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Home My WebLink About04/15/2026 - Meeting Materials (2) Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July 2025 through March 2026 Jul'25-Mar 26 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 1,306,787.01 -1,306,787.01 SLC Nondepartmental 1,025,000.00 1,025,000.00 0.00 Total CITY 1,025,000.00 2,385,592.01 -1,360,592.01 CONTRIBUTIONS Corporate 101,350.00 55,000.00 46,350.00 Foundations 60,500.33 955,690.00 -895,189.67 In-Kind 0.00 165,000.00 -165,000.00 Individuals 9,320.00 6,300.00 3,020.00 Total CONTRIBUTIONS 171,170.33 1,181,990.00 -1,010,819.67 EARNED INCOME Beverage Sales Alcohol 0.00 29,000.00 -29,000.00 Total Beverage Sales 0.00 29,000.00 -29,000.00 Commissions 18,719.25 5,500.00 13,219.25 Merchandise Sales 120.00 Other Fees 15,149.25 8,600.00 6,549.25 Rental Fees 1,010.00 3,500.00 -2,490.00 Ticket Sales 30,000.00 30,000.00 0.00 Vendor Fees 0.00 14,000.00 -14,000.00 Total EARNED INCOME 64,998.50 90,600.00 -25,601.50 GOVERNMENT GRANTS County 89,710.00 200,000.00 -110,290.00 Federal 30,000.00 30,000.00 0.00 State 46,500.00 46,500.00 0.00 Total GOVERNMENT GRANTS 166,210.00 276,500.00 -110,290.00 OTHER REVENUE Interest 37,039.57 30,000.00 7,039.57 Miscellaneous Income 1,947.25 Total OTHER REVENUE 38,986.82 30,000.00 8,986.82 Total REVENUE 1,466,365.65 3,964,682.01 -2,498,316.36 Total Income 1,466,365.65 3,964,682.01 -2,498,316.36 Gross Profit 1,466,365.65 3,964,682.01 -2,498,316.36 Expense Page 1 of 6 Jul*25-Mar 26 Budget $Over Budget EXPENSES General&Adminstrative Bank Fees 408.18 700.00 -291.82 Benefits 817.00 1,795.00 -978.00 Conference Fees 0.00 500.00 -500.00 Contracted Services 709,355.51 1,252,781.00 -543,425.49 Credit Card Fees 1,525.79 1,600.00 -74.21 Dues/Subscriptions/Publications 10,722.48 13,800.00 -3,077.52 Employee Screenings 0.00 500.00 -500.00 General Insurance 3,214.35 9,700.00 -6,485.65 In-Kind SLC Dept DED Expenses 0.00 53,805.00 -53,805.00 In-Kind SLC Dept Salaries&Ben 0.00 1,306,787.01 -1,306,787.01 Parking/Mileage 81.88 1,800.00 -1,718.12 Travel 60.00 5,881.00 -5,821.00 Utilities 5,339.61 10,000.00 -4,660.39 Total General&Adminstrative 731,524.80 2,659,649.01 -1,928,124.21 Program Expenses Advertising&Publicity 39,230.04 62,583.00 -23,352.96 Artist Commissions 13,223.00 3,850.00 9,373.00 Beverages Purchased Alcohol 0.00 8,000.00 -8,000.00 Non Alcohol 0.00 5,500.00 -5,500.00 Total Beverages Purchased 0.00 13,500.00 -13,500.00 Equipment Rental 15,429.49 171,750.00 -156,320.51 Food&Beverage 4,454.13 8,250.00 -3,795.87 Grant Expense Artist in the Classroom 21,000.00 21,000.00 0.00 Bloomberg -4,750.00 General Support 324,050.00 333,000.00 -8,950.00 Project Support 155,750.00 146,000.00 9,750.00 Total Grant Expense 496,050.00 500,000.00 -3,950.00 Graphics/Design Work 4,516.50 9,400.00 -4,883.50 Honoraria&Artist Fees 38,631.31 119,850.00 -81,218.69 In-Kind Goods&Services 0.00 165,000.00 -165,000.00 Mailing 415.28 700.00 -284.72 Meals -15.00 Merchandise 3,131.13 3,500.00 -368.87 Miscellaneous Charge 1,904.68 8,711.00 -6,806.32 Payroll Taxes Federal Unemployment Tax 141.30 FICA 3,926.56 Payroll Taxes-Other 0.00 11,260.00 -11,260.00 Page 2 of 6 Jul'25-Mar 26 Budget $Over Budget Total Payroll Taxes 4,067.86 1 -7,192.14 Permits&Licenses 6,738.00 37,030.00 -30,292.00 Postage -89.00 2,400.00 -2,489.00 Printing 2,496.08 22,900.00 -20,403.92 Salaries&Wages 49,141.93 143,665.00 -94,523.07 Security 695.25 56,250.00 -55,554.75 Supplies 13,774.54 20,752.00 -6,977.46 Unemployment 669.27 5,000.00 -4,330.73 Total Program Expenses 694,464.49 1,366,351.00 -671,886.51 Total EXPENSES 1,425,989.29 4,026,000.01 -2,600,010.72 Payroll Expenses 0.00 Total Expense 1,425,989.29 4,026,000.01 -2,600,010.72 Net Ordinary Income 40,376.36 -61,318.00 101,694.36 Net Income 40,376.36 -61,318.00 101,694.36 Page 3 of 6 Salt Lake Arts Council Foundation 5:16 PM Profit & Loss Budget vs. Actual 04/07/2026 July 2025 through March 2026 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 42.97% CONTRIBUTIONS Corporate 184.27% Foundations 6.33% In-Kind 0.0% Individuals 147.94% Total CONTRIBUTIONS 14.48% EARNED INCOME Beverage Sales Alcohol 0.0% Total Beverage Sales 0.0% Commissions 340.35% Merchandise Sales Other Fees 176.15% Rental Fees 28.86% Ticket Sales 100.0% Vendor Fees 0.0% Total EARNED INCOME 71.74% GOVERNMENT GRANTS County 44.86% Federal 100.0% State 100.0% Total GOVERNMENT GRANTS 60.11% OTHER REVENUE Interest 123.47% Miscellaneous Income Total OTHER REVENUE 129.96% Total REVENUE 36.99% Total Income 36.99% Gross Profit 36.99% Expense Page 4 of 6 %of Budget EXPENSES General&Adminstrative Bank Fees 58.31% Benefits 45.52% Conference Fees 0.0% Contracted Services 56.62% Credit Card Fees 95.36% Dues/Subscriptions/Publications 77.7% Employee Screenings 0.0% General Insurance 33.14% In-Kind SLC Dept DED Expenses 0.0% In-Kind SLC Dept Salaries&Ben 0.0% Parking/Mileage 4.55% Travel 1.02% Utilities 53.4% Total General&Adminstrative 27.51% Program Expenses Advertising&Publicity 62.69% Artist Commissions 343.46% Beverages Purchased Alcohol 0.0% Non Alcohol 0.0% Total Beverages Purchased 0.0% Equipment Rental 8.98% Food&Beverage 53.99% Grant Expense Artist in the Classroom 100.0% Bloomberg General Support 97.31% Project Support 106.68% Total Grant Expense 99.21% Graphics/Design Work 48.05% Honoraria&Artist Fees 32.23% In-Kind Goods&Services 0.0% Mailing 59.33% Meals Merchandise 89.46% Miscellaneous Charge 21.87% Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 0.0% Page 5 of 6 %of Budget Total Payroll Taxes 36.13% Permits&Licenses 182% Postage -3.71% Printing 10.9% Salaries&Wages 34.21% Security 1.24% Supplies 66.38% Unemployment 13.39% Total Program Expenses 50.83% Total EXPENSES 35.42% Payroll Expenses Total Expense 35.42% Net Ordinary Income -65.85% Net Income -65.85% Page 6 of 6