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Agenda 06/09/2020 Item #16D 1 (Budget Amendment - Advanced Library Funding)06/09/2020 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment to recognize interest earned for the period October 2019 through December 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. 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 28, 2020 (Agenda Item #16D12). 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 December 31, 2019 requires recognition of interest earnings in the amount of $3,470. 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 in the amount of $3,470 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, is approved as to form and legality, and requires majority vote for approval. -JAK RECOMMENDATION: To authorize a Budget Amendment to recognize interest earned for the period October through December 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. Prepared By: Jose Alvarado, Accountant, Community & Human Services Division 16.D.1 Packet Pg. 1033 06/09/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Doc ID: 12305 Item Summary: Recommendation to authorize a Budget Amendment to recognize interest earned for the period October 2019 through December 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. Meeting Date: 06/09/2020 Prepared by: Title: – Community & Human Services Name: Jose Alvarado 04/29/2020 11:50 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 04/29/2020 11:50 AM Approved By: Review: Library Tanya Williams Additional Reviewer Completed 04/30/2020 12:26 PM Community & Human Services Tami Bailey Additional Reviewer Completed 05/04/2020 8:58 AM Community & Human Services Maggie Lopez Additional Reviewer Completed 05/06/2020 8:26 AM Community & Human Services Kristi Sonntag CHS Review Completed 05/18/2020 8:19 PM Operations & Veteran Services Kimberley Grant Level 1 Reviewer Completed 05/19/2020 3:56 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 05/20/2020 8:00 AM Grants Erica Robinson Level 2 Grants Review Completed 05/20/2020 10:32 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/23/2020 10:48 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 05/26/2020 8:27 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/27/2020 2:36 PM Budget and Management Office Ed Finn Additional Reviewer Completed 06/01/2020 9:57 AM Grants Therese Stanley Additional Reviewer Completed 06/01/2020 12:05 PM County Manager's Office Sean Callahan Level 4 County Manager Review Completed 06/01/2020 12:49 PM Board of County Commissioners MaryJo Brock Meeting Pending 06/09/2020 9:00 AM 16.D.1 Packet Pg. 1034