{"id":2921,"date":"2022-01-14T14:40:12","date_gmt":"2022-01-14T19:40:12","guid":{"rendered":"http:\/\/libapps.libraries.uc.edu\/source\/?p=2921"},"modified":"2022-01-14T17:28:05","modified_gmt":"2022-01-14T22:28:05","slug":"financial-information-2","status":"publish","type":"post","link":"https:\/\/libapps.libraries.uc.edu\/source\/financial-information-2\/","title":{"rendered":"Financial Information"},"content":{"rendered":"\n

Reporting of both General and Local Funds for Fiscal Year 2021.<\/h3>\n\n\n\n
\n\n\n\n

General Funds by percentage:<\/strong><\/h2>\n\n\n\n
\"pie<\/figure>
\n
  • 3% Renovation\/Capital<\/li>
  • 6%Operating<\/li>
  • 45% Library Collections<\/li>
  • 47% Salaries & Benefits<\/li><\/ul>\n<\/div><\/div>\n\n\n\n
    \n\n\n\n

    Fiscal Year (FY) 21 Budget vs. Actual Expenses<\/strong>:<\/h3>\n\n\n\n
    \"fiscal<\/figure><\/div>\n\n\n\n
    • Salaries + Benefits: FY21 Budget = $12,129,242| FY21 Actual = $10,325,572<\/li>
    • Operating: FY21 Budget = 2,412,742 | FY21 Actual = 1,282,408<\/li>
    • Renovations\/Capital: FY21 Budget = $700,000 | FY21 Actual = $701,782<\/li>
    • Collections: FY21 Budget = $10,658,284 | FY21 Actual = 10,139,364<\/li><\/ul>\n\n\n\n

      Highlights<\/strong>:<\/h3>\n\n\n\n
      • General funds were largely expended on salaries and library collections. The actual salaries and operating spending are lower than the previous fiscal year due to the pandemic.<\/li>
      • The collection spending stays the same \u2013 showing consistent demands from faculty and staff.<\/li><\/ul>\n\n\n\n
        \n\n\n\n
        \"local<\/figure><\/div>\n\n\n\n

        Local Funds FY21 Beginning vs. Ending Balance<\/strong>:<\/h3>\n\n\n\n
        • Designated: Beginning = $2,628,676 | Revenue & Transfer In = $1,806,883 | Expenses & Transfer Out = $1,218,508 | Ending Balance = $3,217,051<\/li>
        • Endowments: Beginning = $1,060,643 | Revenue & Transfer In = $878,779 | Expenses & Transfer Out = $693,545 | Ending Balance = $1,245,878<\/li>
        • Gifts: Beginning = $387,203 | Revenue & Transfer In = $75,617 | Expenses & Transfer Out = $25,215 | Ending Balance = $437,604<\/li>
        • Plant: Beginning = $766,670 | Revenue & Transfer In = $29,902 | Expenses & Transfer Out = $63,049 | Ending Balance = $733,523<\/li>
        • Grand Total: Beginning = $4,843,192 | Revenue & Transfer In = $2,791,181 | Expenses & Transfer Out = $2,00,318 | Ending Balance = $5,634,056<\/li><\/ul>\n\n\n\n

          Highlights:<\/strong><\/h3>\n\n\n\n
          • Earned $878.8 K in endowment revenue; $75.6K in gift fund<\/li>
          • Received $400K+ in revenue from UCL services provided to Children\u2019s Hospital, UC Health, UC COM and others.<\/li>
          • Received $700K Grant Funding from Andrew W. Mellon Foundation for Computable Archives \u2013 Activating Digital Archives with Machine Learning and Data Visualization for Transdisciplinary Digital Scholarship.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"

            Reporting of both General and Local Funds for Fiscal Year 2021. General Funds by percentage: 3% Renovation\/Capital 6%Operating 45% Library Collections 47% Salaries & Benefits Fiscal Year (FY) 21 Budget vs. Actual Expenses: Salaries + Benefits: FY21 Budget = $12,129,242| FY21 Actual = $10,325,572 Operating: FY21 Budget = 2,412,742 | FY21 Actual = 1,282,408 Renovations\/Capital: FY21 Budget = $700,000 | FY21 Actual = $701,782 Collections: FY21 Budget = $10,658,284 | FY21 Actual = 10,139,364 Highlights: General funds were largely expended on salaries and library collections. The actual salaries and operating spending are lower than the previous fiscal year due to the pandemic. The collection spending stays the same \u2013 showing consistent demands from faculty and staff. Local Funds FY21 Beginning vs. Ending Balance: Designated: Beginning = $2,628,676 | Revenue & Transfer In = $1,806,883 | Expenses & Transfer Out = $1,218,508 | Ending Balance = $3,217,051 Endowments: Beginning = $1,060,643 | Revenue & Transfer In = $878,779 | Expenses & Transfer Out = $693,545 | Ending Balance = $1,245,878 Gifts: Beginning = $387,203 | Revenue & Transfer In = $75,617 | Expenses & Transfer Out = $25,215 | Ending Balance = $437,604 Plant: Beginning = $766,670 | Revenue & Transfer In = $29,902 | Expenses & Transfer Out = $63,049 | Ending Balance = $733,523 Grand Total: Beginning = $4,843,192 | Revenue & Transfer In = $2,791,181 | Expenses & Transfer Out = $2,00,318 | Ending Balance = $5,634,056 Highlights: Earned $878.8 K in endowment revenue; $75.6K in gift fund Received $400K+ in revenue from UCL services provided to Children\u2019s Hospital, UC Health, UC COM and others. Received $700K Grant Funding from Andrew W. Mellon Foundation for Computable Archives \u2013 Activating Digital Archives with Machine Learning and Data Visualization for Transdisciplinary Digital Scholarship.<\/p>\n","protected":false},"author":2,"featured_media":3033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132],"tags":[155,133],"class_list":["post-2921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-annual-progress-report","tag-financials","tag-statistics"],"_links":{"self":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/comments?post=2921"}],"version-history":[{"count":3,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2921\/revisions"}],"predecessor-version":[{"id":3018,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/posts\/2921\/revisions\/3018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/media\/3033"}],"wp:attachment":[{"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/media?parent=2921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/categories?post=2921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/libapps.libraries.uc.edu\/source\/wp-json\/wp\/v2\/tags?post=2921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}