London ? The latest financial statements from Britain’s royal family suggest that the next British institution needing a taxpayer bailout could well be the monarch herself.

Annual accounts analyzed by Britain’s press Tuesday show that Queen Elizabeth II took $9.9 million over the past year from her own state-funded reserve account to balance the books at Buckingham Palace and myriad other royal residences.

The total bill for the queen and her family’s globe-trotting rose 3.8 percent to $68.6 million — the equivalent of $1.14 per citizen — during a 12-month period ending in March.

Experts on royal finances said the monarchy would require millions more in taxpayer support. Otherwise the queen’s reserve funds soon could run out and they would be unable to pay aides’ salaries. The experts warned that Buckingham Palace and other royal residences badly needed repairs, some of which had already been postponed for decades.

Sir Alan Reid, the keeper of the privy purse — otherwise known as the treasurer to the royal household — estimated that the bill for outstanding repairs could reach $66 million by 2019 unless the queen received extra state support for her travel, residential and staffing bills.

The report on royal finances, published Monday, did not specify any targets for increased funding — but did emphasize that the queen couldn’t keep dipping into her reserves at the current rate. If she did, it forecast, the current reserves of $34.7 million would run dry by 2012, her 60th year as monarch.

The Guardian newspaper said it was likely that the queen would seek an extra $6.6 million per year on top of her current state aid when the royal household negotiates a new 10-year deal with the government in 2010. Buckingham Palace’s press office declined to comment on that report, which was cheekily headlined “Times may be hard, but one needs a 4m (pound) pay rise.”