City of Lawrence
	Library Fund Projection			5/2/2008 14:20
	Actual	Actual	Actual	Actual	Preliminary
Revenues	2003	2004	2005	2006	2007	2008	2009	2010	2011
Property Taxes	1,838,469	1,925,987	2,327,021	2,514,136	2,678,521	2,725,000	2,725,000	2,779,500	2,835,090	0% increase in 2008 then 2%
Motor Vehicle	200,000	208,674	198,464	237,098	242,539	236,299	236,299	241,025	245,845	2% increase
In-lieu	6,100	8,504	9,019	9,626	5,854	2,400	2,400	2,400	2,400
Total Revenues	2,044,569	2,143,165	2,534,504	2,760,860	2,926,914	2,963,699	2,963,699	3,022,925	3,083,335
Expenditures
Library	2,039,923	2,067,000	2,502,000	2,759,000	2,950,000	3,021,000	3,141,840	3,267,514	3,398,214	4% increase
Revenue over Expenditures	4,646	76,165	32,504	1,860	(23,086)	(57,301)	(178,141)	(244,589)	(314,879)
Beginning Balance	42,659	47,305	123,470	155,974	157,834	134,748	77,447	(100,694)	(345,283)
End Balance	47,305	123,470	155,974	157,834	134,748	77,447	(100,694)	(345,283)	(660,161)
Assumptions
no levy increase , 0% increase in 2009 AV then 2%
Budgeted expenditures in 2008 then 4% increase