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| Stated in $000,000 | | | | | | | | | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | Comment | Income: | | | | | | | | from State | $1.8 | $1.7 | $1.6 | $1.5 | $1.4 | $1.3 | Reduced by 5% a year. | from Local Levy | $0.0 | $1.0 | $1.0 | $1.0 | $1.0 | $1.0 | | | Total Income: | $1.8 | $2.7 | $2.6 | $2.5 | $2.4 | $2.3 | | | | | | | | | | | Expenses: | | | | | | | | Operate our Library | $1.8 | $1.9 | $2.0 | $2.1 | $2.2 | $2.3 | Increased by 5% a year. | | | | | | | | | | Surplus for Each Year: | | $0.8 | $0.6 | $0.4 | $0.2 | $0.0 | | | | | | | | | | Total Cummulative Surplus for 5 years: | | | | | | $2.0 | | | | | | | | | | How will the $2,000,000 surplus money get spent in 2011? | | | | | | | |
If we assume that the income from the State of Ohio reduces the income for our library by 5% /year - and we assume that our library leaders increase the operating expenses of our library by 5% /year
- and we assume that our library levy for $1,000,000 is approved
- then the total cumulative surplus is about $2,000,000 by the year 2011.
- How will the $2,000,000 surplus money get spent in 2011?
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