Financial, Legal, & Other Information

The Lake Bluff Public Library is a village library and local unit of government operating in accordance with the Illinois Local Library Act, 75 ILCS 5/1-0.1 et seq. The Library is a component unit of the Village of Lake Bluff with a separately elected Board of Trustees. The Illinois Local Library Act defines the powers and duties of the Board of Library Trustees, which include "the exclusive control of the expenditure of all moneys collected for the Library and deposited to the credit of the Library fund" (75 ILCS 5/4-7(2)). Local property taxes that fund the Library are levied annually by the Village in amounts determined by the Library Board.

Budget & Finances

Audits

The Library is audited on an annual basis. Click on one of the links below to download a PDF copy of our audits from the past 5 years. Audit reports prior to fiscal year 2009-2010 are available—please call or visit the library if you are interested in looking at a copy.

2018-2019 Audit Report
2017-2018 Audit Report
2016-2017 Audit Report
2015-2016 Audit Report
2014-2015 Audit Report
2013-2014 Audit Report
2012-2013 Audit Report
2011-2012 Audit Report
2010-2011 Audit Report
2009-2010 Audit Report

Budgets

The Library Board of Trustees approves an annual operating budget, which is then sent on to the Village of Lake Bluff. Budget discussions for the upcoming fiscal year typically begin in December, with the final budget approved at the February meeting of the Board. We are working on adding more budget information to this page--please check back or call the library if you are interested budget information for a particular year.

2019-2020 Budget
2018-2019 Budget
2017-2018 Budget
2016-2017 Budget
2015-2016 Budget
 


Intergovernmental Agreements

Intergovernmental Agreement with District 65 - 2017-2018
Intergovernmental Agreement with District 115 - 2017-2018