Report Prepared by: Michelle Reid, Recreation Supervisor, Parks and Recreation
Title
SUBJECT: Recommendation to the Merced City Council to Change the Disbursement Time Frame of the Wahneta Hall Trust Fund from June to September Allowing Staff Time to True the Amount to be Awarded by June 30th.
REPORT IN BRIEF
The Commission will provide a recommendation to the Merced City Council to change the disbursement time frame of the Wahneta Hall Trust Funds from June, the end of the fiscal year, to September allowing staff time to determine the exact amount available to award by June 30th.
RECOMMENDATION
Recreation and Parks Commission - Adopt a motion:
A. Recommending Approval to the Merced City Council of change of disbursement time from of the Wahneta Hall Trust Funds from June to September to the Merced City Council.
Body
ALTERNATIVES
1. Approve, as recommended by staff; or,
2. Approve, subject to other than recommended by staff (identify specific finding and/or conditions amended to be addressed in the motion); or,
3. Deny; or,
4. Refer to staff for reconsideration of specific items (specific items to be addressed in the motion.
AUTHORITY
Charter of the City of Merced, Section 200.
CITY COUNCIL PRIORITIES
As provided for in the 2020-21 Adopted Budget.
DISCUSSION
In 1995, the City Council adopted a motion accepting the trust conditions of the Wahneta Hall 1991 Trust by establishing an endowment fund. Provisions of trust require that the City of Merced use a specific portion for the endowment fund with interest income being designated to establish and maintain a mini-train system and/or band concert program in Applegate Park.
Traditionally, the Parks and Recreation Department sends letters of invitation in late February or early March to recipients from previous years and other possible interested parties to apply for Wahneta Hall Trust funds. These have included: the Merced County Arts Council, the Kiwanis Club of Greater Merced, the Mer...
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