General Fund Highlights <br />Cultural Services Subfund Financial Summary <br /> FY07* FY07 FY08 % Change <br /> FY06 Budget Budget Proposed FY07 7/1/06 <br /> Actual 7/1/2006 12/31/2006 .Budget FY08 Proposed <br />Resources: <br />Taxes $1,488,469 $1,462,755 $1,462,755 $1,632,721 11.6% <br />Charges for Services 2,360,488 2,608,900 2,608,900 2,725,970 4.5% <br />Miscellaneous/Interest 110,741 25,845 25,845 116,000 348.8% <br />Intergovernmental 47,025 115,000 115,000 0 -100.0% <br />Interfund Transfers 0 0 0 115,000 100.0% <br />Beginning Working Capital 0 374,336 804,363 805,179 115.1% <br />Total Resources $4,006,723 $4,586,836 $5,016,863 $5,394,870 17.6% <br />Requirements: <br />DepartrnentalOperating $3,901,919 $4,372,724 $4,399,647 $4,582,971 4.8% <br />Debt Service 5,013 3,750 3,750 0 -100.0% <br />Interfund Loans 62,500 62,500 62,500 0 -100.0% <br />Reserve 0 147,862 550,966 811,899 449.1% <br />Total Requirements $3,969,432 $4,586,836 $5,016,863 $5,394,870 17.6% <br />*Less $38,984 encumbrance of prior year funds for prior year commitments. <br />General Fund Revenue <br />Interfund Transfer Cultural Services Subfund <br />3% <br />Interest Earnings_ Charges for Services <br />3% ~ 58% - <br />Taxes <br />36% <br />32 <br />