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HomeMy WebLinkAbout05/20/2026 - Meeting Materials Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July 2025 through April 2026 Jul 25 Aug 25 Sep 25 Oct 25 Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.00 0.00 0.00 0.00 In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00 0.00 SLC Nondepartmental 0.00 0.00 1,025,000.00 0.00 Total CITY 0.00 0.00 1,025,000.00 0.00 CONTRIBUTIONS Corporate 10,000.00 5,000.00 0.00 0.00 Foundations 10,000.33 0.00 0.00 0.00 In-Kind 0.00 0.00 0.00 0.00 Individuals 0.00 0.00 500.00 3,820.00 Total CONTRIBUTIONS 20,000.33 5,000.00 500.00 3,820.00 EARNED INCOME Beverage Sales Alcohol 0.00 0.00 0.00 0.00 Total Beverage Sales 0.00 0.00 0.00 0.00 Commissions 5,438.75 0.00 5,720.00 4,860.00 Merchandise Sales 0.00 0.00 120.00 0.00 Other Fees 0.00 0.00 0.00 15,149.25 Rental Fees 0.00 800.00 210.00 0.00 Ticket Sales 0.00 0.00 30,000.00 0.00 Vendor Fees 0.00 0.00 0.00 0.00 Total EARNED INCOME 5,438.75 800.00 36,050.00 20,009.25 GOVERNMENT GRANTS County -35,884.00 17,942.00 17,942.00 17,942.00 Federal -30,000.00 30,000.00 0.00 0.00 State 0.00 0.00 46,500.00 0.00 Total GOVERNMENT GRANTS -65,884.00 47,942.00 64,442.00 17,942.00 OTHER REVENUE Interest 3,680.40 3,608.36 3,334.76 3,330.59 Miscellaneous Income 1,000.00 0.00 947.25 0.00 Total OTHER REVENUE 4,680.40 3,608.36 4,282.01 3,330.59 Total REVENUE -35,764.52 57,350.36 1,130,274.01 45,101.84 Total Income -35,764.52 57,350.36 1,130,274.01 45,101.84 Gross Profit -35,764.52 57,350.36 1,130,274.01 45,101.84 Expense EXPENSES Page 1 of 12 Jul 25 Aug 25 Sep 25 Oct 25 General&Adminstrative Bank Fees 36.17 47.34 50.91 42.61 Benefits 86.00 107.50 43.00 64.50 Conference Fees 0.00 0.00 0.00 0.00 Contracted Services 43,310.00 442,854.51 2,229.00 30,900.00 Credit Card Fees 104.75 173.07 42.95 250.57 Dues/Subscriptions/Publications 780.86 418.24 485.83 392.24 Employee Screenings 0.00 0.00 0.00 0.00 General Insurance 327.69 327.69 327.69 327.69 In-Kind SLC Dept DED Expenses 0.00 0.00 0.00 0.00 In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00 0.00 Parking/Mileage 20.00 17.25 20.00 9.63 Travel 0.00 10.00 0.00 50.00 Utilities 719.79 304.33 1,087.77 626.76 Total General&Adminstrative 45,385.26 444,259.93 4,287.15 32,664.00 Program Expenses Advertising&Publicity 1,242.41 1,748.58 1,086.14 776.73 Artist Commissions 0.00 5,565.00 0.00 0.00 Beverages Purchased Alcohol 0.00 0.00 0.00 0.00 Non Alcohol 0.00 0.00 0.00 0.00 Total Beverages Purchased 0.00 0.00 0.00 0.00 Equipment Rental 2,403.33 12,224.83 0.00 1,057.70 Food&Beverage -29.86 333.85 645.52 893.02 Grant Expense Artist in the Classroom 0.00 0.00 0.00 21,000.00 Bloomberg 0.00 0.00 0.00 0.00 General Support 0.00 0.00 0.00 324,050.00 Project Support 0.00 0.00 0.00 86,000.00 Total Grant Expense 0.00 0.00 0.00 431,050.00 Graphics/Design Work 0.00 0.00 0.00 16.50 Honoraria&Artist Fees 5,325.00 4,675.00 1,000.00 1,500.00 In-Kind Goods&Services 0.00 0.00 0.00 0.00 Mailing 83.13 0.00 83.09 0.00 Meals 0.00 0.00 0.00 0.00 Merchandise 0.00 0.00 0.00 0.00 Miscellaneous Charge 0.00 0.00 0.00 1,016.20 Payroll Taxes Federal Unemployment Tax 3.77 3.26 5.03 4.87 FICA 408.16 389.99 323.83 479.62 Payroll Taxes-Other 0.00 0.00 0.00 0.00 Total Payroll Taxes 411.93 393.25 328.86 484.49 Page 2 of 12 Jul 25 Aug 25 Sep 25 Oct 25 Permits&Licenses -2,146.59 0.00 2,146.59 0.00 Postage 0.00 0.00 0.00 156.00 Printing 901.22 137.98 538.30 0.00 Salaries&Wages 3,149.63 5,097.88 4,233.01 6,269.63 Security 0.00 0.00 231.75 0.00 Supplies 6,589.76 345.88 292.36 513.95 Unemployment 0.00 78.08 117.12 156.16 Total Program Expenses 17,929.96 30,600.33 10,702.74 443,890.38 Total EXPENSES 63,315.22 474,860.26 14,989.89 476,554.38 Payroll Expenses 0.00 0.00 0.00 0.00 Total Expense 63,315.22 474,860.26 14,989.89 476,554.38 Net Ordinary Income -99,079.74 -417,509.90 1,115,284.12 -431,452.54 Net Income -99,079.74 -417,509.90 1,115,284.12 -431,452.54 Page 3 of 12 Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July 2025 through April 2026 Nov 25 Dec 25 Jan 26 Feb 26 Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.00 0.00 0.00 0.00 In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00 0.00 SLC Nondepartmental 0.00 0.00 0.00 0.00 Total CITY 0.00 0.00 0.00 0.00 CONTRIBUTIONS Corporate -15,000.00 10,350.00 22,500.00 12,500.00 Foundations 5,000.00 20,500.00 5,000.00 5,000.00 In-Kind 0.00 0.00 0.00 0.00 Individuals 0.00 0.00 0.00 5,000.00 Total CONTRIBUTIONS -10,000.00 30,850.00 27,500.00 22,500.00 EARNED INCOME Beverage Sales Alcohol 0.00 0.00 0.00 0.00 Total Beverage Sales 0.00 0.00 0.00 0.00 Commissions 360.00 832.50 -492.00 0.00 Merchandise Sales 0.00 0.00 0.00 0.00 Other Fees 0.00 0.00 0.00 0.00 Rental Fees 0.00 0.00 0.00 0.00 Ticket Sales 0.00 0.00 0.00 0.00 Vendor Fees 0.00 0.00 0.00 0.00 Total EARNED INCOME 360.00 832.50 -492.00 0.00 GOVERNMENT GRANTS County 17,942.00 17,942.00 17,942.00 17,942.00 Federal 0.00 0.00 0.00 0.00 State 0.00 0.00 0.00 0.00 Total GOVERNMENT GRANTS 17,942.00 17,942.00 17,942.00 17,942.00 OTHER REVENUE Interest 4,253.28 5,028.45 4,804.69 4,262.47 Miscellaneous Income 0.00 0.00 0.00 0.00 Total OTHER REVENUE 4,253.28 5,028.45 4,804.69 4,262.47 Total REVENUE 12,555.28 54,652.95 49,754.69 44,704.47 Total Income 12,555.28 54,652.95 49,754.69 44,704.47 Gross Profit 12,555.28 54,652.95 49,754.69 44,704.47 Expense EXPENSES Page 4 of 12 Nov 25 Dec 25 Jan 26 Feb 26 General&Adminstrative Bank Fees 30.52 60.52 60.00 30.39 Benefits 43.00 43.00 64.50 129.00 Conference Fees 0.00 0.00 0.00 0.00 Contracted Services 14,885.00 4,325.00 1,014.00 60,925.00 Credit Card Fees 230.90 53.18 602.07 25.30 Dues/Subscriptions/Publications 830.29 417.24 286.24 5,699.90 Employee Screenings 0.00 0.00 0.00 0.00 General Insurance 327.69 0.00 762.80 1,543.90 In-Kind SLC Dept DED Expenses 0.00 0.00 0.00 0.00 In-Kind SLC Dept Salaries&Ben 0.00 0.00 0.00 0.00 Parking/Mileage 9.00 0.00 0.00 0.00 Travel 0.00 0.00 0.00 0.00 Utilities 554.97 836.69 621.40 745.68 Total General&Adminstrative 16,911.37 5,735.63 3,411.01 69,099.17 Program Expenses Advertising&Publicity 1,571.70 307.75 15,128.63 8,988.42 Artist Commissions 7,658.00 0.00 0.00 0.00 Beverages Purchased Alcohol 0.00 0.00 0.00 0.00 Non Alcohol 0.00 0.00 0.00 0.00 Total Beverages Purchased 0.00 0.00 0.00 0.00 Equipment Rental -201.00 0.00 0.00 100.61 Food&Beverage 635.31 465.28 -22.17 369.37 Grant Expense Artist in the Classroom 0.00 0.00 0.00 0.00 Bloomberg 0.00 0.00 0.00 -4,750.00 General Support 0.00 0.00 0.00 0.00 Project Support 0.00 0.00 -4,250.00 76,000.00 Total Grant Expense 0.00 0.00 -4,250.00 71,250.00 Graphics/Design Work 0.00 0.00 0.00 0.00 Honoraria&Artist Fees 1,500.00 1,500.00 1,000.00 0.00 In-Kind Goods&Services 0.00 0.00 0.00 0.00 Mailing 83.06 83.02 0.00 82.98 Meals 0.00 0.00 0.00 0.00 Merchandise 0.00 0.00 -268.00 0.00 Miscellaneous Charge 47.98 0.00 4,487.00 2,070.00 Payroll Taxes Federal Unemployment Tax 3.12 3.42 20.64 30.77 FICA 299.52 297.29 263.16 392.26 Payroll Taxes-Other 0.00 0.00 0.00 0.00 Total Payroll Taxes 302.64 300.71 283.80 423.03 Page 5 of 12 Nov 25 Dec 25 Jan 26 Feb 26 Permits&Licenses 0.00 0.00 -650.00 0.00 Postage 0.00 0.00 0.00 0.00 Printing 555.00 636.34 -307.24 34.48 Salaries&Wages 3,915.26 3,886.13 3,440.13 5,127.13 Security 231.75 0.00 0.00 231.75 Supplies 527.00 493.45 961.95 727.24 Unemployment 278.48 0.00 0.00 39.43 Total Program Expenses 17,105.18 7,672.68 19,804.10 89,444.44 Total EXPENSES 34,016.55 13,408.31 23,215.11 158,543.61 Payroll Expenses 0.00 0.00 0.00 0.00 Total Expense 34,016.55 13,408.31 23,215.11 158,543.61 Net Ordinary Income -21,461.27 41,244.64 26,539.58 -113,839.14 Net Income -21,461.27 41,244.64 26,539.58 -113,839.14 Page 6 of 12 Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July 2025 through April 2026 TOTA Mar 26 Apr 26 Jul'25-Apr 26 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 1,025,000.00 Total CITY 0.00 0.00 1,025,000.00 CONTRIBUTIONS Corporate 46,000.00 -16,000.00 75,350.00 Foundations 15,000.00 15,000.00 75,500.33 In-Kind 0.00 0.00 0.00 Individuals 0.00 1,000.00 10,320.00 Total CONTRIBUTIONS 61,000.00 0.00 161,170.33 EARNED INCOME Beverage Sales Alcohol 0.00 0.00 0.00 Total Beverage Sales 0.00 0.00 0.00 Commissions 2,000.00 2,855.00 21,574.25 Merchandise Sales 0.00 0.00 120.00 Other Fees 0.00 0.00 15,149.25 Rental Fees 0.00 0.00 1,010.00 Ticket Sales 0.00 0.00 30,000.00 Vendor Fees 0.00 12,200.00 12,200.00 Total EARNED INCOME 2,000.00 15,055.00 80,053.50 GOVERNMENT GRANTS County 0.00 32,619.86 122,329.86 Federal 40,000.00 0.00 40,000.00 State 0.00 0.00 46,500.00 Total GOVERNMENT GRANTS 40,000.00 32,619.86 208,829.86 OTHER REVENUE Interest 4,736.57 4,553.03 41,592.60 Miscellaneous Income 0.00 1,003.23 2,950.48 Total OTHER REVENUE 4,736.57 5,556.26 44,543.08 Total REVENUE 107,736.57 53,231.12 1,519,596.77 Total Income 107,736.57 53,231.12 1,519,596.77 Gross Profit 107,736.57 53,231.12 1,519,596.77 Expense EXPENSES Page 7 of 12 TOTA Mar 26 Apr 26 Jul'25-Apr 26 General&Adminstrative Bank Fees 79.72 35.39 473.57 Benefits 236.50 301.00 1,118.00 Conference Fees 0.00 50.00 50.00 Contracted Services 116,231.50 321,440.73 1,038,114.74 Credit Card Fees 43.00 207.63 1,733.42 Dues/Subscriptions/Publications 1,469.64 2,773.60 13,554.08 Employee Screenings 45.50 0.00 45.50 General Insurance -730.80 154.00 3,368.35 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 6.00 0.00 81.88 Travel 0.00 3,466.09 3,526.09 Utilities 703.86 659.17 6,860.42 Total General&Adminstrative 118,084.92 329,087.61 1,068,926.05 Program Expenses Advertising&Publicity 14,084.68 10,155.27 55,090.31 Artist Commissions 0.00 1,400.00 14,623.00 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 -155.98 98,514.04 113,943.53 Food&Beverage 1,163.81 294.15 4,748.28 Grant Expense Artist in the Classroom 0.00 0.00 21,000.00 Bloomberg 0.00 0.00 -4,750.00 General Support. 0.00 0.00 324,050.00 Project Support 0.00 0.00 157,750.00 Total Grant Expense 0.00 0.00 498,050.00 Graphics/Design Work 4,500.00 0.00 4,516.50 Honoraria&Artist Fees 1,250.00 2,300.00 20,050.00 In-Kind Goods&Services 0.00 0.00 0.00 Mailing 0.00 82.84 498.12 Meals -15.00 0.00 -15.00 Merchandise 3,399.13 540.00 3,671.13 Miscellaneous Charge 24,339.81 2,385.00 34,345.99 Payroll Taxes Federal Unemployment Tax 66.42 115.03 256.33 FICA 1,072.73 1,829.44 5,756.00 Payroll Taxes-Other 0.00 0.00 0.00 Total Payroll Taxes 1,139.15 1,944.47 6,012.33 Page 8 of 12 TOTA Mar 26 Apr 26 Jul'25-Apr 26 Permits&Licenses 899.58 Postage -245.00 0.00 -89.00 Printing 0.00 521.44 3,017.52 Salaries&Wages 14,023.13 23,913.58 73,055.51 Security 0.00 26,064.50 26,759.75 Supplies 3,400.99 911.60 14,764.18 Unemployment 0.00 0.00 669.27 Total Program Expenses 67,154.30 170,306.89 874,611.00 Total EXPENSES 185,239.22 499,394.50 1,943,537.05 Payroll Expenses 0.00 32.63 32.63 Total Expense 185,239.22 499,427.13 1,943,569.68 Net Ordinary Income -77,502.65 -446,196.01 -423,972.91 Net Income -77,502.65 -446,196.01 -423,972.91 Page 9 of 12 Salt Lake Arts Council Foundation 3:07 PM Profit & Loss Budget vs. Actual 05/15/2026 July 2025 through April 2026 Accrual Basis L Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 67,805.00 In-Kind SLC Dept Salaries&Ben 1,306,787.01 SLC Nondepartmental 1,025,000.00 Total CITY 2,399,592.01 CONTRIBUTIONS Corporate 97,850.00 Foundations 80,500.00 In-Kind 215,000.00 Individuals 11,500.00 Total CONTRIBUTIONS 404,850.00 EARNED INCOME Beverage Sales Alcohol 35,000.00 Total Beverage Sales 35,000.00 Commissions 17,000.00 Merchandise Sales Other Fees 15,000.00 Rental Fees 3,500.00 Ticket Sales 30,000.00 Vendor Fees 14,000.00 Total EARNED INCOME 114,500.00 GOVERNMENT GRANTS County 215,000.00 Federal 135,000.00 State 71,500.00 Total GOVERNMENT GRANTS 421,500.00 OTHER REVENUE Interest 44,000.00 Miscellaneous Income 2,000.00 Total OTHER REVENUE 46,000.00 Total REVENUE 3,386,442.01 Total Income 3,386,442.01 Gross Profit 3,386,442.01 Expense EXPENSES Page 10 of 12 L Budget General&Adminstrative Bank Fees 760.00 Benefits 1,910.00 Conference Fees 500.00 Contracted Services 1,250,269.00 Credit Card Fees 2,000.00 Dues/Subscriptions/Publications 15,100.00 Employee Screenings 500.00 General Insurance 10,700.00 In-Kind SLC Dept DED Expenses 53,805.00 In-Kind SLC Dept Salaries&Ben 1,306,787.01 Parking/Mileage 1,700.00 Travel 5,881.00 Utilities 8,000.00 Total General&Adminstrative 2,657,912.01 Program Expenses Advertising&Publicity 88,083.00 Artist Commissions 13,250.00 Beverages Purchased Alcohol 8,000.00 Non Alcohol 5,500.00 Total Beverages Purchased 13,500.00 Equipment Rental 180,500.00 Food&Beverage 10,050.00 Grant Expense Artist in the Classroom 21,000.00 Bloomberg 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 197,820.00 In-Kind Goods&Services 215,000.00 Mailing 700.00 Meals Merchandise 3,600.00 Miscellaneous Charge 39,211.00 Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 13,146.00 Total Payroll Taxes 13,146.00 Page 11 of 12 L Budget Permits&Licenses 24,030.00 Postage 2,400.00 Printing 25,150.00 Salaries&Wages 165,685.00 Security 56,250.00 Supplies 40,402.00 Unemployment 5,000.00 Total Program Expenses 1,603,177.00 Total EXPENSES 4,261,089.01 Payroll Expenses Total Expense 4,261,089.01 Net Ordinary Income -874,647.00 Net Income -874,647.00 Page 12 of 12 Wake the Great Salt Lake Board Updates May 2026 . . . . - . - - • • � Wake - the Great Salt Lake ft Af Photo by Marielle Scott Photo by Marielle Scott r ow., f Photo by Marielle Scott Photo by Kim Raff Photo by Marielle Scott Photo by Kim Raff VIP Wake on the Great '` Salt Lake �i�a•� - S (13 � r I � XA 120 IT v Photos . Listening to Great Salt Lake : RM Wa ke A Conversation fhe - •_ March 25, 2026 41 Salf • kL i \ itk y w ti• jr J ",elm' Photos by Kim Raff Event Attendance E:I E - • 11 A symphony of disappearing sounds for the Great Listening to Great Salt Lake: Artist Salt Lake by Olafur Eliasson Olafur Eliasson in conversation with March 26,2026—April 4, 2026 Dr. Bonnie Baxter and Emily Lewis, moderated by Chris Ingraham xn Total attendees: 20,170 March 25, 2026 •h' Daily attendance: Total attendees: 250 • March 26: 1,099 • March 27: 1,198 • March 28: 2,068 • March 29: 1,815 • March 30: 2,093 VIP Reception for A symphony of • March 31: 1,944 disappearing sounds for the Great Salt • April 1: 1,283 Lake • April 2: 1,543 March 26, 2026 • April 3: 2,516 • April 4: 4,611 Total attendees: 200 Press Highlights 14�- - •Il The New York Times: Olafur Eliasson Uses Art and Sound to Raise Southwest Contemporary: Can International Artist Olafur Eliasson Climate Awareness in Utah Provoke Urgency to Restore Great Salt Lake? The New York Times © Southwest Contemporary https./Iwww nytimes.com,Arts,Art&Design https llsouthwestcontemporary.com>Articles Olafur Eliasson Uses Art and Sound to Raise Climate ... Can International Art Star Olafur Eliasson Provoke ... Apr 21,2026 The Danish Icelandic artist reflects on his childhood and how it Apr 16.2026 Hasson's work was not a realistic representation of the Lake,nor influenced and empowered his art. situated near it:it occupied a city park near the state capitol building.... Read more Forbes: Dazzling Art Inspires People To Save Utah-s Shrinking Great The Art Newspaper: Olafur Eliasson stages public wake for the Salt Lake Great Salt Lake in Utah © Forbes ■ The Art Newspaper https.1/www.forbes.com)Lifestyle>Travel hops llwww theartnewspaper com 2026104/14>olafur- Dazzling Art Inspires People To Save Utah's Shrinking... Olafur Eliasson stages public wake for the Great Salt Lake... Apr 27.2026 Immersive art installation in Salt Lake City feature the sounds and Apr 14,2026—For ten days between 26 March and 4 April,Olafur Eliasson presented sights of the Great Salt Lake motivating people to take action to halt... A symphony of disappearing sounds for the Great Salt Lake,a multimedia... Read more FY26 Amendment 2 Approved 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 - - - - - 945,571.00 - 945,571.00 Individuals 8,000.00 3,500.00 11,500.00 Total CONTRIBUTIONS - - - - 10,000.00 276,350.00 - 7,000.00 3,000.00 1,045,571.00 8,500.00 1,350,421.00 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 86,475.61 644,004.83 481,373.58 61,204.79 1,008,836.59 193,010.53 287,361.70 182,919.00 1,087,821.00 228,089.36 4,332,013.00 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 73,000.00 73,000.00 Wake Grants - NEA Grant Funds - Total Grant Expense 500,000.00 - - - - - - 500,000.00 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 7,030.00 432.00 508,187.00 58,824.00 38,450.00 762,730.00 4,850.00 7,650.00 38,778.00 175,361.00 885.00 1,603,177.00 Total EXPENSES 70,916.02 86,475.61 644,004.83 454,078.58 61,204.79 975,777.47 193,010.53 287,361.70 172,349.12 1,087,821.00 228,089.36 4,261,089.00 Jet Income 27,295.00 33,059.12 10,569.88 - 70,924.00 FUND BALANCE 1,909,582.00 NET POSITION 1,034,935.00 ly _ y .a913M _ t►r \' - � 44, i 'mac,, � i --'� - _����. -�y cs'• f�'` T S A L T L A K E `t I - I COUNCIL i lot Department Budget FY 26-27 SALT LAKE CITY p g Salt Lake City Proposed Budget Reduction ($ 125,000) We are examining a number of strategies to incorporate the proposed budget cut. We have identified the following potential program eliminations : Busker Festival, Mondays in the Park, City Arts Grants ( reduction), and supplemental public art and community outreach funding. We will work hard to adapt in order to maintain the quality, impact, and reach of our programming. Department Budget FY 26 -27 4% ISALT LAKE CITY Salt Lake City Proposed Budget Reduction ($ 125,000) REDUCTIONS CRITERIA • Preserving programs with high impact of artists/public served • Maintaining diversity of programming to preserve grant funders • Preserving revenue generating programs • Recommendation from Board of Directors based on Strategic Plan • Consider eliminating programs with escalating costs in future • Consider other service providers with similar offerings external to City Department Budget FY 26 -27 4% ISALT LAKE CITY Salt Lake City Proposed Budget Reduction ($ 125 , 000) CONSIDERATIONS: Mission & Strategic Priorities Community & Reputational Impact Government Relations Operational & Organizational Blind Sports Fund Balance Usage Department Budget FY 26 -27 ,if"� � SALT LAKE CITY Busker Festival : ( 10, 725 ) $70,432 . 00 Salt Lake City Proposed Budget Reduction ($ 125 , 000) Mondays in the Park : ( 2,404) $ 28,449 . 21 Outreach : (47 events ) $ 6, 350 . 00 Public Art : ( not permissible with CIP) $ 7, 650 . 00 Finch Lane : Printing/Mailing $ 5, 000 . 00 Living Tradtions : Headliners $ 15, 000 . 00 Artist in the Classroom Grants $30, 000 . 00 Other : Memberships/Dues/Prof Dev. $ 2, 550 . 00 Considerations for public funding reductions County: 0 ;oo Arts Parks, Tiei Grant award is based on breadth of programming & free services + qualified financial expenditures. Only Local Arts Agency among 22 grantees in this category (qualifying expenditures are directly tied to the grant award amount) State: Utah Division ell Arts & Museums * these public grant funds A Certified Local Arts Agency (LAA) is defined by its provision of a are ineligible for capital broad portfolio of arts services rather than a single program or event. expenditures on public art UA&M is projecting all general operating support grants to be reduced by 30% in FY27 which is approximately a $ 14,000 cut. Federal National Endowment for the Arts: Grant is specifically for Living Traditions (unknown FY27 federal funds) Department Budget FY 26 -27 AISALT LAKE CITY AKF SALT LAKE Q CITY 1841 AffS e Jl/ THANK YOU #4.......... I w , n r Thee Sacred Souls - Twilight Concert Series - Gallivan Center