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HomeMy WebLinkAbout12 - Library Foundation Budget AmendmentCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 12 October 12, 2004 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: LINDA KATSOULEAS LIBRARY SERVICES DIRECTOR, 949 - 717 -3810 Ikatsouleas @city. newport-beach.ca. us SUBJECT: BUDGET AMENDMENT TO ACCEPT A CHECK FROM THE NEWPORT BEACH LIBRARY FOUNDATION AND APPROPRIATE FUNDS FOR MAINTENANCE AND OPERATIONS BUDGET FOR FY 2004105. RECOMMENDATION: Approve a Budget Amendment to increase revenue estimates by $135,000 in Account No. 4010 -5901 and increase maintenance & operation expenditure estimates by the same amount in Division 4090, Foundation. DISCUSSION: A check from the Newport Beach Public Library (NBPL) Foundation in the amount of $135,000 approved by the Library Board of Trustees on September 21, 2004 will be presented to City Council. The entire amount of the check will be deposited into 4010- 5901. An anonymous donor gave the Newport Beach Public Library Foundation a gift of $250,000 to be used to enhance library programs and services, requesting she receive no publicity. She also requested the donation be spent for needs other than the construction of the Crean Mariners Library. The Library staff developed a wish list that was reviewed and approved by the Board of Library Trustees and the Board of the NBPL Foundation. This check is the first installment of the gift. The Library will submit a request for the remainder of the gift after the first of the year. The majority of this portion of the gift will be spent on enhancing the collections at both the Central Library and the branches. We will purchase materials in DVD, CD and video format in response to customer demand. We are also ordering frequently requested research tools such as the Oxford Dictionary of Biography ($12,000) and the New York Times Archives Online ($19,000) that we could not purchase without this gift. Meeting room and program equipment will be repaired, appropriate furniture needed to provide access to the alternative format materials will be purchased and our WiFi service will be expanded. The entire donation will be used to improve Library Services in the expenditure accounts as specified below: 4090 -8035 (Maint/Repair, Central Library) Exterior Support $6,500 Landscaping ..................... ..............................$ 1,500. Lighting /Patio & Meeting Room ...........................$ 2,500. Replace Kitchen Doors ........ ..............................$ 2,500. 4090 -8260 (Library Materials) Collections $85,015 Branches ............................ ............................... $10,000. Children' s ........................... ............................... $ 7,000. Reference .......................... ............................... $31,000. DVDs/Spoken Word ...................... .......................$32,015. Best Sellers .......................... ..............................$ 5,000. 4090 -9010 (Computer Equipment) Wireless Support $15,100 Wireless Laptop Computers ........ .......................$15,100. 4090 -9400 (Office Furniture /Fixtures) Interior Support $28,385 Program Furniture .................. ..............................$ 8,285. Library Collection Furniture ............. .......................$20,100. Total Amount of Check $135,000 Submitted by: ®r ! 5 04 •, 111 IMIRS Attachments: Copy of check for $135,000 from NBPLF I zo YOm Op00 � p N :J fn l7 N ¢fnJ r aQJ N LLJ2 � JZQ 3�0 z¢ 0 0 c O Y v c m . 3 LL o >m >^a (VO Ni v a co J Qc� tamm m 8mm d�o m n m a z 3 d z S .o a a m m o` 3 v rg Cc m Cc a J r� w w A O 0 0 a a a 'o F T r w �o x �w 0 aa0 T � O a `O N v y a � � U a m p m f LO ri o O ' O O O O N � h � M O� i •• PJ I zo YOm Op00 � p N :J fn l7 N ¢fnJ r aQJ N LLJ2 � JZQ 3�0 z¢ 0 0 c O Y v c m . 3 LL o >m >^a (VO Ni v a co J Qc� tamm m 8mm d�o m n m a z 3 d z S .o a a m m o` 3 v rg Cc m Cc a J r� w w A O 0 0 a a a 'o F T r w �o x �w 0 aa0 T � O a `O N v y a � � U a m p m f City of Newport Beach NO. BA- 017 BUDGET AMENDMENT 2004 -05 EFFECT ON BUDGETARY FUND BALANCE: X Increase Revenue Estimates X Increase Expenditure Appropriations AND Transfer Budget Appropriations SOURCE: from existing budget appropriations X from additional estimated revenues from unappropriated fund balance EXPLANATION: This budget amendment is requested to provide for the following: AMOUNT: $135,000.00 Increase in Budgetary Fund Balance Decrease in Budgetary Fund Balance X No effect on Budgetary Fund Balance To increase revenue estimates and expenditure appropriations due to receipt of donation from the Newport Beach Library Foundation. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Fund Account REVENUE ESTIMATES (3601) Fund /Division Account 4010 5893 EXPENDITURE APPROPRIATIONS (3603) Division Number Account Number Account Number Account Number Account Number Division Number Account Number Signed: Signed: Signed: Description Description NB Library Foundation Description 4890 Library - Library Foundation 8040 Maint & Repair Buildings 8260 Library Materials 9010 Computer Equipment 9400 Office Furniture /Fixtures Approval: Administrative Services Director City Manager City Council Approval: City Clerk Amount Debit Credit $135,000.00 $6,500.00 $85,015.00 $15,100.00 $28,385.00 /O - ip,--� Date O G to Date