Agenda - Council - 02/28/1995 - Laserfiche WebLink

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I I I I I i I I I ,I I I I I I I I I 1995 SPRING EVENTS By: Jessie Hart, Finance Officer CASE Background: Each year the City of Ramsey sponsors the following spring events: Bec ~l~y Weiss Memorial Bike Road-co Ann~al Pet Clinic Spriflg Recycling Day Environmental Expo The following p~vides a brief overview of each of the event: B.~ky Wei~ M ~e~norial Bike Road-eo The City of Ran~. ey has played an important part in the sponsorship of the Becky Weiss Memorial Bike Road-eo by~iproviding the coordination and staffing for the annual event. The 1995 event will be the fifth year ~hat the event has been held and is scheduled for Saturday, May 6, 1995 at the City Municipal Cente~. This event is runifor the most part on donations from area businesses and individuals and profits from T-shirt sale~. The City contributes staff time by allowing the individuals hour-for-hour time off in the same p~y period that the event is held. Since 1990, wh6n the initial donation was received, the fund has accumulated an excess of $3,182.44, whicl~ can be utilized towards funding of the 1995 event [this carry forward balance does not yet incl~de interest earnings for 1994]. The following is a summary of the activity in 1994: Fund Balance 1/1/94 Donations- 1994 Expenditures - 1994 Fund Balance 12/31/94 $4,023.60 6,407.25 (7.248.41) $3,182.44 Expenditures consist of bicycle helmets, bicycles, clowns for entertainment, advertising, printing, refreshments and T-shirts for resale. It is anticipated that the nature of the expenditures will remain somewhat consis~tent for 1995 although we have projected the cost to increase slightly to accommodate in,easing participation in the event. The proposed budget for the 1995 event is as follows: ~Revenues: Existing Fund Balance Donations Needed rojXpenditures coted Excess for 1995 $3,182.44 4,282.56 ~.465.00~ $ -0- Base on past partipipation, donations and T-shirt sales, it is anticipated that the approximately $4,300.00 needed !n additional revenue should be easily attainable. In: the event that necessary additional revenue~ are not received, the event itself can be scaled back somewhat.