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Agenda 07/08/2014 Item #16D127/8/2014 16.D.12. EXECUTIVE SUMMARY Recommendation to recognize carry forward from accrued interest in the amount of $105,519.28 and unused grant funds in the amount of $2.12 from State Aid to Library Grants revenue and appropriate those funds for expenditures on library materials, services, and equipment. OBJECTIVE: To recognize accrued interest and unused funds to appropriate for expenditures on library materials, services, and equipment for the use of Collier County residents. CONSIDERATIONS: Each year the Collier County Public Library is awarded funds through the State Aid to Library Grants. The most recent grant was approved by the Board on March 25, 2014 — Agenda item 16136. These grants require the CCPL to provide the public with free library services, including loaning library materials and providing reference and information services. Funds are advanced and therefore accrue interest. The State allows for the rollover of unexpended funds, including interest, to the next year's grant for County expenditure. Interest in CCPL Grant Funds 709 and 129 has accrued to a balance of $105,519.28 through March 31, 2014. Unused grant revenue from State Aid amounts to $2.12. Staff is seeking Board approval to recognize and appropriate this accrued interest and grant revenue in order to expend the funds. FISCAL IMPACT: Budget amendments are required to recognize a total of $2,333.57 for accrued interest within Public Services Grant Fund 709, Projects 33152, 33201 and 33254; and a total of $103,185.71 for accrued interest within Public Library Grant Fund 129, Projects 33030 including all closed State Aid Grants; and a total of $2.12 for unused revenue from the 2006 State Aid for Libraries will be appropriated within Public Services Grant Fund 709, Project 33324. GROWTH MANAGEMENT IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, does not raise a legal issue, and requires majority vote for approval. -JAK RECOMMENDATION: That the Board of County Commissioners approves the necessary budget amendments to appropriate carry forward from accrued interest through March 31, 2014 in the amount of $105,519.28 and unused revenue in the amount of $2.12. Prepared by: Marilyn Matthes, Director Packet Page -1609- COLLIER COUNTY Board of County Commissioners Item Number: 16.D.12 7/8/2014 16.D.12. Item Summary: Recommendation to recognize cant' forward from accrued interest in the amount of $105,519.28 and unused grant funds in the amount of $2.12 from State Aid to Library Grants revenue and appropriate those funds for expenditures on library materials, services, and equipment. Meeting Date: 7/8//2014 Prepared By Name: karentibbetts Title: Administrative Assistant, Library Approved By Name: matthesmarilyn Title: Director - Library, Library Date: 06/20/2014 01:02:31 PM Name: HaileyAlonso Title: Operations Analyst, Public Services Division Date: 06/24/2014 09:14:17 AM Name: townsendamanda Title: Director - Operations Support, Public Services Division Date: 06/24/2014 04:55:53 PM Name: JoshuaThomas Title: Grants Support Specialist, Grants Management Office Date: 06/24/2014 05:11:15 PM Name: carnell_s Title: Administrator - Public Services, Public Services Division Date: 06/26/2014 02:22:03 PM Name: klatzkowjeff Title: County Attorney, Date: 06/26/2014 04:19:55 PM Packet Page -1610- 7/8/2014 16.D.12. Name: EdFinn Title: Management/Budget Analyst, Senior, Transportation Engineering & Construction Management Date: 06/27/2014 02:38:18 PM Name: ThereseStanley Title: Management/Budget Analyst, Senior, Grants Management Office Date: 06/30/2014 02:57:05 PM Name: ochs_l Title: County Manager, County Managers Office Date: 07/01/2014 02:52:36 PM Packet Page -1611-