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IV.4. Resolution Accepting Gifts and Donations Received by the City in 2024; Bishop CITY OF HOPKINS City Council Report 2025-025 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Nick Bishop, Finance Director Date: February 18, 2025 Subject: Accept 2024 Gifts and Donations _____________________________________________________________________ RECOMMENDED ACTION MOTION TO adopt Resolution 2025-008 Accepting Gifts and Donations Received by the City in 2024. OVERVIEW Minnesota State Statute 465.03 requires that the City Council officially accept gifts to the City through a resolution. The attached resolution includes all gifts and donations received throughout 2024, totaling $39,265.18. Certain gifts and donations are reflected in the annual budget due to their recurring nature. Acceptance of additional gifts or donations may result in additional or offsetting expenditures. Acceptance 2024 Gifts and Donations will not create any additional long- term costs or expenditures for the City. SUPPORTING INFORMATION • Resolution 2025-008 Accepting Gifts and Donations Received by the City in 2024 Finance Department CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2025-008 RESOLUTION ACCEPTING GIFTS AND DONATIONS RECEIVED BY THE CITY IN 2024 WHEREAS, MN Statute 465.03 requires that cities accept donations for the benefit of its residents in accordance with the terms prescribed by the donor; and WHEREAS, MN Statute 465.03 requires that all gifts and donations be accepted only with the adoption of a resolution of the governing body by two-thirds of its members; and WHEREAS, additional revenues received may require the City to incur additional expenditures in order to comply with restricted donations; and WHEREAS, the City has received the following gifts and donations during 2024: Donor Amount Designated Use Anonymous 20.00 Depoty Youth Advisory Board Anonymous 1,297.72 Arts Center Depot Gala Silent Auction 906.00 Depoty Youth Advisory Board Donations through ActiveNet Registration 11,186.60 Activity Center Donations through AudienceView Ticketing 1,009.00 Arts Center Friends of HCA 12,500.00 Arts Center Fundraising 6,622.10 Activity Center Gethsemane Lutheran 2,000.00 Hopkins Race & Equity Initiative Hopkins ISD #270 2,000.00 Hopkins Race & Equity Initiative Karen Monson 150.00 Arts Center Kennedy & Graven Chartered 250.00 Depot Youth Advisory Board LHB, Inc.250.00 Depot Youth Advisory Board Nathan Viste-Ross 120.00 Arts Center Payroll Contributions 139.91 Activity Center Payroll Contributions 279.93 Depot Payroll Contributions 533.92 Arts Center NOW THEREFORE BE IT RESOLVED, that the gifts and donations are hereby officially accepted by City Council with acknowledgement and gratitude to the donors. Adopted by the City Council of the City of Hopkins this 18th day of February, 2025. By:___________________________ Patrick Hanlon, Mayor ATTEST: _______________________________ Amy Domeier, City Clerk