HomeMy WebLinkAbout20090504 - VI-14
MEMO
TO: Honorable Mayor and City Council Members
FROM: Charlene A. Stark, Finance Director
RE: Simmons Trust Transfer
DATE: April 16, 2009
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
st
city’s share of the programs. For the 1 Qtr the amount to be transferred is $16,248.59.
Transfer $2,554 from the C. Simmons Trust fund and $13,694.59 from the C. Simmons
Residuary to the operations fund.
If you should have any questions, please feel free to contact me.
Recommended Council Action
Approve the transfers from the two C. Simmons Trust funds to the Leduc Mansion
operations fund.