Agenda 04/12/2022 Item #16D 1 (Budget Amendment Recognizing Interest - Library Services)04/12/2022
EXECUTIVE SUMMARY
Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in
the amount of $733.26, for the period of October 2021 thru December 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)
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, for the period of October 2021 thru
December 2021, requires recognition of interest earnings in the amount of $733.26. 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 a total of $733.26 for FY22 from
accrued interest 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 approve and authorize a Budget Amendment to recognize interest earned,
in the amount of $733.26, for the period of October 2021 thru December 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)
Prepared By: Cynthia Balterman, Accountant, Community and Human Services Division
ATTACHMENT(S)
1. REPORT GL - SATL Interest (33360) (PDF)
16.D.1
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04/12/2022
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.1
Doc ID: 21457
Item Summary: Recommendation to approve and authorize a Budget Amendment to recognize
interest earned, in the amount of $733.26, for the period of October 2021 thru December 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: 04/12/2022
Prepared by:
Title: Accountant – Community & Human Services
Name: Blanca Aquino Luque
02/23/2022 11:49 AM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
02/23/2022 11:49 AM
Approved By:
Review:
Community & Human Services Blanca Aquino Luque Additional Reviewer Completed 02/23/2022 11:52 AM
Library Catherine Cowser Additional Reviewer Completed 02/24/2022 10:00 AM
Community & Human Services Kristi Sonntag CHS Review Completed 03/01/2022 1:42 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 03/09/2022 9:17 AM
Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 03/11/2022 10:57 AM
Public Services Department Todd Henry PSD Level 1 Reviewer Completed 03/11/2022 11:32 AM
Public Services Department Tanya Williams PSD Department Head Review Completed 03/11/2022 1:22 PM
Grants Erica Robinson Level 2 Grants Review Completed 03/14/2022 2:35 PM
Facilities Management Jennifer Belpedio Level 2 Attorney of Record Review Completed 03/14/2022 4:22 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 03/15/2022 7:34 AM
Growth Management Operations Support Christopher Johnson Additional Reviewer Completed 03/15/2022 7:41 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 03/15/2022 10:24 AM
Grants Therese Stanley Additional Reviewer Completed 03/23/2022 4:46 PM
County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 03/24/2022 2:28 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 04/12/2022 9:00 AM
16.D.1
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USE ZFI_EXPEND to verify payment of expendituresState Aid to Libraries - InterestMANUAL ENTRY - Columns A-R (exception to imported data)Row Labels CI text' Budget RevenueBudget to be RecognizedCHECK COMPLIANCE TAB EACH UPDATE361170OVERNIGHT INTEREST 1,941.60 (8,698.19) (6,756.59) 361180INVESTMENT INTEREST 20,718.93 (34,529.93) (13,811.00) 481129TRANS FRM 129 LIB GR 103,200.00 (58,235.39) 44,964.61 481709TRANS FRM 709 PS GRA 2,400.00 ‐ 2,400.00 489200CARRY FORWARD GEN 18,322.75 ‐ 18,322.75 364410SURPLUS FURNITURE 3.64 (3.64) ‐ Grand Total 146,586.92 (101,467.15) 45,119.77 DED)(733.26)$ - Year FundCost CtrFunds Ctr G/L Text CI text' WBS Elem. Description Prd.doc.no Vendor RefDocNo Pmt Doc.No Prd Pymt Bdgt FM pstg d. BudgetBoard Meeting DateItem Number2022 710 989010 361170 19-ST-08 (33617-01) Lib St Aid Int 2021-SEPTEMBEROVERNIGHT INT33360.1 State Aid Interest 101180016 001 (1.17) 10/01/20214/12/20222022 710 989010 361170 20-ST-08 (33670-01) Lib St Aid Int 2021-SEPTEMBEROVERNIGHT INT33360.1 State Aid Interest 101180016 001 (9.05) 10/01/20214/12/20222022 710 989010 361180 20-ST-08 (33670-01) Lib St Aid Int 2021-SEPTEMBERINVESTMENT IN33360.1 State Aid Interest 101180016 001 (46.56) 10/01/20214/12/20222022 710 989010 361180 21-ST-08 (33721-01) Lib St Aid Int 2021-SEPTEMBERINVESTMENT IN33360.1 State Aid Interest 101180016 001 (37.15) 10/01/20214/12/20222022 710 989010 361170 10/21 First Florida Integrity Bank / SBA / FLCLASS OVERNIGHT INT33360.1 State Aid Interest 101184104 001 (1.20) 10/31/20214/12/20222022 710 989010 361180 10/31/21 Custodial Interest INVESTMENT IN33360.1 State Aid Interest 101184097 001 (15.34) 10/31/20214/12/20222022 710 989010 361170 11/21 First Florida Integrity Bank / SBA / FLCLASS OVERNIGHT INT33360.1 State Aid Interest 101190056 002 (1.47) 11/30/20214/12/20222022 710 989010 361180 11/30/21 Custodial Interest INVESTMENT IN33360.1 State Aid Interest 101189600 002 (8.43) 11/30/20214/12/20222022 710 989010 361170 19-ST-08 (33617-01) Lib St Aid Int 2021-OCTOBEROVERNIGHT INT33360.1 State Aid Interest 101188805 003 (0.44) 12/01/20214/12/20222022 710 989010 361170 20-ST-08 (33670-01) Lib St Aid Int 2021-OCTOBEROVERNIGHT INT33360.1 State Aid Interest 101188805 003 (9.65) 12/01/20214/12/20222022 710 989010 361180 20-ST-08 (33670-01) Lib St Aid Int 2021-OCTOBERINVESTMENT IN33360.1 State Aid Interest 101188805 003 (88.13) 12/01/20214/12/20222022 710 989010 361180 21-ST-08 (33721-01) Lib St Aid Int 2021-OCTOBERINVESTMENT IN33360.1 State Aid Interest 101188805 003 (65.34) 12/01/20214/12/20222022 710 989010 361170 12/21 First Foundation Bank / SBA / FLCLASS / FL POVERNIGHT INT33360.1 State Aid Interest 101194684 003 (1.70) 12/31/20214/12/20222022 710 989010 361180 12/31/21 Custodial Interest INVESTMENT IN33360.1 State Aid Interest 101194683 003 (43.48) 12/31/20214/12/20222022 710 989010 361180 12/31/21 Custodial Interest INVESTMENT IN33360.1 State Aid Interest 101195473 003 43.48 12/31/20214/12/20222022 710 989010 361180 12/31/21 Custodial Interest INVESTMENT IN33360.1 State Aid Interest 101195529 003 (37.20) 12/31/20214/12/20222022 710 989010 361170 19-ST-08 (33617-01) Lib St Aid Int 2021-NOVEMBEROVERNIGHT INT33360.1 State Aid Interest 101198125 004 (0.08) 01/01/20224/12/20222022 710 989010 361170 20-ST-08 (33670-01) Lib St Aid Int 2021-NOVEMBEROVERNIGHT INT33360.1 State Aid Interest 101198125 004 (12.45) 01/01/20224/12/20222022 710 989010 361180 20-ST-08 (33670-01) Lib St Aid Int 2021-NOVEMBERINVESTMENT IN33360.1 State Aid Interest 101198125 004 (38.20) 01/01/20224/12/20222022 710 989010 361180 21-ST-08 (33721-01) Lib St Aid Int 2021-NOVEMBERINVESTMENT IN33360.1 State Aid Interest 101198125 004 (33.93) 01/01/20224/12/20222022 710 989010 361180 20-ST-08 (33670-01) Lib St Aid Int 2021-DECEMBERINVESTMENT IN33360.1 State Aid Interest 101199334 004 (172.15) 01/01/20224/12/20222022 710 989010 361180 21-ST-08 (33721-01) Lib St Aid Int 2021-DECEMBERINVESTMENT IN33360.1 State Aid Interest 101199334 004 (140.90) 01/01/20224/12/20222022 710 989010 361170 19-ST-08 (33617-01) Lib St Aid Int 2021-DECEMBEROVERNIGHT INT33360.1 State Aid Interest 101199334 004 (0.15) 01/01/20224/12/20222022 710 989010 361170 20-ST-08 (33670-01) Lib St Aid Int 2021-DECEMBEROVERNIGHT INT33360.1 State Aid Interest 101199334 004 (12.57) 01/01/20224/12/2022Contract(s)XX-XXXX16.D.1.bPacket Pg. 1240Attachment: REPORT GL - SATL Interest (33360) (21457 : State Aid Library Interest Recognition October