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Accountability& Transparency <br />YE <br />A <br />R <br /> <br />3 <br /> <br />L <br />E <br />V <br />Y <br /> <br />R <br />E <br />P <br />O <br />R <br />T <br /> Eugene Public Library meets the ever-changing needs of Eugeneans. <br />And we think trust and libraries go hand in hand. During a deep <br />ve-year study completed in 2016, the Pew Research Center found <br />trust in libraries remained high because of their proven ability to <br />curate and share reliable knowledge. <br />is to ensure accountability and <br />transparency. In the measure, <br />we promised to separate levy <br />fund budgeting and accounting <br />per state law, to prepare an <br />annual sta summary of <br />spending and performance <br />measures, an annual review <br />by the citizen Library Advisory <br />Board and to give an annual <br />City Council. <br />Before the levy was passed, <br />EPL’s level of service was <br />supported by $10.6 million <br />per year from the City of <br />Eugene’s general fund, plus <br />donated funds. <br />The Library Local Option Levy is set at $2.7 million <br />per year for 5 years, in accordance with state law <br />restrictions regarding how levies are structured. <br />As with the rst two years of the levy, some FY 2019 <br />funds have been intentionally reserved as part of <br />budget planning for the full ve years. While the levy <br />will provide the same amount of revenue each year, <br />spending will increase each year due to ongoing <br />expansion of services as well as increased costs, <br />ination and other factors. Funds are budgeted in <br />order to ensure the ability to fulll levy promises <br />throughout the full ve years. <br />* <br />Levy Funds $2,011,388* <br />General Fund $11,259,962 <br />Misc. Trust Funds $159,508 <br />ATTACHMENT A <br />January 27, 2020, Work Session - Item 1