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• <br />• <br />• <br />WS -8 <br />WORK SESSION MEMORANDUM <br />To: City Council <br />From: Al Rolek <br />Date: August 6, 2007 <br />Re: Distribution/Designation of Remaining Funds — <br />Memorial Hospital District <br />cc: <br />In December, 2006, the City received a distribution of funds from the Memorial Hospital <br />District in the amount of $17,383.12. The District has dissolved and has distributed their <br />remaining funds, partially the result of residual tax levies, on a pro -rata basis to the cities <br />involved in the District. The City Council has expressed an interest to review this <br />distribution and determine how the funds should be utilized. This distribution was <br />receipted in 2006 and is included in our budget surplus and fund balance at the end of <br />2006. <br />The check the city received from the District was accompanied by a letter from the Board <br />Chair of the District and a resolution strongly encouraging the use of the distributed funds <br />for healthcare purposes. A copy of the check, letter and resolution are attached. <br />Page 1 <br />