Title
Library Department and Facilities, a division of the Chief Administrative Office, recommending the Board:
1) Accept a donation of $22,136 from the El Dorado Hills Friends of the Library and Serrano Men's Book Club;
2) Approve the attached revised Fiscal Year 2024-25 Accumulative Capital Outlay (ACO) Work Plan, adding the $30,000 replacement of the El Dorado Hills Library monument sign project to the Work Plan; and
3) Approve and authorize the Chair to sign the attached budget transfer increasing donations by $22,136 and transferring the funds from the Library Department to the ACO fund to increase Fixed Asset appropriations. (4/5 vote required)
FUNDING: 74% El Dorado Hills Friends of the Library and Serrano Men's Book Club, 26% ACO Fund.
Body
DISCUSSION / BACKGROUND
The El Dorado Hills Library monument sign shows signs of wear and is nearly twenty years old. Per the County's easement agreement with the El Dorado Development Company, the County is required to maintain the sign in "first class condition". Unfortunately, the sign cannot be repaired and therefore, replacing the sign is the only alternative. The total cost of the sign replacement is estimated at $30,000. The El Dorado Hills Friends of the Library and Serrano Men's Book Club have agreed to donate $22,136 towards the replacement sign. The remaining funds will come out of the ACO Fund.
ALTERNATIVES
The Board could choose not to approve the donation or add the replacement of the El Dorado Hills Library monument sign to the ACO work plan. The County would not be in compliance with the easement agreement.
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
Facilities Division
CAO RECOMMENDATION / COMMENTS
Approve as recommended.
FINANCIAL IMPACT
This budget transfer allows for the use of donated funds in the amount of $22,136 and the use of ACO fund savings of $7,864 for this project. The Budget Transfer will recognize the donations and project in the Fiscal Yeah 2024-25 Bu...
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