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2002 Approved Budget
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2002 Approved Budget
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6/19/2012 1:16:02 PM
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6/19/2012 1:10:56 PM
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City of Roseville, Minnesota <br />DEPARTMENTAL DESCRIPTION <br />2002 Budget <br />SPECIAL 10 <br />Fund: Special 10 <br />Account Number: 271 - 067.000 <br />Organizational Accountability: Finance Director <br />Special 10 assures a community -wide benefit and a fair <br />distribution of a portion of the gambling proceeds earned in <br />Roseville through lawful gambling. The state statute permits up <br />to 10% of net gambling profits may be required by the local <br />communities to be contributed to a fund. The City of Roseville <br />has implemented the full 10% requirement and has chosen to <br />designate the North Suburban Community Foundation as the <br />fund manager. The Foundation in turn has delegated the <br />responsibility to allocate the funds to the Roseville Donor <br />Advisory Board. Funds may be allocated only to Roseville <br />based non - profit organizations. <br />CITY RESOURCE INPUTS <br />EXPECTED CITY OUTCOMES <br />Strategic Outcomes: <br />Future funding for community <br />groups through an endowment, <br />where 50% of all lawful <br />contributions will be set aside <br />MA <br />IV46 <br />2002 STxATEGIC WORK <br />PLAN <br />Continue to work closely with the <br />Roseville Donor Fund which <br />recommends the distribution of the <br />Fund <br />Work with the State to maintain <br />legal and honest lawful gambling in <br />Roseville and Minnesota <br />Continue the sound financial <br />reporting from the permitted <br />gambling groups <br />2000 ACHIEVEMENTS <br />Ai Distributed $53,069 to Roseville <br />area organizations through the <br />North Suburban Community <br />Foundation <br />it Achieved a total future endowment <br />fund of $326,193 in 2000 <br />Citizen Benefit /Impact: <br />•:� Community groups not involved with <br />lawful gambling may benefit <br />Citizen input in the distribution of the <br />10% lawful gambling contribution <br />
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