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<br />r I ~\.) <br />( ); <br /> <br />IIi{ <br /> <br />ITEM 4.1 & 4.2 <br /> <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />MAYOR AND CITY COUNCIL <br /> <br />FROM: <br /> <br />PAT KLAERS, CITY ADM~TRAJOR <br />"\' "\ i\:- /" <br />JULY 20,1994\7 <br /> <br />AGENDA ITEMS 4.1 & 4.2 <br />ARTS COUNCIL FUNDING <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />The Arts Council has submitted financial documentation on 1993-94 expenditures and <br />revenues. In order for the City to release its $5,000 contnlmtion to the Arts Council, it is <br />a requirement that the Arts Council raise at least an identical amount in local funds to <br />support its efforts. Fioance Director Lori Johnson has attached a memo which iodicates <br />that all the financial information is in order and staff recommends the release of $5,000 to <br />the Arts Council from the 1994 City budget. <br /> <br />. <br /> <br />Along with the release of 1994 funds, representatives of the Arts Council will be <br />requestiog 1995 funding from the City. I understand that the Arts Council may be <br />requesting an increase in the City's contnlmtion. 1 have indicated to the Arts Council <br />representatives that similar funding as to what was received io 1994 was likely, under the <br />same condition of a local match, but that an iocrease was questionable and that no final <br />decision would be made until either September or maybe even December when final action <br />on the City budget is taken. The Council certainly can provide the Arts Council with an <br />iodication of the minimum contnlmtion from the City in 1995 and withhold judgment on <br />any additional funding until later io the budget process. <br /> <br />artscoun/ cc <br /> <br />. <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />