Finance Archive

  • gas-pump-prices

    2011 Federal Standard Mileage Rage

    The 2011 federal standard business rate for mileage reimbursement will be 51¢ per mile.  Employers are not required to reimburse mileage at the federal rate.  If your library does not use the federal rate, make sure that the rate is reviewed annually to provide fair reimbursement.  Any mileage reimbursed at a [...]

    Full Story

  • computerpayroll

    Public Library Tax Payments Online

    Public libraries – are you all signed up to begin doing your Kansas Withholding online?? You should have received a letter from the Kansas Department of Revenue. The upshot is that all public libraries with payroll are required to begin submitting Kansas Withholding Tax forms electronically effective July 1, 2010. Those of you with monthly [...]

    Full Story

  • Dollar sign

    Friends of Libraries and Foundations Tax Filing Extension

    Nonprofit organizations including Friends of Libraries groups and Foundations are at risk of losing their tax-exempt status if they have failed to file required federal tax returns for 2007, 2008 and 2009. Small nonprofit organizations that file a 990-N or 990-EZ tax return can preserve their status by filing returns by Oct. 15, 2010, [...]

    Full Story

  • The NEKLS Foundation and Your Library

    The NEKLS Foundation and Your Library

    The newly established Northeast Kansas Library Foundation can be an asset for your library if you do not have a local foundation or Friends of Libraries with IRS 501-c-3 tax exempt status. What can the foundation do for you – and what can it not do? The Northeast Kansas Library Foundation CAN: Accept gifts and grants of [...]

    Full Story

  • Public Library Survey Workshop

    Public Library Survey Workshop

    Take this opportunity to fill out all the year-end information required by the State Library of Kansas on ONE form, with ONE deadline.  Peter Haxton, State Data Center Coordinator at the State Library of Kansas, as well as NEKLS Business Manager Laura DeBaun will be on hand to help you through the process. The Public Library [...]

    Full Story

  • Northeast Kansas Library Foundation: a New Partner for Library Progress

    Northeast Kansas Library Foundation: a New Partner for Library Progress

    The Northeast Kansas Library Foundation is a new organization created to support library services in Northeast Kansas. The foundation has been recognized as a tax-exempt support organization by the IRS, and will pursue the following goals: Apply for grants and other financial assistance that is restricted to 501-c-3 tax exempt non-profit organizations. Provide a legal entity to [...]

    Full Story

  • Federal Minimum Wage to Increase to $5.85 per hour on July 24, 2007

    Federal Minimum Wage to Increase to $5.85 per hour on July 24, 2007

    On May 25, 2007 President Bush signed legislation (H.R. 2206) that included increasing the federal minimum wage for the first time since 1997. The Act, referred to as the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 contains the Fair Minimum Wage Act of 2007 (Title VIII, Subtitle A) and [...]

    Full Story