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Beaufort County libraries report $5.2 million in impact fees, rising circulation and heavy digital spending
Summary
Library staff told the Beaufort County Library Board the system has $5.2 million in impact fee funds, strong year-to-date circulation and is spending a large share of materials money on Hoopla and other digital services.
Beaufort County Library officials told the library board they are carrying about $5.2 million in impact-fee funds and expect to spend nearly $1 million on materials before the end of the fiscal year.
At the board’s meeting, the library system’s financial presenter said the $5.2 million balance includes roughly $4.2 million associated with the old impact-fee system and just under $1 million in the new system, and that about half of the total is already earmarked for projects including Pritchardville, Bluffton Phase 2 and…
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