Title
Library Department recommending the Board:
1) Accept a donation of $41,750 from the M. Jean Anderson Trust to be used for operations and enhancements of the Pollock Pines Library;
2) Authorize the establishment of the "Pollock Pines Library Fund" Special Revenue Fund, Index/Org Code 4370709, Fund 1243039 to maintain the funds for future use.
FUNDING: Donation.
Body
DISCUSSION / BACKGROUND
M. Jean Anderson established a revocable living trust leaving a percentage of her estate to the Pollock Pines Library. Ms. Anderson passed away on June 27, 2018. Distribution of $41,750 from the trust was received by the Library on March 27, 2019.
The trust document named the Friends of the Library as the beneficiary, however the trustee distributed the funds directly to the Pollock Pines Library. The Friends of the Pollock Pines Library have agreed to the deposit of the funds into the County Special Revenue Fund.
Once this item is approved by the Board, the Auditor-Controller office will set up the Special Revenue Rund.
ALTERNATIVES
N/A
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
County Counsel, Auditor-Controller Office
CAO RECOMMENDATION / COMMENTS
It is recommended that the Board approve this item.
FINANCIAL IMPACT
The Special Revenue Fund will support library funding in the future.
CLERK OF THE BOARD FOLLOW UP ACTIONS
N/A
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Jeanne Amos