Picture Pages
Advertising Rates
Contact us
Purchase a photo
Celebration Forms
Submit Event
Submit News
Site Search

Advanced Search
Search Sponsored

home : news : news Wednesday, May 25, 2016

10/26/2013 Email this articlePrint this article 
Clinton County Development Agency looks to clean up funding policy

By Jeremy Huss
Staff writer

The Clinton County Development Association (CCDA) is making changes to its funding policy to clean up state and federal code language regarding who is eligible to apply for grants from the non-profit license holder for the Wild Rose Casino.

CCDA board member Les Shields said Oct. 16 he is working on revisions that clarify grant amounts available through its two funding pools and remove unnecessary and confusing references to sections of the IRS code of regulations and the Iowa Code.

Shields said he is adding language to specify Fund A grants are for projects of $150,000 or more and Fund B grants are for projects of $75,000 or less.

He also is adding wording that states CCDA must fund all of its long-term financial commitments before distributing additional money through the two grant pools as well as a section stating any money left over once all grants have been distributed will revert to CCDA's general fund, also referred to as the director's choice fund.

Shields said he was planning to meet later in the day with accountants at Winkle, Parker and Foster to discuss revisions intended to eliminate overlap related to the various code sections that define who is eligible, such as 501(c)3 charitable organizations and 170(c)1 government bodies.

Shield said his review of the code language shows some of the sections specified in CCDA's policy are redundant.

It also appears CCDA may not have been properly handling grants for organizations that aren't classified as 501(c)3.

AmVets and the American Legion are two such organizations, Shields said, because they are classified under code section 501(c)19 and are required to establish a charitable fund with separate finances and provide documentation to the IRS.

Shields asked if the board wanted to restrict future awards only to 501(c)3 organizations or to change policy to match current practices, the consensus was to continue allowing organizations like the Legion to apply for funds.

Shields said he would meet with accountants at Winkle, Parker and Foster to fix the policy language for a vote on the revised policy in November.

CCDA declined to provide a copy of the policy draft to media outlets.

Board approves extension,

extra funding for band shell project

The CCDA approved allocating an additional $50,000 toward the renovation of the Clinton riverfront band shell and agreed to extend the completion deadline from Dec. 31 to May 15 at the request of city administrator Jessica Kinser.

A bid was awarded Oct. 8 to Clinton Engineering for approximately $235,000, which is beyond the original budget, Kinser said.

Officials have been able to lower the cost to $204,000 with "value engineering" modifications, but the cost remains above the $150,000 allocation CCDA approved earlier this year.

The board agreed to allocate an additional $50,000 to the project, with the funds coming from the remainder of the $200,000 set aside for the Vision Iowa project.

Administrative hiring process

The Clinton Chamber of Commerce is progressing in its effort to hire a new administrative assistant following the resignation of Tracy Trenkamp in August.

Chamber representative Nathan Sondergroth said 27 resumes have been received and will be narrowed to six finalists before scheduling candidate interviews. Sondergroth said he expects the chamber to interview three or four candidates.

Brig Tubbs will represent the CCDA on the interview committee. CCDA contracts with the chamber for administrative services.

Financial report

Casino revenue was down $90,000 in September, a 3 percent drop from August, interim general manager Gus Linke reported.

Revenue year-to-date is $27.3 million, down 7.6 percent from 2012.

Linke said table gaming is declining due to younger gamblers favoring electronic games.

Article Comment Submission Form
Please feel free to submit your comments.

Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Passcode: This form will not send your comment unless you copy exactly the passcode seen below into the text field. This is an anti-spam device to help reduce the automated email spam coming through this form.

Please copy the passcode exactly
- it is case sensitive.
Like us on facebook


The Observer • Founded in 1864
“Pledged but to truth, liberty, and law;
no favors win us and no fears shall awe.”

512 Seventh St., PO Box 49, DeWitt, IA 52742 • 563-659-3121
Copyright 2016, DeWitt Observer Publishing Co.
 Software © 1998-2016 1up! Software, All Rights Reserved