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Agenda 09/13/2016 R Item #16D 1 16.D.1 09/13/2016 EXECUTIVE SUMMARY Recommendation to recognize interest earnings from State Aid to Libraries Grants and approve a budget amendment in the amount of$459.69 to recognize State Aid Interest Earnings through June 30th. OBJECTIVE: To recognize interest earned on advanced library funding received from the Florida Department of State in order to support library services and equipment for the use of Collier County residents. CONSIDERATIONS: Each year the Collier County Public Library("CCPL") is awarded funds through the State Aid to Libraries Grants. The most recent grant was approved by the Board on March 22, 2016 (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 the funds 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. The Board last approved recognizing interest earned on June 14, 2016 (Agenda item 16D7). Interest earned through June 30, 2016 requires recognition of interest earnings in the amount of$459.69. Staff is seeking Board approval to appropriate this interest earned in order to expend the funds in support of library operations and capital improvements. FISCAL IMPACT: Budget amendments are required to recognize a carryforward total of$459.69 for accrued interest within the Public Services Grant Match Fund 710,Project 33360. GROWTH MANAGEMENT IMPACT:None. LEGAL CONSIDERATIONS: This item has been approved as to form and legality and requires majority vote for approval. -CMG RECOMMENDATION: That the Board of County Commissioners approves the necessary budget amendments to appropriate carryforward interest earnings in the amount of$459.69 from the State Aid to Libraries Grant. Prepared by: Tanya Williams,Interim Library Director ATTACHMENT(S) 1. 16-ST-08_Signed Grant Agreement.FINAL (PDF) Packet Pg. 1133 1 6.D.1 09/13/2016 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Item Summary: Recommendation to recognize interest earnings from State Aid to Libraries Grants and approve a budget amendment in the amount of $459.69 to recognize State Aid Interest Earnings through June 30th. Meeting Date: 09/13/2016 Prepared by: Title: Administrative Assistant—Library Name: Karen Tibbetts 08/05/2016 12:16 PM Submitted by: Title: Assistant Division Director-Library—Library Name: Tanya Williams 08/05/2016 12:16 PM Approved By: Review: Library Tanya Williams Level 1 Originator Add Reviewer Completed 08/08/2016 8:29 AM Public Services Department Hailey Margarita Alonso Level 1 Division Reviewer Completed 08/09/2016 3:40 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 08/09/2016 4:26 PM Grants Joshua Thomas Level 2 Grants Review Completed 08/10/2016 7:54 AM County Attorney's Office Colleen Greene Level 2 Attorney Review Completed 08/15/2016 9:41 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 08/15/2016 10:06 AM County Attorney's Office Jeffrey A.Klatzkow Level 3 County Attorney's Office Review Completed 08/15/2016 5:06 PM Grants Therese Stanley Level 3 OMB 1st Reviewer 1-4 Completed 08/22/2016 2:45 PM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 08/27/2016 12:45 PM Board of County Commissioners MaryJo Brock Meeting Pending 09/13/2016 9:00 AM Packet Pg. 1134