Financial Management for Libraries by William W. Sannwald

Author:William W. Sannwald [Sannwald, William W.]
Language: eng
Format: epub
Tags: LAN025000 Language Arts & Disciplines / Library & Information Science / General
Publisher: American Library Association

Building & Equipment Reserve

6,074,531

0

561,783

(561,783)

5,512,748

Working Cash

5,373,013

0

0

0

5,373,013

Total Budget

$15,318,192

$15,540,648

$16,328,748

$ (788,100)

$14,530,092

EXHIBIT 5.1: Operating Budget (continued) (page 2 of 3)

Revenues

The only fund showing revenues being projected for 2015/2016 is the General Fund. The Working Cash Fund and Building and Equipment Reserve Fund do not receive revenues, as there is a policy that all investment earnings of those two funds are recorded in the General Fund. For the 2015/2016 fiscal year, General Fund revenues are expected to total $15.5 million. This is a 1.3% increase over the current year’s budget, and a 0.7% increase over the current projections for 2014/2015 budget.

The following table compares the 2015/2016 operating budget revenue projections to the prior year’s budget and projected figures.

GENERAL FUND REVENUES 2015/2016

REVENUE 2014/2015 BUDGET 2014/2015 PROJECTED 2015/2016 Budget PERCENT CHANGE*

Property Tax Revenue

$14,446,842

$14,517,378

$14,717,500

1.9%

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