Page 140 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

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
2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 FY2025-2026
Actual Actual Budget Projected Budget VS 2024-2025

Fund Balance, October 1 $62,126 $69,545 $68,545 $74,612 $65,412
Revenues:
Library Donations 5,080 4,888 6,000 4,000 5,000 -16.7%
Interest Earnings 3,098 3,804 100 2,800 100 0.0%
Operating Revenues $ 8,178 $ 8,692 $ 6,100 $ 6,800 $ 5,100 -16.4%

Total Available Resources $ 70,304 $ 78,237 $ 74,645 $ 81,412 $ 70,512 -9.9%

Expenditures:
Personnel 0 0 0 0 0 0.0%
Library Materials 759 3,625 10,000 16,000 29,000 700.0%
Maintenance 0 0 0 0 0 0.0%
Capital Outlay 0 0 0 0 0 0.0%
Operating Expenditures 759 3,625 10,000 16,000 29,000 700.0%

TOTAL OPERATING & TRANSFERS $ 759 $ 3,625 $ 10,000 $ 16,000 $ 29,000 700.0%

Fund Balance, September 30 $69,545 $74,612 $64,645 $65,412 $41,512

CHANGE IN FUND BALANCE $7,419 $5,067 ($3,900) ($9,200) ($23,900)

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