Agenda 06/12/2018 Item #16D 306/12/2018
EXECUTIVE SUMMARY
Recommendation to recognize accrued interest from the period October 2017 through March 2018
earned on State Aid to Library advanced funding received from the Florida Department of State in
the amount of $3,092.35.
OBJECTIVE: To recognize accrued interest earned on advanced library funding received from the
Florida Department of State in order to support library services and equipment for the use of Collier
County residents.
CONSIDERATIONS: Each year the Collier County Public Library (CCPL) is awarded funds through
the State Aid to Library Grants. The most recent grant was approved by the Board of County
Commissioners (Board) on May 9, 2017 (Agenda Item# 16D4). These grants require the CCPL to provide
the public with free library services, including loaning library materials, providing reference, and
information services.
Funds are advanced and therefore accrue interest. Interest earnings may be used at the discretion of the
County and are reinvested back into the County’s Library System. The Board last recognized interest
earned on January 9, 2018, Agenda Item 16D8. Interest earned through March 31, 2018 as accrued to a
balance of $3,092.35. Staff is seeking Board approval to appropriate this interest earned in order to
expend the funds in support of library operations and capital improvements.
FISCAL IMPACT: A Budget Amendment is required to recognize a total of $3,092.35 within Public
Services Match Fund (710), Project 33360 for accrued interest.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This Item has been reviewed by the County Attorney, is approved as to
form and legality, and requires majority vote for approval. -JAK
RECOMMENDATION: To authorize the necessary Budget Amendment to appropriate interest earnings
in the amount of $3,092.35.
Prepared By: Tanya Williams, Director, Library Division
ATTACHMENT(S)
1. October 2017 - March 2018 Summary (XLSX)
16.D.3
Packet Pg. 1329
06/12/2018
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.3
Doc ID: 5597
Item Summary: Recommendation to recognize accrued interest from the period October 2017
through March 2018 earned on State Aid to Library advanced funding received from the Florida
Department of State in the amount of $3,092.35.
Meeting Date: 06/12/2018
Prepared by:
Title: Administrative Assistant – Library
Name: Karen Tibbetts
05/07/2018 11:48 AM
Submitted by:
Title: Assistant Division Director - Library – Library
Name: Tanya Williams
05/07/2018 11:48 AM
Approved By:
Review:
Library Tanya Williams Additional Reviewer Completed 05/07/2018 12:04 PM
Operations & Veteran Services Sean Callahan Additional Reviewer Completed 05/07/2018 4:44 PM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 05/08/2018 1:25 PM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/08/2018 3:30 PM
Grants Edmond Kushi Level 2 Grants Review Completed 05/17/2018 1:45 PM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 05/18/2018 8:39 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/24/2018 8:45 AM
Grants Therese Stanley Additional Reviewer Completed 05/25/2018 1:36 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 05/25/2018 3:08 PM
County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 06/03/2018 8:31 PM
Board of County Commissioners MaryJo Brock Meeting Pending 06/12/2018 9:00 AM
16.D.3
Packet Pg. 1330
October 2017 - March 2018 Summary
Interest Earned
State Aid Grant #15-ST-08 16-ST-08 17-ST-08
Fund 129, Program #33376 33440 33488 TOTAL
Oct-17 52.51 207.64 208.57 468.72
Nov-17 49.44 195.51 196.38 441.33
Dec-17 54.87 216.99 217.96 489.82
Jan-18 64.80 256.27 257.42 578.49
Feb-18 58.11 229.78 230.81 518.70
Mar-18 66.60 263.75 264.94 595.29
346.33 1,369.94 1,376.08 3,092.35 -
16.D.3.a
Packet Pg. 1331 Attachment: October 2017 - March 2018 Summary (5597 : Recognize interest earnings from State Aid to Libraries Grant Q1 and Q2 FY2018)