DEPARTMENT: Library
FILE TYPE: Regular Action
TITLE
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Acceptance Of Donation To Dakota County Library And Authorization To Amend 2024 Library Budget
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PURPOSE/ACTION REQUESTED
Accept a donation from the Trust Estate of Elizabeth Helen Kolstad and authorization to amend the 2024 Library budget.
SUMMARY
Pursuant to Policy 1570 Gift Acceptance and adopted Donation Plan (Resolution No. 24-101, February 27,2024), the Dakota County Board of Commissioners delegated to the County Manager or their designee, the Dakota County Library Advisory Committee, the authority to accept gifts of personal property up to $1,500 in value for public purposes. Gifts to Dakota County Library with a value greater than $1,500 are presented to the County Board for approval and acceptance.
Elizabeth Helen Kolstad, who passed away on June 9, 2024, at the age of 103, designated 20 percent of her estate to be donated to Dakota County Library exclusively for use at the Wescott Library. Through the initial distribution of the assets, Dakota County Library has received a partial distribution of $796,054.01. It is anticipated that an additional smaller distribution will occur once the administration of the estate has been completed.
A letter of appreciation has been prepared for Commissioner signature.
RECOMMENDATION
recommendation
Staff recommend accepting the donation and amending the 2024 Library budget.
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EXPLANATION OF FISCAL/FTE IMPACTS
Authorization is requested to amend the 2024 Library budget by $796,054 to reflect the revenue and expense associated with the donation.
☐ None ☐ Current budget ☐ Other
☒ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
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WHEREAS, pursuant to Policy 1570 Gift Acceptance and adopted Donation Plan (Resolution No. 24-101, February 27,2024), the Dakota County Board of Commissioners delegated to the County Manager or their designee, the Dakota County Library Advisory Committee, the authority to accept gifts of personal property up to $1,500 in value for public purposes; and
WHEREAS, gifts to Dakota County Library with a value greater than $1,500 are presented to the Dakota County Board of Commissioners for approval and acceptance; and
WHEREAS, Elizabeth Kolstad, who passed away on June 9, 2024, at the age of 103, designated 20 percent of her estate to be donated to Dakota County Library exclusively for use at the Wescott Library; and
WHEREAS, an initial distribution of $796,054.01 has been received by Dakota County Library from the estate.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby accepts $796,054.01 as a donation from the estate of Elizabeth Helen Kolstad; and
BE IT FURTHER RESOLVED, That the 2024 Library budget be amended as follows:
Revenue
Wescott Fund $796,054
Total Revenue $796,054
Expense
Wescott Program Expense $796,054
Total Expense $796,054
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PREVIOUS BOARD ACTION
24-101, 2/27/24
ATTACHMENTS
None.
BOARD GOALS
☒ A Great Place to Live ☐ A Healthy Environment
☐ A Successful Place for Business and Jobs ☐ Excellence in Public Service
CONTACT
Department Head: Margaret Stone
Author: Margaret Stone