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Agenda 01/14/2020 Item #16D6 (Budget Amendment - Library Funding)01/14/2020 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment to recognize carry forward interest earned for the period July 2019 through September 2019 on advanced library funding received from the Florida Department of State to support library services and equipment for the use of Collier County residents (Net Fiscal Impact $4,502.88). 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 Grant. The most recent grant was approved by the Board of County Commissioners (Board) on April 9, 2019 (Agenda Item #16D5). This grant requires the CCPL to provide the public with free library services, including loaning library materials, providing reference and information services. Funds are advanced annually to Collier County and therefore accrue interest. Interest earnings may be used at the discretion of the County and are reinvested back into the County’s Library System. Interest earned through September 30, 2019, requires recognition of interest earnings in the amount of $4,502.88. The State allows for the rollover of unexpended funds to future years until the funds are fully exhausted. Staff is seeking Board of County Commissioners’ approval to appropriate this interest earned towards expenditures in support of library services and equipment. FISCAL IMPACT: A Budget Amendment is required to recognize carry forward in the amount of $4,502.88 from 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 or approval. -JAK RECOMMENDATION: To authorize a Budget Amendment to recognize carry forward interest earned for the period July through September 2019 on advanced library funding received from the Florida Department of State to support library services and equipment for the use of Collier County residents (Net Fiscal Impact $4,502.88). Prepared By: Jose Alvarado, Accountant, Community & Human Services Division 16.D.6 Packet Pg. 1533 01/14/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.6 Doc ID: 11107 Item Summary: Recommendation to authorize a Budget Amendment to recognize carry forward interest earned for the period July 2019 through September 2019 on advanced library funding received from the Florida Department of State to support libr ary services and equipment for the use of Collier County residents. Meeting Date: 01/14/2020 Prepared by: Title: – Community & Human Services Name: Jose Alvarado 12/13/2019 8:27 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 12/13/2019 8:27 AM Approved By: Review: Community & Human Services Donald Luciano Additional Reviewer Completed 12/13/2019 2:47 PM Community & Human Services Kristi Sonntag CHS Review Completed 12/17/2019 11:05 AM Library Tanya Williams Additional Reviewer Completed 12/17/2019 11:08 AM Community & Human Services Maggie Lopez Additional Reviewer Completed 12/18/2019 10:49 AM Public Services Department Joshua Hammond Level 1 Reviewer Completed 12/19/2019 7:27 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 12/19/2019 12:12 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 12/19/2019 12:56 PM Grants Erica Robinson Level 2 Grants Review Completed 12/27/2019 12:43 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 12/30/2019 9:43 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 12/31/2019 9:27 AM Grants Therese Stanley Additional Reviewer Completed 01/02/2020 1:28 PM County Manager's Office Sean Callahan Level 4 County Manager Review Completed 01/02/2020 2:57 PM Board of County Commissioners MaryJo Brock Meeting Pending 01/14/2020 9:00 AM 16.D.6 Packet Pg. 1534