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Miller, Chris <br />From: <br />Sent: <br />To: <br />cc: <br />Subject: <br />Beets, Neal <br />Friday, April 12, 2002 4:02 PM <br />'ESANDS2612@aol.com' <br />'Mayor John Kysylyczyn'; Kough, Tom; <br />Miller, Chris; Schwartz, Duane <br />RE: MSA (state aid) funds; Forecasting <br />Maschka, Dean; Klausing, Craig; Schroeder, Greg; <br />debt retirement and borrowing. <br />Al, thanks for the message. Here is the information that is readily available. <br />. The City received $1,755,852.24 in MSA funds in 2001. <br />. The balance of MSA funds in the City's account as of December 3 1,200 1, was zero: that is, all funds <br />received were expended for approved projects. <br />. The balance of MSA funds as of December 3 l, 2001 that are being held by the State for the City's use <br />for permissible projects is $169,394.05. <br />With regard to other portions of your message, as well as your previous questions about MSA-related matters, as <br />you know we are trying to respond to information requests made by the City Council at its April 8�' meeting. <br />We are preparing information that will describe the purpose of the MSA program, identify the permitted uses of <br />MSA funds, provide a review of the City's historical and current practices in the use of MSA funds, and show <br />the projected financial impact of changing current practices. We are planning on presenting this information at <br />the May b, 2002 Council Meeting, and believe that much of that information seems to be the type of information <br />you are interested in too. Hence, I will e-mail that Council report to you at the same time it is sent to Council <br />Members. That should be Thursday, May 2. Certainly you should also feel free to make your questions or <br />concerns known at the Council Meeting, as others may also find your comments and concerns beneficial. <br />Finally, your e-mail suggests that an understanding of the City's overall financial situation is an important <br />consideration in this policy discussion. I completely agree. I hope the Council makes a fully informed decision <br />on these assessment questions. <br />If you have any questions or concerns, Al, please feel free to call me or Chris Miller or Duane Schwartz. <br />Neal <br />-----Original Message----- <br />From: ESANDS2612@aol.com[mailto:ESANDS2612@aol.com] <br />Sent: Tuesday, April 09, 2002 11:06 AM <br />To: neal.beets@ci.roseville.mn.us <br />Cc: chris.miller@ci.roseville.mn.us; duane.schwartz@ci.roseville.mn.us; johnk@usfamily.net <br />Subject: MSA (state aid) funds; Forecasting debt retirement and borrowing. <br />Hello Neal, <br />Would you please answer the following questions relating to MSA funds at your earliest convenience, <br />hopefully by Thursday or Friday of this week by return e-mail: <br />1. The amount of MSA funds received from the state in the year 2001. <br />2. The amount of MSA funds projected to be received in the year 2002 <br />3. The balance of MSA funds on hand at Dec. 31, 2001. <br />4. The amount of any MSA funds being held by the state for our use and not <br />included in the balance of MSA funds on hand at Dec. 31.2001, if any. <br />1 <br />