Agenda 08/27/2024 Item #16D 1 (To recognize interest earned on advanced library funding received from the Florida Department of State)08/27/2024
EXECUTIVE SUMMARY
Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in the
amount of $5,925.54, for the period of October 2023 through May 2024. The interest was earned on
advanced library funding received from the Florida Department of State to support library services for the
use of Collier County residents. (Fiscal Impact $5,925.54 Public Service Match Fund (1840))
OBJECTIVE: To recognize interest earned on advanced library funding received from the Florida Department of
State. This meets the County’s Strategic Objective of Quality of Place by supporting quality public amenities and
recreational opportunities.
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 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.
New interest earned, for the period of October 2023 through May 2024, requires recognition of interest earnings in
the amount of $5,925.54. Staff is seeking the Board’s authorization to appropriate this interest earned towards
expenditures in support of library services and equipment.
FISCAL IMPACT: A Budget Amendment for FY 2024 accrued interest within Public Services Match Fund
(1840), Project 33360 is required to recognize $5,601.06 of Overnight Interest and $324.48 of Investment Interest
for a total of $5,925.54.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues and
requires majority vote for approval. -JAK
RECOMMENDATION: To approve and authorize a Budget Amendment to recognize interest earned, in the
amount of $5,925.54, for the period of October 2023 through May 2024. The interest was earned 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
ATTACHMENT(S)
1. GL Detail (PDF)
16.D.1
Packet Pg. 1462
08/27/2024
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.1
Doc ID: 29380
Item Summary: Recommendation to approve and authorize a Budget Amendment to recognize interest earned, in
the amount of $5,925.54, for the period of October 2023 through May 2024. The interest was earned on advanced
library funding received from the Florida Department of State to support library services for the use of Collier
County residents. (Fiscal Impact $5,925.54 Public Service Match Fund (1840))
Meeting Date: 08/27/2024
Prepared by:
Title: Grants Coordinator – Community & Human Services
Name: Parker Smith
07/10/2024 9:25 AM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
07/10/2024 9:25 AM
Approved By:
Review:
Community & Human Services Donald Luciano PSD Reviewer Completed 07/16/2024 12:47 PM
Library Catherine Cowser PSD Reviewer Completed 07/17/2024 9:29 AM
Community & Human Services Mark Kadlec PSD Reviewer Completed 07/17/2024 9:55 AM
Operations & Veteran Services Jeff Weir OVS Director Review Completed 07/18/2024 7:57 AM
Community & Human Services Kristi Sonntag CHS Review Completed 07/23/2024 9:50 AM
Community & Human Services Vanessa Collier PSD Reviewer Completed 07/23/2024 10:21 AM
Public Services Department Todd Henry Level 1 Department Review Completed 07/26/2024 12:33 PM
Corporate Compliance and Continuous Improvement Megan Gaillard Additional Reviewer Completed
07/29/2024 7:42 AM
Grants Erica Robinson Level 2 Grants Review Completed 07/29/2024 10:17 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 07/29/2024 10:21 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/29/2024 2:30 PM
Office of Management and Budget Blanca Aquino Luque OMB Reviewer Completed 08/02/2024 3:35 PM
Public Services Department Tanya Williams PSD Department Head Review Completed 08/08/2024 4:53 PM
Grants Therese Stanley OMB Reviewer Completed 08/15/2024 1:22 PM
County Manager's Office Amy Patterson Level 4 County Manager Review Completed 08/20/2024 11:43 AM
Board of County Commissioners Geoffrey Willig Meeting Pending 08/27/2024 9:00 AM
16.D.1
Packet Pg. 1463
RKPEP003 USD -KATHY
Layout KATHY RKPEP003 KATHY'S LAYOUT
Object PRJ 33360 Library SAL Interest
Cost Element 300000 To 499999 *
Posting Date 01/31/2024 To 06/01/2024
Fund WBS elem.Cost Elem.Cost element name Doc.Header Text RefDocNo DocumentNo PO text ValCOArCur Postg Date Grant
1840000000 33360.1 361170 OVERNIGHT INTEREST First Foundation Bank / S 101336824 A0008YND00 121.67-01/31/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 3.90 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 370.35 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 265.90 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 3.60 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 342.21 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 328.62 03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT OCT 2023 101344637 A0009EJ400 4.02-03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT OCT 2023 101344637 A0009EJ400 382.22-03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT OCT 2023 101344637 A0009EJ400 253.91-03/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST First Foundation Bank / S 101347545 A0009GLJ00 103.08-02/29/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST First Foundation Bank / S 101348106 A0009HSM00 112.38-03/31/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST First Foundation Bank / S 101352845 A0009PLZ00 113.21-04/30/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT NOV 2023 101344641 A0009PMH00 3.72-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT NOV 2023 101344641 A0009PMH00 353.18-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT NOV 2023 101344641 A0009PMH00 317.53-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT DEC 2023 101333676 A0009T5J00 4.08-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT DEC 2023 101333676 A0009T5J00 387.97-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT DEC 2023 101333676 A0009T5J00 375.60-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT JAN 2024 101341209 A0009T5K00 4.73-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT JAN 2024 101341209 A0009T5K00 449.90-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT JAN 2024 101341209 A0009T5K00 435.56-04/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST First Foundation Bank / S 101358845 A0009ZFI00 114.27-05/30/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT FEB 2024 101355508 A000A1GC00 3.50-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT FEB 2024 101355508 A000A1GC00 332.63-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT FEB 2024 101355508 A000A1GC00 322.02-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAR 2024 101355509 A000A1GD00 4.98-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAR 2024 101355509 A000A1GD00 473.29-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAR 2024 101355509 A000A1GD00 451.55-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT APR 2024 101355511 A000A1GE00 5.68-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT APR 2024 101355511 A000A1GE00 540.30-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT APR 2024 101355511 A000A1GE00 426.11-05/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAY 2024 101362900 A000A6V000 4.35-06/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAY 2024 101362900 A000A6V000 413.70-06/01/2024 33360-01
1840000000 33360.1 361170 OVERNIGHT INTEREST LIB ST AID INT MAY 2024 101362900 A000A6V000 400.50-06/01/2024 33360-01
*361170 OVERNIGHT INTEREST 5,601.06-
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest 101336825 A0008YNE00 46.01-01/31/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 92.64 03/01/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Reverse Oct-Nov 23 St Aid 101343802 A0009DZU00 2.68 03/01/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST LIB ST AID INT OCT 2023 101344637 A0009EJ400 116.12-03/01/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest 101347544 A0009GLC00 8.45-02/29/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest - Adju 101347776 A0009H1R00 0.53 02/29/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest 101347943 A0009H3V00 33.62-03/31/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST LIB ST AID INT NOV 2023 101344641 A0009PMH00 24.38-04/01/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest 101352863 A0009PU700 47.61-04/30/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST Custodial Interest 101358833 A0009ZHT00 40.53-05/30/2024 33360-01
1840000000 33360.1 361180 INVESTMENT INTEREST LIB ST AID INT MAR 2024 101355509 A000A1GD00 6.65-05/01/2024 33360-01
16.D.1.b
Packet Pg. 1464 Attachment: GL Detail (29380 : State Aid to Libraries Interest October 2023 - Decemeber 2024)
RKPEP003 USD -KATHY
Layout KATHY RKPEP003 KATHY'S LAYOUT
Object PRJ 33360 Library SAL Interest
Cost Element 300000 To 499999 *
Posting Date 01/31/2024 To 06/01/2024
Fund WBS elem.Cost Elem.Cost element name Doc.Header Text RefDocNo DocumentNo PO text ValCOArCur Postg Date Grant
1840000000 33360.1 361180 INVESTMENT INTEREST LIB ST AID INT APR 2024 101355511 A000A1GE00 96.96-05/01/2024 33360-01
*361180 INVESTMENT INTEREST 324.48-
**5,925.54-
16.D.1.b
Packet Pg. 1465 Attachment: GL Detail (29380 : State Aid to Libraries Interest October 2023 - Decemeber 2024)