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L-12. ACCEPT LSTA GRANT FUNDS FOR PURCHASE OF PHYSICAL COLLECTIONS Accept one-time LSTA Grant funds in the amount of $10,000 distributed through the Arizona State Library, Archives and Public Records. These funds are to be used to purchase physical collections; i.e., books, DVDs, books-on-tape or CDs. Because of federal requirements dictating when these funds must be used, they cannot be used to pay for print or electronic subscriptions. Orders must be placed and funds encumbered by September 30, 2010 and all bills must be paid and a final report written by October 31, 2010. The Department of Finance has calculated the Library District's composite administrative cost rate at 7.5%. The grant allows a 0% rate for administrative fees. Unrecoverable indirect cost is $750. Also, approve a revenue and expenditure appropriation adjustment to the Library District (650) Library District Grants (242) Non-Recurring (0001) budget in the amount of $10,000 for FY 2010-2011. (C-65-11-004-M-00)