Supplemental Budget Amendment #055 - State Aid to Libraries Grant
From:
Stephan Hall, Interim Department Director
Organization:
OMB
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #055 - Stephan Hall, Management and Budget Services Interim Department Director
That the Board adopt the Resolution approving Supplemental Budget Amendment #055, Library Fund (113), in the amount of $79,698, to recognize additional Grant funds, and to increase the Cost Center balance in the State Aid to Libraries Grant, since the actual Grant amount was more than budgeted.
BACKGROUND:
West Florida Public Library was awarded the additional grant funds for the State Aid to Libraries Grant. The Grant was budgeted for $112,000. However, the actual grant was awarded for $191,698 meaning a $79,698 increase is needed to correct the center center balance.
BUDGETARY IMPACT:
The amendment will increase Fund 113 by $79,698.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases and decreases in revenues to be approved by the Board.