Agenda 07/12/2022 Item #16D 3 (BA recognizing interest earned for the period of January 2022 thru March 2022 on advanced library funding received from FDOS)07/12/2022
EXECUTIVE SUMMARY
Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in
the amount of $264.15, for the period of January 2022 thru March 2022 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 April 26, 2022 (Agenda Item #16D5). These grants require the CCPL to
provide the public with free library services, including loaning library materials and 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 January 2022 thru
March 2022, requires recognition of interest earnings in the amount of $264.15. 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 $264.15 for FY22 from
accrued interest within Public Services Match Fund (710), Proj ect 3 3 3 60.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This item has been approved as to forrn and legality, and requires a
majority vote for Board approval. --DDP
RECOMMENDATION: To approve and authorize a Budget Amendment to recognize interest earned,
in the amount of $264.15, for the period of January 2022 thru March 2022 on advanced library funding
received from the Florida Department of State to support library services for the use of Collier County
residents.
Prepared By: Cynthia Balterman, Accountant, Community and Human Services Division
ATTACHMENT(S)
1. REPORT GL - SATL Interest (33360) (PDF)
I Packet Pg. 1369 1
07/12/2022
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.3
Doe ID: 22439
Item Summary: Recommendation to approve and authorize a Budget Amendment to recognize
interest earned, in the amount of $264.15, for the period of January 2022 thru March 2022 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 7 10)
Meeting Date: 07/12/2022
Prepared by:
Title: — Community & Human Services
Name: Cynthia Balterman
06/13/2022 9:33 AM
Submitted by:
Title: Manager - Federal/State Grants Operation — Community & Human Services
Name: Kristi Somitag
06/13/2022 9:33 AM
Approved By:
Review:
Library
Catherine Cowser
Additional Reviewer
Community & Human Services
Kristi Sonntag
CHS Review
Community & Human Services
Maggie Lopez
Additional Reviewer
Operations & Veteran Services
Kimberley Grant
Additional Reviewer
Community & Human Services
Blanca Aquino Luque
Additional Reviewer
Public Services Department
Todd Henry
PSD Level 1 Reviewer
Public Services Department
Tanya Williams
PSD Department Head Review
Grants
Erica Robinson
Level 2 Grants Review
County Attorney's Office
Derek D. Perry
Level 2 Attorney 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
Grants
Therese Stanley
Additional Reviewer
Office of Management and Budget
Christopher Johnson Additional Reviewer
County Manager's Office
Dan Rodriguez
Level 4 County Manager Review
Board of County Commissioners
Geoffrey Willig
Meeting Pending
Completed
06/13/2022 9:35 AM
Completed
06/13/2022 1:35 PM
Completed
06/13/2022 9:31 PM
Completed
06/14/2022 10:19 AM
Completed
06/14/2022 10:58 AM
Completed
06/14/2022 2:56 PM
Completed
06/14/2022 3:54 PM
Completed
06/15/2022 10:35 AM
Completed
06/20/2022 10:06 AM
Completed
06/20/2022 10:59 AM
Completed
06/20/2022 11:51 AM
Completed
06/29/2022 2:27 PM
Completed
06/30/2022 11:59 AM
Completed
07/06/2022 10:32 AM
07/12/2022 9:00 AM
I Packet Pg. 1370 1
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