Policies, Financial, & 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. Audit reports from other years are available by request. Please contact the Library Director for more information.

2021-2022 Audit Report
2020-2021 Audit Report
2019-2020 Audit Report

Budgets

The Library's fiscal year is May 1 through April 30. 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. Budget documents for other years may be available by request. Please contact the Library Director for more information.

2024-2025 Budget
2023-2024 Budget
2022-2023 Budget
2021-2022 Budget
 


IMRF Employer Cost & Participation Information

Public Act 101-0504 requires all IMRF employers with websites to include a link to the IMRF Employer Cost and Participation web page.


Intergovernmental Agreements

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