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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: 11/06/2018 ITEM NO: 9 DATE: OCTOBER 30, 2018 TO: MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: AUTHORIZE BUDGET ADJUSTMENTS IN THE AMOUNT OF $11,650 TO RECOGNIZE RECEIPT AND EXPENDITURE OF PACIFIC LIBRARY PARTNERSHIP GRANT FUNDS RECOMMENDATION: Authorize budget adjustments in the amount of $11,650 to recognize receipt and expenditure of Pacific Library Partnership grant funds. BACKGROUND: The Library has been successful in obtaining a $11,650 grant administered by the Pacific Library Partnership for audio/video format transfer equipment. This grant is awarded on a reimbursement basis after providing receipts showing expenditures to the Pacific Library Partnership. The funds from this grant will be used to purchase equipment that will allow the public to transfer analog audio, video, and photographs into digital files. FISCAL IMPACT: Expenditures in the amount of $11,650 will be reimbursed by the grant revenue. ENVIRONMENTAL ASSESSMENT: This is not a project defined under CEQA, and no further action is required.