Page 337 - Southlake FY20 Budget

Special Revenue Funds

Library Donation Fund

SPECIAL REVENUE FUND

This fund accounts for library donations collected. Use of these funds is restricted for library purposes.
Library Donations
2020 Proposed and 2019 Revised Budget
09:35 PM
08/11/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Donations $10,471 $10,000 $10,000 $0 0.0% $10,000 $0 0.0%
Interest 68 25 125 100 400.0% 125 100 400.0%
Total Revenues $10,539 $10,025 $10,125 $100 1.0% $10,125 $100 1.0%

EXPENDITURES
Special Projects $9,634 $10,000 $10,000 $0 0.0% $10,000 0 0.0%
Library supplies 0 0 0 0 0.0% 0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $9,634 $10,000 $10,000 $0 0% $10,000 $0 0.0%

Net Revenues $905 $25 $125 $100 $125 $100

Transfer to other funds $0 $0 $0 $0
Total Other Sources/(Uses) $0 $0 $0 $0

Beginning Fund Balance $7,433 $8,338 $8,338 $8,463
Ending Fund Balance $8,338 $8,363 $8,463 $8,588

FY 2020 Highlights:

• The budget anticipates a beginning fund balance of $8,463.

• Staff is anticipating approximately $10,000 in donations and the expenditures will be for special projects, which
are often defined by the donor.

• Ending fund balance is projected at $8,588.

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