Hello David,
Please do not worry at all. Your kombucha culture is almost certainly completely healthy and active, and there is no need to salvage anything.
To help explain what is happening: the rubbery disc often referred to as the SCOBY is technically a pellicle, which is primarily a mat of cellulose fiber produced by the bacteria. While it does house some microbes, the vast majority of the living culture (the actual bacteria and yeast) resides suspended throughout the liquid tea itself.
It is completely normal for a pellicle to sink to the bottom of the vessel, float vertically, or hover midway. This typically happens simply due to density changes, temperature, or because not enough carbon dioxide gas has built up beneath it yet to push it to the surface. As fermentation continues, trapped bubbles may lift it back up, or your brew will simply begin growing a brand new, translucent pellicle across the surface.
You do not need to fish it out or move it. Simply keep your vessel covered with a breathable cloth in a warm spot (ideally around 75 to 80 degrees Fahrenheit) and let nature do its work. As long as you do not see dry, fuzzy patches of mold developing on the surface, your kombucha is progressing just as it should.