| CITY OF BURLINGTON | ||||||||||||||||||||||
| SPECIAL REVENUE LIBRARY FUND | ||||||||||||||||||||||
| BUDGET FOR THE YEAR 2008 | ||||||||||||||||||||||
| Anticipated | Proposed | Proposed | Proposed | |||||||||||||||||||
| Actual | Budget | Actual | Budget | Actual | Budget | Budget | Budget | |||||||||||||||
| 2005 | 2006 | 2006 | 2007 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||
| Revenues | ||||||||||||||||||||||
| Taxes | $ | - | $ | ####### | $ | 292,786 | $ | 301,570 | $ | 301,570 | $ | 310,617 | $ | 319,936 | $ | 329,534 | ||||||
| Intergovernmental Revenues(1) | ####### | ####### | 288,384 | 310,000 | 310,000 | 310,000 | 310,000 | 310,000 | ||||||||||||||
| Charges for Services | 29,700 | 30,800 | 29,318 | 31,200 | 31,200 | 31,700 | 31,700 | 31,700 | ||||||||||||||
| Other - Resource Development(1) | 34,536 | 10,500 | 32,043 | 16,500 | 15,965 | 10,000 | 10,000 | 10,000 | ||||||||||||||
| Interest Income | 859 | 1,000 | 4,768 | 730 | 6,800 | 5,500 | 5,500 | 5500 | ||||||||||||||
| Miscellaneous | - | 675 | 396 | 10,500 | 10,400 | 10,400 | 10,400 | 10400 | ||||||||||||||
| Total Revenues | ####### | ####### | 647,695 | 670,500 | 675,935 | 678,217 | 687,536 | 697,134 | ||||||||||||||
| Expenditures | ||||||||||||||||||||||
| Current: | ||||||||||||||||||||||
| Culture, Recreation and Education | ####### | ####### | 660,307 | 694,426 | 678,417 | 717,253 | 722,360 | 748,254 | ||||||||||||||
| Excess Revenues Over (Under) Expenditures | ####### | ####### | - | (12,613) | (23,926) | (2,482) | (39,036) | (34,825) | (51,120) | |||||||||||||
| Operating Transfer In- General Fund | - | - | - | 20,000 | - | - | ||||||||||||||||
| Operating Transfer Out-Pension Loan | - | (4,683) | (4,683) | (4,683) | (4,683) | (4,683) | (4,683) | (4,683) | ||||||||||||||
| Fund Balance - January 1 | 41,108 | (61,779) | 52,614 | 35,318 | 35,318 | 28,153 | 4,435 | (35,073) | ||||||||||||||
| Fund Balance - December 31 | $ | (61,779) | $ | 84,932 | $ | 35,318 | $ | 6,709 | 28,153 | $ | 4,435 | $ | (35,073) | (90,876) | ||||||||
| (1) Revenue anticipates increased circulation to non-residents and a greater portion of County funding to the City's Library in 2007 and 2008. | ||||||||||||||||||||||
| Page 61 | ||||||||||||||||||||||