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111 Library Local Option Levy
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 1,169,252 544,992 a 1,714,244
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes 2,576,000 0 2,576,000
<br /> Miscellaneous 14,000 0 14,000
<br />Total Revenue 2,590,000 0 2,590,000
<br />TOTAL RESOURCES 3,759,252 544,992 4,304,244
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Library, Recreation and Cultural Services 2,417,582 (10,000) b 2,407,582
<br />Total Department Operating 2,417,582 (10,000)2,407,582
<br />Non-Departmental
<br /> Reserve 1,341,670 0 1,341,670
<br /> Balance Available 0 554,992 a,b 554,992
<br />Total Non-Departmental 1,341,670 554,992 1,896,662
<br />TOTAL REQUIREMENTS 3,759,252 544,992 4,304,244
<br />111 Library Local Option Levy Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$544,992 and increase Balance Available by the same amount. This adjustment brings the FY19 budgeted
<br />Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as
<br />determined by Isler & Company, LLC, the City's external auditor.
<br />b) Encumbrance Estimate Reconciliation: Reduce the Library, Recreation and Cultural Services
<br />Department operating appropriations by $10,000 to reconcile the amount estimated for payment of obligations
<br />incurred but not paid in FY18 to the actual amount paid, and increase Balance Available by the same amount.
<br />14 December 10, 2018, Meeting – Item 5
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