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ek? A_( <br /> c <br /> • Item #: 10. <br /> City of MEMORANDUM <br /> Elk ,, River <br /> TO: Park and Recreation Commission <br /> FROM: Michele McPherson;Director of Planning <br /> DATE: March 5, 2001 <br /> SUBJECT: Informational/Update Items for March 14, <br /> 2001 Meeting <br /> B. Park/Trail Developments <br /> 1. January Park Dedication Fund Balance Sheet <br /> The ending balance for the Park Dedication Fund was $746,531.66. There were no <br /> revenues in February. <br /> 2. Community Recreation Update <br /> The primary discussion at the February City Council meeting centered on a $30,000 to <br /> $35,000 shortfall in the Community Recreation funds transferred from the School <br /> District. Due to the School District being the fiscal agent for a number of agencies, it is <br /> believed that there was a co-mingling of funds and improper coding. This may be only a <br /> paper loss, more investigation is occurring. <br /> 3. River City Snow Riders Newsletter <br /> 4. Letter from Leo Offerman re:EMF <br /> 5. Center for Community Committee Meeting Minutes of February 8, 2001 <br /> S <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • TDD & Phone (763) 441-7420 • Fax(763) 441-7425 <br />