Loading...
05/15/2024 - Meeting Materials Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July 2023 through April 2024 Jul'23-Apr 24 Budget $Over Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.00 53,805.00 -53,805.00 In-Kind SLC Dept Salaries&Ben 0.00 1,117,004.31 -1,117,004.31 SLC Nondepartmental 800,000.00 800,000.00 0.00 Total CITY 800,000.00 1,970,809.31 -1,170,809.31 CONTRIBUTIONS Corporate 64,000.00 50,000.00 14,000.00 Foundations 30,000.00 30,000.00 0.00 In-Kind 0.00 70,000.00 -70,000.00 Individuals 5,726.00 8,700.00 -2,974.00 Total CONTRIBUTIONS 99,726.00 158,700.00 -58,974.00 EARNED INCOME Beverage Sales Alcohol 0.00 28,000.00 -28,000.00 Total Beverage Sales 0.00 28,000.00 -28,000.00 Commissions 18,269.25 3,200.00 15,069.25 Other Fees 7,082.50 8,450.00 -1,367.50 Rental Fees 2,850.00 3,000.00 -150.00 Ticket Sales 20,000.00 30,000.00 -10,000.00 Vendor Fees 9,300.00 13,200.00 -3,900.00 Total EARNED INCOME 57,501.75 85,850.00 -28,348.25 GOVERNMENT GRANTS County 87,244.81 125,800.00 -38,555.19 Federal 0.00 50,000.00 -50,000.00 State 56,000.00 50,400.00 5,600.00 Total GOVERNMENT GRANTS 143,244.81 226,200.00 -82,955.19 OTHER REVENUE Miscellaneous Income 400.01 Total OTHER REVENUE 400.01 Total REVENUE 1,100,872.57 2,441,559.31 -1,340,686.74 Total Income 1,100,872.57 2,441,559.31 -1,340,686.74 Gross Profit 1,100,872.57 2,441,559.31 -1,340,686.74 Expense EXPENSES General&Adminstrative Bank Fees 552.22 500.00 52.22 Page 1 of 6 Jul'23-Apr 24 Budget $Over Budget Benefits 1,053.50 1,760.00 -706.50 Conference Fees 280.00 1,350.00 -1,070.00 Contracted Services 164,031.70 283,875.00 -119,843.30 Credit Card Fees 894.91 1,000.00 -105.09 Dues/Subscriptions/Publications 13,052.85 12,870.00 182.85 Employee Screenings 0.00 200.00 -200.00 General Insurance 5,344.03 12,750.00 -7,405.97 In-Kind SLC Dept DED Expenses 0.00 53,805.00 -53,805.00 In-Kind SLC Dept Salaries&Ben 0.00 1,117,004.31 -1,117,004.31 Parking/Mileage 23.75 1,600.00 -1,576.25 Utilities 7,705.15 8,500.00 -794.85 Total General&Adminstrative 192,938.11 1,495,214.31 -1,302,276.20 Program Expenses Advertising&Publicity 3,724.73 19,050.00 -15,325.27 Artist Commissions 12,822.60 2,240.00 10,582.60 Beverages Purchased Alcohol 0.00 3,500.00 -3,500.00 Non Alcohol 0.00 5,500.00 -5,500.00 Total Beverages Purchased 0.00 9,000.00 -9,000.00 Equipment Rental 15,577.27 140,400.00 -124,822.73 Food&Beverage 3,022.20 6,900.00 -3,877.80 Grant Expense Artist in the Classroom 21,000.00 21,000.00 0.00 Arts Learning -3,750.00 General Support 213,000.00 231,500.00 -18,500.00 Project Support 144,688.00 130,000.00 14,688.00 Total Grant Expense 374,938.00 382,500.00 -7,562.00 Graphics/Design Work 400.00 9,500.00 -9,100.00 Honoraria&Artist Fees 18,330.00 87,850.00 -69,520.00 In-Kind Goods&Services 0.00 70,000.00 -70,000.00 Mailing 360.83 600.00 -239.17 Merchandise 2,684.80 2,750.00 -65.20 Miscellaneous Charge 1,785.49 11,500.00 -9,714.51 Payroll Taxes Federal Unemployment Tax 244.26 FICA 4,643.86 Payroll Taxes-Other 0.00 11,320.00 -11,320.00 Total Payroll Taxes 4,888.12 11,320.00 -6,431.88 Permits&Licenses 6,428.04 18,750.00 -12,321.96 Postage 2,400.50 2,400.00 0.50 Printing 4,167.86 18,550.00 -14,382.14 Salaries&Wages 59,511.84 141,500.00 -81,988.16 Page 2 of 6 Jul*23-Apr 24 Budget $Over Budget Security 1,320.38 4 -39,679.62 Supplies 10,206.45 15,400.00 -5,193.55 Unemployment 5,477.36 500.00 4,977.36 Total Program Expenses 528,046.47 991,710.00 -463,663.53 Total EXPENSES 720,984.58 2,486,924.31 -1,765,939.73 Payroll Expenses 0.00 Total Expense 720,984.58 2,486,924.31 -1,765,939.73 Net Ordinary Income 379,887.99 -45,365.00 425,252.99 Net Income 379,887.99 45,365.00 425,252.99 Page 3 of 6 Salt Lake Arts Council Foundation 3:21 PM Profit & Loss Budget vs. Actual 05/06/2024 July 2023 through April 2024 Accrual Basis %of Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.0% In-Kind SLC Dept Salaries&Ben 0.0% SLC Nondepartmental 100.0% Total CITY 40.59% CONTRIBUTIONS Corporate 128.0% Foundations 100.0% In-Kind 0.0% Individuals 65.82% Total CONTRIBUTIONS 62.84% EARNED INCOME Beverage Sales Alcohol 0.0% Total Beverage Sales 0.0% Commissions 570.91% Other Fees 83.82% Rental Fees 95.0% Ticket Sales 66.67% Vendor Fees 70.46% Total EARNED INCOME 66.98% GOVERNMENT GRANTS County 69.35% Federal 0.0% State 111.11% Total GOVERNMENT GRANTS 63.33% OTHER REVENUE Miscellaneous Income Total OTHER REVENUE Total REVENUE 45.09% Total Income 45.09% Gross Profit 45.09% Expense EXPENSES General&Adminstrative Bank Fees 110.44% Page 4 of 6 %of Budget Benefits 59.86% Conference Fees 20.74% Contracted Services 57.78% Credit Card Fees 89.49% Dues/Subscriptions/Publications 101.42% Employee Screenings 0.0% General Insurance 41.91% In-Kind SLC Dept DED Expenses 0.0% In-Kind SLC Dept Salaries&Ben 0.0% Parking/Mileage 1.48% Utilities 90.65% Total General&Adminstrative 12.9% Program Expenses Advertising&Publicity 19.55% Artist Commissions 572.44% Beverages Purchased Alcohol 0.0% Non Alcohol 0.0% Total Beverages Purchased 0.0% Equipment Rental 11.1% Food&Beverage 43.8% Grant Expense Artist in the Classroom 100.0% Arts Learning General Support 92.01% Project Support 111.3% Total Grant Expense 98.02% Graphics/Design Work 4.21% Honoraria&Artist Fees 20.87% In-Kind Goods&Services 0.0% Mailing 60.14% Merchandise 97.63% Miscellaneous Charge 15.53% Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 0.0% Total Payroll Taxes 43.18% Permits&Licenses 34.28% Postage 100.02% Printing 22.47% Salaries&Wages 42.06% Page 5 of 6 %of Budget Security 3.22% Supplies 6628% Unemployment 1,095.47% Total Program Expenses 5325% Total EXPENSES 28.99% Payroll Expenses Total Expense 28.99% Net Ordinary Income -837.4% Net Income -837.4% Page 6 of 6 Salt Lake Arts Council Foundation FY24/FY25 Comparison Ordinary Income/Expense FY24APPROVED FY25BUDGET $VARIANCE %VARIANCE BUDGET PROPOSED Income REVENUE CITY In-Kind SLC Dept DED Exp. 53,805.00 53,805.00 - 0% In-Kind SLC Dept Salaries&Ben 1,117,004.31 1,349,037.00 232,032.69 17% Contribution from Bloomberg - 438,322.31 438,322.31 100% SLC Nondepartmental 800,000.00 1,000,000.00 200,000.00 20% Total CITY 1,970,809.31 2,841,164.31 870,355.00 31% CONTRIBUTIONS - Corporate 50,000.00 60,000.00 10,000.00 17% Foundations 30,000.00 80,000.00 50,000.00 63% In-Kind 70,000.00 220,000.00 0% Contribution from Fund Balance 45,365.00 116,500.00 71,135.00 Individuals 8,700.00 6,500.00 (2,200.00) -34% Total CONTRIBUTIONS 204,065.00 483,000.00 278,935.00 58% EARNED INCOME - Total Beverage Sales 28,000.00 29,000.00 1,000.00 3% Commissions 3,200.00 6,000.00 2,800.00 47% Merchandise Sales - - - 0% Rental Fees 3,000.00 3,000.00 0% Ticket Fees 8,450.00 6,000.00 (2,450.00) -41% Ticket Sales 30,000.00 30,000.00 0% Vendor Fees 13,200.00 13,200.00 - 0% Total EARNED INCOME 85,850.00 87,200.00 1,350.00 2% GOVERNMENT GRANTS - County 125,800.00 200,000.00 74,200.00 37% Federal 50,000.00 40,000.00 (10,000.00) -25% State 50,400.00 56,000.00 5,600.00 10% Total GOVERNMENT GRANTS 226,200.00 296,000.00 69,800.00 24% OTHER REVENUE - Interest 30,000.00 30,000.00 100% Miscellaneous Income - - Public Art General - - Total OTHER REVENUE 30,000.00 30,000.00 100% Total REVENUE 2,486,924.31 3,737,364.31 1,250,440.00 33% Page 1 of 2 Expense EXPENSES General&Adminstrative Bank Fees 500.00 700.00 200.00 29% Benfits 1,760.00 1,760.00 - 0% Conference Fees 1,350.00 800.00 (550.00) -69% Contracted Services 283,875.00 650,100.00 366,225.00 56% Credit Card Fees 1,000.00 1,400.00 400.00 29% Dues/Subscriptions/Publications 12,870.00 13,400.00 530.00 4% Employee Screenings 200.00 200.00 - 0% General Insurance 12,750.00 13,050.00 300.00 2% In-Kind SLC Dept DED Expenses 53,805.00 53,805.00 - 0% In-Kind SLC Dept Salaries&Ben 1,117,004.31 1,349,037.00 232,032.69 17% Parking/Mileage 1,600.00 1,600.00 - 0% Travel - 36,000.00 36,000.00 100% Utilities 8,500.00 12,000.00 3,500.00 29% Total General&Adminstrative 1,495,214.31 2,133,852.00 638,637.69 30% Program Expenses - Advertising&Publicity 19,050.00 59,650.00 40,600.00 68% Artist Commissions 2,240.00 4,200.00 1,960.00 47% Beverages Purchased - Alcohol 3,500.00 8,000.00 4,500.00 56% Non Alcohol 5,500.00 5,500.00 - Beverages Purchased-Other - - - Total Beverages Purchased 9,000.00 13,500.00 4,500.00 33% Equipment Rental 140,400.00 170,850.00 30,450.00 18% Food&Beverage 6,900.00 8,150.00 1,250.00 15% Grant Expense - City Arts Grants 382,500.00 500,000.00 117,500.00 24% Grant-OTHER-WAKE 200,000.00 200,000.00 100% Total Grant Expense 382,500.00 700,000.00 317,500.00 45% Graphics/Design Work 9,500.00 9,400.00 (100.00) -1% Honoraria&Artist Fees 87,850.00 115,900.00 28,050.00 24% In-Kind Goods&Services 70,000.00 220,000.00 150,000.00 68% Mailing 600.00 600.00 - 0% Merchandise 2,750.00 3,500.00 750.00 21% Contribution to Fund Balance - - - Miscellaneous Charge 11,500.00 6,000.00 (5,500.00) -92% Payroll Taxes Federal Unemployment Tax - FICA 11,320.00 11,528.00 208.00 2% Total Payroll Taxes 11,320.00 11,528.00 208.00 2% Permits&Licenses 18,750.00 34,530.00 15,780.00 46% Postage 2,400.00 2,400.00 - 0% Printing 18,550.00 20,200.00 1,650.00 8% Salaries&Wages 141,500.00 145,150.00 3,650.00 3% Security 41,000.00 56,000.00 15,000.00 27% Supplies 15,400.00 12,522.31 (2,877.69) -23% Unemployment 500.00 1,000.00 500.00 50% Reconciliation Discrepancies - Total Program Expenses 991,710.00 1,595,080.31 603,370.31 38% Total EXPENSES 2,486,924.31 3,728,932.31 1,242,008.00 33% Net Ordinary Income 8,432.00 (8,432.00) -100% Beginning Fund Balance 762,758.00 TBD Net Position 717,393.00 TBD Page 2 of 2 PROPOSED AMENDED BUDGET FISCAL YEAR 2023-2024 511512024 W =W City Arts General& Visual Arts Art Barn Busker Grants Administration Mondays LTFestival Outreach Public Art Program Wake the GSL Twilight Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 53,805.00 In-Kind SLC Dept Salaries&Ben 41,425.52 13,376.29 113,237.59 227,687.38 18,971.72 121,182.89 155,627.50 215,699.89 107,820.99 84,500.00 46,758.61 SLC Nondepartmental 10,000.00 50,000.00 382,500.00 26,192.00 240,516.00 5,000.00 5,000.00 20,792.00 60,000.00 Total CITY 51,425.52 63,376.29 495,737.59 281,492.38 45,163.72 361,698.89 160,627.50 220,699.89 128,612.99 84,500.00 106,758.61 CONTRIBUTIONS Corporate 55,000.00 Foundations 25,000.00 5,000.00 In-Kind 70,000.00 Contribution from Fund Balance 250.00 2,324.70 25,892.00 43,100.00 7,832.00 Individuals 2,500.00 5,660.00 Total CONTRIBUTIONS 250.00 2,324.70 178,392.00 43,100.00 18,492.00 EARNED INCOME Beverage Sales Alcohol 28,000.00 Non Alcohol Total Beverage Sales - 28,000.00 - Commissions Rental Fees 3,000.00 Ticket Fees 8,450.00 Ticket Sales 30,000.00 Vendor Fees 13,200.00 Total EARNED INCOME 3,000.00 - - - 41,200.00 18,500.00 38,450.00 GOVERNMENT GRANTS County 6,348.00 4,308.00 2,908.00 77,508.00 1,254.00 23,509.00 2,165.00 12,000.00 Federal 40,000.00 State 1,512.00 7,492.00 3,692.00 17,160.00 504.00 20,608.00 1,000.00 2,016.00 2,016.00 Total GOVERNMENT GRANTS 7,860.00 11,800.00 6,600.00 94,668.00 1,758.00 84,117.00 1,000.00 4,181.00 14,016.00 OTHER REVENUE Interest Income Miscellaneous Income 400.00 Total OTHER REVENUE - - - - - 400.00 Total REVENUE 62,285.52 75,176.29 502,587.59 378,485.08 46,921.72 665,407.89 161,627.50 220,699.89 151,293.99 127,600.00 178,116.61 CUSKer/Crown UtY Arts General& visual Arts Art Barn Bag Grants Administration Mondays LTFestival Outreach Public Art Program Twilight Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget EXPENSES General&Adminstrative Bank Fees 100.00 650.00 Benefits 420.00 1,200.00 Conference Fees 1,350.00 Contracted Services 5,740.00 60,300.00 500.00- 55,150.00 750.00 1,250.00 9,123.00 39,500.00 130,000.00 Credit Card Fees 1,400.00 Dues/Subscriptions/Publications 300.00 200.00 Employee Screenings 200.00 General Insurance 8,750.00 In-Kind SLC Dept DIED Expenses 53,805.00 In-Kind SLC Dept Salaries&Ben 41,425.52 13,376.29 113,237.59 227,687.38 18,971.72 121,182.89 155,627.50 215,699.89 107,820.99 84,500.00 46,758.61 Parking/Mileage 1,500.00 100.00 1,500.00 533.00 Travel Utilities 11,750.00 Total General&Adminstrative 58,915.52 75,176.29 113,837.59 327,595.08 18,971.72 179,032.89 156,377.50 216,949.89 117,243.99 124,200.00 177,291.61 Program Expenses Advertising&Publicity 250.00 950.00 150.00 13,500.00 250.00 1,750.00 2,650.00 700.00 Artist Commissions Beverages Purchased Alcohol Non Alcohol 5,500.00 Total Beverages Purchased - - - 13,500.00 - - - - Equipment Rental 600.00 14,000.00- Food&Beverage 350.00 3,000.00 2,500.00 250.00 400.00 400.00 450.00 Grant Expense Ariist in the Classroom 21,000.00 General Support 213,000.00 Project Support Round 1 73,150.00 Project Support Round 2 75,350.00 Artist Career Empowerment NEA Grant Funds Total Grant Expense 382,500.00 - - - - - - Graphics/Design Work 500.00 8,000.00 1,000.00 Honoraria&Artist Fees 10,000.00 62,805.00 3,250.00 - 4,350.00 450.00 In-Kind Goods&Services 70,000.00 Mailing 600.00 Merchandise Purchase 2,750.00 Miscellaneous Charge 1,300.00 Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 120.00 2,440.00 200.00 7,320.00 400.00 100.00 50.00 Total Payroll Taxes 120.00 2,440.00 200.00 7,320.00 - - 400.00 100.00 50.00 Permits&Licenses 18,750.00 Postage 200.00 2,200.00 Printing 600.00 400.00 12,250.00 500.00 500.00 4,300.00 125.00 Salaries&Wages 1,500.00 2,500.00 91,500.00 5,000.00 1,000.00 700.00 Security 1,000.00 - 40,000.00 Supplies 750.00 5,650.00 1,600.00 200.00 5,500.00 1,000.00 100.00 1,200.00 575.00 75.00 Unemployment Total Program Expenses 3,370.00 - 388,750.00 50,890.00 27,950.00 486,375.00 5,250.00 3,750.00 34,050.00 3,400.00 825.00 Total EXPENSES 62,285.52 75,176.29 502,587.59 378,485.08 46,921.72 665,407.89 161,627.50 220,699.89 151,293.99 127,600.00 178,116.61 Net Income FUND BALANCE NET POSITION TOTAL Budget 53,805.00 1,146,288.39 800,000.00 2,000,093.39 55,000.00 30,000.00 70,000.00 79,398.70 8,160.00 242,558.70 28,000.00 28,000.00 18,500.00 3,000.00 8,450.00 30,000.00 13,200.00 101,150.00 130,000.00 40,000.00 56,000.00 226,000.00 28,500.00 400.00 28,900.00 2,598,702.09 TOTAL Budget 750.00 1,620.00 1,350.00 321,513.00 1,400.00 14,532.70 200.00 8,750.00 53,805.00 1,146,288.39 3,633.00 11,750.00 1,565,592.09 20,200.00 12,950.00 8,000.00 5,500.00 13,500.00 152,600.00 7,350.00 21,000.00 213,000.00 73,150.00 75,350.00 382,500.00 9,500.00 80,855.00 70,000.00 600.00 2,750.00 1,300.00 10,630.00 10,630.00 18,750.00 2,400.00 18,675.00 132,700.00 41,000.00 16,650.00 9,700.00 1,004,610.00 2,570,202.09 28,500.00 762,758.00 711,859.30 Salt Lake Arts Council Foundation FY24 Proposed Amendment Ordinary Income/Expense FY24 APPROVED FY24 BUDGET PROPOSED $VARIANCE %VARIANCE Income AMENDMENT REVENUE CITY In-Kind SLC Dept DED Exp. 53,805.00 53,805.00 - 0% In-Kind SLC Dept Salaries&Ben 1,117,004.31 1,146,288.39 29,284.08 3% Contribution from Bloomberg - - - SLC Nondepartmental 800,000.00 800,000.00 - 0% Total CITY 1,970,809.31 2,000,093.39 29,284.08 1% CONTRIBUTIONS - Corporate 50,000.00 55,000.00 5,000.00 9% Foundations 30,000.00 30,000.00 - 0% In-Kind 70,000.00 70,000.00 0% Contribution from Fund Balance 45,365.00 79,398.70 34,033.70 Individuals 8,700.00 8,160.00 (540.00) -7% Total CONTRIBUTIONS 204,065.00 242,558.70 38,493.70 16% EARNED INCOME - Total Beverage Sales 28,000.00 28,000.00 - 0% Commissions 3,200.00 18,500.00 15,300.00 83% Merchandise Sales - - - 0% Rental Fees 3,000.00 3,000.00 0% Ticket Fees 8,450.00 8,450.00 0% Ticket Sales 30,000.00 30,000.00 0% Vendor Fees 13,200.00 13,200.00 - 0% Total EARNED INCOME 85,850.00 101,150.00 15,300.00 15% GOVERNMENT GRANTS - County 125,800.00 130,000.00 4,200.00 3% Federal 50,000.00 40,000.00 (10,000.00) -25% State 50,400.00 56,000.00 5,600.00 10% Total GOVERNMENT GRANTS 226,200.00 226,000.00 (200.00) 0% OTHER REVENUE - Interest 28,500.00 28,500.00 100% Miscellaneous Income - 400.00 400.00 100% Public Art General - - Total OTHER REVENUE 28,900.00 28,900.00 100% Total REVENUE 2,486,924.31 2,598,702.09 111,777.78 4% Page 1 of 2 Expense EXPENSES General&Adminstrative Bank Fees 500.00 750.00 250.00 33% Benfits 1,760.00 1,620.00 (140.00) -9% Conference Fees 1,350.00 1,350.00 - 0% Contracted Services 283,875.00 321,513.00 37,638.00 12% Credit Card Fees 1,000.00 1,400.00 400.00 29% Dues/Subscriptions/Publications 12,870.00 14,532.70 1,662.70 11% Employee Screenings 200.00 200.00 - 0% General Insurance 12,750.00 8,750.00 (4,000.00) -46% In-Kind SLC Dept DED Expenses 53,805.00 53,805.00 - 0% In-Kind SLC Dept Salaries&Ben 1,117,004.31 1,146,288.39 29,284.08 3% Parking/Mileage 1,600.00 3,633.00 2,033.00 56% Travel - - - Utilities 8,500.00 11,750.00 3,250.00 28% Total General&Adminstrative 1,495,214.31 1,565,592.09 70,377.78 4% Program Expenses - Advertising&Publicity 19,050.00 20,200.00 1,150.00 6% Artist Commissions 2,240.00 12,950.00 10,710.00 83% Beverages Purchased - Alcohol 3,500.00 8,000.00 4,500.00 56% Non Alcohol 5,500.00 5,500.00 - Beverages Purchased-Other - - - Total Beverages Purchased 9,000.00 13,500.00 4,500.00 33% Equipment Rental 140,400.00 152,600.00 12,200.00 8% Food&Beverage 6,900.00 7,350.00 450.00 6% Grant Expense - City Arts Grants 382,500.00 382,500.00 0% Grant-OTHER-WAKE - Total Grant Expense 382,500.00 382,500.00 0% Graphics/Design Work 9,500.00 9,500.00 0% Honoraria&Artist Fees 87,850.00 80,855.00 (6,995.00) -9% In-Kind Goods&Services 70,000.00 70,000.00 0% Mailing 600.00 600.00 0% Merchandise 2,750.00 2,750.00 0% Contribution to Fund Balance - - Miscellaneous Charge 11,500.00 1,300.00 (10,200.00) -785% Payroll Taxes Federal Unemployment Tax - FICA 11,320.00 11,528.00 208.00 2% Total Payroll Taxes 11,320.00 10,630.00 (690.00) -6% Permits&Licenses 18,750.00 18,750.00 0% Postage 2,400.00 2,400.00 - 0% Printing 18,550.00 18,675.00 125.00 1% Salaries&Wages 141,500.00 132,700.00 (8,800.00) -7% Security 41,000.00 41,000.00 - 0% Supplies 15,400.00 16,650.00 1,250.00 8% Unemployment 500.00 9,700.00 9,200.00 95% Reconciliation Discrepancies - Total Program Expenses 991,710.00 1,004,610.00 12,900.00 1% Total EXPENSES 2,486,924.31 2,570,202.09 83,277.78 3% Net Ordinary Income 28,500.00 (28,500.00) -100% Beginning Fund Balance 762,758.00 TBD Net Position 717,393.00 TBD Page 2 of 2 FY25 City Arts Grants FY25 City Arts Grants Budget Overview to Date (NON-DEPARTMENTAL) Total FY25 Funds Available $382,500.00 CATEGORY TOTAL REQUESTED FINAL ALLOCATION General Support TBD Project Support Round 1 TBD Project Support Round 2 TBD Artist Career Empowerment-Tier 2 TBD Artist-in-the-Classroom I $24,000.00 $217000.00 TOTAL I $24,000.00 $21,000.00 Difference $361,500.00 1. Artist in the Classroom is the first grant program in the cycle each year. 2. The Mayor's recommended budget contains an increase to the City Arts Grants budget to $500,000, but we will not receive confirmation on this increase until June 2024. GRANT RECOMMENDATIONS • - ; - • - • • "Owl ARTIST/ORGANIZATION & ELEMENTARY SCHOOL AVG SCORE AWARD Tanner Dance at Ensign Elementary PTA 95 $3,000 Salt Lake Ca oeira at Rose Park Elementary 93 $3,000 Tanner Dance at Uintah Elementary School 90 $3,000 Plan-B Theatre Company at Guadalupe School 88 $3,000 Bad Dog Arts at Mountain View Elementa 83 $3,000 Wachira Wai wa-Stone at Wasatch Elementary 80 $3,000 Tori Meyer & Ashley Anderson at Escalante Elementary 75 $3,000 NOTES: • Received 8 eligible requests totaling $24,000; • One new artists applied in this category; • Three of the schools are located in districts 1 or 2; • Applicants are scored on areas of Artist Qualifications, Residency Description, Arts Instruction, and Team Approach. -d -q Organization /Artist Score Category Anna Redding / Beacon Heights Elementary 53 Artist in the Classroom 1 FY25 City Arts Grants CITY ARTS GRANTS FY25 ARTIST IN THE CLASSROOM Grants Committee Recommendations Total Applicants 8 Applicants Recommended for funding 7 Total Amount Recommended: $21,000 Plan-B Theatre Company/ Guadalupe School Amount Recommended $3,000 Project Summary: Plan-B Theatre teaching artists will introduce Guadalupe School sixth graders to theatre, specifically playwriting. Student cooperation and collaboration skills will be strengthened through teamwork and storytelling games. Mountain View Elementary/Bad Dog Arts Amount Recommended $3,000 Project Summary: We aim to educate students about the cultural richness that surrounds them through the use of fine arts. This year, with the merging of the elementary schools in the district, the arts will be key to integrating incoming children and families and strengthening those already present in the community. Victoria Lyons of Bad Dog Art will work with K-2 students for 45 minutes at a time for 10 weeks. This project will culminate in the creation of wall hangings to be displayed in a gallery stroll for students, families, and community members to view. Salt Lake Capoeira/ Rose Park Elementary Amount Recommended $3,000 Project Summary: Capoeira began when the Africans who were taken to Brazil and enslaved, trained to fight while disguising it as a dance. This "dance-like fight" incorporates movement, music, culture, and history. 45 3rd graders will experience 6 sessions of capoeira (45 minutes each) over 6 weeks. The residency will culminate with a 25-minute school-wide assembly where the 45 students will showcase what they've learned for their peers and their family members (who will be invited to attend) by performing: Ensign Elementary PTA/Tanner Dance Amount Recommended $3,000 Project Summary: Each semester with Tanner Dance is 14 weeks with a week prior to the start date reserved for classroom teachers to meet with their dance specialist to discuss academic concepts for integration. After planning, students will have weekly classes for 45 minutes with a dance specialist, an accompanist, and the classroom teacher side-by-side. The schedule for lessons is determined by the School Improvement Council (SIC). Uintah Elementary School /Tanner Dance Amount Recommended $3,000 Project Summary: Uintah Elementary is proposing to work with Tanner Dance who will provide an integrated dance program taught weekly in 9 -10 week sessions in a trimester format to our kindergarten, first, second and fourth grade classes. During their trimester, each class will participate in 45- minute dance lessons located in the gym and accompanied by a pianist provided by Tanner Dance. The dance classes are intended to begin in the fall for the second-grade classes and one of the fourth-grade classes. The mid-semester session will run during the winter months for first graders and the other fourth grade class. 2 FY25 City Arts Grants Escalante Elementary/Tori Meyer&Ashley Anderson Amount Recommended $3,000 Project Summary: Using the gymnasium and music room at Escalante, students will investigate the core curriculum individually, in small groups, and as a full class. They will have the opportunity to use dance strategies to model their understanding of ideas, creatively problem-solve, and share their unique contributions as movers to the classroom. Wasatch Elementary/Wachira Waigwa-Stone Amount Recommended $3,000 Project Summary: Waigwa-Stone will teach 3rd and 4th graders note values (whole note, half, quarter, eighth), basic technique for hand drumming, drumming with sticks, names and origins of different drums, and common rhythms from different cultures. Students will explore `found' percussion, and make music with household objects. UNFUNDED REQUESTS Anna Redding / Beacon Heights Elementary Amount Recommended $0 Project Summary: Visual art teacher, Kate Worley, and ceramic artist, Anna Reding will work together with the sixth- grade classes at Beacon Heights to create two wheel-thrown projects. Each class has approximately 25-30 students. The ceramic projects will be utilitarian in nature but also employ the students' creativity and personal interests in their design. 3 Whistleblower Protection Policy Salt Lake City Arts Council requires directors, officers, board members and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. As employees and representatives of the Salt Lake City Arts Council, we must practice honesty and integrity in fulfilling our responsibilities and comply with all applicable laws and regulations. Reporting Responsibility This Whistleblower Policy is intended to encourage and enable employees and others to raise serious concerns internally so that the Salt Lake City Arts Council can address and correct inappropriate conduct and actions. It is the responsibility of all board members, officers, employees and volunteers to report concerns about violations of Salt Lake City Arts Council's code of ethics or suspected violations of law or regulations that govern Salt Lake City Arts Council's operations. No Retaliation It is contrary to the values of Salt Lake City Arts Council for anyone to retaliate against any board member, officer, employee or volunteer who in good faith reports an ethics violation, or a suspected violation of law, such as a complaint of discrimination, or suspected fraud, or suspected violation of any regulation governing the operations of the Salt Lake City Arts Council.An employee who retaliates against someone who has reported a violation in good faith is subject to discipline up to and including termination of employment. Reporting Procedure The Salt Lake City Arts Council has an open door policy and suggests that employees share their questions, concerns, suggestions or complaints with their supervisor. If you are not comfortable speaking with your supervisor or you are not satisfied with your supervisor's response, you are encouraged to speak with the Salt Lake City Arts Council's Board Chair. Supervisors and managers are required to report complaints or concerns about suspected ethical and legal violations in writing to the Board Chair, who has the responsibility to investigate all reported complaints. Employees with concerns or complaints may also submit their concerns in writing directly to their supervisor or the Board Chair. Board Chair The Salt Lake City's Board Chair is responsible for ensuring that all complaints about unethical or illegal conduct are investigated and resolved. They will advise the Executive Leadership team and/or the Board of Directors of all complaints and their resolution and will report at least annually to the Arts Council Board Treasurer on compliance activity relating to accounting or alleged financial improprieties. Accounting and Auditing Matters The Salt Lake City Arts Council Board Chair shall immediately notify the Board Treasurer of any concerns or complaint regarding corporate accounting practices, internal controls or auditing and work with the committee until the matter is resolved. Acting in Good Faith Anyone filing a written complaint concerning a violation or suspected violation must be acting in good faith and have reasonable grounds for believing the information disclosed indicates a violation. Any allegations that prove not to be substantiated and which prove to have been made maliciously or knowingly to be false will be viewed as a serious disciplinary offense. Confidentiality Violations or suspected violations may be submitted on a confidential basis by the complainant. Reports of violations or suspected violations will be kept confidential to the extent possible, consistent with the need to conduct an adequate investigation. Handling of Reported Violations The Salt Lake City Arts Council Board Chair will notify the person who submitted a complaint and acknowledge receipt of the reported violation or suspected violation. All reports will be promptly investigated. If violations are confirmed, the Treasurer and/or Board Chair will be responsible to report this information to Salt Lake City Corporation in the interest of the governmental non-profit relationship. Reports should be made to the Director of Economic Department (or respective parent Department at the time). Salt Lake City Arts Council Policy approved by the Board of Directors on {Date}. Copyright©2010 National Council of Nonprofits This information is for educational and informational purposes only and should not be considered legal or other professional advice for specific matters. Prior to adopting this sample document for their own use, nonprofits should seek the advice of their own professional advisors. SALT LAKE CITY HOUSING OVERVIEW ruedigar matthes // may 15, 2024 HOUSING SLC FtiOU ING SL • State mandated moderate income housing plan • Community-driven • 3 goals • Increase housing stock • Increase housing stability - • Increase ownership = �= ��� _� F • 18 moderate income housingstrategies - - _ 4� +, � �E =ter..- ..LopJ -•1 711 7A • L4 _ _ ■III■■+ .,., ... �� • 44 action items x�-- �■ ±_■ r1V1 J J' 7 J ■■■ � ■it � - • Over five years Lp r - 7 } 4 t� • " Moderate income" means 80% AMI or less - 1 r p. P F � ■ IMPLEMENTATION • Demonstrate investment in the rehabilitation of existing uninhabitable housing stock • Increase funding • Adaptive reuse ordinance • Zone or rezone for higher density or moderate-income residential development • Ballpark zoning updates underway • Demonstrate creation of, or participation in, a community land trust program • Expand CLT program • Establish a Community/ Tenant Opportunity to Purchase policy MORE IMPLEMENTATION • Demonstrate utilization of a moderate income housing set aside from a redevelopment agency • $17.7 M committed this year • Demonstrate implementation of any other program or strategy to address the housing needs of residents. . .who earn less than 80% of the area median income • Expand workforce, artist, and essential worker housing, up to 125% AMI, so that these populations can live in the city in which they serve • Support community and grassroots organizations that provide displacement assistance, tenant organizing, tenant mutual aid, legal services, and other resources/efforts that help tenants • Develop a tenant advocate pilot program to help tenants understand their legal obligations and rights, inspect units, and connect with other resources • Adopt a Displaced Tenants Preference Policy • Create apublic-facing rental database that includes information on accessibility, rent amounts, unit conditions, etc. The Future of Housing: A Collective Vision for an Equitable Salt lake City OF THRIVING IN PLACE • Phase 1 - Listening and learning or • Community-driven process - • Surveys, focus groups, student activities, etc. • Needed the community to support the efforts • Data analysis and mapping THRIVING • Phase 2 - Synthesis and planning in PLACE • Iterative process with City and community input SALT LAKE CITY ' S • Develop policies, programs, etc. to implement • 2-year action plan ANTI = DISPLACEMENT • Council adoption with broad community support STRATEGY IMPLEMENTATION affordable Housing Incentives -4 ommunity Benefit Policy Tenant Resource Center and Navigation Service Relocation Assistance Funding for Tenants ACTIONTWOMYEAR ACTION PLAN • . • ..' COMMIT �& s • 4A Develop New Funding / leverage Existing Funds City Implementation Team (5A) Time from Existing Staff Evaluate/prioritize options by Dec 2023; implement 2024/25 n 5A Form City Implementation Team Community and Neighborhoods (CAN) Time from Existing Staff Form by June 2023 5B Work with Partners to Create Regional Coalition City Implementation Team (5A) Time from Existing Staff First meeting fourth quarter of 2023 5C Launch Ongoing Community Partnership CAN w/Mayor's Office+Civic Engmt. Time from Existing Staff+$$ Launch by Dec 2023 SUPPORTTENANT 1A Develop Temmt Relocation Assistance Program Housing Stability Division, CAN Time from Existing Staff+$ Launch by Dec 2023 1B Adopt a Displaced Tenants Preference Policy Community and Neighborhoods (CAN) Time from Existing Staff Design and adopt policy by March 2024 ,^v l..L 1C Improve/Expand Tenant Resources and Services Housing Stability Division, CAN Time from Existing Staff+ $$$ Update materials/trainings+ improve legal services by July 2024 1D Create a Tenant Resource Ctr.+ Navigation Service Housing Stability Division, CAN Time from Existing Staff+$ Launch by March 2024 lE Help Tenants Become Owners Redevelopment Agency (RDA) Time from Existing Staff+ $$$$ Identify shared equity housing priorities by March 2024 B Acquire and Rehabilitate Unsubsidized Housing Redevelopment Agency (RDA) Time from Existing Staff+$$$$ Ongoing,; identify priorities and issue NOFAs at least annually C Invest in Community Land Trusts Housing Stability Division, CAN Time from Existing Staff+ $ Adopt CLT legislative policy by Dec 2023 0 ,B Make ADUs Easier and Less Expensive to Build Planning Division, CAN Time from Existing Staff+$/$$ Updated ADU ordinance adopted in Q1 2023; other work continues rUt,�Iizepublicly Owned Property Redevelopment Agency (RDA) Time from Existing Staff + $ Ongoing,with initial priorities identified by June 2024 FANnDISPLACEMENT POUCY TEAM 2A Develop and Adopt a Community Benefit Policy Community and Neighborhoods (CAN) Consultant Support/$ Develop and adopt by Dec 2024, including, code updates r--f .A Adopt the Affordable Housing Incentives Policy Planning Division, CAN Support for implementation Anticipate adoption by June 2024 ^�^ 4B Define Indicators+Develop Data Systems Housing Stability Division, CAN Consultant Support/$ Develop systems and launch initial reporting by March 2024 CONSTRAINTS • State law prevents rent control • State law sets tenant-landlord law (incl . evictions) • State law prevents mandatory inclusionary zoning • Funding/staff capacity • Regional nature of housing / geographic limitations QUESTIONS