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Health and Human Services Agency, Community Services Division, recommending the Board accept the gift of funds in the amount of $2,147.42 from the Ronald Newman Trust and delegate authority to the Health and Human Services Agency Director to execute any and all documents necessary to accept, process, and secure this bequest.
FUNDING: Ronald Newman Trust.
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DEPARTMENT RECOMMENDATION
Health and Human Services Agency (HHSA) recommending the Board accept this generous bestowal of Mr. Ronald Newman, for the benefit of the County’s senior services programs.
DISCUSSION / BACKGROUND
On June 14, 2016, the Board accepted a $160,000 gift of funds from the Ronald Newman Trust, of which $140,000 was appropriated for special projects for future capital improvements in the County senior centers and $20,000 was appropriated as a contribution to the El Dorado County Foundation for the Senior Services Endowment Fund (File 16-0289, Item 16).
HHSA was recently notified by successor trustee, George Applebaum, Esquire, that all assets of the Trust have been liquidated, and after truing up the Trust, there is a balance remaining of $2,147.42. Since there is a residual balance of funds after outstanding debts have been paid, HHSA is returning to the Board to request acceptance of the additional funds. HHSA will recognize the additional funds at Addenda.
ALTERNATIVES
The Board could choose to not accept the additional funding, which would prevent the County’s senior services programs from realizing a benefit from this bequest.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION
It is recommended that the Board approve this item.
FINANCIAL IMPACT
There is no Net County Cost associated with this gift of funds.
CLERK OF THE BOARD FOLLOW UP ACTIONS
Clerk of the Board to provide one (1) Certified Minute Order to HHSA Contracts Unit at 3057 Briw Road.
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Patricia Charles-Heathers, Ph.D., Director