Agenda 10/22/2019 Item #16D 6 (Budget Amendment - interest earned)10/22/2019
EXECUTIVE SUMMARY
Recommendation to authorize a budget amendment to recognize carryforward interest earned for
the period April 2019 through June 2019 on advanced library funding received from the Florida
Department of State to support library services and equipment for the use of Collier County
residents (Net Fiscal Impact $4,094.94).
OBJECTIVE: To recognize interest earned on advanced library funding received from the Florida
Department of State.
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 April 9, 2019 (Agenda Item #16D5). 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. The State allows for the rollover of unexpended funds
until the funds are fully exhausted. Interest earnings may be used at the discretion of the County and are
reinvested back into the County’s Library System. Interest earned through June 30, 2019, requires
recognition of interest earnings in the amount of $4,094.94. Staff is seeking Board approval to appropriate
this interest earned towards expenditures in support of library services and equipment.
FISCAL IMPACT: A budget amendment is required to recognize carryforward in the amount of
$4,094.94 from accrued interest within Public Services Match Fund (710), Project 33360.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This Item has been reviewed by the County Attorney, raises no legal
issues, and requires majority vote for approval. -JAK
RECOMMENDATION: To authorize a budget amendment to recognize carryforward interest earned
for the period April through June 2019 on advanced library funding received from the Florida Department
of State to support library services and equipment for the use of Collier County residents (Net Fiscal
Impact $4,094.94).
Prepared By: Jose Alvarado, Accountant, Community & Human Services Division
16.D.6
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10/22/2019
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.6
Doc ID: 10346
Item Summary: Recommendation to authorize a budget amendment to recognize carryforward
interest earned for the period April 2019 through June 2019 on advanced library funding received from
the Florida Department of State to support library services and equipment for the use of Collier County
residents (Net Fiscal Impact $4,094.94)
Meeting Date: 10/22/2019
Prepared by:
Title: – Community & Human Services
Name: Jose Alvarado
09/30/2019 3:54 PM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
09/30/2019 3:54 PM
Approved By:
Review:
Library Tanya Williams Additional Reviewer Completed 09/30/2019 4:36 PM
Community & Human Services Donald Luciano Additional Reviewer Completed 10/01/2019 9:17 AM
Community & Human Services Kristi Sonntag CHS Review Completed 10/01/2019 1:20 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 10/02/2019 12:15 PM
Public Services Department Kimberley Grant Level 1 Reviewer Completed 10/08/2019 9:28 AM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 10/08/2019 9:52 AM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/08/2019 2:07 PM
Grants Erica Robinson Level 2 Grants Review Completed 10/11/2019 8:33 AM
Office of Management and Budget Laura Wells Level 3 OMB Gatekeeper Review Completed 10/11/2019 8:53 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/11/2019 10:13 AM
Grants Therese Stanley Additional Reviewer Completed 10/14/2019 12:32 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 10/14/2019 1:48 PM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 10/14/2019 1:52 PM
Board of County Commissioners MaryJo Brock Meeting Pending 10/22/2019 9:00 AM
16.D.6
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