HomeMy WebLinkAbout17 T COMM FDN SEED 02-07-94 NO.. 17
-'" 2-7-94
Intor-Gom
DATE:
February 1, 1994
TO:.
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
COMMUNITY SERVICES DEPARTMENT
SEED MONEY FOR TUSTIN COMMUNITY FOUNDATION
RECOMMENDATION:
Staff is requesting on behalf of the Tustin Community Foundation,
that the Council appropriate $ 5,000 as seed money.
FISCAL IMPACT:
The $ 5,000 requested is necessary for the Foundation to begin
work. Should the Council wish, the seed money could be repaid back
to the City once the Foundation becomes established and begins
receiving donations.
Council appointed the Board of Directors for the Community
Foundation in September 1993. The Board began meeting in October,
and have had two meetings since. While the Board is still in the
organization stages, there are some expenses for getting organized.
At the January 27 meeting the Board discussed having to develop a
logo, business cards, information pamphlets and other marketing
tools to conduct business. Without money in the budget these
things would not be possible. Upon the Foundation receiving its
nonprofit number, which is expected at any time, a checking account
will be set up.
Susan M. Jone ,~~
Recreation Superintendent