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Agenda 02/23/2021 Item #16D 2 (Budget Amendment - Library Funding)02/23/2021 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment to recognize carry forward interest earned for the period July 2020 through September 2020 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 $1,785.83) 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 Grants. The most recent grant was approved by the Board of County Commissioners (Board) on June 9, 2020 (Agenda Item #16D1). 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. Interest earned through September 30, 2020, requires recognition of interest earnings in the amount of $1,785.83. Staff is seeking Board 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 $1,785.83 from accrued interest within Public Services Match Fund (710), Project 33360. GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board action. - JAB RECOMMENDATION: To authorize a Budget Amendment to recognize carryforward interest earned for the period July through September 2020 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 $1,785.83) Prepared By: Jose Alvarado, Accountant, Community and Human Service Division 16.D.2 Packet Pg. 915 02/23/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.2 Doc ID: 14708 Item Summary: Recommendation to authorize a Budget Amendment to recognize carry forward interest earned for the period July 2020 through September 2020 on advanced library funding received from the Florida Department of State to support library services and equipment for the use of Collier County residents. Meeting Date: 02/23/2021 Prepared by: Title: – Community & Human Services Name: Jose Alvarado 01/12/2021 10:24 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 01/12/2021 10:24 AM Approved By: Review: Library Tanya Williams Additional Reviewer Completed 01/12/2021 12:41 PM Community & Human Services Kristi Sonntag CHS Review Completed 01/12/2021 2:24 PM Community & Human Services Tami Bailey Additional Reviewer Completed 01/12/2021 2:46 PM Community & Human Services Rachel Hansen Additional Reviewer Completed 01/12/2021 3:09 PM Community & Human Services Blanca Aquino Luque Additional Reviewer Completed 01/19/2021 11:28 AM Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 01/20/2021 4:46 PM Public Services Department James C French Public Services Deapartment Completed 01/21/2021 4:46 PM Public Services Department James C French PSD Dept Head Review Completed 01/21/2021 4:49 PM Grants Erica Robinson Level 2 Grants Review Completed 01/22/2021 9:57 AM County Attorney's Office Jennifer Belpedio Additional Reviewer Completed 01/22/2021 10:47 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 01/22/2021 11:04 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 01/22/2021 1:18 PM Budget and Management Office Ed Finn Additional Reviewer Completed 02/01/2021 3:37 PM Grants Therese Stanley Additional Reviewer Completed 02/03/2021 12:35 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 02/06/2021 2:09 PM Board of County Commissioners MaryJo Brock Meeting Pending 02/23/2021 9:00 AM 16.D.2 Packet Pg. 916