, it is the intent that the County's annual base sum contribution to the Town Library will increase, subject to budget constraints, each fiscal year through June 30, 2015 until the County's contribution to the Town Library equates to 30 % of what the County spends annually for operational costs for the County Library System. Tho (`^~ ~nfi~ rsnr~ }~~~,~~~~~hL~~ ~m f~~i~~l~+~~~ fi inrlinir ~+II^n~+t~-~-ti-tt.. Tni~in I ihr~nr no n nornnn}.,^o of i,~rh~} }ho c. It is the County's intent to increase its contribution to the Town Library by adding 3_1--% each fiscal year to the base sum ^{ }"° }^}~' ^^n' ~^' eper-~t~e+~-a,l-sash-^~t#e-f-;=ibra~-s~sze~-te~e~,-currently contributed to the Town.-~~~~k~#isca~-}ear. Over the life of this agreement, doing so would increase the County's contribution to the Town's Library from its current 218% of total County Library System operational costs to 30% in the fiscal year ending June 30, 2015. Additional extensions of the agreement could result in additional County contributions. d--1t would be the intent of the County to increase its funding of County Library operational costs by an amount proportional~e~t-ual to the proposed increase in funding provided to the Town Library by the County each fiscal year. e-lf in any fiscal year the County does not increase its funding to of the County Library System by an amount equal to the increase being provided the Town Library via this agreement, the amount contributed to the Town Library will be less than 3%. If in any fiscal year the County reduces funding for County Library System operational costs, no increase will be provided the Town Library during that same fiscal year. 1} ~~inr flrl ho }h n} $ }(-,o i ~n}~~ } inn i}o fi enrlinn of C`nt t d . ~~o,~~~~e--i~~te„~-e,-R-r~C e~-~e-~,-,-~-reas e , , -i~^~a~ e. At no time during the. term of this agreement would the County's contribution to the Town Library fall below the initial base sum amount provided in this Agreement. f. Funding for equipment, facility expansion and_ -debt service associated with facility enhancements of County Libraries are not- operational costs and will not t-a be included in calculations of contributions to be provided to the Town Library by the County.