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HomeMy WebLinkAbout16 - Check from the Friends of the NB LibraryCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 16 January 22, 2008 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 TWO CHECKS FROM THE FRIENDS OF THE NEWPORT BEACH LIBRARY AND APPROPRIATE FUNDS TO MAINTENANCE & OPERATIONS BUDGET ACCOUNTS FOR FY 2007108. RECOMMENDATION: Approve a Budget Amendment to increase revenue estimates by $20,100 in Account No. 4091 -5892 (Friends of the Library Donations), and increase expenditure estimates by $20,100 in Division 4091, Friends. DISCUSSION: Two checks from the Friends of the Newport Beach Public Library for a total amount of $20,100 were approved by the Library Board of Trustees on Tuesday, January 15, 2008. A facsimile of the original checks will be presented to City Council on January 22. The Friends see their mission as enhancing the excellent services the City already supports. This gift is to be used to support the Newport Beach Public Library Summer Reading Programs. Research has demonstrated that participation in library reading programs during the summer can make as much as a year's difference in reading levels when students return to school. The second program the Friends donation underwrites is our "Books and Buses" outreach to the schools. Classrooms of first and fourth graders travel to the Library for orientation to the Library and its resources. It is particularly valuable for students who are unaware of the depth and variety of our online resources. The entire donation will be used to improve Library Services in the M &O expenditure accounts as indicated below. There is no fiscal impact on the overall budget. 4091 -8012 (Programming) $20,100 Summer Reading Program for Youth $16,500 School Visits by Bus and Gift Books $ 3,600 Total Amount $20.100 Submitted by: Li da Katso leas, Library Services Director Attachments: Copy of checks for $16,500 and $3,600 from Friends of the NBPL. 'YGO fR'fl,l71�°�Y�a �. ■00 i i$q �: i 2't0`.t 24 3 i 714 40 74 Lb' FRIENDS OF.-NEWPORT BEACH LIBRARY. M10q00AVACA1AiY 1.p��PORT BEA(°}� GA 528Q0 1;189 FRIENDS, Q�,IfiEWPORT BEACH LIBRARY 1000 AVACA6Q ASiE' N@N90RT BEACW %A OzsGd i ,e::��li�l Ui7 1311 a � p� �) � ./ 0: 16- 6611220 2431 pdytathe C.vF ! Vii. Yi '--�- {Y �� � •.'n +0❑ i i4b�� tai F �'i�����,.il. 2:1.3 1,7....:40 ?.4 i�■ , orrars } d 2601 Ee " +r Ne T1 '&r>ti$ 'YGO fR'fl,l71�°�Y�a �. ■00 i i$q �: i 2't0`.t 24 3 i 714 40 74 Lb' FRIENDS OF.-NEWPORT BEACH LIBRARY. M10q00AVACA1AiY 1.p��PORT BEA(°}� GA 528Q0 .[[ p' 16-6611220 �7 \ d t i a0 - 2431 DPte NG i ,e::��li�l Ui7 1311 a � �rlca � .�a'siWuff BraricR s fr 2601 Eastp +. d$ ,,. y.t T g 4 C.vF ! Vii. Yi '--�- {Y �� � •.'n +0❑ i i4b�� tai F �'i�����,.il. 2:1.3 1,7....:40 ?.4 i�■ , City of Newport Beach NO, BA- 08BA -040 BUDGET AMENDMENT 2007 -08 AMOUNT: $zo,loo.00 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates Increase in Budgetary Fund Balance rq Increase Expenditure Appropriations AND Decrease in Budgetary Fund Balance Transfer Budget Appropriations X No effect on Budgetary Fund Balance SOURCE: from existing budget appropriations X from additional estimated revenues from unappropriated fund balance FXPI oNOTIOW This budget amendment is requested to provide for the following: To increase revenue and expenditure appropriations to accept a donation from the Friends of the Library to support the Summer Reading Programs and the "Books and Buses" program ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Amount Fund Account Description Debit Credit REVENUE ESTIMATES (3601) FundfDivision Account Description 4091 5892 Library - Friends of the Library $20,100.00 EXPENDITURE APPROPRIATIONS (3603) Description Division . Number 4091 Library - Friends of the Library Account Number 8012 Programming $20,100.00 Division Number Account Number Division Number Account Number Division Number Account Number Division Number Account Number Automatic System Entry. Signed: Financial Approval: Administrat Services Director Date Signed: R.> Administrative Appr al: City Manager D e Signed: City Council Approval: City Clerk Date