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HomeMy WebLinkAbout04/15/2026 - Meeting Materials FY26 Draft Second Amendment FISCAL YEAR 2025-2026 City Arts General& Visual Arts Art Barn Busker Grants Administration Mondays LTFestival Outreach Public Art Program Wake the GSL Twilight TOTAL Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept Operations(Charges&Serivices,Operations&Maintenance etc. 53,805.00 14,000.00 67,805.00 In-Kind SLC Dept Personnel 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 1,306,787.00 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 1,025,000.00 Total CITY 62,186.02 76,043.61 635,817.83 326,894.58 48,946.79 430,263.47 191,660.53 277,711.70 155,713.12 42,250.00 152,104.36 2,399,592.00 CONTRIBUTIONS Corporate 87,850.00 2,000.00 3,000.00 5,000.00 5,000.00 102,850.00 Foundations 40,500.00 5,000.00 30,000.00 75,500.00 In-Kind 10,000.00 140,000.00 65,000.00 215,000.00 Contribution from Fund Balance 6,705.00 - - 945,571.00 - 952,276.00 Individuals 8,000.00 3,500.00 11,500.00 Total CONTRIBUTIONS 6,705.00 10,000.00 276,350.00 7,000.00 3,000.00 1,045,571.00 8,500.00 1,357,126.00 EARNED INCOME Beverage Sales Alcohol 35,000.00 35,000.00 Non Alcohol Total Beverage Sales - 35,000.00 - - 35,000.00 Commissions 17,000.00 17,000.00 Rental Fees 3,500.00 3,500.00 Ticket Fees 15,000.00 15,000.00 Ticket Sales 30,000.00 30,000.00 Vendor Fees 14,000.00 14,000.00 Total EARNED INCOME 3,500.00 - - - - 49,000.00 - - 17,000.00 45,000.00 114,500.00 GOVERNMENT GRANTS County 4,080.88 6,695.12 6,705.00 98,327.00 1,254.00 77,904.00 250.00 2,650.00 3,070.00 14,064.00 215,000.00 Federal 135,000.00 135,000.00 State 1,149.12 3,736.88 1,482.00 12,152.00 1,004.00 39,319.12 100.00 4,135.88 8,421.00 71,500.00 Total GOVERNMENT GRANTS 5,230.00 10,432.00 8,187.00 110,479.00 2,258.00 252,223.12 350.00 2,650.00 7,205.88 22,485.00 421,500.00 OTHER REVENUE Interest Income - 44,000.00 44,000.00 Miscellaneous Income 1,000.00 1,000.00 2,000.00 Total OTHER REVENUE - - - 44,000.00 - 1,000.00 1,000.00 - - 46,000.00 Total REVENUE 70,916.02 86,475.61 650,709.83 481,373.58 61,204.79 1,008,836.59 193,010.53 287,361.70 182,919.00 1,087,821.00 228,089.36 4,338,718.00 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 60.00 760.00 Benefits 560.00 1,200.00 150.00 1,910.00 Conference Fees 500.00 500.00 Contracted Services 6,200.00 70,000.00 42,000.00 60,500.00 1,500.00 21,000.00 3,950.00 865,119.00 180,000.00 1,250,269.00 Credit Card Fees 2,000.00 2,000.00 Dues/Subscriptions/Publications 14,800.00 300.00 15,100.00 Employee Screenings 500.00 500.00 General Insurance 7,200.00 3,500.00 10,700.00 In-Kind SLC Dept Operations(Charges&Serivices,Operations&Maintenance etc. 53,805.00 53,805.00 In-Kind SLC Dept Personnel 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 1,306,787.00 Parking/Mileage 100.00 1,500.00 100.00 1,700.00 Travel 1,000.00 4,881.00 5,881.00 Utilities 8,000.00 8,000.00 Total General&Adminstrative 63,886.02 86,043.61 135,817.83 395,254.58 22,754.79 213,047.47 188,160.53 279,711.70 133,571.12 912,460.00 227,204.36 2,657,912.00 Program Expenses Advertising&Publicity 250.00 250.00 38,500.00 1,750.00 1,750.00 2,650.00 42,933.00 88,083.00 Artist Commissions 13,250.00 13,250.00 Beverages Purchased Alcohol 8,000.00 8,000.00 Non Alcohol 5,500.00 5,500.00 Total Beverages Purchased - - - 13,500.00 - - - 13,500.00 Equipment Rental 15,500.00 165,000.00 180,500.00 Food&Beverage 350.00 3,400.00 5,000.00 500.00 500.00 300.00 10,050.00 Grant Expense Artist in the Classroom 21,000.00 21,000.00 General Support 333,000.00 333,000.00 Project Support Round 1 73,000.00 73,000.00 Project Support Round 2 79,705.00 79,705.00 Wake Grants NEA Grant Funds Total Grant Expense 506,705.00 - - - - - - 506,705.00 Graphics/Design Work 400.00 9,000.00 9,400.00 Honoraria&Artist Fees 1,350.00 9,000.00 170,970.00 1,100.00 4,000.00 7,900.00 3,500.00 197,820.00 In-Kind Goods&Services 10,000.00 140,000.00 65,000.00 215,000.00 Mailing 700.00 700.00 Merchandise Purchase 3,600.00 3,600.00 Miscellaneous Charge 1,000.00 38,211.00 39,211.00 Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 80.00 32.00 3,224.00 200.00 8,250.00 428.00 852.00 80.00 13,146.00 Total Payroll Taxes 80.00 32.00 3,224.00 200.00 8,250.00 - - 428.00 852.00 80.00 13,146.00 Permits&Licenses 16,030.00 8,000.00 24,030.00 Postage 200.00 2,200.00 2,400.00 Printing 1,000.00 400.00 17,750.00 500.00 1,000.00 4,500.00 25,150.00 Salaries&Wages 1,000.00 400.00 42,000.00 2,500.00 102,980.00 5,350.00 10,650.00 805.00 165,685.00 Security 1,250.00 - 55,000.00 56,250.00 Supplies 4,700.00 6,237.00 3,000.00 200.00 17,150.00 1,000.00 400.00 1,500.00 6,215.00 40,402.00 Unemployment 5,000.00 5,000.00 Total Program Expenses 7,030.00 432.00 514,892.00 58,824.00 38,450.00 762,730.00 4,850.00 7,650.00 38,778.00 175,361.00 885.00 1,609,882.00 Total EXPENSES 70,916.02 86,475.61 650,709.83 454,078.58 61,204.79 975,777.47 193,010.53 287,361.70 172,349.12 1,087,821.00 228,089.36 4,267,794.00 Jet Income 27,295.00 33,059.12 10,569.88 70,924.00 FUND BALANCE 1,909,582.00 NET POSITION 1,028,230.00