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<br /> ,. c c~, ~"J-3 <br /> . <br /> CITY OF ARDEN HILLS <br /> MEMJRANDlJM <br /> DATE: February 02, 1994 <br /> TO: Dorothy Person, City Administrator <br /> FRGI: 4!) Terrance Post, City Ac=tant <br /> SUBJEX::r : 1993 Charitable Gamblina Year-end Recort <br /> Tcday, the last of fourth quarter 1993 rep:>rting/contributions frcm the <br /> City's licensed charitable garrbling 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 budget for this revenue line item. The <br /> . negative variances are $13,952 (-17.9%) against budget and $13,296 <br /> (-17.2%) against 1992 actual, <br /> The 1993 contribution revenue was negatively irrpacted by restrictions on <br /> the number of gambling =casions at the Pot-O-Gold Bingo Hall imposed by <br /> the State of Minnesota earlier in the year as part of the change in <br /> ownership at the business. However, it is stronger than was forecast <br /> earlier in the year ($55,300). <br /> . The enclosed "Leg of 1993 Cash Receipt Activity" schedule provides a <br /> ITDre detailed revenue breakdown by organization, As the footnote on the <br /> schedule suggests, we are =ently contesting the calculation of the <br /> r::eceml::er, 1993 net profit contribution by the St.Paul Turners <br /> organization. <br /> 'IRP/sjl <br /> . A: Char-Gam,M-O <br />