Agenda 12/14/2021 Item #16D 4 (BA Carry forward interest earned for Library)12/14/2021
16.D.4
EXECUTIVE SUMMARY
Recommendation to authorize a Budget Amendment to recognize carry forward interest earned in
the amount of $699.66 for the period April 2021 through August 2021 on advanced library funding
received from the Florida Department of State to support library services and equipment for the
use of Collier County residents. (Public Service Match Fund 710)
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 June 8, 2021 (Agenda Item #16D3). 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 from April 1st through August 31 St,
2021 requires recognition of interest earnings in the amount of $699.66. 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 accrued FY21 interest revenue from
carry forward in the amount of $699.66 within Public Services Match Fund (710), Project 33360.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote
for Board action. -JAB
RECOMMENDATION: To authorize a Budget Amendment to recognize carry forward interest earned
in the amount of $699.66 for the period April 2021 through August 2021 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 $699.66)
Prepared By: Cynthia Balterman, Accountant, Community and Human Services Division
ATTACHMENT(S)
1. INT 2021 Q3 Fund 709 SATL Interest (PDF)
Packet Pg. 1539
16. D.4
12/14/2021
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.13.4
Doe ID: 20451
Item Summary: Recommendation to authorize a Budget Amendment to recognize carry forward
interest earned in the amount of $699.66 for the period April through August 2021 on advanced library
funding received from the Florida Department of State to support library services for the use of Collier
County residents. (Public Service Match Fund 710)
Meeting Date: 12/14/2021
Prepared by:
Title: Accountant — Community & Human Services
Name: Blanca Aquino Luque
11/01/2021 9:05 AM
Submitted by:
Title: Manager - Federal/State Grants Operation — Community & Human Services
Name: Kristi Sonntag
11/01/2021 9:05 AM
Approved By:
Review:
Community & Human Services
Maggie Lopez
Additional Reviewer
Library
Tanya Williams
Additional Reviewer
Operations & Veteran Services
Kimberley Grant
Additional Reviewer
Community & Human Services
Todd Henry
CHS Review
Community & Human Services
Todd Henry
Additional Reviewer
Public Services Department
Todd Henry
Public Services Department
County Attorney's Office
Jennifer Belpedio
Level 2 Attorney of Record Review
Public Services Department
Dan Rodriguez
PSD Department Head
Grants
Erica Robinson
Level 2 Grants Review
Office of Management and Budget
Debra Windsor
Level 3 OMB Gatekeeper Review
County Attorney's Office
Jeffrey A. Klatzkow Level 3 County Attorney's Office Review
Growth Management Operations Support
Christopher Johnson
Grants
Therese Stanley
Additional Reviewer
County Manager's Office
Geoffrey Willig
Level 4 County Manager Review
Board of County Commissioners
Geoffrey Willig
Meeting Pending
Completed
11/08/2021 8:29 AM
Completed
11/08/2021 10:15 AM
Completed
11/08/2021 12:38 PM
Skipped
11/10/2021 7:49 AM
Skipped
11/12/2021 10:50 AM
Completed
11/12/2021 11:00 AM
Completed
11/16/2021 2:01 PM
Completed
11/16/2021 6:40 PM
Completed
11/23/2021 2:56 PM
Completed
11/23/2021 3:06 PM
Completed
11/23/2021 3:12 PM
Additional Reviewer Completed
Completed
11/30/2021 1:03 PM
Completed
12/03/2021 10:24 AM
12/14/2021 9:00 AM
Packet Pg. 1540
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