LEGISLATIVE ACTION ITEM
SPONSOR: D.C. Reeves, Mayor
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2023-002 - PROCEEDS FROM AMENDED INTERLOCAL AGREEMENT WITH ESCAMBIA COUNTY FOR LIBRARY SERVICES
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2023-002:
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023; PROVIDING FOR AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
In June 2022, the City Council approved an amendment to the interlocal agreement with Escambia County relating to the West Florida Public Library System. In addition to extending the agreement for ten years, the City now receives 10% of the library MSTU levied within the City limits, effective January 1, 2023. This revenue is restricted for use only on capital improvements and major upgrades to the library facilities in the City.
PRIOR ACTION:
June 16, 2022 - City Council approves the Amendment to the Interlocal Agreement between Escambia County and the City of Pensacola relating to the West Florida Public Library System.
FUNDING:
Budget: $ 189,167 General Fund - Miscellaneous Revenue
Actual: $ 189,167 Library Interlocal Agreement Proceeds
FINANCIAL IMPACT:
Adoption of the Supplemental Budget Resolution will appropriate the revenue for use.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
12/20/2022
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2023-002
2) Supplemental Budget Explanation No. 2023-002
PRESENTATION: No end