Page 54 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Donations Fund

FY 18/19 Adopted FY 18/19 Revised FY 19/20 Adopted

Revenue $327,802 $367,862 $301,164

Expenditures $298,388 $329,755 $264,388
Balance $29,414 $38,107 $36,776

FY 2018/2019 Revised Budget

There is an overall increase of $40,060 or 12% in the Donations Fund revenues compared to
the FY 2018/2019 Adopted Budget. The majority of the increase was from the prior year
encumbrance rolls of $24,682. The balance of the fund’s increase is a combination of more
donations for the Women in Law Enforcement conference and the animal shelter.

There is an increase of $31,367 in Donation Fund expenditures included in the FY 2018/2019
Revised Budget. Increased expenditures are primarily related to previous year encumbrances for
the art installation at Northfield Park. There is a projected ending balance of $38,107 that will be
an addition to reserves.

FY 2019/2020 Adopted Budget

There is a decrease of $26,638 in revenue expected in the Donations Fund in FY 2019/2020
compared to the adopted budget. Major changes in revenues include a decrease in the fund
used for the Women in Law Enforcement Conference which totals at $35,000. The conference
funds have been moved to a non-city account. Other decreases in fund revenues come from lost
book reimbursements, Heroes and Helpers, and the NRH Road Runner 5K.These decreases are
partially offset by an increase in investment income of $5,462 and small increases in other
accounts.

Expenditures are expected to decrease by $34,000 from the FY 2018/2019 Adopted Budget.
This change is due in large part to the removal of the Women in Law Enforcement Conference
from the donation fund which totals $35,000. The FY 2019/2020 Adopted Budget projects a
positive ending balance for this fund of $36,776, which will be an addition to reserves.

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