HomeMy WebLinkAbout20081020 - VI-04. a - -
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MEMO
TO: Honorable Mayor and City Council Members
FROM: Charlene A. Stark, Finance Director
RE: Simmons Trust Transfer
DATE: September 30, 2008
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 third quarter the amount to be transferred is
$19,949.59. For accounting purposes the foi(owing transfers between the accounts
need to take piaee to fund thi transfer to .DCHS,
Transfer $4,264 from the C. Simmons Trust fund. and $13,696.59 fromthe C. Simmons
Residuary to the operationsfund.
(f you should have any questions, :please feel free to cantact me.
Recommended Counci! Action
Approve the transfers from the two C. Simmons Trust fund to fhe Leduc Mansion
operations fund.
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