Date: April 3, 2008
To: RCPL Board of Trustees
From: Board Finance Committee
Re: Revised 2008
Board Funds budget
Action needed: Approval of revised 2008 Board Funds budget
To adjust for actual revenue, we needed to re-calculate the 2008 Board Funds budget. This is due to the actual starting revenue being approximately $55,302 higher than originally projected due to unexpended space use costs in 2007.
In order to adjust for the starting revenue, the 2008 Board Funds expenditures have been adjusted to allow for both completion of the space use project and an approximate 10% carryover into 2009.
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