To: Board of Supervisors
From: Cultural Services Agency
Meeting Date: November 17, 2020
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Department Contact: |
Nicole Bird |
Phone: |
459-7839 |
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Department Contact: |
Barb Chapman |
Phone: |
367-8216 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Authorization for the Mendocino County Library to Accept a Grant Award from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation in the Amount of $5,000 for the Purpose of Enhancing the Library’s Personal Finance Collection
End
Recommended Action/Motion:
recommendation
Authorize the Mendocino County Library to accept a grant award from the FINRA Investor Education Foundation in the amount of $5,000 for the purpose of enhancing the Library’s personal finance collection.
End
Previous Board/Board Committee Actions:
The Board of Supervisors approved grant awards for the Cultural Services Agency on February 5th, 2019: agenda item 4h; January 7th, 2020: agenda items 4k & 4j; and January 21st, 2020: agenda item 4k.
Summary of Request:
The FINRA Investor Education Foundation has offered a grant of up to $5000 to the Mendocino County Library for the purpose of improving and enhancing the Library's personal finance collections. This grant is being offered by the FINRA Foundation in recognition that many Mendocino County Library patrons are confronting important financial decisions resulting from the recent disaster event (Oak Fire) affecting the community. Patrons will turn to the Library for reliable sources of information to help guide such financial decisions.
The grant helps to ensure that the Library's personal finance collections are adequate to meeting this critical need. With this grant, the Library will enhance its personal finance information resources by purchasing relevant materials including books, eBooks, serials, and subscriptions for use by patrons and Library staff. To help build its personal finance collections, the Library will make use of the personal finance libguide <http://libguides.ala.org/finra-ore/personalfinance/home> prepared by the American Library Association and the FINRA Foundation.
Alternative Action/Motion:
Do not authorize acceptance of grant and provide alternative direction to staff.
Supervisorial District: All
vote requirement: Majority
Supplemental Information Available Online At: <https://www.finrafoundation.org/>
Fiscal Details:
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source of funding: Grant |
budgeted in current f/y: No |
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current f/y cost: $5,000 |
if no, please describe: Unexpected grant |
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annual recurring cost: N/A |
revenue agreement: N/A |
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budget clarification: Grant pays for finance collection items |
Agreement/Resolution/Ordinance Approved by County Counsel: N/A
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CEO Liaison: Sarah Dukett, Deputy CEO |
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CEO Review: Yes |
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CEO Comments:
FOR COB USE ONLY
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Executed By: Lindsey Daugherty, Senior Deputy Clerk |
Final Status:Approved |
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Date: November 19, 2020 |
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