Building Budgets and Reading Financial Statements

Calculate how much revenue the library will receive

1. If possible, get an estimate from the county on how much the library will receive in taxes and state entitlement share.
2. Check in with the State Library on how much the library will receive in state aid and federation funds.
3. Review the last six years of donations, grants, etc. and estimate how much the library will receive in these categories. 
4. Follow the same process for charges for services and other miscellaneous revenues.
5. Add any known sources of revenue such as grants or other sources of income the library receives