Vote: adopted

Item Text

L-3. APPLY AND ACCEPT TARGET GRANT FUNDS FOR SPONSOR 2009 SUMMER READING PROGRAM Approve the application and acceptance of grant funds from Target, (165874DO), in the not-to-exceed amount of $75,000 for the purpose of Sponsor 2009 Summer Reading Program. The grant award begins on July 1, 2008 and ends on June 30, 2009. Authorize the Chairman to sign all documents related to these grant funds, as applicable. The grant allows a 0% rate for indirect costs, or $0 which may be incurred by the Library District or Maricopa County for the administration of this grant. The Maricopa County Department of Finance has calculated the Library District's composite indirect cost rate at 6.1%%, or $4,575. The recoverable indirect cost of administering this grant is $0; the non-recoverable indirect cost is $4,575.Upon receipt of funds and pursuant to A.R.S. §42-17106(B), approve a revenue and expenditure appropriation adjustment to the Library District (650) Library District Grants (242) Non-Recurring (0001) budget in the amount of $75,000 for FY 2009. Grant revenues are not local revenues for the purpose of the constitutional expenditure limitation, and therefore, expenditure of the funds is not prohibited by the budget law. This budget adjustment does not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. The Library District's Summer Reading Program continues to increase every year. In 2008, 45,700 children and teens participated (an increase of 52.8% over the previous year). That is more children that the populations of 16 towns/cities in Maricopa County . Target has chosen the District's 2009 Summer Reading Program to be the recipient of a $75,000 sponsorship. (C-65-09-006-G-00)