Page 243 - CityofWataugaAdoptedBudgetFY25

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
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025 FY2024-2025
Actual Actual Budget Projected Budget VS 2023-2024

Fund Balance, October 1 $56,357 $62,126 $66,126 $69,545 $68,545
Revenues:
Library Donations 5,400 5,080 6,000 6,000 6,000 0.0%
Interest Earnings 369 3,098 100 3,000 100 0.0%
Operating Revenues $ 5,769 $ 8,178 $ 6,100 $ 9,000 $ 6,100 0.0%

Total Available Resources $ 62,126 $ 70,304 $ 72,226 $ 78,545 $ 74,645 3.3%

Expenditures:
Personnel 0 0 0 0 0 0.0%
Library Materials 0 759 10,000 10,000 10,000 0.0%
Maintenance 0 0 0 0 0 0.0%
Capital Outlay 0 0 0 0 0 0.0%
Operating Expenditures 0 759 10,000 10,000 10,000 0.0%

TOTAL OPERATING & TRANSFERS $ - $ 759 $ 10,000 $ 10,000 $ 10,000 0.0%
Fund Balance, September 30 $62,126 $69,545 $62,226 $68,545 $64,645

CHANGE IN FUND BALANCE $5,769 $7,419 ($3,900) ($1,000) ($3,900)

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