HomeMy WebLinkAbout13 - Budget Amendment to Accept a Check from the Friends of the Newport Library and Appropriate Funds to Capital Improvement Project Account for FY 2007/2008CITY OF NEWPORT BEACH
CITY COUNCIL STAFF REPORT
Agenda Item No. 13
December 11, 2007
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: LINDA KATSOULEAS
LIBRARY SERVICES DIRECTOR, 949 - 717 -3810
lkatsouleas@city.newport-beach.ca.us
SUBJECT: BUDGET AMENDMENT TO ACCEPT A CHECK FROM THE FRIENDS
OF THE NEWPORT BEACH LIBRARY AND APPROPRIATE FUNDS TO
CAPITAL IMPROVEMENT PROJECT ACCOUNT FOR FY 2007/08.
RECOMMENDATION:
Approve a Budget Amendment to increase revenue estimates by $7,500 in Account No.
4091 -5892 (Friends of the Library Donations), and increase expenditure estimates by
the same amount in CIP account 7011- C1002008.
DISCUSSION:
A gift from the Friends of the Newport Beach Public Library in the amount of $7,500 was
approved by the Library Board of Trustees on October 2, 2007 and will be presented to
City Council. The funds will be used to purchase the conceptual designs for a much
needed renovation of the Central Library Circulation area and the Friend's Bookstore. If
the design is approved by all involved, the Friends will fund the project which will be
overseen by Public Works and managed by Land Works.
1 7011- C1002008 (Bookstore /Check Out Area Renovation) $7,500
Design and Presentation Drawings of the Renovation of the
Friends Bookstore and Circulation at the Central Library. $ 7,500
Total Amount $ 7,500
Submitted by:
6
L+ da KatsS� ads, Library Services Director
Attachment: copy of check for $7,500 from Friends of the Newport Beach Library
City of Newport Beach NO. BA- 08BA -028
BUDGET AMENDMENT
2007 -08 AMOUNT: $7,500.00
EFFECT ON BUDGETARY FUND BALANCE:
X Increase Revenue Estimates Increase in Budgetary Fund Balance
Increase Expenditure Appropriations AND Decrease in Budgetary Fund Balance
Transfer Budget Appropriations PX No effect on Budgetary Fund Balance
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:
To increase revenue estimates and expenditure appropriations due to a donation from the Friends of the Newport Beach
Public Library to purchase the conceptual designs for renovation of the Friend's Bookstore and the Central Library
Circulation area.
ACCOUNTING ENTRY:
BUDGETARY FUND BALANCE
Fund Account
REVENUE ESTIMATES (3601)
Fund/Division Account
4091 5892
EXPENDITURE APPROPRIATIONS (3603)
Description
Description
Library - Friends of the NB Public Library
Signed:
Signed:
Signed:
Financial
City Council Approval: City Clerk
Services Director
Amount
Debit Credit
$7,500.00
Automatic System Entry.
$7,500.00
Date
Dat
Date
Description
Division
Number
7011 General Fund - Facilities
Account
Number
C1002008 Bookstore/Central Lib Circulation Renovation
Division
Number
Account
Number
Division
Number
Account
Number
Division
Number
Account
Number
Division.
Number
Account
Number
Signed:
Signed:
Signed:
Financial
City Council Approval: City Clerk
Services Director
Amount
Debit Credit
$7,500.00
Automatic System Entry.
$7,500.00
Date
Dat
Date