Laserfiche WebLink
G Membership: <br /> 1. Residents of the four cities who have reached age 55, have completed <br /> a membership application, and have paid annual membership dues <br /> determined by the senior management board. . <br /> 2. Privileges of membership include the right to participate in election of <br /> committee members, the right to participate in election of.a senior <br /> representative to the governing board, and such other privileges and <br /> responsibilities as may be determined by the senior management board. <br /> H. Responsibilities of Four Cities: <br /> • <br /> 1. Funding: <br /> a. Funding for the operation of the regional senior center will be <br /> derived from a combination of governmental and private sector <br /> grants, proceeds from a senior center endowment fund, <br /> membership dues, rental income, interest income, and other <br /> income sources. <br /> b. By July 1 of each year, the governing board shall provide <br /> estimates of revenue that is needed to fund the next year's <br /> operating budget (including any debt service) for the regional <br /> senior center. <br /> c. Revenue needs shall be met by the four cities in proportion to <br /> their total population and their senior population (population <br /> over age 55). The following formula will be used in calculating <br /> each city's financial contribution to the operation of the regional <br /> • senior center: <br /> i. Percent of total population in the four cities plus the <br /> percent of population over 55 in the four cities divided <br /> by <br /> d. The most recent United States census of population shall be <br /> used in calculating the above formula through the fifth year of <br /> any decade. Beyond that, population estimates provided by the <br /> Metropolitan Council shall be used for this purpose. <br /> 3 <br />