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FINANCIAL IMPACT <br />The requested expense was not approved in the 2012 budget. If approved, a reallocation from an <br />approved line item is required. <br />Staff recommends discussing this annual request during budget discussions. If the EDA desires to <br />donate annually, the budget should reflect the annual donation. <br />ATTACHMENTS <br />^ Request letter from Elk River Area Arts Alliance dated 4-13-12 <br />^ ArtSoup 2012 Summary <br />^ ArtSoup 2012 Budget <br />^ EDA Minutes dated 6-13-11 <br />^ Email from David Raymond dated May 9, 2012 <br />Action Motion by Second by Vote <br />FOIIOW Up <br />N:\Departments\Community Development\Economic Development\EDA to move\Agenda\Year 2012\5-14-12 EDA Agenda\5-14-12 ArtSoup <br />donation final.doc <br />