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<br />111 Library Local Option Levy Fund
<br />
<br />I. RESOURCES
<br />
<br />FY06
<br />Adopted
<br />
<br />FY06
<br />SB1 Action
<br />
<br />FY06
<br />Revised
<br />
<br />BEGINNING WORKING CAPITAL
<br />
<br />1,736,789
<br />
<br />392,738 a
<br />
<br />2,129,527
<br />
<br />CHANGE TO WORKING CAPITAL
<br />
<br />REVENUE
<br />Taxes
<br />Rental
<br />Miscellaneous
<br />Total Revenue
<br />
<br />4,708,427 0 4,708,427
<br />22,040 0 22,040
<br />73,751 0 73,751
<br />4,804,218 0 4,804,218
<br />6,541,007 392,738 6,933,745
<br />
<br />TOTAL RESOURCES
<br />
<br />II. REQUIREMENTS
<br />
<br />Department Operating
<br />Library, Rec & Cultural $vcs
<br />Total Department Operating
<br />
<br />4,900,410 392,738 a 5,293,148
<br />4,900,410 392,738 5,293,148
<br />816,484 7,413 b 823,897
<br />7,413 (7,413) b 0
<br />816,700 0 816,700
<br />1,640,597 0 1,640,597
<br />6,541,007 392,738 6,933,745
<br />
<br />Non-Departmental
<br />Reserve
<br />Reserve for Encumbrances
<br />UEFB
<br />Total Non-Departmental
<br />
<br />TOTAL REQUIREMENTS
<br />
<br />111 Library Local Option Levy Fund
<br />
<br />a} This action increases the budgeted Beginning Working Capital by $392,738 and increases expenditure
<br />authority in the Library, Recreation, and Cultural Services Department by the same amount. The increase brings
<br />the FY06 Budgeted Beginning Working Capital in compliance with the audited FY05 actual revenues and
<br />expenditures as determined by Grove, Mueller & Swank P.C., the City's external auditor.
<br />
<br />b} This action eliminates the Reserve for Encumbrance and places the residual amount ($7,413) in Reserves.
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