2010 Report to the Friends of the Library of Flagler County - FOLFC

 

A History of 32 Years:

 

The FOLFC is a 501(c)3 not-for-profit corporation formed in 1978 through the support of concerned citizens. It has been said that at the heart of every great community is great library. To ensure this, the FOLFC is committed to developing resources - above and beyond taxpayer support - for a public-private partnership to help keep our library vital for all patrons.

 

A few years ago, the Annual FOLFC Budget to support our library was around $50,000. Today, we are approaching that level of expenditures in 6 months. This is possible due to the continued and generous contributions of both our Individual and Corporate members.

 

CY 2010 Plan:   $79,800

CY 2009 Actual: $78,816

CY 2008 Actual: $76,676

CY 2007 Actual; $70,504

CY 2006 Actual: $66,685

CY 2005 Actual: $59,896

CY 2004 Actual; $54,645

 

Today, our library is hosting on an annual basis about 500 Children’s, Young Adults and Adult programs with an attendance of almost 20,000. The FOLFC makes this possible by funding fees, supplies and refreshments. In addition to these activities, FOLFC expenditures are made for equipment, furniture, technology and books. Today, expenditures by the Friends enriches and expands the offerings of our public library for about 40,000 citizen patrons.

 

In July of 2003, the FOLFC board passed a resolution establishing an Endowment Fund. Merrill Lynch is the custodian of these funds. Over the past 7 years, FOLFC has received $48,000 in Interest/Dividends and $20,000 in Capital Gains distributions. These earnings helped fund scholarships and library equipment purchases.

 

These results would not be possible without the generosity of the individual and corporate members of the FOLFC. The FOLFC Board, the Library Director and Trustees and the Board of Commissioners of Flagler County