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N`- t Of <br />PIPNEW <br />RB CM -ON <br />the city that works for you <br />REQUEST FOR COUNCIL CONSIDERATION <br />Report Number: <br />Agenda Section: <br />Report Date: <br />Council Meeting Date <br />08-041 <br />V-2 <br />January 18, 2008 <br />January 22, 2008 <br />ITEM DESCRIPTION: INFORMATIONAL PRESENTATION BY ACADEMY OF <br />BIOSCIENCE REGARDING SCHOOL FINANCE AWARD. <br />DEPARTMENT HEAD'S APPROVAL: Jason T. est; Assistant Director of Parks and Recreation <br />CITY MANAGER'S APPROVAL: <br />No comments to supplement this re ort SQ" Comments attached <br />Recommendation: <br />Presentation of Academy of BioScience receiving the School Finance Award. <br />Legislative History: <br />Academy of BioScience entered into a lease agreement with the City of New Brighton on February 27, <br />2007 and has been a tenant at the Family Service Center since August 1, 2007. <br />•Financial Impact: <br />NA <br />• <br />Explanation: <br />On Friday January 11, 2008 the Minnesota Department of Education, division of Program Finance <br />presented the Academy of BioScience with the School Finance Award. This award reflects a compliance <br />with Minnesota Statutes on selected finance issues. It also reflects a proactive stance by the district on <br />positive fund balances, sound fiscal policies and practices, training initiatives and accountability. <br />Costs and Funding: <br />NA <br />Jason T. West <br />Assistant Director of Parks and Recreation <br />IACOUNCIUREPORTS12008\1'arks and Recreation�ABS receiving School Finance Award.doc <br />