HomeMy WebLinkAbout20090217 - VI-09
MEMO
TO: Honorable Mayor and City Council members
FROM: Charlene A. Stark, Finance Director
RE: Transfer
DATE: February 2nd, 2009
Back Ground
Per the agreement between Dakota County Historical Society (DCHS) and
the City 50% of the revenues from the three funds which consist of the
Leduc Mansion’s operations, Simmons Trust and the Simmons Residuary
Trust are to be transferred to DCHS for the city’s share of the programs. For
the fourth quarter the amount to be transferred is $1,841 from the Simmons
Trust, $13,589.59 from the Simmons Residuary Trust for a total of
$15,430.59. Half of this amount will remain in the city’s operations fund for
the Leduc Mansion and half will be paid to DCHS for programming.
If you should have any questions, please feel free to contact me.
Council Action Requested:
Approve the above transfers of $15,430.59.