HomeMy WebLinkAbout18. 18-192 APRIL 10, 2018 18-192 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE DISTRIBUTION OF FISK-GALLUP TRUST FUNDS BY
SENIOR SERVICES DIVISION 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 2017 from the Trust known as the 'Tisk-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 Senior 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 Senior Services Director 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 2017, of
$16,295, and to give the proper receipt therefor.
n � iti i
NOW
a r
Oshkosh
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson, Finance Director
DATE: April 2, 2018
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 Senior
Center 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 Senior Center 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.
Finance Director, Trena Larson
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130
http://www.ci.oshkosh.wi.us
FISCAL IMPACT
The activities that are proposed to be undertaken will enable the Senior Center Division
to offer citizens health services that would not normally be available through the
regular budgetary process. Staff will be proposing a budget amendment to authorize
an encumbrance of $16,295.00 for expenditures in Trust Fund (0707).
RECOMMENDATION
Staff recommends that Council authorize this resolution to disburse the funds as
outlined.
Respectfully Submitted,
X en a l arson
Trena Larson
Finance Director
Approved:
Mark Rohloff
City Manager