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111 Library Local Option Levy Fund
<br />FY07FY07FY07
<br />doptedSB1 ActionRevised
<br />A
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITA
<br />L2,084,08130,3672,214,44
<br />07
<br />a
<br />CHANGE TO WORKING CAPITA
<br />L
<br />REVENUE
<br /> Taxes4,731,1504,731,15
<br />99
<br /> Rental25,240025,240
<br /> Miscellaneous115,7510115,751
<br />Total Revenue4,872,15004,872,150
<br />TOTAL RESOURCES6,956,230130,3677,086,59
<br />7
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Library, Rec & Cultural Svcs5,064,462470,3385,534,800
<br />b,c
<br />Total Department Operating5,064,462470,3385,534,800
<br />Non-Departmental
<br /> Reserve 1,050,768(339,971)710,797
<br />a, b,c
<br /> UEFB841,0000841,000
<br />Total Non-Departmental 1,891,768(339,971)1,551,797
<br />TOTAL REQUIREMENTS6,956,230130,3677,086,59
<br />7
<br />111 Library Local Option Levy Fund
<br />a) Increase the budgeted Beginning Working Capital by $130,367 and increase the Library Levy reserve by the
<br />same amount. The increase brings the FY07 Budgeted Beginning Working Capital in compliance with the
<br />audited FY06 actual revenues and expenditures as determined by Grove, Mueller & Swank P.C., the City's
<br />external auditor.
<br />b) Decrease LRCS Department operating appropriation by $910 to reconcile the amount estimated for payment
<br />of obligations incurred but not paid in FY06 to the actual amount paid and increases the Library Levy reserve by
<br />the same amount.
<br />c) Allocate $471,248 of Library Levy reserve to the LRCS operating budget to complete projects started in FY06
<br />and to meet additional library materials and services requirements.
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