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Agenda 03/26/2024 Item #16D 2 (Budget amendment on advanced library funding from the Florida Department of State)03/26/2024 EXECUTIVE SUMMARY Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in the amount of $1,760.02, for the period of October 2023 through December 2023 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 1840) 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 July 11, 2023 (Agenda Item #16.D.4). These grants require the CCPL to provi de 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 2023 through December 2023, requires recognition of interest earnings in the amount of $1,760.02. 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 $1,760.02 for FY24 from accrued interest within Public Services Match Fund (1840), Project 33360. GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. LEGAL CONSIDERATIONS: This item has been approved as to form 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 $1,760.02, for the period of October 2023 through December 2023 on advanced library funding received from the Florida Department of State to support library services for the use of Collier County residents. Prepared By: Parker Smith, Grants Coordinator I, Community and Human Services Division 16.D.2 Packet Pg. 1162 03/26/2024 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.2 Doc ID: 28007 Item Summary: Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in the amount of $1,760.02, for the period of October 2023 through December 2023 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 1840) Meeting Date: 03/26/2024 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Parker Smith 02/12/2024 7:28 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 02/12/2024 7:28 AM Approved By: Review: Community & Human Services Kristi Sonntag CHS Review Completed 02/12/2024 12:08 PM Operations & Veteran Services Jeff Weir OVS Director Review Completed 02/12/2024 3:14 PM Public Services Department Vanessa Collier PSD Reviewer Completed 02/13/2024 4:35 PM Procurement Services Sandra Srnka Level 1 Purchasing Gatekeeper Completed 02/14/2024 7:47 AM Community & Human Services Kim Frazier PSD Reviewer Completed 02/20/2024 9:27 AM Public Services Department Todd Henry Level 1 Department Review Completed 02/28/2024 7:42 AM Grants Erica Robinson Level 2 Grants Review Completed 02/29/2024 1:05 PM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 02/29/2024 9:58 PM Procurement Services Sandra Srnka Procurement Director Review Completed 03/05/2024 10:02 AM Public Services Department Tanya Williams PSD Department Head Review Completed 03/11/2024 8:11 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 03/11/2024 8:30 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 03/11/2024 9:12 AM Grants Therese Stanley OMB Reviewer Completed 03/13/2024 5:41 PM Office of Management and Budget Blanca Aquino Luque OMB Reviewer Completed 03/14/2024 12:25 PM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 03/14/2024 7:01 PM Board of County Commissioners Geoffrey Willig Meeting Pending 03/26/2024 9:00 AM 16.D.2 Packet Pg. 1163