Agenda - Council - 04/28/2015 - Laserfiche WebLink

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(2) Outside donations from lawful gambling proceeds; and (3) Interest earnings on the Lawful Gambling Fund from the distribution of pooled interest earnings. (c) Expenditures shall consist of the following uses: (1) Expenditures exclusively for recreation, community and athletic facilities, as adopted in the annual Capital Improvement Program, intended primarily for persons under age 21, provided that such facilities and activities do not discriminate on the basis of a gender and that such revenue not be used for operating equipment, supplies, wages or any other non -capital expenditure; and (2) It is intended that the expenditures will occur at no greater than a 50% match to outside donations; and (3) Requests for fund expenditures, and donations toward fund expenditures, received during the prior calendar year will be ranked each year by the Park and Recreation Commission and authorized by the Council Finance Committee prior to May 31 of each year; and (4) Capital purchases of $1,000 toward which donations are received and to which no City expenditures are required may occur after review and approval by the Park and Recreation Commission. d. This fund is eligible for inter -fund loans. Funding Source: The source of the proposed funding is the City's Council Contingency Fund, which has a current balance of $26,000, and is meant to be used for unbudgeted expenditures. As an alternative, an allocation could be made from the Lawful Gambling Fund account which is projected to have a balance of $68,553 at the end of 2015, pending amendments to the ordinance to provide for this expenditure. Recommendation: It is recommended that the City Council approve an allocation of $1100 from the City's Council Contingency Fund to be used to purchase an AED for the Elmcrest park building. Action: Motion to approve an allocation of $1100 from the City's Council Contingency Fund to be used to purchase an Automatic External Defibrillator (AED) for the Elmcrest park building. heartsafe request Charitible Gambling Fund Attachments Form Review Inbox Reviewed By Date Kurt Ulrich (Originator) Kurt Ulrich 04/23/2015 11:34 AM Form Started By: Kurt Ulrich Started On: 04/23/2015 10:07 AM Final Approval Date: 04/23/2015