HomeMy WebLinkAbout10-21JANUARY 26, 2010 10 -21 RESOLUTION
(CARRIED 7 -0 LOST LAID OVER WITHDRAWN )
PURPOSE: DISTRIBUTION OF FISK- GALLUP TRUST FUNDS BY HEALTH
SERVICES FOR MEDICAL SERVICES TO INCOME QUALIFIED
CITIZENS
INITIATED BY: DEPARTMENT OF FINANCE
BE IT RESOLVED by the Common Council of the City of Oshkosh that the entire
yearly net income for 2009 from the Trust known as the "Fisk - Gallup Memorial Hospital
and Nursing Fund" be expended by the City of Oshkosh for the treatment, healing, care
and aid of the sick during the calendar year for which said income is received;
That this income be dispersed through the City of Oshkosh Health Services Division
to be used to provide non - emergency health services to persons and /or families not
receiving medical assistance and whose income falls within established federal guidelines.
That payment for said expense be made monthly for the preceding month upon
vouchers to be audited and approved by the Director of Community Development and the
City Health Officer and allowed by the Common Council;
That the Director of Finance is hereby authorized and directed to collect forthwith
from the US Bank of Oshkosh Trust Department, successor Trustee of the Firstar Trust
Company in Oshkosh, Wisconsin, the entire net income from said Trust for 2009 and to
give the proper receipt therefor.
City of Oshkosh
Finance Department
215 Church Ave., PO Box 1130
Oshkosh, WI 54903 -1130
OfHKOIH (920) 236 -5080 (920) 236 -5039 FAX
ON THE WATER
MEMORANDUM
TO: Honorable Mayor and Members of the Common Council
FROM: Peggy Steeno, Finance Director
DATE: January 21, 2010
RE: Fisk Gallup Trust Fund Disbursement
BACKGROUND
Council is being asked to approve a resolution to support the annual disbursement of funds from the
Almeda Fisk Gallup Trust Fund to the City to be utilized by the Health Services Division to provide
non - emergency health services to individuals and /or families not receiving medical assistance whose
income falls within established federal guidelines.
The Almeda Fisk Gallup Trust Fund was created with $75,000 willed to the City in 1928 to be used for
the purpose of furnishing non - emergency medical services to the citizens of Oshkosh. Annually the City
requests disbursement of the previous year's income to the City. This disbursement varies from year to
year based on how well the investments have done the previous year. If at the end of the year there is
money remaining in the account that surplus income is required to be returned to the account to be added
back to the principal of said trust.
ANALYSIS
This is an annual request for disbursement that allows the Health Services Division to provide assistance
to citizens that meet established income guidelines to receive health services. These services include, but
are not limited to, such things as health assessments or screenings, limited diagnostic services, dental
services, prescription and /or nonprescription medications, and corrective eyeglasses.
FISCAL IMPACT
The activities that are proposed to be undertaken will enable the Division to offer citizens health services
that would not normally be available through the regular budgetary process. As such, there is no direct
impact to the City Budget.
RECOMMENDATION
Staff recommends that Council authorize this resolution to disburse the funds as outlined.
Respectfully Submitted, Approved:
P
Pe o ark Rohloff
Peggy
Finance Director City Manager