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HomeMy WebLinkAbout05/21/2025 - Meeting Materials (10) FY25 BUDGET AMENDMENT FISCAL YEAR 2024-2025 City Ar, General& Visual Arts Grants Administration Mondays LTFestival Outreach Public Art Program Wake the GSL TOTAL Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DIED Exp. In-Kind SLC Dept Salaries&Ben Contribution from Bloomberg (438,322.31) (438,322.31) SLC Nondepartmental Total CITY - (438,322.31) (438,322.31) CONTRIBUTIONS Corporate 5,600.00 (10,000.00) (4,400.00) Foundations - 5,000.00 546,785.00 (5,000.00) 546,785.00 In-Kind 10,816.02 20,000.00 (55,000.00) (24,183.98) Contribution from Fund Balance - - - (8,018.00) (8,018.00) Individuals 50.00 - 300.00 30,250.00 305.00 30,905.00 Total CONTRIBUTIONS 50.00 10,816.02 30,900.00 504,017.00 (4,695.00) 541,088.02 EARNED INCOME Beverage Sales Alcohol - - - - Non Alcohol Total Beverage Sales - Commissions - 680.00 680.00 Rental Fees 2,000.00 - - 2,000.00 Ticket Fees - 1,064.50 1,064.50 Ticket Sales (10,000.00) (10,000.00) Vendor Fees - (1,300.00) - - (1,300.00) Total EARNED INCOME 2,000.00 (1,300.00) 680.00 (8,935.50) (7,555.50) GOVERNMENT GRANTS County - (14,000.00) - (14,000.00) Federal (10,000.00) (10,000.00) State 10,000.00 5,040.00 15,040.00 Total GOVERNMENT GRANTS (14,000.00) 5,040.00 (8,960.00) OTHER REVENUE Interest Income 6,900.00 (8,400.00) - (1,500.00) Miscellaneous Income - 1,000.00 1,000.00 Total OTHER REVENUE - 6,900.00 - (7,400.00) - (500.00) Total REVENUE 2,000.00 6,950.00 10,816.02 8,200.00 680.00 65,694.69 (8,590.50)1 85,750.21 EXPENSES General&Adminstrative Bank Fees Benefits 65.00 65.00 Conference Fees (200.00) - 0 - (200.00) Contracted Services (1,500.00) - 778.00 (50.00) 168,872.00 10,000.00 178,100.00 Credit Card Fees 200.00 - - - 200.00 Dues/Subscriptions/Publications 400.00 400.00 Employee Screenings 300.00 300.00 General Insurance (3,550.00) (3,550.00) In-Kind SLC Dept DIED Expenses In-Kind SLC Dept Salaries&Ben Parking/Mileage 150.00 30.00 180.00 Travel 1,000.00 (18,617.00) - (17,617.00) Utilities (3,000.00) - - - (3,000.00) Total General&Adminstrative (4,500.00) - - (2,850.00) - 1,150.00 - 778.00 (50.00) 150,320.00 10,030.00 154,878.00 Program Expenses Advertising&Publicity (250.00) - 1,222.00 (150.00) (12,221.00) - (11,399.00) Artist Commissions - 476.00 476.00 Beverages Purchased Alcohol - Non Alcohol - - - - - - - - - - -Total Beverages Purchased - Equipment Rental (600.00) 300.00 (3,250.00) - (3,550.00) Food&Beverage (400.00) - 200.00 (250.00) 1,000.00 (150.00) 400.00 Grant Expense - Ariist in the Classroom - - General Support Project Support Round 1 Project Support Round 2 - - - - - - - - - - - - Wake Grants NEA Grant Funds Total Grant Expense Graphics/Design Work Honoraria&Artist Fees (1,300.00) (8,200.00) (400.00) (3,400.00) (1,650.00) (14,950.00) In-Kind Goods&Services 10,816.02 20,000.00 - (55,000.00) (24,183.98) Mailing - - - 75.00 75.00 Merchandise Purchase (300.00) - (300.00) Miscellaneous Charge 300.00 (1,257.00) (957.00) Payroll Taxes Federal Unemployment Tax - - - FICA Payroll Taxes-Other 24.00 32.00 (1,064.00) (40.00) (48.00) (330.00) (40.00) (1,466.00) Total Payroll Taxes 24.00 32.00 (1,064.00) (40.00) (48.00) (330.00) (40.00) (1,466.00) Permits&Licenses Postage - - - - Printing - 800.00 250.00 1,050.00 Salaries&Wages 300.00 (13,300.00) (500.00) - (350.00) (3,935.00) (500.00) (18,285.00) Security 250.00 - - - - 250.00 Supplies 300.00 5,670.00 (100.00) 1,650.00 (500.00) (400.00) 500.00 617.69 7,737.69 Unemployment - - - (2,000.00) - - - - (2,000.00) Total Program Expenses 874.00 32.00 5,420.00 (17,064.00) 9,176.02 10,100.00 (1,150.00) (778.00) (1,047.00) (72,125.31) (540.00) (67,102.29) Total EXPENSES (3,626.00) 32.00 5,420.00 (19,914.00) 9,176.02 11,250.00 (1,150.00) (1,097.00) 78,194.69 9,490.00 87,775.71 Net Income 5,626.00 (32.00) (5,420.00) 26,864.00 1,640.00 (3,050.00) 1,150.00 1,777.00 (12,500.00) (18,080.50) (2,025.50) FUND BALANCE 155,156.00 NET POSITION 176,698.50