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2017 Operating Budget Reports

2017 Gross Expenditure Budget

The majority of 2017 expenditures are salaries and benefits (74%),
facilites & IT (14%), library collections (10%) and other expenditures (2%).
Salaries and Benefits $147,576,330 74%
Library Collections $19,752,354 10%
Facilities and IT $27,540,128 14%
Other Expenditures $4,178,390 2%
Total Expenditures $199,047,202 100%

2017 Revenue Budget

The majority of 2017 revenues are city funding (90%),
fines, fees and rentals revenues (3%), provincial grants (3%) and developmental charges & other (4%)
City Funding $179,051,787 90%
Provincial Grants $5,678,427 3%
Fines, Fees and Rentals $6,738,218 3%
Development Charges and Other $5,528,316 4%
Total Revenue $199,047,202 100%

2017 Capital Budget Reports

2017 Capital Budget Funding Sources

The majority of 2017 capital budget funding sources are debt (67.6%),
development charges (21.8%), reserves (2%), federal grant (1.9%), other (2%)
Debt $19,966,800 67.6%
Development Charges $6,437,000 21.8%
Reserves $580,000 2.0%
Transfer from Operating $1,378,000 4.7%
Other $605,000 2.0%
Total Sources of Funding $29,524,112 100%