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<br /> . I . " 1-3 <br /> c c t ~"v <br /> . <br /> CITY OF ARDEN HILLS <br /> MEM:JRANOOM <br /> DATE: February 02, 1994 <br /> TO: Dorothy Person, City Administrator <br /> F1<G1: 4V Terrance Post, City Accountant <br /> SUBJECT : 1993 Charitable Gani:>lincr Year-end RSOOJ:t <br /> Tcday, the last of fourth quarter 1993 reporting/=tributions from the <br /> City's licensed charitable gambling organizations were received. <br /> $64,048.35 was recorded as 1993 ten percent net profit contribution <br /> revenue. This compares with $77,343.80 received in 1992. $78,000 was <br /> budgeted in the 1993 adopted b.1dget for this revenue line item, 'Ihe <br /> . negative variances are $13,952 (-17.9%) against budget and $13,296 <br /> (-17.2%) against 1992 actual. <br /> 'Ihe 1993 =tribution revenue was negatively irrpacted by restrictions on <br /> the number of gambling occasions at the Pot-O-Gold Bingo Hall irrposed by <br /> the State of Minnesota earlier in the year as part of the change in <br /> ownership at the business. However, it is stIonger than was forecast <br /> earlier in the year ($55,300). <br /> . The enclosed "Leg of 1993 Cash Receipt Activity" schedule provides a <br /> rrore detailed revenue breakdown by organization. As the footnote on the <br /> schedule suggests, we are cu=ently contesting the calculation of the <br /> Decemter, 1993 net profit contribution by the St. Paul 'I\llners <br /> organization, <br /> TRP/sjl <br /> . A, Char-G3rn, MIJJ <br />