Agenda - Council - 06/24/1997 - Laserfiche WebLink

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In conjunction with the adoption of Resolution #93-05-098 the Park and Recreation Commission established the Lawful Gambling Funds Improvement Program which encourages the continued development and enhancement of City parks and trails through cost sharing and volunteering. Matching funds are programmed from lawful gambling proceeds. The program was utilized during 1993 and 1995 but drew no applications for 1994 and 1996, however, the Park and Recreation Commission has approved two projects under the 1997 program. We have already received notice of applications for the 1998 program. It should be noted that the proceeds in the Lawful Gambling Special Revenue Fund are also programmed to supplement the interest earnings from the Landfill Trust Fund to maintain stable revenues from 1998 through at least 2007. Any decreases in the level of funding from lawful gambling organizations would require a reallocation of funds for both the Lawful Gambling Funds Improvement Program and the park development monies available to supplement the interest earnings from the Landfill Trust Fund. Item O is the cash flow projection for the Lawful Gambling Special Revenue Fund as it was adopted in the 1997 - 2001 Capita/Improvement Program. However, while it has been updated to indicate the actual 1996 activity, the projections remain consistent with what was originally adopted on November 26, 1996. Contributions received in 1996 and I997, as of the writing of this case are as follows: Anoka Area Hockey Association Anoka Area Ice Arena Association CLIMB Theatre Ramsey Lions Club 1996 $10,500.00 $ 3,769.53 $ 4,828.78 $ 2,925.12 YTD 1997 $2,000.00 [Jan - April] $1,707.33 [Jan - April] $1,617.66 [Jan - April] $3,625.41 [Bal 96-Jan-April] The Fund also receives, as a donation from a Park Commissioner, the $25.00 month stipend which through the writing of this case totaled $125.00. A concern of the Council committee in 1994 was that each current and future lawful gambling organization receive the same treatment. As such, it would seem that any sot~ening of Council policy for one organization should result in like consideration for all others. Elimination of this revenue source would cause elimination of the matching grant program and a reduction in funds available for future park development [or a draw on the General Fund in like amounts]. Committee Action: Based on discussion. Reviewed by: City Administrator Finance Officer Parks/Utilities Supervisor FC: 06/24/97 I I I I I I I I I I I I I I I I I I I