R2022-89 Resolution Incorporating Amendment of Decatur Public Library for Fiscal Year 2022

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LETTER to the DECATUR CITY COUNCIL Finance Department DATE: June 16, 2022 TO: Honorable Mayor Moore Wolfe and City Council Members FROM: Scot Wrighton, City Manager Gregg Zientara, City Treasurer&Director of Finance SUBJECT: Resolution Incorporating Amendment of Decatur Public Library Budget SUMMARY RECOMMENDATION: The City Manager recommends City Council approval of the attached Resolution incorporating an amendment to the Decatur Public Library budget fiscal period beginning January 1, 2022 and ending December 31, 2022 as requested and authorized by the Board of Trustees of the Decatur Public Library. BACKGROUND: The Library Board of Trustees approved the library request to replace book shelving in the library facility at the Library Board Meeting of May 19,2022. The Library Capital Fund budget was approved by the Decatur Public Library Board and incorporated in Council Ordinance 2021-51 adopted by Council on December 6, 2021 and included budget authority to expend $250,000 in Library Capital Fund (#58). It is now anticipated that the cost to replace the book shelving will cost in excess of $400,000. Therefore, it is necessary to amend the budget to provide the approval authority sufficient to defray the cost of the shelving and the Library Board of Directors has approved the budget amendment. The budget amendment will add $250,000 to the council adopted budget in Library Capital Fund (#58) thereby increasing the budget authority to $500,000. The additional budget monies requested are available in the cash reserve position of the library capital fund.