Page 225 - CityofWataugaAdoptedBudgetFY24

SPECIAL REVENUE FUNDS

LIBRARY DONATION FUND – FUND 23

The Library Donation Fund is a Special Revenue Fund used to account for specific
revenues that are legally restricted to expenditures for particular purposes. The Library
Donation Fund was established to give Watauga citizens the opportunity to assist the
Library in purchasing supplies. Each month, citizens are given the opportunity to donate
$1 when paying their water and sewer bill.

This money is used to purchase additional library supplies such as books, audio and
videotapes, periodicals, and other types of supplies.

LIBRARY DONATION FUND BUDGET SUMMARY

HISTORY PROJECTED YEAR BUDGET %CHANGE
2020-2021 2021-2022 2022-2023 2022-2023 2023-2024 FY2023-2024
Actual Actual Budget Projected Proposed VS 2022-2023

Fund Balance, October 1 $50,489 $56,357 $51,757 $62,126 $66,126
Revenues:
Library Donations 5,822 5,400 6,000 6,000 6,000 0.0%
Interest Earnings 46 369 100 2,000 100 0.0%
Operating Revenues $ 5,868 $ 5,769 $ 6,100 $ 8,000 $ 6,100 0.0%

Total Available Resources $ 56,357 $ 62,126 $ 57,857 $ 70,126 $ 72,226 24.8%

Expenditures:
Personnel 0 0 0 0 0 0.0%
Library Materials 0 0 10,000 4,000 10,000 0.0%
Maintenance 0 0 0 0 0 0.0%
Capital Outlay 0 0 0 0 0 0.0%
Operating Expenditures 0 0 10,000 4,000 10,000 0.0%

TOTAL OPERATING & TRANSFERS $ - $ - $ 10,000 $ 4,000 $ 10,000 0.0%

Fund Balance, September 30 $56,357 $62,126 $47,857 $66,126 $62,226

CHANGE IN FUND BALANCE $5,868 $5,769 ($3,900) $4,000 ($3,900)

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