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Item No. 5i <br /> Staff Report No. <br /> Meeting Date: March 23, 1998 <br /> • Type of Business: CA <br /> WK:Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;CB:CouncilBusiness <br /> City of Mounds View Staff Report <br /> To: Mayor McCarthy and Council Member <br /> From: Mary Saarian, Director of Parks, Recreation & Forestry <br /> Item Title/Subject: Request authorization to transfer 1997 Mounds View <br /> Community Theater revenues to Western Bank in the MCT checking account. <br /> Date of Report: March 16, 1998 <br /> Mounds View Community Theater was incorporated this past Fall, 1997 and is now a self-sustaining <br /> community organization. As a result of incorporation, Mounds View Community Theater will no <br /> longer be a program funded through the Recreation Activity Fund. Instead, MVCT will have their <br /> own checking account at Western Bank. MVCT Board of Directors has requested that the revenues <br /> from the 1997 production of"Guys and Dolls" be forwarded to the MVCT bank account at Western <br /> Bank so that MVCT has sufficient money for this year's production expenses which are incurred <br /> before performance revenues are received. The amount of revenues from 1997 to be transferred is <br /> $1,526. <br /> Recommendation: Staff requests Council's authorization to transfer$1,526 from Recreation Activity <br /> Fund which is revenues received from the MVCT 1997 performance of"Guys and Dolls"to the <br /> MVCT checking account at Western Bank. <br /> • <br /> • <br />