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Agenda 02/24/2009 Item #16E 8 Agenda It"m No. 16E8 February 24, 2009 Page 1 of 2 EXECUTIVE SUMMARY Recommendation to approve a Budget Amendment to the Freedom Memorial Fund (620) in the amount of $70,000 in order to begin construction on the Collier County Freedom Memorial. OBJECTIVE: To appropriate existing funds for the construction on the Collier County Freedom Memorial, located at Freedom Park. CONSIDERATIONS: In 2005 the Collier County Board of Commissioners established that there was a valid public purpose for the solicitation and receipt of donations to construct a Freedom Memorial (Resolution 2005-259). In order to provide for the design and construction of the Memorial, the Freedom Memorial Fund (620) was established. Funding for the construction of the Freedom Memorial is provided by grants and contributions, and to-date these private contributions have been held in a Reserve for Future Construction within the Freedom Memorial Fund. Contributions to the Fund have reached a level such that construction on the memorial may begin, and this budget amendment seeks to appropriate these existing funds. FISCAL IMPACT: A budget amendment of $70,000 is recommended, in order to appropriate funds held in reserve to an operating account where they may be expended. This budget amendment will result in no net change to the fund balance. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this item. RECOMMENDATION: That the Board approves a budget amendment to the Freedom Memorial Fund (620) in the amount of $70,000. PREPARED BY: Claude Nesbitt, Sr. Project Manager, Facilities Management Page I of I P,genda Item No. 16E8 February 24,2009 Page 2 of 2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: 16E8 Item Summary: Recommendation to approve a Budget Amendment to tile Freedom Memorial Fund (620) in the amount of $70,000 in order to begin construction on the Collier County Freedom Memorial Meeting Date: 2/24/2009 90000 AM Prepared By Laura Davisson Mariagement & Budget Analyst Date County Manager's Office Office of Management & Budget 2/131200910:24:20 AM Approved By Skip Camp, C.F,M. Facilities Management Director Facilities Management Date Administrative Services 2/13/200910:44 AM Appro\'ed By Len Golden Price Administrative Services Administrator Date Administrative Services Administrative Services Admin. 2113/200910:54 AM Appro\'ed By Jeff Klatzkow Assistant County Attorney Date County Attorney County Attorney Office 2113/20092:10 PM Approved By OMS Coordinator OMS Coordinator Date County Manager's Office Office of Management & Budget 2/13/20094:05 PM Approved By Laura Davisson Management & Budget Analyst Date County Manager's Office Office of Management & Budget 2/13f2009 4:07 PM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 2/16/20095:54 PM file:l/C:\AQendaTest\Exoort\ 124-Februarv%2024. %202009\ 16.%20CONSENT%20AGEND... 2/18/2009