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MAYOR <br />Raymond G. Hanson <br />cV+ O 2 I4 `Ve,/i-e CG <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Hanson & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: July 9, 1993 <br />RE: Transfer of Personnel Cost Reimbursements from 3% <br />Gambling Fund to General Capital Improvement Fund <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />In completing our first full year of administration in <br />association with the regulation of charitable gambling, <br />$4,172.22 was expensed to this program for personnel <br />costs. In order that the General Fund not become dependent <br />on this source of revenue on an on -going basis, it would be <br />my recommendation that proceeds from the 3% Gambling Fund <br />equaling that amount be transferred to the General Capital <br />Improvement Fund. I would recommend that this be done on a <br />continuing basis for each year this program is in effect. <br />My rationale for this transfer relates to the fact that our <br />personnel costs will not decline dramatically should we no <br />longer be involved in administration of charitable <br />gambling. Therefore, the General Fund should not become <br />dependent upon this source of revenue. Furthermore, by <br />utilizing that money in the General Capital Improvement <br />Fund, we are providing an additional source of funding to <br />address needed capital expenditures. This will help to <br />alleviate taxpayer burden in this regard. <br />Should you have any comments or questions regarding this <br />recommendation, please feel free to discuss this with me <br />prior to Wednesday's meeting. <br />JRH:kpv <br />Page 42 <br />