Library Finance
2023 Operating Budget Reports
2023 Operating Budget - Adoption (PDF)![Pie chart of 2023 Gross Expenditure. Salaries and benefits make up 72% ($169m); library materials make up 9.1% ($21.4m); facilities and IT make up 17.5% ($41.1m), other expenditures make up 1.3% ($3.1m).](https://cdn.statically.io/img/www.torontopubliclibrary.ca/content/about-the-library/library-finance/images/2023-expenditure.png)
Salaries and Benefits | $168,999,071 | 72.0% |
Library Materials | $21,447,510 | 9.1% |
Facilities and IT | $41,094,508 | 17.5% |
Other Expenditures | $3,069,222 | 1.3% |
Total Expenditures | $234,610,257 | 100% |
![Pie chart of 2023 Revenue Budget. City funding makes up 91% ($213.6m); provincial grants make up 2.4% ($5.7m); fines, fees and rentals make up 3.7% ($8.7m); development charges and other make up 2.8% ($6.6m).](https://cdn.statically.io/img/www.torontopubliclibrary.ca/content/about-the-library/library-finance/images/2023-revenue.png)
City Funding | $213,558,980 | 91.0% |
Provincial Grants | $5,714,187 | 2.4% |
Fines, Fees and Rentals | $8,718,156 | 3.7% |
Development Charges and Other | $6,618,934 | 2.8% |
Total Revenue | $234,610,257 | 100% |
2023 Capital Budget Funding Sources
2023-2032 Capital Budget and Plan - Adoption (PDF)![Pie chart of 2023 Capital Budget Funding Sources. Debt makes up 83.2% ($42.2m); development charges make up 9.9% ($5.0m) ; contribution from operating makes up 0.8% ($0.4m); other makes up 6.1% ($3.1m).](https://cdn.statically.io/img/www.torontopubliclibrary.ca/content/about-the-library/library-finance/images/2023-capital-budget.png)
Debt | $42,131,721 | 83.2% |
Development Charges | $5,013,000 | 9.9% |
Contribution from Operating | $400,000 | 0.8% |
Other | $3,073,956 | 6.1% |
Total Sources of Funding | $50,618,677 | 100% |