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Staff Report PREPARED BY: RYAN BAKER Library Director Reviewed by: Town Manager, Assistant Town Manager, Town Attorney, and Finance Director 110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 08/21/2018 ITEM NO: 8 DATE: AUGUST 21, 2018 TO: MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: AUTHORIZE A BUDGET ADJUSTMENT IN THE AMOUNT OF $5,000 TO RECOGNIZE RECEIPT AND USE OF CALIFORNIA STATE LIBRARY GRANT FUNDS RECOMMENDATION: Authorize a budget adjustment in the amount of $5,000 to recognize receipt and use of California State Library grant funds. BACKGROUND: The Library has been successful in obtaining a $5,000 grant administered by the California State Library for the purchase of bilingual children’s books and materials. This grant is awarded on a reimbursement basis after providing receipts showing expenditures to the California State Library. Utilizing these grant funds, the Library will be purchasing bilingual picture books in foreign languages most requested by Library patrons. The funds provided through the grant will allow for the purchase of approximately 200 to 250 books. FISCAL IMPACT: Expenditures in the amount of $5,000 from account 7801-61172, Library Operating Grants; Youth Collections, and will be reimbursed by grant funding deposited to account 7801 -43343, Library Operating Grants; Grant Revenue. ENVIRONMENTAL ASSESSMENT: This is not a project defined under CEQA, and no further action is required.