1998-417AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT
BETWEEN THE CITY OF DENTON AND THE GREATER DENTON ARTS COUNCIL FOR
THE PAYMENT AND USE OF HOTEL TAX REVENUE, AND PROVIDING AN
EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the Mayor ~s hereby authorized to execute an agreement between the
C~ty of Denton and the Greater Denton Arts Council for the payment and use of hotel tax
revenue, under the terms and eondat~ons eontmned ~n the agreement, a copy of which ~s attached
hereto and made a part hereof
SECTION II That th~s ordinance shall become effective ~mmedmtely upon ~ts passage
and approval
PASSED AND APPROVED thls the ~ dayof ~~j ,
1998
ATTEST,
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
AGREEMENT BETWEEN THE CITY OF DENTON AND
GREATER DENTON ARTS COUNCIL (CY1999-2001)
PROVIDING FOR THE PAYMENT AND USE OF HOTEL TAX REVENUE
THIS AGREEMENT made between the City of Denton, Texas, a mumclpal corporation
(the "CITY"), and the Greater Denton Arts Council, a non-profit corporation incorporated under the
laws of the State of Texas (the "COUNCIL")
WHEREAS, Tex Tax Code §351 002 authorizes the CITY to levy by ordinance a
mumclpal hotel occupancy tax ("hotel tax") not exceeding seven percent (7%) of the considerat~on
prod by a hotel occupant, and
WHEREAS, by orchnance, the CITY has provided for the assessment and collection of a
mumclpal hotel occupancy tax m the City of Denton of seven percent (7%), and
WHEREAS, Tex Tax Code §351 101(a) anthonzes the CITY to use revenue fi.om its
mumclpal hotel occupancy tax to promote tourism and the convention and hotel industry by
advertising and conducting sohcltattons and promotional programs to attract tourists and convenuon
delegates or registrants to the mumclpallty or its vlcunty, and the encouragement, promotion,
improvement, and apphcatton of the arts including instrumental and vocal music, dance, drama, folk
art, creative writing, arebatecture, design and allied fields, painting, sculpture, photography, grapluc
and craft arts, motion pictures, radio, television, tape and sound recording, and other arts related to
the presentation, performance, execution, and extubitlon of these major art forms, and
WHEREAS, the COLrlqCIL is well eqmpped to perform those acttvmes, and
WHEREAS, Tex Tax Code {}351 101(c) authorizes the CITY to delegate by contract w~th
the COUNCIL, as an independent entity, the management and supervision of programs and
activities of the type described herelnabove funded wth revenue from the mumclpal hotel
occupancy tax,
NOW, THEREFORE, in consideration of the performance of the mutual covenants and
promises contamed herein, the CITY and the COUNCIL agree and contract as follows
I HOTEL TAX REVENUE PAYMENT
1.1 Conslderatmn. For and in constderat~on of the activities to be performed by the COUNCIL
under this Agreement, the CITY agrees to pay to the COUNCIL a portion of the hotel tax revenue
collected by the CITY at the rates and in the manner specified herem (such payments by the CITY
to the COUNCIL sometimes herem referred to as the "agreed payments" or "hotel tax funds")
1 2 Amount of Payments
(a) As used mttus Agreement, the following terms shall have thc follow~ng specific
meanings
0) The term "hotel tax revenue" shall mean the gross momes collected and
received by the C~ty as mumc~pal hotel occupancy tax at the rate of seven pement (7%) of
the pnco prod for a room m a hotel, pursuant to Texas Tax Code 351 002 and C~ty
Ordinance Hotel tax revenue will include penalty and interest related to the late
payments of the tax revenue by the taxpayer
(n) The term "Collectton period" will mean the collection period for the CITY's
fiscal year It will include hotel tax revenue due to the C~ty for the relevant fiscal year and
collected through the 22nd day of the month follouang the close of the relevant fiscal year
(u0 The term "base payment amount" shall mean a net amount of money equal
to the total hotel tax revenue collected by the CITY during any relevant period of tune (t e,
fiscal year or fiscal quarter), less (1) attorney and auditing costs recurred dunng such
relevant period of ttme for costs of collection or auchtmg of hotel taxpayers Attorney and
auchtmg costs include fees prod to attorneys or agents not in the regular employ of the CITY
for wbach attorneys or agents effect comphance or collection of the hotel tax from taxpayers,
and (2) court costs and other expenses recurred ~n ht~gatlon against or anchung of such
taxpayers
0v) The term "contract quarter" shall refer to any quarter of the calendar year m
wluch th~s A/~ement ~s m force Contract quarters wall end on March 31st, June 30t~,
September 30~, and December 31~t of each contract year
(b) In return for satisfactory performance of the act~vmes set forth m flus Agreement
and all attachments hereto, the CITY shall pay to COUNCIL an amount of money m each
contract year equal to the lesser amount of Thirteen and Twenty-E~ght One Hundredths percent
(13 28%) of the annual base payment amount or the fixed contract amount of One Hundred Ten
Thousand Two Hundred Nmety-e~ht Dollars ($110,298) Tlus amount will be d~wded into
quarterly payments equal to 25% of the annual fixed contract amount, unless the CITY can show
w~th reasonable certmnty that the annual base payment amount will be Jess than originally
estimated for the fiscal year The fourth quarterly payment will represent 25% of the fixed
contract amount or the unpaid remainder of 13 28% of the base payment amount, whichever ~s
less Each quarterly payment m subject to recexpt of unused funds from the prior contract period
and the receipt of the reqmred quarterly reports Fun&rig for calendar year 2000 and calendar year
2001 is dependent upon, and subject to, budget approval by the City Council for those periods
Upon, and subject to, budget approval, the budgeted annual payment for calendar years 2000 and
2001 are subject to an annual escalation of not more than 4%
1.3 Dates of Payments
(a) The term "quarterly payments" shall mean payments by the CITY to the COUNCIL of
those amounts specffied xn ¶1 2, above, as deterrmned by the hotel tax revenue collected
Co) Each quarterly payment shall be paid upon receipt of the required reports and after the
25th day following the last day of the contract quarter If quarterly financial and performance
reports are not received w~flun tbarty (30) days of the end of the applicable contract quarter, the
recipient may be held m breach of tlus Agreement The CITY may w~thhold the quarterly
Page 2
payment(s) untal the appropriate reports are received and approved, wbach approval shall not
unreasonably be w~thheld
1 4 Other hmitat~ons regarding consideration.
(a) The funchng of tlus project m no way commats the CITY to future funding of flus
program beyond the current contract period Any future funding is solely the respouslbfllty of the
COUNCIL
(b) It is expressly understood that flus contract m no way obhgates the General Fund or any
other momas or crechts of the CITY Further, COUNCIL understands that funding for the CY2000
and CY 2001 years is expressly contingent upon the avtulabllaty and allocation of budgeted hotel tax
funds dunng CITY's FY1999-2000 and FY2000-2001 budget years, respectively
(c) CITY may wathhold further allocataons if CITY determines that COUNCIL's
expenditures dewate materially from their approved budget
IL USE OF HOTEL TAX REVENUE
2.1 Use of lhmds. For and m consideration of the payment by the CITY to the COUNCIL of the
agreed payments of hotel tax funds specified above, the COUNCIL agrees to use such hotel tax
funds only for adverhsmg and conducting sohcltations and promotional programs to attract tourists
and convantion delegates or registrants to the mumclpality or its Vlclmty by the encouragement,
promotion, unprovement, and application of the arts including instrumental and vocal music, dance,
drama, folk art, creative writing, arcbateeture, design and allied fields, pmntmg, sculpture,
photography, grapbac and craft arts, motion pictures, racho, television, tape and sound recording, and
other arts related to the presentation, performance, execution, and exlubltion of these major art
forms, as authorized by TEx TAx CODE §351 101(a) (3) & (4) Funds for any calendar year wbach
are unused by mldmght December 31st of that year shall be refunded to CITY w~thln flurry (30)
days
2 2 Administrative Costs. The hotel tax funds received from the CITY by the COUNCIL may be
spent for day-to-day operations, supphes, salaries, office rental, travel expenses, and other
admlmstrative costs that are recurred directly in the performance by the COUNCIL of those
activities specified m ¶2 1 above and are allowed by TEX TAx CODE §351 101 (f)
2 3 Specific Restrictions on Use of Funds.
(a) That portion of total adrmmstrattve costs of the COUNCIL for which hotel tax funds
may be used shall not exceed that portion of the COUNCIL's adrmmstrative costs actually recurred
in conducting the actlwtles specified m ¶2 1 above
Co) Hotel tax funds may not be spent for travel for a person to attend an event or conduct
an actiwty the primary purpose of wtueh is not directly related to the promotion of local tourism and
the convention and hotel industry or the performance of the person's job in an efficient and
professional manner
P~e3
IH. RECORDKEEPING AND REPORTING REQUIREMENTS
3 1 Budget.
(a) The COUNCIL shall prepare and subrmt to the City Manager of the CITY an annual
budget (see Exbablt "A") as approved by the City Cotmcfl for each calendar year, for such
operations of the COUNCIL m wluch the hotel tax funds shall be used by the COUNCIL Tlus
budget shall specifically identify proposed expenditures of hotel tax funds by the COUNCIL In
other words, the CITY should be able to aucht specifically where the funds m the separate account
relating to hotel tax funds will be expended The CITY shall not pay to the COUNCIL any hotel tax
revenues as set forth m Section I of flus contract dunng any fiscal year of flus Agreement unless a
budget for such respective fiscal year has been approved m writing by the Denton City Council
authorizing the expanchture of funds Fmlure to subrmt an annual budget may be eousldered a
breach of conlxaet, and if not remeched is considered grounds for temunat~on of flus Agreement as
stated in paragraph 4 2
(b) The COUNCIL acknowledges that the approval of such budget by the Denton City
Council creates a fiduciary duty m the COUNCIL w~th respect to the hotel tax funds prod by the
CITY to the COUNCIL under flus Agreement The COUNCIL shall expend hotel tax funds only In
the manner and for the purposes specxfied m flus Agreement, TEX TAX CODE §351 101(a) and m
the budget as approved by the CITY
3 2 Separate Accounts. The COUNCIL shall mmntam any hotel tax funds prod to the
COUNCIL by the CITY m a separate bank account w~th segregated accounting, such that any
reasonable person can review the source of expend~tnres of tax funds A bank reconciliation report
(see Extubit "B") is reqmred w~th each quarterly report
3 3 Financial Records. The COUNCIL shall maintain complete and accurate finanaial
records of each expenditure of the hotel tax funds made by the COUNCIL These funds are
required to be classified as reslneted funds for audited financial purposes, and may not be used for
supporting services, including, but not lumted to, auditing fees and attorney's fees Upon
reasonably advance written request of the Denton City Council, the City Manager or designate, or
any other person, shall make such financial records avoalable for mspectlon and review by the party
making the request COUNCIL understands and accepts that all such fmanaial records, and any
other records relating to flus Agreement shall be subject to the Public Information Act, TEX GOV'T
CODE, ch 552, as hereafter amended
3 4 Quarterly Reports Within thu~ days after the end of every contract quarter, COUNCIL
shall furmsh to CITY (1) a performance report of the work performed under flus Agreement
describing the act~vities performed pursuant to flus Agreement dunng that contract quarter, and (2) a
list of the expenditures made vath regard to hotel tax funds pursuant to TEX TAX CODE
§351 101(C) Both the performance and expenchture reports will be in a form either determined or
approved by the City Manager or designate (see Extublt "B") The COUNCIL shall respond
promptly to any request from the City Manager of the CITY, or designate, for adcht~onal
mformatton relating to the act~wt~es performed under flus Agreement
P~e4
3 5 Notice of Meetmgs. The COUNCIL shall give the City Manager of the CITY reasonable
advance written not,ce of the time and place of all meetings of COUNCIL's Board of Du'ectors, as
well as any other meeting of any constituency of the COUNCIL at which flus Agreement or any
matter the subject of tins Agreement shall be considered This provision shall not be deemed to
reqmre the COUNCIL to give noUce of any executive session of the Executive Comrmttee of the
COUNCIL
IV. T~RM AND TERMINATION
4 1 Term. The term of flus Agreement shall commence on January 1, 1999 and terminate at
mldmght on December 31, 2001 Tins term shall be a period of three years
4 2 Termination Without Cause.
(a) This Agreement may be terminated by either party, with or without cause, by giving
the other party stay (60) days advance written not~ee
(b) In the event flus contract is terminated by either party pursuant to Section 4 2(a),
the CITY agrees to reimburse the COUNCIL for any contractual obligations of the COUNCIL
undertaken by the COUNCIL in satisfactory performance of those activities specified in ¶¶2 1
and 2 2 above and that were approved by the Council through the budget, as noted in ¶3 1 This
reimbursement is condmoned upon such contractual obligations having been incurred and
entered into in the good froth performance of those services contemplated in ¶¶2 1 and 2 2 above,
and further conditioned upon such contractual obligations having a term not exceeding the full
term of this Agreement Notwithstanding any provision hereof to the contrary, the obligation of
the CITY to reimburse the COUNCIL or to assume the performance of any contractual
obligations of the COUNCIL for or under any contract entered into by the COUNCIL as
contemplated herein shall not exceed 66 2/3% of the current quarterly payment
(c) Further, upon termination pursuant to ¶4 2(a), the COUNCIL will provide the
CITY 1) Wlflun 10 business days from the termination notification, a short-term budget of
probable ~expenchturas for the rematmng 60 day period between termination notification and
contract termination This budget will be presented to Council for approval within 10 business
days after receipt by CITY If formal approval is not given within 10 business days and the
budget does not contain any expenditures that would be prohibited by the Texas Tax Code, and
is within the current contractual period approved budget, the budget will be considered
approve{t, 2) Within 30 days, a full accounting of all expenditures not previously audited by the
City, 3) Within 5 business days of a request from the CITY, a hsUng of expenditures that have
occurred since the last reqmred reporting period, 4) a final accounting of all expenditures and tax
funds omthe day of termination The COUNCIL will be obligated to return any unused funds or
funds determined to be used improperly Any use of remaining funds by the COUNCIL after
notification of termination is conditioned upon such contractual obligations having been incurred
and entered into in the good faith performance of those services contemplated in 2 1 and 2 2
above, mad further conditioned upon such contractual obligations having a term not exceeding
the full term of flus Agreement
P~e5
4 3 Automatic Termination. Th~s Agreement shall automatically terrmnate upon the
occurrence of any of the following events
(a) The termination of the legal erastence of the COUNCIL,
(b) The ~usolvency of the COUNCIL, the filing of a petition m bankruptcy, either
voluntarily or ~nvoluntanly, or an assignment by the COUNCIL for the benefit of erechtors,
(c) The conttnuation of a breach of any of the terms or condmons of flus Agreement by
either the CITY or the COUNCIL for more than tturty (30) days after written not~ee of such
breach is g~ven to the breaching party by the other party, or
(d) The fmlure of the COUNCIL to subrmt a financial quarterly report wluch complies w~th
the reporting procedures reqmred herein and generally accepted accounting pnnciples prior
to the beginning of the next euntract term, or quarterly as reqtured by Section 1 3 hereof
4.4 Right to Immediate Termmation Upon Litigation. Notw~thstanahng any other pmwsiun
of tlus Agreement, to nutigate damages and to preserve ex~dence and ~ssues for judicial
detemunation, either party shall have the right to terrmnate ttus Agreement upon unmechate
notice to the other party m the event that any person has instituted htigation concermng the
activities of the non-terminating party, and the ternunating party reasonably believes that
such actiwties are reqtured or protublted under ttus Agreement
4 5 In the event that flus Agreement is terminated pursuant to ¶¶4 3 or 4 4, COUNCIL agrees
to refund any and all unused funds, or funds determined by the CITY to have been used
improperly, within 30 days after termination nf this Agreement
V GENERAL PROVISIONS
5 1 Subcontract for Performance of Services. Noflung in flus Agreement shall prolublt, nor
be construed to prolub~t, the agreement by the COUNCIL with another private entity, person, or
orgamzation for the performance of those services described m ¶2 1 above In the event that the
COUNCIL enters into any arrangement, contractual or otherwise, w~th such other entity, person or
orgamzaUon, the COUNCIL shall cause such other entity, person, or orgamzation to adhere to,
conform to, and be subject to all provisions, terms, and conditions of flus Agreement and to TE×
TAX CODE ch 351, including reporting requirements, separate funds mmntenanee, and hrmtations
and probabntons pertmmng to expenditure of the agreed payments and hotel tax funds
5.2 Independent Contractor The COUNCIL shall operate as an independent contractor as to
all services to be performed under ttus Agreement and not as an officer, agent, servant, or employee
of the CITY The COUNCIL shall have exclusive control of its operations and performance of
services hereunder, and such persons, entities, or orgamzations performing the same and the
COUNCIL shall be solely responsible for the acts and omissions of its directors, officers,
employees, agents, and subcontractors The COUNCIL shall not be considered a partner or joint
venturer vnth the CITY, nor shall the COUNCIL be considered nor m any manner hold itself out as
an agent or official representative of the CITY
P~e6
5.3 Indemnification. The COUNCIL agrees to mdemmfy, hold harmless, and defend the
CITY, 1ts officers, agents, and employees from and agmnst any and all clmms or stats for inJUries,
damage, loss, or habthty of whatever kind or character, arising out of or tn connection w~th the
performance by the COUNCIL or those sermces contemplated by ttus Agreement, including all
such clarms or causes of actton based upon common, conmntt~onal or statutory law, or based, m
whole or tn part, upon allagataons of neghgent or intentional acts of COUNCIL, tts officers,
employees, agents, subcontractors, hcensees and ~nv~tees
5.4 Assignment. The COUNCIL shall not asstgn ttus Agreement w~thout first obtaining the
written consent of the CITY
5 5 Notice. Any horace reqmred to be given under tlus Agreement or any statute, ordinance, or
regulatton, shall be effective when g~ven m writing and depomed m the Umted States marl, comfied
marl, return receipt requested, or by hand-dehvery, addressed to the respective parties as follows
CITY COUNCIL
C~ty Manager Greater Denton Arts Councd
City of Denton Herbert Holl
215 E McKmney Executive Dtrector
Denton, TX 76201 207 S Bell
Denton, Texas 76201
5 6 Inurement. Tbas Agreement and each provtston hereof, and each and every right, duty,
obhgat~on, and habthty set forth hereto shall be binding upon and tnure to the benefit and obhgat~on
of the CITY and the COUNCIL and their respective successors and assigns
5 7 Apphcatmn of Laws. All terms, conchttons, and provtstons of thts Agreement are subJeCt
to all apphcable federal laws, state laws, the Charter of the C~ty of Denton, all ordinances passed
pursuant thereto, and all juche~al determinations relative thereto
5 8 Exclusive Agreement. Tlus Agreement contmns the entare understanding and constttutes
the entare agreement between the part,es hereto concerning the subject matter contained hereto
There are no representations, agreements, arrangements, or understandings, oral or written, express
or ~mphed, between or among the partaes hereto, relating to the subject matter of flus Agreement,
wluch are not fully expressed hereto The terms and conchtaons of ttus Agreement shall prevml
notwithstanding any variance m tins Agreement fi'om the terms and conditions of any other
document relating to tlus transaction or these transactions
5 9 Duplicate Originals. Tlus Agreement ts executed m duphcate originals
5.10 Headings. The heachngs and subheachngs of the various sections and paragraphs of ttus
Agreement are inserted merely for the purpose of convemence and do not express or ~mply any
hrmtatton, defimtton, or extension of the spectfic terms of the section and paragraph so destgnated
5.11 Sevcrab~hty. If any sectton, subsectaon, paragraph, sentence, clause, phrase or word mttus
Agreement, or apphcataon thereof to any person or c~rcumstance ~s held ~nval~d by any court of
Page 7
competent jtmsthct~on, such holding shall not affect the vahdlty of the remmnmg portions of tlus
Agreement, and the part,es hereby declare they would have enacted such remmmng por'aous despite
any such mvah&ty
5.12 Insurance The COUNCIL shall, at a mmunum, prowde insurance as follows
$500,000 Commercial General Llabthty
Statutory Workers' Compensataon and Employers' L~abHay
($ !00,000/$500,000/$100,000)
$500,000 Business Automobile L~abthty on any owned, non-owned or lured
vebaeles
The CITY must be named as an addmonal insured on all pohcles (except Workers' Compansat~on)
and proof of coverage shall be subrmtted prior to any payment by the CITY
EXECUTED th~s ~ day of ~ ,1998
By
JA~IdLER, MAYOR
ATTEST, APPROVED AS TO LEGAL FORM
By(~ ~ ~...~/~F~ ~A~.~ By ~~~ --
l b'F_~ WALTERS, HERBERT L PROUT'~-/
SI~CRETARY CITY ATTORNEY
GREATER DENTON ARTS COUNCIL
By Ch~an~D/~r ~'~
ATTEST APPROVED AS TO LEGAL FORM
By ~If~ ~ '~~ By
Secretary '
Page 8
(3 R E AT E R GDAC Budget Template - HOT Comphance
DENTON
ARTS rr gs-99
COUNCIL
Adverttsmg Amount
207 SOUTH BELL
DENTON TX 76201 Art
PHONE (940) 382 2787
Salaries
Admln
91
FAX (940) 566 t486 rayron ,~o
WEB dentonarta corn
m~ECrORS Buildings
Jo Kuhn
Vice Prestdent~ Htstortcai
Gerard BaIsley
Jim Wheeler
Corky Stuckenbmck Admtntstratton
Trea~u~erRtehard Stream Operating Office 8,000
Immediate Paat Facthties/Properhes 3,000
Barbara Philips Exhibitions Programs/Exhibitions 9,000
Barbara Ball 20,000
June Berry
Jayne Boston
Euhne Brock Travel
TOTAL
1
George H~ghtlll
Jane Jenkzns
Carol Kemek
^~a. Ne~on November 24, 1998
Raymond Redmon Note to Lee Ann Bunselmeyer
EXECOT[V£ This modified budget reflects a quarterly interest income
m~CTOR projection of $250 or $1,000 for the year It is based upon
an average balance of $20,000 at 5% interest The
I~ additional $1,000 has been allocated to the Administrative
Payroll raising the total from $90, 298 to $91,298 Please
let me know if you need additional information
A always, thank you for your assistance
Herbert Holl
Executive Director
GREATER DENTON ARTS COUNCIL
FINANCIAL REPORT
Program Year 1999
4TH BUDGET
-- QUARTER QUARTER QUARTER QUARTER YEAR TO VS
(Jan.Mar) (Apr-Jun) (JuI.Sep) (Oct. Dec) DATE ACTUAL
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $110,298
0 0 0 0 0 1,000
$0 $0 $0 $0 $0 $111,298
$0 $0 $0 $0 $0 $91,298
$0 $0 $0 $0 $0 8,000
0 0 0 0 0 3,000
0 0 0 0 0 9,000
$0 $0 $0 $0 $0 $20,000
$0 $0 $0 $0 $0 $111,298
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
0 0 0 0 0 0
0 0 0 0 0
$0 $0 $0 $0
Date Submitted Program D~rector
GREATER DENTON AR IH
FINANCIAL Ht
Program Yea~ 1999
~UART~R ~UANIi R ~UAAIER QLIARII-N YL AH FO
APPROVED BUDGET (Jan-Mad (Apr-Jun) (Jul-sap) (oct-Doc)
Begmning Cash $o $o $o $o $o $o
Receipts
Occupancy Ta, x $110,298 $0 $0 $0 $0 $0 $110,298
Interest Ineorde 1,000 0 0 0 0 0 1,000
Total Receipts .... $111,298' $0 $0 $0 $0 $0 $111,298
Disbursements
Salaries
Adm~n Payroll $9'1,298 $0 $0 $0 $0 $0 S91,298
AdrQ~lstrat!oq
Operat~ncj
Off~ce $8,000 $0 $0 $0 $0 $0 8,000
ProgramslFac~l~t~e?/Prop 3,000 0 0 0 0 0 3,000
Exhcblt~ons
Programs 9,000
Total Admlr~lstratlor) ~0,000 $0 $0 $0 $0 $o S20,00O
total D~sbursements $111,298 $0 $0 $0 $0 $0 $111 298
ExcesS, of
Receipts/Disbursemer~ts $0 $0 $0 S0 $o
~E~? m_~_Cash ~ $0 $o $0 $0 $0 $o
REcoNCiLIATION
Bank Balance $0 S0 S0 So $o $o
Less Ol~tstandirlg Checks 0 0 0 0 0 0
Other Adjustments 0 0 0 0 0 0
C~sh on hand $0 ' - $0 $0 $0 ~ ~ $0~
Variance (slb=0) $0 $0 $0 $0 ,, $0 $0
Date Submitted Program D~rector