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CALKINS Carol L <br />From: RAILE DeeAnn <br />Sent: Tuesday, September 21, 1999 2:23 PM <br />To: CALKINS Carol L <br />Cc: SCHIFFER Dave <br />Subject: Fund 317 <br />I'm looking at the marginal BWC adjustment necessary based on actual activity in FY99. MBWC is a decrease of $1.6 <br />million. This is becuz we rolled capital project spending authority from FY99 to FY00 of approx $1.5 million and offset <br />that expenditure with BWC. As long as you continue to draw down on the fleet loan, only what Fund 317 spends in cash, <br />there isn't gonna be any MBWC in Fund 317. You mentioned in the last library finance team meeting that the Fund 317 <br />budget needed to be adjusted for FY00, so this is one of the items that you can sort thru in that process. <br />Also, I've been thinking that we should have a balance available in 317 that is equal to the budgeted/actual interest <br />earnings to date on the project. It should equal actual interest earnings (project resources like bonds & donations) for any <br />year that had occurred, plus budgeted interest earnings for the current year. That's under the assumption that we are not <br />programming interest earnings into the project cost. Make sense? <br />