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HomeMy WebLinkAbout05/21/2025 - Meeting Materials (11) FY26 PROPOSED FISCAL YEAR 2025-2026 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 DIED Exp. 53,805.00 In-Kind SLC Dept Salaries&Ben 49,686.02 16,043.61 135,817.83 273,089.58 22,754.79 145,347.47 186,660.53 258,711.70 129,321.12 42,250.00 47,104.36 Contrbution from Bloomberg SLC Nondepartmental 12,500.00 60,000.00 500,000.00 26,192.00 284,916.00 5,000.00 5,000.00 26,392.00 105,000.00 Total CITY 62,186.02 76,043.61 635,817.83 326,894.58 48,946.79 430,263.47 191,660.53 263,711.70 155,713.12 42,250.00 152,104.36 CONTRIBUTIONS Corporate 50,000.00 Foundations 25,000.00 474,590.00 5,000.00 In-Kind 90,000.00 65,000.00 Contribution from Fund Balance 1,830.08 6,705.00 1,059.40 1,082.52 - 25,000.00 25,000.00 Individuals 2,500.00 3,500.00 Total CONTRIBUTIONS 1,830.08 6,705.00 1,059.40 1,082.52 167,500.00 564,590.00 33,500.00 EARNED INCOME Beverage Sales Alcohol 29,000.00 Non Alcohol Total Beverage Sales - 29,000.00 - - Commissions 5,500.00 Rental Fees 3,500.00 Ticket Fees 8,600.00 Ticket Sales 30,000.00 Vendor Fees 14,500.00 Total EARNED INCOME 3,500.00 - - - 43,500.00 - - 5,500.00 38,600.00 GOVERNMENT GRANTS County 6,648.00 2,508.00 103,652.00 1,254.00 77,904.00 1,250.00 1,650.00 3,070.00 2,064.00 Federal 30,000.00 State 1,149.12 5,693.92 1,482.00 14,356.52 383.04 15,662.08 760.00 1,532.16 1,541.16 Total GOVERNMENT GRANTS 7,797.12 8,201.92 1,482.00 118,008.52 1,637.04 123,566.08 2,010.00 1,650.00 4,602.16 3,605.16 OTHER REVENUE Interest Income - 400.00 6,016.08 20,533.92 1,000.00 2,050.00 Miscellaneous Income Total OTHER REVENUE - 400.00 - 6,016.08 - 20,533.92 - 1,000.00 2,050.00 - - Total REVENUE 73,483.14 86,475.61 644,004.83 451,978.58 51,666.35 785,363.47 193,670.53 266,361.70 167,865.28 606,840.00 227,809.52 Busker/Brown City Arts General& Visual Arts Art Barn Bag Grants Administration Mondays LTFestival Outreach Public Art Program Wake the GSL Twilight Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget EXPENSES General&Adminstrative Bank Fees 700.00 Benefits 560.00 1,200.00 35.00 Conference Fees 500.00 Contracted Services 7,500.00 70,000.00 38,000.00 65,500.00 1,500.00 9,200.00 434,221.00 180,000.00 Credit Card Fees 1,600.00 Dues/Subscriptions/Publications 13,500.00 300.00 Employee Screenings 500.00 General Insurance 9,700.00 In-Kind SLC Dept DIED Expenses 53,805.00 In-Kind SLC Dept Salaries&Ben 49,686.02 16,043.61 135,817.83 273,089.58 22,754.79 145,347.47 186,660.53 258,711.70 129,321.12 42,250.00 47,104.36 Parking/Mileage 200.00 1,500.00 100.00 Travel 1,000.00 - Utilities 10,000.00 Total General&Adminstrative 67,186.02 86,043.61 135,817.83 392,154.58 22,754.79 214,547.47 188,160.53 258,711.70 138,821.12 476,506.00 227,204.36 Program Expenses Advertising&Publicity 250.00 1,000.00 250.00 13,500.00 250.00 1,750.00 2,650.00 36,823.00 Artist Commissions 3,850.00 Beverages Purchased Alcohol 8,000.00 Non Alcohol 5,500.00 Total Beverages Purchased - - - 14,000.00 - - - Equipment Rental 15,500.00 156,250.00 Food&Beverage 350.00 3,400.00 3,200.00 500.00 500.00 300.00 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 400.00 9,000.00 Honoraria&Artist Fees 1,350.00 10,000.00 90,000.00 3,100.00 4,000.00 7,900.00 3,500.00 In-Kind Goods&Services 90,000.00 65,000.00 Mailing 700.00 Merchandise Purchase 3,500.00 Miscellaneous Charge 1,000.00 5,349.00 Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 160.00 32.00 3,224.00 200.00 6,836.00 428.00 300.00 80.00 Total Payroll Taxes 160.00 32.00 3,224.00 200.00 6,836.00 - - 428.00 300.00 80.00 Permits&Licenses 22,030.00 15,000.00 Postage 200.00 2,200.00 Printing 1,000.00 400.00 15,500.00 500.00 1,000.00 4,500.00 Salaries&Wages 2,500.00 400.00 42,000.00 2,500.00 86,500.00 5,350.00 3,415.00 1,000.00 Security 1,250.00 - 55,000.00 Supplies 1,200.00 6,237.00 3,000.00 200.00 5,500.00 1,000.00 400.00 1,500.00 947.00 Unemployment 5,000.00 Total Program Expenses 5,110.00 432.00 508,187.00 59,824.00 29,450.00 570,816.00 5,350.00 7,650.00 29,378.00 130,334.00 1,080.00 Total EXPENSES 72,296.02 86,475.61 644,004.83 451,978.58 52,204.79 785,363.47 193,510.53 266,361.70 168,199.12 606,840.00 228,284.36 Net Income 1,187.12 (538.44) 160.00 (333.84) (474.84) FUND BALANCE NET POSITION TOTAL Budget 53,805.00 1,306,787.00 1,025,000.00 2,385,592.00 50,000.00 504,590.00 155,000.00 60,677.00 6,000.00 776,267.00 29,000.00 29,000.00 5,500.00 3,500.00 8,600.00 30,000.00 14,500.00 91,100.00 200,000.00 30,000.00 42,560.00 272,560.00 30,000.00 30,000.00 3,555,519.00 700.00 1,795.00 500.00 805,921.00 1,600.00 13,800.00 500.00 9,700.00 53,805.00 1,306,787.00 1,800.00 1,000.00 10,000.00 2,207,908.00 56,473.00 3,850.00 8,000.00 5,500.00 14,000.00 171,750.00 8,250.00 21,000.00 333,000.00 73,000.00 73,000.00 500,000.00 9,400.00 119,850.00 155,000.00 700.00 3,500.00 6,349.00 11,260.00 11,260.00 37,030.00 2,400.00 22,900.00 143,665.00 56,250.00 19,984.00 5,000.00 1,347,611.00 3,555,519.00 1,007,788.50 947,111.50