CHARLESTON COUNTY PUBLIC LIBRARY ANNUAL BUDGET FISCAL YEAR 2019

Transcription

1 CHARLESTON COUNTY PUBLIC LIBRARY ANNUAL BUDGET FISCAL YEAR 2019 GENERAL FUND BUDGET HIGHLIGHTS The General Fund finances the day-to-day provision of library services for Charleston County. The Library s budget was prepared using the appropriation amount approved by Charleston County Council. The Fiscal Year 2019 (FY19) budget includes expenditures of $18,949,050 and revenues of $18,391,150 resulting in a deficit of $557,900 that will be financed with fund balance. A portion of the deficit ($225,000) is due to a reduction in the County appropriation to help finance replacement of the bookmobile in FY19. The following chart is a comparison of the Library s budgeted vs. actual surplus or deficit since FY2007: Net Change in Fund Balance Actual to Budget Comparison $1,000,000 $500,000 $ Est 2019 Bud $(500,000) $(1,000,000) $(1,500,000) $(2,000,000) Actual Budget Current projection of total fund balance at the end of fiscal year 2018 is $2,196,288. After financing the FY19 projected deficit, fund balance at June 30, 2019 would be $1,638,388. One month of FY19 budgeted expenditures is $1,579,088. June 20, 2018 Page 1 of 7

2 The following chart shows a history of the Library s fund balance since FY2007: $2,500,000 Fund Balance Compared to One Month of Expenditures $2,000,000 $1,500,000 $1,000,000 $500,000 $ * 2019* General Fund Balance One Month of Expenditures *Projected REVENUES The Library s operations are funded primarily through County appropriations. Additional funding comes from State Aid, fines, and other sources such as copier/printer charges, parking fees, etc. General fund revenues budgeted for FY19 are shown in the chart below: General Fund Revenues 95.2% 3.3% 0.9% 0.6% County State Sources Fines/Fees Other June 20, 2018 Page 2 of 7

3 Total General Fund budgeted revenues for FY19 are 9.5 percent greater than the FY18 budget. The FY19 County budget appropriation is 10.6 percent, or $1,678,243, greater than the FY18 budget. The increase includes $1,488,795 for costs expected to be needed in relation to the Library s expansion program in FY19. County appropriation includes reimbursement from the bond referendum of costs associated with a project manager. State Aid is budgeted at the same level as FY18 ($1.75 per capita). State Education Lottery Funds of $17,391 were received in FY18. This funding is dependent each year on State legislative action and has not been budgeted for FY19. Fine revenues are budgeted 39.5 percent less than FY18 to reflect the continuing decline in receipts. Other revenues include parking fees in the Main Library garage. The following chart shows total operating revenues since FY2007: $20,000,000 Operating Revenues $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ EST 2019 BUD EXPENDITURES The normal operations of the Library are accounted for in the General Fund. Budgeted expenditures for FY19 are 12.1 percent greater than the FY18 budget. Expansion related expenditures account for 8.8 percent, or $1,488,795, of the increase. The largest increase related to existing operations is personnel costs related to the longevity and merit pay program, rises in employee benefits, parking for Main Library employees, and full-year implementation of the results of a market study conducted by Charleston County. Other significant increases include information technology and replacement of parking garage equipment at the Main Library. Primary decreases are related to building related costs transferred to Charleston County. See below for discussion of specific increases and decreases. The chart below shows the relative size of each major expenditure category for FY19 to the total: June 20, 2018 Page 3 of 7

4 General Fund Expenditures Personnel Information Resources Information Technology 0.1% 0.1% 73.3% Capital Other 0.3% Copiers and Printers 0.5% 0.5% 0.6% Supplies Utilities Risk Management 0.7% Equipment R & M 1.1% Motor Vehicles 1.3% 1.4% 5.1% 14.9% Printing Building R & M The following chart shows total operating expenditures compared to budget since FY2007. Actual expenditures were less than budgeted for each year presented. $20,000,000 Total Expenditures $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $ EST 2019 BUD Actual Budget June 20, 2018 Page 4 of 7

5 PERSONNEL COSTS Personnel costs include wages and the associated employer costs. The budget for FY19 is $13,951,541. This represents 73.3 percent of the General Fund budget. The budget does not include a provision for an employee COLA. However, it does include the full year costs related to a compensation market study conducted by Charleston County and implemented during FY18. It also includes the estimated costs of employee Longevity pay as well as a Merit Pay program. Under the Longevity program, employees receive increases in annual wages at specified anniversary dates. The Merit Pay program provides an opportunity for employees with at least seven years of service to receive an adjustment in their rate of pay based upon performance reviews in years they are not eligible for a longevity adjustment. County Council approves the Merit Pay program rates of increase each year. A four percent vacancy allowance has been included in the budget. Personnel costs also include parking for staff of the Main Library in City of Charleston owned parking garages. The monthly budgeted rate is $125 per space. The Library leases 109 spaces for annual budgeted cost of $163,500. The FY19 budget is reduced to $146,625 due to the anticipated relocation of support personnel to a separate facility in the fourth quarter of the fiscal year. INFORMATION RESOURCES Information resources are Library collection items in various formats and certain costs associated with preparing them for public access. The budget for FY19 of $2,842,348 is an increase of $304,498, or 12.0 percent. Of this increase, $223,248 is related to new libraries in FY19. Information resources represent 14.9 percent of the General Fund budget, meeting State Aid minimum requirements. INFORMATION TECHNOLOGY Information technology includes hardware and software acquisitions and maintenance of the Library s automation systems, network infrastructure, staff and public computers, internet access, and other related costs. IT costs are budgeted for FY19 at $976,722. This represents 5.1 percent of the General Fund budget. Primary costs include leasing of public and staff use computers as well as certain network hardware at $277,977, integrated library system maintenance of $387,998, software maintenance contracts totaling $120,000, web site hosting of $37,000, and other costs of $153,747. COPIERS AND PRINTERS Lease costs and related supplies are included in the copiers and printers category. Expenditures are budgeted for FY19 at $209,216, an increase of $14,316, or 7.3 percent. Of this increase $5,806 is related to new libraries. The remaining increase is due to additional copiers added to a new lease contract executed in May Copiers represent 1.1 percent of the General Fund budget. SUPPLIES Supplies include various operating supplies such as office, data processing, and minor equipment. The FY19 budget is $125,896. This represents 0.7 percent of the General Fund budget. The increase from the FY18 budget is due to new libraries and current spending trends. June 20, 2018 Page 5 of 7

6 PRINTING Printing includes the costs of items printed externally for programs and promotion as well as internal use forms. The budget for FY19 is $28,214, an increase of $214, or 0.8 percent. This represents 0.1 percent of the General Fund budget. EQUIPMENT REPAIRS AND MAINTENANCE Equipment repairs and maintenance include annual contracts and repairs on various Library equipment. The FY19 budget is $90,510. This represents 0.5 percent of the General Fund budget and an increase of $44,280 from FY18. Installation of exterior security cameras at branches and addition of monitoring services accounts for the increase. BUILDING REPAIRS AND MAINTENANCE For FY18, the Charleston County Facilities Department assumed responsibility for all repairs and maintenance for buildings used by the Library. This included various maintenance activities, janitorial, and security services. The Library retains responsibility for garbage collections. For FY19, a provision is included for small repairs. Total expenditures are budgeted for FY19 at $19,004, or 0.1 percent of the General Fund budget. This is an increase of $7,444, or 64.4 percent. UTILITIES For FY19, the Charleston County Facilities Department will assume responsibility for the Library s electricity and gas, and water and sewer costs. These were anticipated to cost approximately $792,410. Data lines, and telephone related costs, including VOIP lease payments, will remain in the Library s budget. Expenditures are budgeted for FY19 at $113,506 or 0.6 percent of the General Fund Budget. MOTOR VEHICLES Motor vehicles include repairs, maintenance, and fuel for vehicles used in Library operations and employee mileage reimbursements when appropriate. Expenditures are budgeted for FY19 at $58,686 or 0.3 percent of the General Fund budget. This is an increase of $2,072, or 3.7 percent, from the prior fiscal year primarily due to higher repairs and maintenance costs. Repairs and fuel cost estimates are provided by the Charleston County Fleet Operations Department. RISK MANAGEMENT/INSURANCES For FY19, risk management, which includes property insurance, tort liability, business interruption, bookmobile, and other vehicle coverage, will be the responsibility of Charleston County. These costs were estimated for FY19 at $111,912. Despite not being included in the Library s budget, Library employees and the Board of Trustees are covered under tort liability insurance up to a maximum of $1,000,000. OTHER EXPENDITURES Other expenditures include various system-wide costs that are not otherwise classified. The most significant of these are audit services, postage and shipping, the material recovery service, public programming, and staff development and training. Expenditures are budgeted for FY19 at $255,907 or 1.4 percent of the General Fund budget. This represents an increase of 6.0 percent from the prior year. The most June 20, 2018 Page 6 of 7

7 significant changes are provision for increased staff development, and training (including a safety assessment and training), and decreased postage due to implementation of voice and text messaging of library notices to patrons. MISCELLANEOUS EXPENDITURES Miscellaneous expenditures include the board expenditure account and other costs not classified elsewhere. Board expenditures for FY19 are budgeted at $2,500, the same as the prior year. CAPITAL Capital expenditures include replacement of parking garage equipment at the Main Library for an estimated cost of $200,000 and technology purchases. SPECIAL REVENUE FUNDS Special revenue funds account for revenues restricted for specific purposes. The Library includes grants and donations in various special revenue funds. For FY19, $243,000 in expenditures is budgeted from donations and other restricted revenues based on available funds and expected receipts. Grants are not budgeted. June 20, 2018 Page 7 of 7

8 FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent Revenues County Appropriation Annual Appropriation $ 15,495,938 $ 15,726,146 $ 15,726,146 $ 17,401,586 $ 1,675, % Bond Reimbursement $ 65,080 $ 96,855 $ 93,908 $ 99,658 $ 2, % Supplemental Summer Youth $ 22,112 $ - $ 15,891 $ - $ - 0.0% Total County Appropriations $ 15,583,130 $ 15,823,001 $ 15,835,945 $ 17,501,244 $ 1,678, % State Aid $ 525,314 $ 525,313 $ 612,866 $ 612,866 $ 87, % Education Lottery Funding $ 36,957 $ - $ 17,391 $ - $ - -- Copier/Printer Receipts $ 108,579 $ 110,550 $ 98,120 $ 90,170 $ (20,380) -18.4% Fine Receipts $ 279,549 $ 273,420 $ 222,463 $ 165,460 $ (107,960) -39.5% Other Revenue $ 101,775 $ 64,440 $ 49,850 $ 21,410 $ (43,030) 0.0% Total Revenues $ 16,635,304 $ 16,796,724 $ 16,836,635 $ 18,391,150 $ 1,594, % Expenditures Personnel Costs $ 10,885,966 $ 11,761,960 $ 11,776,115 $ 15,136,392 $ 3,374, % Information Resources $ 2,390,422 $ 2,537,850 $ 2,552,636 $ 2,842,298 $ 304, % Information Technology $ 677,919 $ 715,400 $ 796,739 $ 976,722 $ 261, % Copiers and Printers $ 185,250 $ 194,900 $ 182,957 $ 209,216 $ 14, % Supplies $ 108,566 $ 114,060 $ 121,042 $ 125,896 $ 11, % Printing $ 13,231 $ 28,000 $ 29,335 $ 28,214 $ % Equipment Maintenance $ 45,307 $ 46,230 $ 31,833 $ 90,510 $ 44, % Building Repairs and Maint $ 737,500 $ 11,560 $ 18,623 $ 19,004 $ 7, % Utilities $ 954,705 $ 993,910 $ 890,271 $ 113,506 $ (880,404) -88.6% Motor Vehicles $ 32,329 $ 56,614 $ 65,771 $ 58,686 $ 2, % Risk Management $ 88,591 $ 91,480 $ 91,480 $ - $ (91,480) % Other Expenditures $ 143,258 $ 241,440 $ 213,346 $ 255,907 $ 14, % Miscellaneous Expenditures $ 46,955 $ 2,500 $ 2,500 $ 2,500 $ - 0.0% Capital $ 75,965 $ 105,000 $ 170,308 $ 275,000 $ 170, % Total Expenditures $ 16,385,964 $ 16,900,904 $ 16,942,956 $ 20,133,851 $ 3,232, % Fund Balance Increase (Decrease) $ 249,340 $ (104,180) $ (106,321) $ (1,742,701) $ (1,638,521) % Fund Balance From Prior Year $ 2,055,392 $ 2,302,609 $ 2,304,732 $ 2,198,411 $ (104,198) Fund Balance at End of Year $ 2,304,732 $ 2,198,429 $ 2,198,411 $ 455,710 $ (1,742,719) Note - Projected results are based on actual amounts through April Charleston County Public Library General Fund Annual Budget Recap X:\Budget\2019\Budget Worksheets FY2019.xlsx Recap 6/20/ of 6

9 Charleston County Public Library General Fund Annual Budget FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent REVENUE County Appropriations Annual Appropriation $ 15,495,938 $ 15,726,146 $ 15,726,146 $ 17,401,586 $ 1,675, % Bond Reimbursement $ 65,080 $ 96,855 $ 93,908 $ 99,658 $ 2, % Supplemental Summer Youth $ 22,112 $ - $ 15,891 $ - $ - 0.0% Total County Appropriations $ 15,583,130 $ 15,823,001 $ 15,835,945 $ 17,501,244 $ 1,678, % State Aid $ 525,314 $ 525,313 $ 612,866 $ 612,866 $ 87, % Education Lottery Funding $ 36,957 $ - $ 17,391 $ - $ - -- Copier/Printer Receipts $ 108,579 $ 110,550 $ 98,120 $ 90,170 $ (20,380) -18.4% Fine and Fees $ 279,549 $ 273,420 $ 222,463 $ 165,460 $ (107,960) -39.5% Other Revenue $ 101,775 $ 64,440 $ 49,850 $ 21,410 $ (43,030) -66.8% Total Revenue $ 16,635,304 $ 16,796,724 $ 16,836,635 $ 18,391,150 $ 1,594, % EXPENDITURES Personnel Costs Wages $ 7,727,390 $ 8,743,115 $ 8,309,273 $ 10,398,168 $ 1,655, % Other Costs $ 3,158,576 $ 3,488,455 $ 3,466,842 $ 5,428,408 $ 1,939, % Budgeted Vacancies $ - $ (469,610) $ - $ (690,184) $ (220,574) 47.0% Total Personnel Costs $ 10,885,966 $ 11,761,960 $ 11,776,115 $ 15,136,392 $ 3,374, % Information Resources Books (includes State Aid) $ 1,073,916 $ 1,126,500 $ 1,126,500 $ 1,298,288 $ 171, % Periodicals $ 89,572 $ 91,000 $ 91,000 $ 93,000 $ 2, % Media $ 430,038 $ 472,000 $ 472,000 $ 428,960 $ (43,040) -9.1% Digital Products $ 666,519 $ 694,500 $ 694,500 $ 873,550 $ 179, % Other Materials and Costs $ 130,377 $ 153,850 $ 168,636 $ 148,500 $ (5,350) -3.5% Total Library Materials $ 2,390,422 $ 2,537,850 $ 2,552,636 $ 2,842,298 $ 304, % X:\Budget\2019\Budget Worksheets FY2019.xlsx Condensed 6/20/ of 6

10 Charleston County Public Library General Fund Annual Budget FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent Information Technology Web Site Hosting and Develop $ 8,000 $ 30,000 $ 35,567 $ 37,000 $ 7, % AMH/Self Check Maintenance $ - $ - $ - $ 36,747 $ 36, Integrated Library System Maint $ - $ 270,000 $ 298,962 $ 387,998 $ 117, % Event/Reservation Software $ 5,145 $ - $ - $ - $ - -- Software and Licenses $ - $ 7,500 $ 19,786 $ 27,000 $ 19, % IT Systems Maint Contracts $ 302,513 $ 40,000 $ 77,978 $ 76,000 $ 36, % Financial Software Maintenance $ 39,299 $ 40,000 $ 44,761 $ 44,000 $ 4, % IT Repairs and Supplies $ 5,467 $ 10,400 $ 17,626 $ 15,000 $ 4, % IT Noncapital Purchases $ 57,832 $ 57,500 $ 60,000 $ 60,000 $ 2, % IT Lease Payments $ 233,689 $ 201,500 $ 195,900 $ 237,977 $ 36, % IT Capital Lease Payments $ - $ 38,500 $ 38,443 $ 40,000 $ 1, % IT Consultants $ 25,974 $ 20,000 $ 7,716 $ 15,000 $ (5,000) 100.0% Total Information Tech $ 677,919 $ 715,400 $ 796,739 $ 976,722 $ 261, % Copiers and Printers Copier/Printer Leases $ 134,859 $ 140,260 $ 134,842 $ 157,716 $ 17, % Copier/Printer Lease Overages $ 40,390 $ 41,240 $ 38,100 $ 38,650 $ (2,590) -6.3% Copier Supplies $ 9,155 $ 11,950 $ 9,680 $ 11,600 $ (350) -2.9% Microform Supples $ 846 $ 1,450 $ 335 $ 1,250 $ (200) -13.8% Total Copiers and Printers $ 185,250 $ 194,900 $ 182,957 $ 209,216 $ 14, % Supplies Library Supplies $ 14,005 $ 22,060 $ 19,500 $ 21,369 $ (691) -3.1% Data Processing Supplies $ 18,187 $ 21,750 $ 16,674 $ 20,095 $ (1,655) -7.6% Office Supplies $ 46,931 $ 39,000 $ 47,406 $ 46,158 $ 7, % AV Supplies $ 8,451 $ 6,600 $ 6,853 $ 12,192 $ 5, % Minor Equipment $ 20,992 $ 24,650 $ 30,609 $ 26,082 $ 1, % Total Supplies $ 108,566 $ 114,060 $ 121,042 $ 125,896 $ 11, % Printing $ 13,231 $ 28,000 $ 29,335 $ 28,214 $ % X:\Budget\2019\Budget Worksheets FY2019.xlsx Condensed 6/20/ of 6

11 Charleston County Public Library General Fund Annual Budget FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent Equipment Maintenance Checkpoint Security $ 4,217 $ 1,500 $ 1,247 $ 1,600 $ % Fire and Security Alarms $ 5,525 $ 5,730 $ 4,189 $ 52,510 $ 46, % Postage Machine $ 4,140 $ 5,000 $ 3,888 $ 5,000 $ - 0.0% Microfiche/Film $ 6,184 $ 8,000 $ 5,165 $ 5,400 $ (2,600) -32.5% Cell Phones $ 10,327 $ 10,500 $ 10,739 $ 10,500 $ - 0.0% Miscellaneous Repairs and Maint $ 971 $ 3,000 $ 274 $ 3,000 $ - 0.0% Parking Equipment and Supplies $ 13,943 $ 12,500 $ 6,331 $ 12,500 $ - 0.0% Total Equipment Maint $ 45,307 $ 46,230 $ 31,833 $ 90,510 $ 44, % Building Repairs and Maint General Repairs $ 105,394 $ - $ 4,333 $ 5,759 $ 5, Garbage Collections $ 11,516 $ 11,560 $ 14,230 $ 13,245 $ 1, % Janitorial $ 254,250 $ - $ 60 $ - $ - -- Carpet Cleaning $ 53,128 $ - $ - $ - $ - -- Security Services $ 141,090 $ - $ - $ - $ - -- County General Services $ 172,122 $ - $ - $ - $ - -- Total Building Repairs/Maint $ 737,500 $ 11,560 $ 18,623 $ 19,004 $ 7, % Utilities Electricity and Gas $ 759,763 $ 823,490 $ 712,546 $ - $ (823,490) % Water and Sewer $ 71,430 $ 69,060 $ 71,292 $ - $ (69,060) % Solid Waste Disposal Fee $ 12,814 $ - $ - $ - $ - -- VOIP Lease Payments $ - $ 48,100 $ 48,147 $ 49,000 $ % Telephone $ 82,195 $ 22,790 $ 33,658 $ 22,356 $ (434) -1.9% Data Lines $ 23,857 $ 24,400 $ 23,885 $ 41,200 $ 16, % Fax Lines $ 4,646 $ 6,070 $ 743 $ 950 $ (5,120) -84.3% Total Utilities $ 954,705 $ 993,910 $ 890,271 $ 113,506 $ (880,404) -88.6% X:\Budget\2019\Budget Worksheets FY2019.xlsx Condensed 6/20/ of 6

12 Charleston County Public Library General Fund Annual Budget FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent Other Expenditures Audit Services CCPL $ 17,464 $ 19,000 $ 17,810 $ 19,000 $ - 0.0% FOL $ 11,625 $ 10,000 $ 10,000 $ 11,000 $ 1, % Bank Charges, net of interest $ 6,938 $ 8,500 $ 3,415 $ 7,000 $ (1,500) -17.6% Advertising and Marketing $ 9,630 $ 11,500 $ 6,697 $ 9,500 $ (2,000) -17.4% Interlibrary Loans $ 248 $ 1,000 $ 992 $ 1,000 $ - 0.0% Messenger Service (County) $ 928 $ 1,087 $ 1,087 $ 1,100 $ % Postage and Shipping $ 38,553 $ 50,880 $ 35,019 $ 30,880 $ (20,000) -39.3% Dues $ 4,803 $ 5,500 $ 7,852 $ 5,500 $ - 0.0% Professional Services $ 117 $ 2,500 $ - $ 2,500 $ - 0.0% Material Recovery Service $ 34,090 $ 40,000 $ 30,093 $ 35,000 $ (5,000) -12.5% Programming $ - $ 50,000 $ 47,663 $ 51,503 $ 1, % Staff Development $ 16,998 $ 39,973 $ 47,696 $ 78,924 $ 38, % Food and Awards $ 1,864 $ 1,500 $ 5,022 $ 3,000 $ 1, % Total Other Expenditures $ 143,258 $ 241,440 $ 213,346 $ 255,907 $ 14, % Motor Vehicles Repairs and Maintenance $ 17,394 $ 39,766 $ 41,570 $ 41,088 $ 1, % Fuel $ 12,011 $ 13,848 $ 21,884 $ 14,598 $ % Employee Mileage Expense $ 2,924 $ 3,000 $ 2,317 $ 3,000 $ - 0.0% Total Motor Vehicles $ 32,329 $ 56,614 $ 65,771 $ 58,686 $ 2, % Risk Management Property Insurance $ 67,300 $ 69,988 $ 69,988 $ - $ (69,988) % Tort Liability $ 4,680 $ 4,680 $ 4,680 $ - $ (4,680) % Business Interruption Insurance $ 955 $ 1,156 $ 1,156 $ - $ (1,156) % Bookmobile Insurance $ 1,913 $ 1,913 $ 1,913 $ - $ (1,913) % Auto Liability $ 7,727 $ 7,727 $ 7,727 $ - $ (7,727) % Auto Comp and Collision $ 6,016 $ 6,016 $ 6,016 $ - $ (6,016) % Total Risk Management $ 88,591 $ 91,480 $ 91,480 $ - $ (91,480) % X:\Budget\2019\Budget Worksheets FY2019.xlsx Condensed 6/20/ of 6

13 Charleston County Public Library General Fund Annual Budget FY 2017 FY 2018 FY 2018 FY 2019 FY2018 to FY2019 Diff. Actual Budget Projected Budget Amount Percent Miscellaneous Expenditures Board Contingency $ 956 $ 2,500 $ 2,500 $ 2,500 $ - 0.0% Executive Search Expenses $ 45,999 $ - $ - $ - $ - -- Miscellaneous Expenditures $ 46,955 $ 2,500 $ 2,500 $ 2,500 $ - 0.0% Capital Expenditures Microfilm Readers $ - $ 30,000 $ 44,308 $ - $ (30,000) 0.0% Main Parking Garage $ - $ - $ - $ 200,000 $ 200, % IT Purchases (one-time funds) $ 75,965 $ 75,000 $ 126,000 $ 75,000 $ - 0.0% Total Capital Expenditures $ 75,965 $ 105,000 $ 170,308 $ 275,000 $ 170, % Total Expenditures $ 16,385,964 $ 16,900,904 $ 16,942,956 $ 20,133,851 $ 3,232, % Fund Balance Increase (Decrease) $ 249,340 $ (104,180) $ (106,321) $ (1,742,701) $ (1,638,521) % Fund Balance From Prior Year $ 2,055,392 $ 2,302,609 $ 2,304,732 $ 2,198,411 $ (104,198) Fund Balance at End of Year $ 2,304,732 $ 2,198,429 $ 2,198,411 $ 455,710 $ (1,742,719) Note - Projected results are based on actual amounts through April X:\Budget\2019\Budget Worksheets FY2019.xlsx Condensed 6/20/ of 6