Funding 2017-04-17T14:55:43+00:00

Funding

Rockville Public Library is a 501(c)3 non-profit association library incorporated in 1893. An association library is privately owned and not funded 100% by the Town as a municipal library would be. When our library was founded, the estate of George Maxwell and the City of Rockville and the Town of Vernon shared the costs equally. From 1904 through late 1960’s the library was completely self-funded through our endowment. At that time, the Board of Trustees asked the town to revisit the original partnership and the Town of Vernon began contributing to the Library operating budget with the amount increasing over the years. For the FY 2017 year (July 2016-June 2017) the Town contributed $460,000 or about 48% of the library’s operating budget.

For FY 2016-2017 the total town budget was $88,910,959. The library appropriation equaled 0.005 % (1/2 of 1%) of the town budget. At the current mill rate of 38.05, the library appropriation equals $0.19 per thousand dollars of assessed value (a house assessed at $200,000 would equal a yearly contribution to the library of $38).

The remaining funds needed to complete the library budget of approximately $950,000 are a combination of monies taken from our 113-year-old endowment and other raised through fundraisers, grants, and donations. Our major fundraising projects include the Annual Appeal, The Fall Scrabble® Challenge, and the Community Tree Festival.

Click HERE to see a copy of our FY 2016 Annual Report Infographic showing the services we provide and an overview of how the library is used by the community.

Visit ROI 2016 to see a calculation of the return on investment values for library services. Presently, for every dollar the town gives, you receive $5.06 in services.

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