13-0820_AVI-CON DBA CA CONSTRUCTION_D14_Correspondence (2)Maria Morris
To:
Subject:
Lori Doll
RE: Friends of the Library Numbers - Consent Item D14
On Tue, Aug 20, 2013 at 11:44 AM, Contract Consultants
8/20/2013
Sure. Here they are and attached is the letter I was planning on e -mailing out if it's OK with you. First of all,
I'd like to correct an item that was printed in today's agenda item in error. The agenda item indicates
$50,000/year in bookstore sales. This is inaccurate. Our bookstore sales numbers over the last five years are as
follows:
1. FY 5/31/09 $15,789.77 ($1,316/mo average)
2. FY 5/31/10 $19,927.91 ($1,660/mo average)
3. FY 5/31/11 $18,550.75 ($1,546/mo average)
4. FY 5/31/12 $15,191.80 ($1,266/mo average)
5. FY 5/31/13 $13,563.75 ($1,130/mo average)
Total: $83,023.98 over the last 5 years, plus online sales over 3 years averaging $800/year.
The downward trend mirrors the economy. The bookstore market overall has faced declining sales over the last
several years — with bookstore chains and independent bookstores closing at an alarming rate. Our sales have
faced a downturn over the past two years, consistent with the overall weak economy. We experienced out
lowest sales last year, but things are steadily moving up in the months since our fiscal year ended in May. The
last three months shows the beginnings of a possible upward trend:
• May $ 995.25
• June $1,271.75
• July $1,112.25
Total: $3,379.25 ($1,127.42/mo average)
With more visibility, we project monthly sales will increase to $2,000/month in the first year ($24,000), then to
$37,517 in the second year and then to $49,517 and then level off to $55,000 over the course of the next three
years. This and special fundraising efforts will provide SJCFOL with operating funds and monies for some
library programs until the debt is retired.
See attached letter for more details.
amp
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