DATE: August 6, 2019
TO: Board of Supervisors
SUBMITTED BY: Raman Bath, Interim County Librarian
SUBJECT: Resolution to Accept a Monetary Donation from the Thompson Family Trust
RECOMMENDED ACTION(S):
TITLE
Adopt Resolution accepting and expressing gratitude for a monetary donation of $85,000 from the Thompson Family Trust to the Fresno County Public Library, for both the new Clovis and Reedley Library capital construction projects.
REPORT
There is no Net County Cost associated with the recommended action. The recommended action is required to satisfy the reporting and approval requirements under Board of Supervisors Administrative Policy Number 30, for donations greater than $7,500 in value. Approval of the recommended action will allow the Fresno County Public Library to accept the donation from the Thompson Family Trust, in the amount of $85,000, to equally support both the new Clovis, and future Reedley Library capital construction projects. The impact of the donation will be in Districts Five and Four.
ALTERNATIVE ACTION(S):
Your Board may choose to not accept the donation, in which case the funds will not be available to support the development of both the new Clovis and the future Reedley Library capital construction projects.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended actions. The Thompson Family Trust donation, in the amount of $85,000, is intended to equally support both the new Clovis and future Reedley Library capital construction projects. The donation of $85,000 will increase the Fund Balance under restricted donations in County Library Book Fund Org 7521. Specifically, half ($42,500) of the donation is to be deposited into Org 75215350 Clovis Capital General, and half ($42,500) is to be deposited into Org 75215360 Reedley Capital General. The Library will return to the Board at a later date to request sufficient appropriations to support the Clovis and Reedley Library capital construction projects.
DIS...
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