|
FREE LIBRARY OF PHILADELPHIA |
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FY 2003
7/1/02 – 6/30/03 |
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| OPERATING SUPPORT AND REVENUE* |
|
|
| City General Fund |
$ 35,741,127 |
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| State Grant Funds |
$ 10,558,995 |
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Total support and revenue |
___________
$ 46,300,122 |
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|
|
| OPERATING EXPENSE |
|
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| Salaries and benefits |
$ 34,208,875 |
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| Library collections and materials |
$ 6,885,229 |
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| Facility leases, furnishings, maintenance |
$ 2,199,848 |
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| Technology purchases and support |
$ 1,077,014 |
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| Training and other professional services |
$ 657,560 |
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| Office supplies, postage, and printing |
$ 817,313 |
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| Other expense |
$ 454,283 |
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| Total expense |
___________
$ 46,300,122 |
|
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| *Revenues may include encumbrances and/or appropriations from prior fiscal years, using the modified accrual and cash basis of accounting permitted by municipal accounting standards. |
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FREE LIBRARY OF PHILADELPHIA FOUNDATION |
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FY 2003
(7/1/02 - 6/30/03)
|
|
| OPERATING SUPPORT AND REVENUE |
|
|
| Contributions and grants |
$ 2,508,357 |
|
| State grants and City capital appropriations |
619,856 |
|
| Fees and library services |
1,242,117 |
|
| Short term interest |
74,537 |
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| Sale of books and publications |
1,487,756 |
|
| Investment return designated for operations |
892,350 |
|
| |
|
Total operating support and revenue
|
__________
$ 6,824,973 |
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| |
|
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| OPERATING EXPENSE |
|
|
Library services:
|
|
Public programs |
$ 2,889,688 |
|
Circulating materials and collection preservation |
404,174 |
|
Technology |
398,263 |
|
Facilities renovations |
267,934 |
|
| Administration and finance |
1,052,325 |
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| Development, membership, and communications |
1,047,025 |
|
| |
|
|
Total operating expense |
__________
$ 6,059,409 |
| |
|
| LONG TERM INVESTMENTS AND ENDOWMENT |
|
| Long term investments and endowment at market value
7/1/02 |
$ 16,337,342 |
| Dividends and interest |
366,729 |
| Net realized gains/(losses) |
-955,237 |
| Net unrealized gains/(losses) |
1,187,819 |
| Investment return designated for operations |
-892,350 |
| Contributions and other additions to long term investments |
444,442 |
Long term investments and endowment at market value
6/30/03 |
___________
$ 16,488,745 |
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|
| CHANGE IN TOTAL NET ASSETS |
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| Net assets at beginning of year, 7/1/02 |
$ 22,057,778 |
| Total change in net assets, 7/1/02 - 6/30/03 |
704,313 |
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|
Net assets at end of year, 6/30/03 |
__________
$ 22,762,091 |
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| The complete audited financial statements and report of the independent certified public accountants are available upon request. |
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