HomeMy WebLinkAbout09/17/2025 - Meeting Materials VVa ke
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SALT LA K E
CITY * Bloomberg PUBLIC A R T
AIMPhilanthropies CHALLENGE
wakegsl.org
art, hope , and action -7
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Great Salt Lake
Temporary Public Art Projects
12 Local Activations
1 Signature Commission
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• Kellie Bornhoft • Valene Peratrovich
• Han Calder, Nick • Mestizo Institute of
Carpenter, & Ben Doxey Culture & Art
• Trevor Dahl • Of Salt and Sand
• Nick Pedersen • Plan-B Theatre
• Mitsu Salmon • Spy Hop Productions
• Stefan Lesueur • Utah Museum of
Contemporary Art
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SALT LA K E
CITY * Bloomberg PUBLIC A R T
AIMPhilanthropies CHALLENGE
wakegsl.org
Salt Lake Arts Council Foundation
Profit & Loss Budget vs. Actual
July through August 2025
TOT
JulAugJul-Aug 25
Ordinary Income/Expense
Income
REVENUE
CITY
In-Kind SLC Dept DED Exp. 0.00 0.00 0.00
In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00
SLC Nondepartmental 0.00 0.00 0.00
Total CITY 0.00 0.00 0.00
CONTRIBUTIONS
Corporate 10,000.00 5,000.00 15,000.00
Foundations 925,690.33 0.00 925,690.33
In-Kind 0.00 0.00 0.00
Individuals 0.00 0.00 0.00
Total CONTRIBUTIONS 935,690.33 5,000.00 940,690.33
EARNED INCOME
Beverage Sales
Alcohol 0.00 0.00 0.00
Total Beverage Sales 0.00 0.00 0.00
Commissions 7,713.75 0.00 7,713.75
Other Fees 0.00 0.00 0.00
Rental Fees 0.00 800.00 800.00
Ticket Sales 0.00 0.00 0.00
Vendor Fees 0.00 0.00 0.00
Total EARNED INCOME 7,713.75 800.00 8,513.75
GOVERNMENT GRANTS
County 17,942.00 17,942.00 35,884.00
Federal 0.00 30,000.00 30,000.00
State 0.00 0.00 0.00
Total GOVERNMENT GRANTS 17,942.00 47,942.00 65,884.00
OTHER REVENUE
Interest 3,680.40 0.00 3,680.40
Miscellaneous Income 1,000.00 0.00 1,000.00
Total OTHER REVENUE 4,680.40 0.00 4,680.40
Total REVENUE 966,026.48 53,742.00 1,019,768.48
Total Income 966,026.48 53,742.00 1,019,768.48
Gross Profit 966,026.48 53,742.00 1,019,768.48
Expense
EXPENSES
Page 1 of 6
TOT
JulAugJul-Aug 25
General&Adminstrative
Bank Fees 36.17 47.34 83.51
Benefits 86.00 107.50 193.50
Conference Fees 0.00 0.00 0.00
Contracted Services 43,310.00 40,695.50 84,005.50
Credit Card Fees 104.75 173.07 277.82
Dues/Subscriptions/Publications 780.86 418.24 1,199.10
Employee Screenings 0.00 0.00 0.00
General Insurance 327.69 327.69 655.38
In-Kind SLC Dept DED Expenses 0.00 0.00 0.00
In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00
Parking/Mileage 20.00 17.25 37.25
Travel 0.00 10.00 10.00
Utilities 719.79 304.33 1,024.12
Total General&Adminstrative 45,385.26 42,100.92 87,486.18
Program Expenses
Advertising&Publicity 832.41 1,748.58 2,580.99
Artist Commissions 0.00 5,565.00 5,565.00
Beverages Purchased
Alcohol 0.00 0.00 0.00
Non Alcohol 0.00 0.00 0.00
Total Beverages Purchased 0.00 0.00 0.00
Equipment Rental 2,403.33 12,224.83 14,628.16
Food&Beverage -29.86 333.85 303.99
Grant Expense
Artist in the Classroom 0.00 0.00 0.00
General Support 0.00 0.00 0.00
Project Support 0.00 0.00 0.00
Total Grant Expense 0.00 0.00 0.00
Graphics/Design Work 0.00 0.00 0.00
Honoraria&Artist Fees 5,325.00 214,675.00 220,000.00
In-Kind Goods&Services 0.00 0.00 0.00
Mailing 83.13 0.00 83.13
Merchandise 0.00 0.00 0.00
Miscellaneous Charge 0.00 0.00 0.00
Payroll Taxes
Federal Unemployment Tax 3.77 3.26 7.03
FICA 408.16 389.99 798.15
Payroll Taxes-Other 0.00 0.00 0.00
Total Payroll Taxes 411.93 393.25 805.18
Permits&Licenses 0.00 0.00 0.00
Postage 0.00 0.00 0.00
Page 2 of 6
TOT
JulAugJul-Aug 25
Printing 901.22 137.98 1,039.20
Salaries&Wages 5,335.38 5,097.88 10,433.26
Security 0.00 0.00 0.00
Supplies 6,589.76 345.88 6,935.64
Unemployment 0.00 78.08 78.08
Total Program Expenses 21,852.30 240,600.33 262,452.63
Total EXPENSES 67,237.56 282,701.25 349,938.81
Payroll Expenses 0.00 0.00 0.00
Total Expense 67,237.56 282,701.25 349,938.81
Net Ordinary Income 898,788.92 -228,959.25 669,829.67
Net Income 898,788.92 -228,959.25 669,829.67
Page 3 of 6
Salt Lake Arts Council Foundation 2:03 PM
Profit & Loss Budget vs. Actual 09/05/2025
July through August 2025 Accrual Basis
'AL
Budget
Ordinary Income/Expense
Income
REVENUE
CITY
In-Kind SLC Dept DED Exp. 53,805.00
In-Kind SLC Dept Salaries&Ben 1,306,787.01
SLC Nondepartmental 1,025,000.00
Total CITY 2,385,592.01
CONTRIBUTIONS
Corporate 50,000.00
Foundations 504,590.00
In-Kind 165,000.00
Individuals 6,300.00
Total CONTRIBUTIONS 725,890.00
EARNED INCOME
Beverage Sales
Alcohol 29,000.00
Total Beverage Sales 29,000.00
Commissions 5,500.00
Other Fees 8,600.00
Rental Fees 3,500.00
Ticket Sales 30,000.00
Vendor Fees 14,000.00
Total EARNED INCOME 90,600.00
GOVERNMENT GRANTS
County 200,000.00
Federal 30,000.00
State 42,560.00
Total GOVERNMENT GRANTS 272,560.00
OTHER REVENUE
Interest 30,000.00
Miscellaneous Income
Total OTHER REVENUE 30,000.00
Total REVENUE 3,504,642.01
Total Income 3,504,642.01
Gross Profit 3,504,642.01
Expense
EXPENSES
Page 4 of 6
AL
Budget
General&Adminstrative
Bank Fees 700.00
Benefits 1,795.00
Conference Fees 500.00
Contracted Services 805,921.00
Credit Card Fees 1,600.00
Dues/Subscriptions/Publications 13,800.00
Employee Screenings 500.00
General Insurance 9,700.00
In-Kind SLC Dept DED Expenses 53,805.00
In-Kind SLC Dept Salaries&Ben 1,306,787.01
Parking/Mileage 1,800.00
Travel 1,000.00
Utilities 10,000.00
Total General&Adminstrative 2,207,908.01
Program Expenses
Advertising&Publicity 56,473.00
Artist Commissions 3,850.00
Beverages Purchased
Alcohol 8,000.00
Non Alcohol 5,500.00
Total Beverages Purchased 13,500.00
Equipment Rental 171,750.00
Food&Beverage 8,250.00
Grant Expense
Artist in the Classroom 21,000.00
General Support 333,000.00
Project Support 146,000.00
Total Grant Expense 500,000.00
Graphics/Design Work 9,400.00
Honoraria&Artist Fees 119,850.00
In-Kind Goods&Services 165,000.00
Mailing 700.00
Merchandise 3,500.00
Miscellaneous Charge 6,349.00
Payroll Taxes
Federal Unemployment Tax
FICA
Payroll Taxes-Other 11,260.00
Total Payroll Taxes 11,260.00
Permits&Licenses 37,030.00
Postage 2,400.00
Page 5 of 6
'AL
Budget
Printing 22,900.00
Salaries&Wages 143,665.00
Security 56,250.00
Supplies 19,984.00
Unemployment 5,000.00
Total Program Expenses 1,357,111.00
Total EXPENSES 3,565,019.01
Payroll Expenses
Total Expense 3,565,019.01
Net Ordinary Income -60,377.00
Net Income -60,377.00
Page 6 of 6
FY26 ADOPTED
FISCAL YEAR 2025-2026
City Arts General&
Art Barn Busker Grants Administration
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 49,686.02 16,043.61 135,817.83 273,089.58
Contrbution from Bloomberg
SLC Nondepartmental 12,500.00 60,000.00 500,000.00
Total CITY 62,186.02 76,043.61 635,817.83 326,894.58
CONTRIBUTIONS
Corporate
Foundations
In-Kind
Contribution from Fund Balance 1,830.08 6,705.00 520.96
Individuals
Total CONTRIBUTIONS 1,830.08 6,705.00 520.96
EARNED INCOME
Beverage Sales
Alcohol
Non Alcohol
Total Beverage Sales -
Commissions
Rental Fees 3,500.00
Ticket Fees
Ticket Sales
Vendor Fees
Total EARNED INCOME 3,500.00 - -
GOVERNMENT GRANTS
County 6,648.00 2,508.00 103,652.00
Federal
State 1,149.12 5,693.92 1,482.00 14,894.96
Total GOVERNMENT GRANTS 7,797.12 8,201.92 1,482.00 118,546.96
OTHER REVENUE
Interest Income - 400.00 6,016.08
Miscellaneous Income
Total OTHER REVENUE - 400.00 - 6,016.08
Total REVENUE 73,483.14 86,475.61 644,004.83 451,978.58
Busker/Brown City Arts General&
Art Barn Bag Grants Administration
Budget Budget Budget Budget
EXPENSES
General&Adminstrative
Bank Fees 700.00
Benefits 560.00
Conference Fees 500.00
Contracted Services 7,500.00 70,000.00 38,000.00
Credit Card Fees 1,600.00
Dues/Subscriptions/Publications 13,500.00
Employee Screenings 500.00
General Insurance 9,700.00
In-Kind SLC Dept DED Expenses 53,805.00
In-Kind SLC Dept Salaries&Ben 49,686.02 16,043.61 135,817.83 273,089.58
Parking/Mileage 200.00
Travel
Utilities 10,000.00
Total General&Adminstrative 67,186.02 86,743.61 135,817.83 392,154.58
Program Expenses
Advertising&Publicity 250.00 1,000.00
Artist Commissions
Beverages Purchased
Alcohol
Non Alcohol
Total Beverages Purchased - -
Equipment Rental
Food&Beverage 350.00 3,400.00
Grant Expense
Artist in the Classroom 21,000.00
General Support 333,000.00
Project Support Round 1 73,000.00
Project Support Round 2 73,000.00
Wake Grants
NEA Grant Funds
Total Grant Expense 500,000.00
Graphics/Design Work
Honoraria&Artist Fees 1,350.00
In-Kind Goods&Services
Mailing
Merchandise Purchase
Miscellaneous Charge 1,000.00
Payroll Taxes
Federal Unemployment Tax
FICA
Payroll Taxes-Other 160.00 32.00 3,224.00
Total Payroll Taxes 160.00 32.00 3,224.00
Permits&Licenses
Postage 200.00
Printing 1,000.00
Salaries&Wages 2,500.00 400.00 42,000.00
Security 1,250.00
Supplies 1,200.00 6,237.00 3,000.00
Unemployment 5,000.00
Total Program Expenses 5,110.00 432.00 508,187.00 59,824.00
Total EXPENSES 72,296.02 86,475.61 644,004.83 451,978.58
Net Income 1,187.12 - - -
Visual Arts
Mondays LTFestival Outreach Public Art Program Wake the GSL Twilight
Budget Budget Budget Budget Budget Budget Budget
22,754.79 145,347.47 186,660.53 258,711.70 129,321.12 42,250.00 47,104.36
26,192.00 284,916.00 5,000.00 5,000.00 26,392.00 105,000.00
48,946.79 430,263.47 191,660.53 263,711.70 155,713.12 42,250.00 152,104.36
50,000.00 5,000.00
25,000.00 925,690.00 5,000.00
10,000.00 90,000.00 65,000.00
1,320.96 - 29,881.00 25,000.00
2,800.00 3,500.00
11,320.96 167,800.00 1,025,571.00 33,500.00
29,000.00
- 29,000.00 - -
5,500.00
8,600.00
30,000.00
14,000.00
- 43,000.00 - - 5,500.00 38,600.00
1,254.00 77,904.00 1,250.00 1,650.00 3,070.00 2,064.00
30,000.00
683.04 15,362.08 760.00 1,866.00 4,608.88
1,937.04 123,266.08 2,010.00 1,650.00 4,936.00 6,672.88
20,533.92 1,000.00 2,050.00
- 20,533.92 - 1,000.00 2,050.00 -
62,204.79 784,863.47 193,670.53 266,361.70 168,199.12 1,067,821.00 230,877.24
Visual Arts
Mondays LTFestival Outreach Public Art Program Wake the GSL Twilight
Budget Budget Budget Budget Budget Budget
1,200.00 35.00
65,500.00 1,500.00 9,200.00 881,081.00 180,000.00
300.00
22,754.79 145,347.47 186,660.53 258,711.70 129,321.12 42,250.00 47,104.36
1,500.00 100.00
1,000.00 4,881.00
22,754.79 214,547.47 188,160.53 258,711.70 138,821.12 928,247.00 227,204.36
250.00 13,500.00 250.00 1,750.00 2,650.00 42,933.00
3,850.00
8,000.00
5,500.00
- 13,500.00 - - -
15,500.00 156,250.00
3,200.00 500.00 500.00 300.00
400.00 9,000.00
10,000.00 90,000.00 3,100.00 4,000.00 7,900.00 3,500.00
10,000.00 90,000.00 65,000.00
700.00
3,500.00
7,711.00
200.00 6,836.00 428.00 300.00 80.00
200.00 6,836.00 - - 428.00 300.00 80.00
22,030.00 15,000.00
2,200.00
400.00 15,500.00 500.00 1,000.00 4,500.00
2,500.00 86,500.00 5,350.00 3,415.00 1,000.00
- 55,000.00
200.00 5,500.00 1,000.00 400.00 1,500.00 1,715.00
39,450.00 570,316.00 5,350.00 7,650.00 29,378.00 139,574.00 1,080.00
62,204.79 784,863.47 193,510.53 266,361.70 168,199.12 1,067,821.00 228,284.36
- - 160.00 - - 2,592.88
FUND BALANCE
NET POSITION
TOTAL
Budget
53,805.00
1,306,787.00
1,025,000.00
2,385,592.00
55,000.00
955,690.00
165,000.00
65,258.00
6,300.00
1,247,248.00
29,000.00
29,000.00
5,500.00
3,500.00
8,600.00
30,000.00
14,000.00
90,600.00
200,000.00 If this is increased the funds will need to be dispersed to programs.
30,000.00
46,500.00
276,500.00
30,000.00
30,000.00
4,029,940.00
700.00
1,795.00
500.00
1,252,781.00
1,600.00
13,800.00
500.00
9,700.00
53,805.00
1,306,787.00
1,800.00
5,881.00
10,000.00
2,659,649.00
62,583.00
3,850.00
8,000.00
5,500.00
13,500.00
171,750.00
8,250.00
21,000.00
333,000.00
73,000.00
73,000.00
500,000.00
9,400.00
119,850.00
165,000.00
700.00
3,500.00
8,711.00
11,260.00
11,260.00
37,030.00
2,400.00
22,900.00
143,665.00
56,250.00
20,752.00
5,000.00
1,366,351.00
4,026,000.00
3,940.00
1,007,788.50
946,470.50
�0 4-
oF°q* Office of the Public Entity Resolution
ARE U w^ State Treasurer
AS
- .�
1. Certification of Authorized Individuals
I, Matthew Coles (Name) hereby certify that the following are authorized:
to add or delete users to access and/or transact with PTIF accounts; to add, delete, or make changes
to bank accounts tied to PTIF accounts; to open or close PTIF accounts; and to execute any
necessary forms in connection with such changes on behalf of Salt Lake Arts Council Foundation
(Name of Legal Entity). Please list at least two individuals. Each individual must have a unique email.
Name Title Email Signature(s)
Felicia Baca Executive Director felicia.baca@slc.gov F,I B 11, 111T-
Laurel Cannon Alder Deputy Director tau rel.cannonalder@slc.gov
The authority of the named individuals to act on behalf of
(Name of Legal Entity) shall remain in full force and effect until written revocation from
(Name of Legal Entity) is delivered to the Office of the State Treasurer.
2. Signature of Authorization
I, the undersigned, Board Chair (Title) of the above named entity, do hereby certify
that the forgoing is a true copy of a resolution adopted by the governing body for banking and
investments of said entity on the day of , 20 , at which a quorum
was present and voted; that said resolution is now in full force and effect; and that the signatures as
shown above are genuine.
Signature Date Printed Name Title
STATE OF UTAH )
COUNTY OF )
Subscribed and sworn to me on this day of 20 , by
(Name), as (Title) of
(Name of Entity), proved to me on the basis of
satisfactory evidence to be the person(s) who appeared before me.
Signature
(seal)
PTI F Entity Resolution Form_09.09.25
Final Audit Report 2025-09-09
Created: 2025-09-09
By: Wendy Evanoff(wendy.evanoff@slc.gov)
Status: Signed
Transaction ID: CBJCHBCAABAA61JB8xhU2AKHcfVeKATgQTu1HFJPG95s
TTIF Entity Resolution Form_09.09.25" History
Document created by Wendy Evanoff(wendy.evanoff@slc.gov)
2025-09-09-5:21:40 PM GMT
Document emailed to felicia.baca@slc.gov for signature
2025-09-09-5:22:28 PM GMT
Email viewed by felicia.baca@slc.gov
2025-09-09-5:22:35 PM GMT
it Signer felicia.baca@slc.gov entered name at signing as Felicia Baca
2025-09-09-5:27:05 PM GMT
�j Document e-signed by Felicia Baca (felicia.baca@slc.gov)
Signature Date:2025-09-09-5:27:07 PM GMT-Time Source:server
Document emailed to laurel.cannonalder@slc.gov for signature
2025-09-09-5:27:09 PM GMT
Email viewed by laurel.cannonalder@slc.gov
2025-09-09-5:55:44 PM GMT
Signer Iaurel.cannonalder@slc.gov entered name at signing as Laurel Cannon Alder
2025-09-09-5:56:54 PM GMT
is Document e-signed by Laurel Cannon Alder(laurel.cannonalder@slc.gov)
Signature Date:2025-09-09-5:56:56 PM GMT-Time Source:server
® Agreement completed.
2025-09-09-5:56:56 PM GMT
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