Loading...
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 S:\COUNCIL REPORTS\2019\06-18-19\Library grant\Staff Report Final.docx TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 06/18/2019 ITEM NO: 10 DATE: JUNE 18, 2019 TO: MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: AUTHORIZE REVENUE AND EXPENDITURE BUDGET ADJUSTMENTS IN THE AMOUNT OF $6,000 TO RECOGNIZE RECEIPT AND EXPENDITURE OF NORTHNET LIBRARY SYSTEM GRANT FUNDS RECOMMENDATION: Authorize revenue and expenditure budget adjustments in the amount of $6,000 to recognize receipt and expenditure of NorthNet Library System grant funds. BACKGROUND: The Library has been successful in obtaining a $6,000 grant administered by the NorthNet Library System to continue the Library’s Zipbooks pilot program. The funds from this grant will be used to purchase book and audiobook titles selected by the public for the Library’s collection. FISCAL IMPACT: Expenditures in the amount of $6,000 will be offset by grant revenue of an equal amount. The grant will be recorded to the FY2018-19 fiscal year, and any balance unspent as of June30, 2019 will be expended during FY 2019/20 as the grant will overlap fiscal years. ENVIRONMENTAL ASSESSMENT: This is not a project defined under CEQA, and no further action is required.