ST. LOUIS PUBLIC LIBRARY
STATEMENT OF NET ASSETS
SEPTEMBER 30, 2006

Primary Government

Component Unit

 Governmental

 Business-Type

The Library

 Activities

 Activity

 Total

Foundation

Assets

Cash and cash equivalents

 $      2,982,615

 $                    —

 $    2,982,615

 $        14,541

Investments

           10,292,597

                            —

     10,292,597

              4,074,830

Receivables:

Taxes

                 480,907

                            —

           480,907

                            —

Grants

                   83,514

                            —

             83,514

                            —

Interest

                   35,787

                            —

             35,787

                    10,524

Other

                 278,973

                     1,437

           280,410

                            —

Primary government

                            —

                            —

                      —

                 122,841

Internal balances

                 666,667

               (666,667)

                      —

                            —

Prepaid items

                 101,098

                            —

           101,098

                            —

Other assets

                      3,040

                            —

                3,040

                            —

Notes receivable

                 989,965

                            —

           989,965

                            —

Capital assets:

Non depreciable

              3,642,562

             1,061,571

        4,704,133

                            —

Depreciable, net of

accumulated depreciation

           37,777,762

             4,176,097

     41,953,859

                            —

Total Assets

           57,335,487

             4,572,438

     61,907,925

              4,222,736

Liabilities

Accounts payable and

accrued liabilities

                 939,071

                            —

           939,071

                            —

Accrued salaries and wages

                 358,900

                            —

           358,900

                      6,660

Unearned revenue

                 147,781

                            —

           147,781

                            —

Payable to component unit

                 122,841

                            —

           122,841

                            —

Long-term liabilities:

Due within one year

              1,582,274

                            —

        1,582,274

                 989,965

Due in more than one year

              2,650,000

                            —

        2,650,000

                            —

Total Liabilities

              5,800,867

                            —

        5,800,867

                 996,625

Net Assets

Invested in capital assets,

net of related debt

           37,770,324

             5,237,668

     43,007,992

                            —

Restricted for:

Debt service

              1,650,000

                            —

        1,650,000

                            —

Other purposes

                   38,800

                            —

             38,800

              3,226,111

Unrestricted

           12,075,496

               (665,230)

     11,410,266

                            —

Total Net Assets

 $    51,534,620

 $      4,572,438

 $  56,107,058

 $   3,226,111

ST. LOUIS PUBLIC LIBRARY
STATEMENT OF ACTIVITIES
For The Year Ended September 30, 2006

Primary Government

Component Unit

 Governmental

 Business-Type

The Library

 Activities

 Activity

 Total

Foundation

 Expenses:

Compensation and benefits

 $   11,993,620

 $                   —

 $ 11,993,620

 $       186,084

Operations and maintenance

            4,575,622

                554,217

       5,129,839

                  454,533

Depreciation

            4,520,910

                429,391

       4,950,301

                             —

Interest

                224,250

                           —

          224,250

                             —

Total Program Expenses

          21,314,402

                983,608

    22,298,010

                  640,617

Program Revenues:

Charges for services

                269,741

                484,115

          753,856

                             —

Operating grants and contributions

                990,899

                           —

          990,899

                  267,894

Total Program Revenues

            1,260,640

                484,115

       1,744,755

                  267,894

Net Program Expense

          20,053,762

                499,493

    20,553,255

                  372,723

General Revenues:

Property taxes

          19,413,400

                           —

    19,413,400

                             —

Investment earnings

                741,508

                           —

          741,508

                  170,876

Miscellaneous

                290,697

                           —

          290,697

                             —

Total General Revenues

          20,445,605

                           —

    20,445,605

                  170,876

Change In Net Assets

                391,843

              (499,493)

        (107,650)

                (201,847)

Net Assets - Beginning Of Year

          51,142,777

            5,071,931

    56,214,708

               3,427,958

Net Assets - End Of Year

 $  51,534,620

 $     4,572,438

 $ 56,107,058

 $   3,226,111