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A CEREMONIAL RESOLUTION
20-18
In the Council of the District of Columbia
March 5, 2013
To declare April 14, 2013 as “Lemonade Day” in the District of Columbia and to highlight the importance of setting goals, developing business plans, securing investors, creating products, generating profits, and giving back to the community.
WHEREAS, only one-third of the adult population in the United States understands basic financial literacy concepts;
WHEREAS, approximately 34% of parents teach their children how to balance a checkbook, and 93% of parents report concerns that their children might make financial missteps such as overspending or living beyond their means;
WHEREAS, research indicates that people who have had financial education participate more often in retirement programs, make larger contributions to the program, and have a much higher savings rate than others;
WHEREAS, youth are more likely to develop a budget when they learn how to create one;
WHEREAS, Lemonade Day, created in 2007, is a nationwide effort that teaches children how to start, operate, and own a business;
WHEREAS, by running a lemonade stand, participants learn goal setting, develop a business plan, establish a budget, secure investors, provide customer service, and give back to the community;
WHEREAS, on Sunday, April 14, participants of Lemonade Day will produce, consume, and sell delicious lemonade, learn a set of skills to make informed and effective decisions with their financial resources, contribute to a fun and rewarding event, and assist in creating a brighter future for the residents of the District of Columbia; and
WHEREAS, the Council wishes to further promote financial literacy and entrepreneurialism for the District of Columbia’s youth.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the “Lemonade Day Declaration Resolution of 2013”.
Sec. 2. The Council of the District of Columbia hereby declares its support for
Lemonade Day, encourages the public to purchase lemonade on Lemonade Day, and declares April 14, 2013 as “Lemonade Day” in the District of Columbia.
Sec. 3. This resolution shall take effect immediately upon the first date of publication in
the District of Columbia Register.
