HomeMy WebLinkAbout20110103 - VI-07
City Council Memorandum
To: Mayor Hicks & City Councilmembers
From: Charlene Stark, Finance Director
Date: 12/27/2010
rd
Item: Leduc 3 qtr transfer
Council Action Requested:
Approve the transfers from the C. Simmons Trust funds to the Leduc Operating Fund.
Background Information:
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 3rd Qtr the amount to be transferred is $12,189.06 from the C. Simmons Trust
fund, $1,082 from the Residuary Trust.
If you should have any questions, please feel free to contact me.
Financial Impact:
In line with the 2010 budget
Advisory Commission Discussion:
NA
Council Committee Discussion:
NA
Attachments:
NA