LFA Budget By Major Category
Bond/CRF funds only	1999-2007
Branches/Phase	Basis	CBO Rules 1% art
Construction	45,901,364	459,014
F&E	4,521,829
Land	15,013,871
Current Art Budget	366,702
Lease/Rent	750,000
Subtotal	66,553,766	459,014
Central
Construction	84,911,924	849,119
A&E	8,541,463	85,415
Demolition	1,000,000	10,000
Other Eligible Costs	9,598,597	95,986
F&E	19,098,914
Temporary Lease	10,250,000
Land	0
Current Art Budget	899,101
Subtotal	134,299,999	1,040,520
Opportunity Fund
Assume 50% Eligible	3,000,000	30,000
Ineligible Portion	3,000,000
Total CBO Art		1,529,533
Total Current Budget Art		1,326,337
Difference		203,196
			The Library Foundation has set a $30m capital needs fund raising goal of which $2m
Prospective Sources			is targeted for art and furniture for all facilities. The figure to the left
What if?			assumes only those funds needed to complete the Central Facility.
Assume Gift Funds	21,700,000	217,000	Budgets will be adjusted accordingly when capital fund
			raising goals are achieved.
LFA Budget By Funding Source
Funding Reconciliation
	UTGO	LTGO	Total GO	CRF	Gifts	Land Sales	Totals
Branches	56,955,000		56,955,000	9,595,000		TBD	66,550,000
Central	128,600,000	5,700,000	134,300,000		21,700,000		156,000,000
Oppt. Fund	6,000,000		6,000,000				6,000,000
Technology	-			705,000	4,895,000		5,600,000
New books	945,000		945,000				945,000
Bond Issuance Cost	3,900,000	100,000	4,000,000				4,000,000
Totals	196,400,000	5,800,000	202,200,000	10,300,000	26,595,000	TBD	239,095,000

 

Capital Program Office • 1000 Fourth Ave. • Seattle, WA 98104• 206- 386-4624 • capital.program@spl.org