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<br />LIBRARY
<br />
<br />REVENUE ANALYSIS
<br />
<br />GENERAL PROPERTY TAX
<br />INTERGOVERNMENTAL REVENUES
<br />OTHER REVENUES
<br />TOTAL
<br />
<br />2004
<br />ACTUAL
<br />$ 64,411
<br />4,258
<br />112,673
<br />$ 181,342
<br />
<br />2005
<br />ACTUAL
<br />$ 65,124
<br />3,640
<br />114,653
<br />$ 183,417 $
<br />
<br />2006 2007
<br />AMENDED PROPOSED
<br />$ 69,000 $ 150,000
<br />
<br />100,400 100,400
<br />169,400 $ 250,400
<br />
<br />Dollar Increase $2,075 ($14,017) $81,000
<br />Percent Increase 1.14% -7.64% 47.82%
<br />GENERAL PROPERTY TAX
<br />Ad Valorem Tax ... $ 150,000 $ 150,000
<br />OTHER REVENUES
<br />Building Rent 5,400
<br />Interest Income 5,000
<br />Host Fee 90,000 100,400
<br /> $ 250,400
<br />
<br />EXPENDITURE ANALYSIS
<br />
<br />Dollar Increase
<br />Percent Increase
<br />
<br /> 2004 2005 2006 2007
<br /> ACTUAL ACTUAL AMENDED PROPOSED
<br />$ 6,451 $ 11,063 $ 14,650 $ 16,550
<br /> 9,751 7,487 6,400 6,850
<br /> 38,695 44,081 36,200 39,400
<br /> 224,530
<br /> 110,033
<br />$ 389,460 $ 62,631 $ 57,250 $ 62,800
<br /> ($326,829) ($5,381) $5,550
<br /> -83.92% -8.59% 9.69%
<br />
<br />PERSONAL SERVICES
<br />SUPPLIES
<br />OTHER SERVICES & CHARGES
<br />CAPITAL OUTLAY
<br />TRANSFERS OUT
<br />TOTAL
<br />
<br />PERSONAL SERVICES
<br />Part Time Salaries
<br />Employee Pensions
<br />Employee Insurance
<br />
<br />$ 14,550
<br />1,800
<br />200 $ i 6,550
<br />
<br />SUPPLIES
<br />Office Supplies
<br />Operating Supplies
<br />
<br />350
<br />6,500
<br />
<br />6,850
<br />
<br />OTHER SERVICES & CHARGES
<br />Postage
<br />Conferences & Schools
<br />Publishing
<br />Insurance
<br />Utilities
<br />Bldg. Repair/Maint.
<br />Equip. Repair/Maint.
<br />Programming
<br />Dues & Subscriptions
<br />
<br />50
<br />1,500
<br />1,400
<br />3,000
<br />11,600
<br />9,300
<br />700
<br />11,500
<br />350
<br />
<br />39,400
<br />
<br />CAPITAL OUTLAY
<br />Improvement Projects
<br />
<br />TRANSFERS OUT
<br />Building Debt
<br />
<br />$ 62,800
<br />
<br />Construction costs not included in amounts above:
<br />10/06 Project Budget $ 4,700,105
<br />
<br />Sources of Funds:
<br />Library Fund
<br />Government Buildings Reserve
<br />Capital Outlay Reserve Host Fee
<br />2006 Library Budget
<br />Subtotal
<br />
<br />$ 302,000
<br />550,000
<br />641,000
<br />60,000
<br />
<br />1,553,000
<br />
<br />Bond Proceeds needed
<br />
<br />3,147,105
<br />
<br />Bond issuance costs
<br />
<br />72,895
<br />
<br />Bond issue
<br />
<br />$ 3,220,000
<br />
<br />Sale proceeds from the house and lot are not included in the project
<br />budget because the timing of the sales is unknown. The sale proceeds
<br />will be used as available to fund debt service.
<br />
<br />Bonds will be repaid through available reserve funds and tax levies.
<br />
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