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Agenda 11/18/2014 Item # 16D1211/18/2014 16.D.12. EXECUTIVE SUMMARY Recommendation to recognize carry forward from accrued interest in the amount of $388.17 from State Aid to Library Grants revenue and appropriate those funds for expenditures on library materials, services, and equipment. OBJECTIVE: To recognize accrued interest and unused funds to appropriate for expenditures on library materials, services, and equipment for the use of Collier County residents. CONSIDERATIONS: Each year the Collier County Public Library is awarded funds through the State Aid to Library Grants. The most recent grant was approved by the Board on September 9, 2014 — Agenda item 16D16. 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, including interest, to the next year's grant for County expenditure. Interest in CCPL Grant Funds 710 has accrued to a balance of $388.17 from July 1 through September 30, 2014. Staff is seeking Board approval to recognize and appropriate this accrued interest and grant revenue in order to expend the funds. FISCAL IMPACT: Budget amendments are required to recognize a total of $388.17 for accrued interest within State Aid Projects 33030, 44024, 33005, 33152, 33254, and 33324 in Public Services Match Fund 710 Project 33360. GROWTH MANAGEMENT IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues at this time, and requires majority vote for approval. -JAK RECOMMENDATION: That the Board of County Commissioners approves the necessary budget amendment to appropriate carry forward from accrued interest through September 30, 2014 in the amount of $388.17. Prepared by: Marilyn Matthes, Director Packet Page -1642- 11 /18/2014 16. D.12. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.D.16.D.12. Item Summary: Recommendation to recognize carry forward from accrued interest in the amount of $388.17 from State Aid to Library Grants revenue and appropriate those funds for expenditures on library materials, services, and equipment. Meeting Date: 11/18/2014 Prepared By Name: TibbettsKaren Title: Administrative Assistant, Library 10/29/2014 3:21:05 PM Submitted by Title: Director - Library, Library Name: MatthesMarilyn 10/29/2014 3:21:06 PM Approved By Name: AlonsoHailey Title: Operations Analyst, Public Services Division Date: 10/30/2014 2:41:26 PM Name: TownsendAmanda Title: Director - Operations Support, Public Services Division Date: 11/3/2014 9:43:55 AM Name: Joshua Thomas Title: Grants Support Specialist, Grants Management Office Date: 11/3/2014 3:12:04 PM Name: CarnellSteve Title: Administrator - Public Services, Public Services Division Date: l 1 /7/2014 6:20:06 PM Packet Page -1643- 11 /18/2014 16. D.12. Name: StanleyTherese Title: Manager - Grants Compliance, Grants Management Office Date: 11 /] 0/2014 9:11:26 AM Name: KlatzkowJeff Title: County Attorney, Date: 11 /10/2014 9:29:27 AM Name: FinnEd Title: Management/Budget Analyst, Senior, Transportation Engineering & Construction Management Date: l 1/] 0 /2014 9:57:59 AM Name: OchsLeo Title: County Manager, County Managers Office Date: 11/10/2014 12:38:14 PM Packet Page -1644-