City of Lawrence
	Library Fund Projection			############
	Actual	Actual	Actual	Preliminary
Revenues	2003	2004	2005	2006	2007	2008
Property Taxes	1,838,469	1,925,987	2,327,021	2,514,136	2,620,000	2,698,600	no levy increase, 3% incr in AV
Motor Vehicle	200,000	208,674	198,464	237,098	232,000	238,960	3% increase
In-lieu	6,100	8,504	9,019	9,626	5,854	5,800
Total Revenues	2,044,569	2,143,165	2,534,504	2,760,860	2,857,854	2,943,360
Expenditures
Library	2,039,923	2,067,000	2,502,000	2,759,000	2,859,714	2,974,103	4% increase
Revenue over Expenditures	4,646	76,165	32,504	1,860	(1,860)	(30,743)
Beginning Balance	42,659	47,305	123,470	155,974	157,834	155,974
End Balance	47,305	123,470	155,974	157,834	155,974	125,231
Assumptions
.no levy increase in 2007, 8% incr in 2007 AV
4% increase in 2007 expenditures