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Agenda 11/08/2022 Item #16D 2 (Budget Amendment on Advanced Library funding for April 2022 thru June 2022)11/08/2022 EXECUTIVE SUMMARY Recommendation to approve and authorize a Budget Amendment to recognize carry forward interest earned, in the amount of $500.72, for the period of April 2022 thru June 2022 on advanced library funding received from the Florida Department of State, and surplus auction proceeds, 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 and surplus auction proceeds. 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 #16135). 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 and the proceeds from surplus online auctions, for the period of April 2022 thru June 2022, require recognition of interest earnings in the amount of $500.72. Staff is seeking Board approval to appropriate this interest earned and surplus auction proceeds towards expenditures in support of library services and equipment. FISCAL IMPACT: A Budget Amendment is required to recognize accrued FY22 interest revenue from carry forward in the amount of $500.12 and accrued FY 22 surplus auction proceeds in the amount of $0.60 for a total of $500.72 within Public Services Match Fund (710), Project 33360. 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 carry forward interest earned, in the amount of $500.72, for the period of April 2022 thru. June 2022 on advanced library funding received from the Florida Department of State, and surplus auction proceeds, to support library services for the use of Collier County residents. (Public Service Match Fund 7 10) Prepared By: Cynthia Balterman, Accountant, Community and Human Services Division ATTACHMENT(S) 1. REPORT GL - SATL Interest (33360) (PDF) I Packet Pg. 1064 11/08/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.13.2 Doe ID: 23389 Item Summary: Recommendation to approve and authorize a Budget Amendment to recognize carry forward interest earned, in the amount of $500.72, for the period of April 2022 thru June 2022 on advanced library funding received from the Florida Department of State, and surplus auction proceeds, to support library services for the use of Collier County residents. (Public Service Match Fund 7 10) Meeting Date: 11/08/2022 Prepared by: Title: — Community & Human Services Name: Cynthia Balterman 09/15/2022 1:32 PM Submitted by: Title: Manager - Federal/State Grants Operation — Community & Human Services Name: Kristi Sonntag 09/15/2022 1:32 PM Approved By: Review: Community & Human Services Kristi Sonntag CHS Review Operations & Veteran Services Jeff Newman Additional Reviewer Community & Human Services Blanca Aquino Luque Additional Reviewer Library Catherine Cowser Additional Reviewer Public Services Department Todd Henry PSD Level 1 Reviewer Public Services Department Tanya Williams PSD Department Head Review County Attorney's Office Derek D. Perry Level 2 Attorney Review 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 Office of Management and Budget Christopher Johnson Additional Reviewer Grants Therese Stanley Additional Reviewer County Manager's Office Dan Rodriguez Level 4 County Manager Review Board of County Commissioners Geoffrey Willig Meeting Pending Completed 09/16/2022 7:58 AM Completed 09/19/2022 1:55 PM Completed 10/10/2022 4:38 PM Completed 10/13/2022 2:05 PM Completed 10/14/2022 10:42 AM Completed 10/19/2022 12:26 PM Completed 10/24/2022 1:21 PM Completed 10/25/2022 9:52 AM Completed 10/25/2022 10:06 AM Completed 10/26/2022 9:15 AM Completed 10/31/2022 8:09 AM Completed 10/31/2022 11:47 AM Completed 11/01/2022 9:51 AM 11 /08/2022 9: 00 AM I Packet Pg. 1065 1 0 n - - - - -- -, -, -, -. - 0 - - - - -. � � 11 11 11 11 1. t� t� kk,- �,- �m- 'm - a, o, o, o, o, m cl o' 0, 0, 0, a, OOCDCDOOOOOOOCD o 000000 6666666666666666666 �, �, F� F� F� F� F� �, �, �, F� F� F� F� �-- �, �, F� Wl Wl wl 0 0 C� C� 0 0 CD 0 0 0 C� 0 0 0 CD 0 C� r 6�-n66666 01 01 "1 M L -n M n C3 Z, 6 6 6 8., L: -n . 0 Er rD 0 Ln -n n En -n -0 0 0 0 0 0 0 0 0 2 0 - Fn ;M' ;M' A wl wl wl 0 0 m C. 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