ABC Public Library is located in Dekalb, Illinois. ABC public library has its own taxable entity with a elected 7 member board. Each Board member is for 4 years on the Library Board. ABC public Library recently issued a 20 million dollar Bond to support an addition to the existing library. This is a 50,000 sq foot addition. They will hire 4 new positions at the Library.

Since the Funds Budget are prepared before the fiscal year begins, they are completed by Oct 20xx, The fiscal Year begins on Jan 01, 20xx.

The operating Budget is only for current resources and not long term capital Acquistion.

What might be your thoughts on this approach?