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G'y V <br />• i (l? term(/ Ott 0,11e7 ,w'/ .1 it f;. . —"we:. <br />To: Mayor Fahey and Members of the City Council <br />From: Sue Nelson, Canadian Days President <br />Date: October 11, 2000 <br />RE: 10% Fund Budget <br />Our committee is requesting help with funding of the fireworks display for the 2001 <br />Canadian Days festival from the 10% fund. In the past several years, we have hired <br />Melrose Pyrotechnics to provide a $5,000 fireworks display for which the City <br />contributed $4,000 and Canadian Days funded the remaining $1,000. <br />At the end of August, Canadian Days had a net profit carryover after state taxes of <br />$19,450.45. However, after paying our lawful purpose expenditures (festival - related <br />expenses) of $22,535.40, we have a profit carryover of only $10,737.66 in our gambling <br />fund. Please refer to the attached spreadsheet. <br />Next year is the 25`h Anniversary of Canadian Days and we hope to put on a festival that <br />will commemorate this special occasion as well as to continue celebrating the friendships <br />that have been established with our Sister City, Thunder Bay, Ontario. We would <br />sincerely appreciate the City's continued support of the fireworks display through use of <br />the 10% fund. <br />Page 2 <br />