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Recap ef Revenue Sharing Funds <br /> <br />As stated in our August 1, 1973 repert,.te the Ceuncil~ the City has <br />actually received $196,414.0~. A planned use report was filed June <br />16, 1973 which indicated that the Council intended ~e spena $73,e30.ee <br />for c®nstruction projects related te recreation-culture. The Council <br />has made the decisionto spend $52,Oe0.0Oen Youth Sports Park, <br />$2e,eoe.ee en walnut Grove!Park, and $5,000.eOen Val Vista Park <br />for a total ®f $77,080.e0; <br /> <br />The Council also has appreved the spending of $25,~60.0~te hire <br />young people te help clean up the parks, m~d£an strips, and street <br />and read sides. Therefore, the decision has been,made en hew <br />$102,6ee,ee ef Revenue Sharing money is te be spent~ <br /> <br />Therefore, of the $196,414.00received te date, 894,414.00 is still <br />available for any authorized Revenue Sharing expenditure: <br /> <br />Revenue Sharing Received. To-date: <br /> <br />$196,414~00 <br /> <br />Proposed Expenditures: <br /> YouthSports Park <br /> Walnut Grove Park <br /> Val Vista Park <br /> Youth Corps <br /> <br />2o,eee.eo <br />5,dee.so <br />25,doe.de <br /> <br />Total Proposed Expenditure <br /> <br />Belance-N®t Obligated <br /> <br />$ 94,414.00. <br /> <br />The Treasury ~epartment has estimated that Pleasanton wil~ receive <br />$152,$88.0eduring 1973-74. The City is required t® file and publish <br />by September 14, 1973, a Planned Use Report for the $152,e88.$e. <br /> <br />There is a =oral of $246,Se2.88.of Revenue Sharing Funds that will <br />be available ~y June 30, 1974, which the Council has not planned <br />er obligated for any purpose,~ <br /> <br />Cash Available <br />1973-74 Estimate <br /> <br />$ 94,414.ee <br />152,088.ee <br />$246,5e2.~e <br /> <br />-2- <br /> <br /> <br />