FY 2005 PROPOSED BUDGET

A public hearing on the FY 2005 budget for the EAST BONNER COUNTY FREE LIBRARY DISTRICT will be held MONDAY, AUGUST 23, 2004, at 5:45p.m. in meeting rooms #102-#103 of the Sandpoint Branch Library at 1407 Cedar St., Sandpoint, ID. Public comments will be accepted concerning the following budget.

INCOME: FY 2004 BUDGET FY 2005 BUDGET

Agricultural equipment replacement tax 3,336 3,336

Budget levy - debt service (bond) 270,705 274,563

Budget levy - maintenance & operation* 1,412,330 1,451,743

- capital assets replacement/repair* 50,000 90,000

Budget levy - prior years 26,435 25,330 Grants 250,000 250,000

Other Income 59,216 74,428

CASH ASSETS: (Carryover 10-01-04)

Building/remodeling fund 2,819 1,185

Capital assets replacement fund (levy) 0 51,024

Capital assets replacement fund (other 209,193 228,979

Debt service (bond) 115,335 123,389

Endowments 20,706 22,350

Facilities fund 450,672 459,765

Grants 45,069 34,469

Maintenance & operation 25,000 25,000

Operating reserves 391,754 516,685

PREPAID CONTRACTS: 0 11,018

TOTALS 3,332,570 3,643,264

EXPENDITURES:

Capital improvements 2,819 1,185

Computer technology 20,075 148,788

Debt service (bond) 271,205 275,063

Equipment & furnishings 2,000 7,500

Grants 294,063 283,463

Insurance 22,606 24,667

Library materials 102,800 121,785

Maintenance 27,500 27,500

Personnel 1,063,923 1,096,719

Postage 10,500 11,500

Supplies 38,049 39,950

Utilities 56,450 60,750

Other expenses 27,900 9,730

CASH ASSETS: (Carryforward 09-30-05)

Building/remodeling fund 0 0

Capital assets replacement fund (levy) 51,000 143,844

Capital assets replacement fund (other) 213,377 233,445

Debt service (bond) 104,807 114,166

Endowments 21,120 22,782

Facilities fund 459,685 468,585

Grants 1,006 1,006

Maintenance & operation 25,000 25,000

Operating reserves 516,685 525,836

TOTALS 3,332,570 3,643,264

*In accordance with Idaho Code section 33-2724(4), it is the intent of the Board of Trustees to maintain a capital assets replacement and repair fund that may be used for one or more purposes including the replacement of library district computer equipment, delivery vans, a bookmobile, carpeting, lamps for lighting fixtures, for repainting branch library buildings, etc. It is estimated that the fund total will be $51,024 on 10-1-04 and $143,844 on 10-1-05.

Legal 5407

August 13, 2004