BALBOA PARK CONSERVANCY IS A PUBLIC/PRIVATE PARTNERSHIP FORMED TO ENSURE THE PRESERVATION AND ENHANCEMENT OF BALBOA PARK'S HISTORICAL, CULTURAL, AND NATURAL RESOURCES FOR FUTURE GENERATIONS. THE PURPOSE OF THE GRANT IS FOR THE BENEFIT OF FOREVER BALBOA PARK TO BE APPLIED 1) $10,000 FOR THE REPAIR OF THE CAROUSEL; AND 2) $40,000 FOR OPERATIONAL EXPENSES.