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 City of Hermosa Beach --- 08-08-00
APPROPRIATION: BALANCE OF MILLENNIUM FUND
Recommendation Staff recommends that Council appropriate the balance of $6,801.23 remaining in the Millennium Fund to the DEC Special Event Account to be used for City-sponsored event(s).
Background The Hermosa Beach 2000 celebration was funded entirely through donations raised through corporate sponsorship and from the Millennium Walkway brick sales. The New Year’s Eve celebration expenses were paid in full, leaving a remaining balance of $6,801.23.
Analysis The funds were collected for a hometown celebration, making a City-sponsored community event a good place to commit the remaining dollars. If Council approves this use of the funds, staff will dedicate them to the next major community event the City presents.
FISCAL IMPACT: NONE. FUNDS ARE CURRENLY IN THE MILLENNIUM DONATION ACCOUNT.
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