ITEM TITLE:
#16-43 - Amending the 2016 Budget by Accepting Book Basket Auction Proceeds in the Amount of $5,561 to the Valdez Consortium Library and Authorizing its Expenditure.
SUBMITTED BY: Mollie Good, Head Librarian
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Approve Resolution No. 16-43 amending the 2016 budget by accepting Book Basket Auction proceeds in the amount of $5,561 to the Valdez Consortium Library and authorizing its expenditure.
SUMMARY STATEMENT:
The 17th Annual Book Basket Auction was held on November 5, 2016 at the Valdez Consortium Library. The Valdez Consortium Library Board sponsored event raised $11,561. This was $5,561 more than the estimated amount of $6,000 in the 2016 Budget.
Requesting the 2016 Budget be amended to accept the additional $5,561 in revenue (001-0000-34766) and increase the appropriation in Operating Supplies (001-6100-46120) by the same amount. The proceeds will be used for the purchase of new library materials.