Agenda 04/09/2019 Item #16D1104/09/2019
EXECUTIVE SUMMARY
Recommendation to recognize interest earned from the period October 2018 through December
2018 on advanced library funding received from the Florida Department of State to support library
services and equipment for the use of Collier County residents in the amount of $2,430.25.
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 Library Grants. The most recent grant was approved by the Board of County
Commissioners (Board) on June 12, 2018 (Agenda Item #16D9). These grants requi re 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. The Board last recognized interest earned on
December 11, 2018 (Agenda Item #16D3). Interest earned through December 31, 2018 requires
recognition of interest earnings in the amount of $2,430.25. Staff is seeking Board approval to appropriate
this interest earned towards expenditures in support of library operations and capital improvements.
FISCAL IMPACT: A Budget Amendment is required to recognize a total of $2,430.25 for accrued
interest within Public Services Match Fund (710), Project 33360.
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 the necessary Budget Amendment to appropriate interest earnings
in the amount of $2,430.25.
Prepared By: Tanya Williams, Director, Library Division
ATTACHMENT(S)
1. October 2018 - December 2018 Summary (XLSX)
16.D.11
Packet Pg. 1021
04/09/2019
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.11
Doc ID: 8253
Item Summary: Recommendation to recognize interest earned from the period October 2018
through December 2018 on advanced library funding received from the Florida Department of State to
support library services and equipment for the use of Collier County residents in the amount of $2,430.25.
Meeting Date: 04/09/2019
Prepared by:
Title: Administrative Assistant – Library
Name: Karen Tibbetts
03/05/2019 11:20 AM
Submitted by:
Title: Assistant Division Director - Library – Library
Name: Tanya Williams
03/05/2019 11:20 AM
Approved By:
Review:
Public Services Department Kimberley Grant Level 1 Reviewer Completed 03/05/2019 11:41 AM
Library Tanya Williams Additional Reviewer Completed 03/07/2019 1:01 PM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 03/15/2019 10:04 AM
Grants Erica Robinson Level 2 Grants Review Completed 03/15/2019 3:12 PM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 03/26/2019 10:45 AM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 03/26/2019 11:36 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 03/28/2019 2:59 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 03/30/2019 1:44 PM
Grants Therese Stanley Additional Reviewer Completed 04/02/2019 2:50 PM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 04/03/2019 11:19 AM
Board of County Commissioners MaryJo Brock Meeting Pending 04/09/2019 9:00 AM
16.D.11
Packet Pg. 1022
October 2018 - December 2018 Summary
Interest Earned
State Aid Grant #15-ST-08 16-ST-08 17-ST-08 18-ST-08
Fund 129, Program #33376 33440 33488 33564 TOTAL
Oct-18 32.82 252.73 395.01 424.05 1,104.61
Nov-18 0.81 100.37 167.92 180.27 449.37
Dec-18 1.58 195.73 327.45 351.51 876.27
35.21 548.83 890.38 955.83 2,430.25 -
16.D.11.b
Packet Pg. 1023 Attachment: October 2018 - December 2018 Summary (8253 : Recognize interest earnings from State Aid to Librarires Grant Q1 FY2019)