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Accountability and Transparency <br />Prior to the levy, EPL’s level of service was supported by $10.6 million per year from the <br />City of Eugene's General Fund (FY16), plus donation funds. <br />The Library Local Option Levy is set at $2.7 million per year for five years, in accordance <br />with state law restrictions regarding how levies are structured. <br />FY18 Levy Funds <br /> Total Revenue: 2,692,172 <br /> Total Expenses: 1,923,399 <br />As with the first year of the levy, some FY18 funds have been reserved as part of budget <br />planning for the full five years. While the levy will provide the same amount of revenue every <br />year, spending will increase each year due to continued expansion of services as well as <br />inflation and other factors. Funds are being budgeted in order to ensure the ability to fulfill <br />levy promises throughout the full five years. <br />Total Library Expenditures FY18 <br /> General Fund: 11,036,113 <br /> Levy Funds: 1,923,339 <br /> Miscellaneous Trust : 180,725 <br />Levy Promise: To ensure accountability and transparency, the measure <br />specified provisions including: separate levy fund budget and accounting <br />(as per state law); annual staff summary of spending and performance <br />measures; annual review by the citizen Library Advisory Board; and an <br />annual City Manager’s report to City Council. <br />EPL has dedicated a section of the website where community members <br />can get information about the specific expanded services supported <br />with levy funds: www.eugene-or.gov/3354/Levy-information . These <br />pages are updated throughout the year with current information. <br />After review from the Library Advisory Board and City Council <br />this report will be available on EPL’s website. <br />541-682-5450 <br />www.eugene-or.gov/library <br />December 10, 2018, Meeting - Item 6