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Transmittal - 10/4/2022DEPARTMENT OF ECONOMIC DEVELOPMENT ERIN MENDENHALL MAYOR LORENA RIFFO-JENSON INTERIM DIRECTOR CITY COUNCIL TRANSMITTAL _______________________ Date Received: ___________ Lisa Shaffer, Chief Administrative Officer Date sent to Council: ___________ __________________________________________________________________ TO: Salt Lake City Council DATE: September 28, 2022 Dan Dugan, Chair FROM: Lorena Riffo-Jenson, Interim Director, Department of Economic Development SUBJECT: Cultural Core Year-5 Executive Summary & Year-6 Budget Plan STAFF CONTACTS: Felicia Baca, felicia.baca@slcgov.com, 385-256-5588 DOCUMENT TYPE: Information Update RECOMMENDATION: n/a BUDGET IMPACT: n/a COORDINTATION: Downtown SLC Presents (THE BLOCKS) & Salt Lake County Arts & Culture BACKGROUND/DISCUSSION: In 2010, the City and County of Salt Lake formed a partnership to promote and develop arts and culture in the Cultural Core and established a taxing district to provide a reliable revenue source for a 20-year period. In 2011, a series of community conversations with stakeholders established foundational goals for the plan including creative placemaking - physical development of the district, and creative programming - marketing, promotions, and audience development. The City and County’s Interlocal Agreement for the Cultural Core is governed by a six-member advisory Budget Committee, with direct oversight from City and County staff. At that time, a public RFP process resulted in a 5-year contract with Downtown SLC Presents (THE BLOCKS) which expired in July 2022. Earlier this year, City staff engaged in another public RFP process with Salt Lake County to select another contractor to execute on this contract. Downtown SLC Presents (THE BLOCKS) was once again selected to manage this contract. The Cultural Core Budget Committee has reviewed and approved the budget presented below, as well as a plan for Year-6 of the Cultural Core Initiative. The annual appropriation from Salt Lake City (approved for FY23) is $250,000. This briefing on budget and plans is a requirement of the Interlocal Agreement. The appropriation from Salt 10/4/202210/4/2022 Lisa Shaffer (Oct 4, 2022 12:38 MDT) Lake County was also allocated, approved by the Budget Committee, and The Blocks is scheduled to present to County Council in tandem with this transmittal. YEAR-5: July 1, 2021, through June 30, 2022 THE BLOCKS continued to heavily invest in marketing and promotion efforts related to arts, culture, entertainment, and nightlife programming in the Cultural Core. Digital ads, social media, radio, and online/mobile content are the biggest areas of investment. These efforts resulted in consistent growth and public awareness of THE BLOCKS offerings. Through a data feed partnership with Now Playing Utah, listings were prominently displayed on theblocksslc.org. There are, on average, more than 100 events, programs, and happenings each month that are promoted and amplified through THE BLOCKS. Additional amplification and support are lent through social media and blogging efforts. Promoted posts, paid social media, targeting and retargeting are some of the ways THE BLOCKS engages a wide demographic. Additional investments in Spanish language radio ads, social media ads, and translated press releases, has expanded reach, and continues to be an area of focus. Recently, THE BLOCKS engaged in a full closure of Main Street, assisting in the creation of a pedestrian promenade featuring vibrant and diverse arts and culture offerings to patrons of the area, and allowing businesses to safely expand their premises to serve additional customers; an effort which continues to be a huge success. THE BLOCKS diligently programmed more than 150 artists per month to entertain visitors as they stroll along Main Street. These performances highlight the breadth and depth of our creative community and provide a platform for creatives to share their craft with more than 25,000 visitors each weekend. Success was validated with data collected through website, media partners and social media channels as well as feedback from the creative community. Visitation to the Cultural Core and dwell time within the Cultural Core are both very meaningful metrics that have increased over time. Additionally, ticket sales cannot be the only metric for measuring audiences and marketing performance as they do not accurately capture the diversity of artistic content (much of which is highly accessible and free), nor the diversity of the audience. THE BLOCKS has seen a direct correlation between Open Streets and THE BLOCKS programming to the number of weekend visitors to the Cultural Core. Additionally, industry data from the Kem C. Gardner Policy Institute is also very helpful in understanding the economic impact that is generated by direct and indirect spending inside the Cultural Core and across Salt Lake City and Salt Lake County. Year-6: July 1, 2022, through June 30, 2023 After being awarded the contract in 2017, Downtown SLC Presents worked with stakeholders, creatives, and consultants to dream and imagine an apparatus that would be efficient with limited resources, malleable to serve our community, and dynamic and agile to achieve lofty goals. Downtown SLC Presents is uniquely qualified to take up the next five years of implementation and will do so in collaboration with the artistic community and under the guidance of the Cultural Core Budget Committee. In elevating arts, culture, and entertainment downtown, Downtown SLC Presents has helped exhilarate the economy for the entire region. Continued investment in the individuals and organizations programming in the core remains a priority. We are focused on building audiences and growing awareness of the vast arts, culture, and entertainment opportunities in THE BLOCKS. In year-6 THE BLOCKS will focus on promoting existing arts organizations’ programming and investing in placemaking throughout the cultural core. Marquis events may include Open Streets, Glow Sculptural Garden, Last Hurrah!, NBA All Star week activations, Groove at Gallivan, Locally Made, Locally Played, and BLOCKS Social House. THE BLOCKS Social House is a quarterly event aimed at our local arts and culture leaders to better understand their changing needs so we can continue to support Cultural Core programming. The marketing and promotion strategies will continue to target audiences across the city, County, State, and Intermountain west. As more and more organizations take advantage of THE BLOCKS resources we will continue to invest in photographic and video assets. This will ensure not only a rich asset bank for use in our ongoing promotions and marketing campaigns but will help THE BLOCKS and the creative community have a greater online presence. A specific focus on Spanish language content is aimed at growing audiences and increasing equity and inclusion. Program and event expenses are focused on increasing artist opportunities, supplementing existing arts organization programming, working closely with arts organizations to curate content and offerings, audience development, and providing opportunities for our creative community to program through the continuation of various placemaking projects and strategic deployments of the BLOCKS Truck and assets. THE BLOCKS continues to be a leader in programming, placemaking, and promotions. In the last 12 months THE BLOCKS has supported more artists than ever before, created strong placemaking and programming opportunities that have driven audiences to the Cultural Core, built audiences, and strengthened our economy. The work completed, investments made and overall impact in year-five garnered great support from our creative community stakeholders, Cultural Core Budget Committee Representatives, businesses, and audiences. THE BLOCKS reach, brand awareness, and overall impact continues to grow and the implementation of the Cultural Core Master Plan is on target. The partnerships that have been forged will continue to strengthen and grow, creating exciting opportunities for arts and culture to flourish and guide THE BLOCKS over the coming years. Thank you for your support. For more information about marketing, programming and outreach, and other communications efforts, please refer to the full overview and budget attachment below. Attachments: o Cultural Core – Salt Lake City Memo/Letter from Lucas Goodrich, Program Director o Cultural Core Year-5 Overview & Year-6 Budget and Plan Salt Lake County Council o Cultural Core July 1, 2022- June 30, 2023 Contracted Services Budget – Salt Lake City Council Memo September 19, 2022 To: Felicia Baca, Executive Director, Salt Lake City Arts Council and Cultural Core Contract Manager for Salt Lake City Corporation Re: Cultural Core Year-5 Executive Summary and Year-6 Budget and Plan The Cultural Core Budget Committee has reviewed and approved the budget and plan for Year-6 of the Cultural Core Initiative. This memo serves as an executive summary and presentation on Year-5 performance, and plans for Year-6. Five years ago, Downtown SLC Presents was selected to implement the ambitious Cultural Core Action Plan, a 20-year investment to advance downtown Salt Lake as the premier cultural district in the Intermountain West. We are pleased to continue as the implementation manager for the Cultural Core. We reassert our commitment to our mission of building a vibrant downtown creative community. After being awarded the contract in 2017, Downtown SLC Presents worked with stakeholders, creatives, and consultants to dream and imagine an apparatus that would be efficient with limited resources, malleable to serve our community, and dynamic and agile to achieve lofty goals. Comprehensive conversations led our organization to construct the brand identity of The Blocks, a cue to Salt Lake’s history of numbered blocks that delineated distinct districts. We are proud of the work completed: activations like Open Streets, fully-animated by funding from The Blocks for street buskers; marquee placemaking like GLOW, a free winter activation using large-scale experiential sculptures; promoting legacy arts organizations and amplifying smaller entrepreneurial artistic endeavors; large scale murals painted by artists and art lovers; and literally dozens of other projects focused on expanding and diversifying Cultural Core artists and audiences. We learned a lot during the inaugural five years and are excited about the potential before us all in the core. We are uniquely qualified to take up the next five years of implementation and will do so in collaboration with the artistic community and under the guidance of the Cultural Core Budget Committee. In elevating arts, culture, and entertainment downtown, we have helped exhilarate the economy for the entire region. We look forward to working with you to continue making this an extraordinary city. YEAR-5: July 1, 2021 through June 30, 2022 THE BLOCKS continued to heavily invest in marketing and promoting arts,culture, entertainment,and nightlife programming in the Cultural Core.Digital ads,social media,radio, and online/mobile content are our biggest areas of investment.These efforts resulted in consistent growth of public awareness of offerings.Through our data feed partnership with Now Playing Utah,we prominently display event listings on theblocksslc.org.There are,on average,more than 100 events,programs,and happenings each month that we promote and amplify.Additional amplification and support is lent through our social media and blog efforts. Boosted posts,paid social media,targeting and retargeting are some of the ways we engage a wide demographic.We have seen an increase in social media reach on Facebook and Instagram and reached more than 100,000 users just on those two platforms.Across all our social media platforms we consistently reach more than 250,000 users.Additionally,our partnership with the Salt Lake Tribune resulted in growth in pageviews and average views per article.From July 1, 2021 -June 30,2022,48 Salt Lake Tribune articles were written featuring Cultural Core content and reached more than 230,000 users. Additional investments in Spanish language radio ads,social media ads,and translated press releases,has expanded our reach and continues to be an area of focus so that we can be on the leading edge of equity and inclusion.Our Main Street kiosks provide more than $80,000 in advertising value each year for Cultural Core programmers.We proudly and prominently display program and event advertisements in our 4 kiosks located along a high traffic area of Main Street. THE BLOCKS worked hard to highlight the people,spaces,places,and opportunities to engage with the arts.Nimble activations and new audience experiences were created through Open Streets activations,including the expansion of our Eccles Lobby activation partnership with Salt Lake County Arts &Culture,Alleyways Amplified on Edison Street,Groove at Gallivan,Glow Sculptural Garden,and a series of musical activations in partnership with Visit Salt Lake.These activations were enjoyed by businesses and their employees,conventioneers,and of course the many visitors who come to Salt Lake City to enjoy all of the amenities found in the Cultural Core. We deployed our event programming assets 40 times to 30 programmers and provided an in kind value of $15,000.In the last year we have deployed more than $50,000 to artists,makers, and creators and facilitated more than 300 activations that featured more than 800 performers. We continue to invest in THE BLOCKS Public Art and Mural Trail app with videos,photos and artist information on over 60 pieces of public art and murals within THE BLOCKS.We also invested in street pole banners to promote organizations producing programming within the Cultural Core and recently unveiled a new multilingual banner campaign as par t of our diversity, equity and inclusion efforts. Other signature events and programs include Last Hurrah,an annual legacy event on new years eve that welcomes 10,000 visitors to the Gateway to ring in the new year and Locally Made, Locally Played,a partnership with KUAA radio to showcase local musicians.This program,airing twice a week,continues to reach viewers internationally,nationally,and throughout our state. More than 40% of listeners come from outside of Salt Lake City, but within Salt Lake County. We recently brought Locally Made, Locally Played out of the studio and onto the stage. On July 24, 2022, the Locally Made, Locally Played live music stage presented by THE BLOCKS, entertained more than 8000 people with a free concert. GLOW Sculptural Garden and Groove at Gallivan continue to grow! Immersive, outsized experiential and interactive lighted sculptures along with live music created and performed by local artists of diverse backgrounds, delight visitors in the heart of our city. These activities, especially popular during the holidays, are an additional amenity brought to you by THE BLOCKS as part of our larger holiday campaign efforts to welcome audiences to the Cultural Core. Open Streets returned again this year from Memorial Day weekend through Labor Day weekend. The closure of Main Street, creating a pedestrian promenade and allowing businesses to safely expand their premises to serve additional customers, continues to be a huge success. We programmed more than 150 artists per month to entertain visitors as they stroll along Main Street. These performances highlight the breadth and depth of our creative community and provide a platform for creatives to share their craft with more than 25,000 visitors each weekend. Success was validated with data collected through our website, media partners and social media channels as well as feedback from the creative community. Visitation to the Cultural Core and dwell time within the Cultural Core are both very meaningful metrics and we have seen increases in both. Ticket sales cannot be the only metric for measuring audiences and marketing performance as they do not accurately capture the diversity of artistic content nor the diversity of the audience. That is why we utilize Placer.ai and Zartico. Placer.ai is a data tool that allows us to compare visitation in specific areas, time of day, and events to understand visitor trends. For example, Placer.ai allowed us to see the increase in visitors and increase in dwell time for Open Streets. These figures validate our marketing and promotion efforts as well as our programming efforts. We saw a direct correlation between Open Streets and BLOCKS programming to the number of weekend visitors to the Cultural Core. Zartico is a new tool we will begin using in the 2022-2023 fiscal year. It provides insights on Cultural Core patrons and their economic impact. This data will inform how we adjust programming and promotions to expand and diversify the audience. We have access to this powerful data source through our strategic partner Visit Salt Lake. Industry data from the Kem C. Gardner Policy Institute is also very helpful to understand the economic impact that is generated by direct and indirect spending inside the Cultural Core and across Salt Lake City and Salt Lake County. Year-6: July 1, 2022 through June 30, 2023 Continued investment in the individuals and organizations programming in the core remains a priority. We are focused on building audiences and growing awareness of the vast arts, culture, and entertainment opportunities in THE BLOCKS. In year-6 THE BLOCKS will focus on promoting existing arts organizations’ programming and investing in placemaking throughout the cultural core. Marquis events may include: Open Streets, Glow Sculptural Garden, Last Hurrah!, NBA All Star week activations, Groove at Gallivan, Locally Made, Locally Played, and BLOCKS Social House. BLOCKS social house is a quarterly event aimed at our local arts and culture leaders to better understand their changing needs so we can continue to support Cultural Core programming. These marquis events led by THE BLOCKS are in addition to the more than 100 programs and events that happen on a monthly basis. Our marketing and promotion strategies will continue to target audiences across the City, County,State,and Intermountain west.As more and more organizations take advantage of BLOCKS resources we will continue to invest in photographic and video assets.This will ensure not only a rich asset bank for use in our ongoing promotions and marketing campaigns,but will help THE BLOCKS and the creative community have a greater online presence.A specific focus on Spanish language content is aimed at growing audiences and increasing equity and inclusion. Program and event expenses are focused on increasing artist opportunities,supplementing existing arts organization programming,working closely with arts organizations to curate content and offerings,audience development,and providing opportunities for our creative community to program through the continuation of various placemaking projects and strategic deployments of the BLOCKS Truck and assets.We will measure success through visitation, ticket sales, artist and arts group participation, and economic impact. THE BLOCKS continues to be a leader in programming,placemaking,and promotions.In the last 12 months we have supported more artists than ever before,created strong placemaking and programming opportunities that have driven audiences to the Cultural Core,built audiences,and strengthened our economy.The work completed,investments made and overall impact in year-five garnered great support from our creative community stakeholders, Cultural Core Budget Committee Representatives,businesses,and audiences.THE BLOCKS reach,brand awareness,and overall impact continues to grow and the implementation of the Cultural Core Master Plan is on target.The partnerships that have been forged will continue to strengthen and grow,creating exciting opportunities for arts and culture to flourish and guide THE BLOCKS over the coming years. Thank you for your support. Sincerely, Lucas Goodrich, DMA Cultural Core Program Director C: 217-621-9037 O: 801-364-3631 E:lucas@downtownslc.org 201 S. Main Street #2300 Salt Lake City, UT, 84111 THE BLOCKS is Salt Lake’s Cultural Core and a visionary initiative of Salt Lake City and Salt Lake County to promote the abundance and vibrancy of our creative community, facilitate partnerships and collaborations with our creative community, and activate underutilized spaces to establish downtown Salt Lake City as the premier cultural district of the Intermountain West. Cultural Core Goals Celebrate and promote Salt Lake’s rich array of arts and cultural activities and experiences. Enhance Salt Lake’s brand and support increased visitation from the region and Intermountain West. Support increased collaboration and creative development among Salt Lake’s creative community. Expand and diversify audiences for Salt Lake’s arts and culture. Foster downtown as an inclusive, diverse, and welcoming place. Support downtown residential growth. Enhance the downtown business environment. Enrich the urban experience and sense of place. Cultural Core Year-5 Overview &Year-6 Budget and Plan The Cultural Core Budget Committee has reviewed and approved the plans and budget for year-six of the Cultural Core Initiative. Salt Lake City: Salt Lake County: Erig Egenolf (co-chair) Grace Lin (co-chair) Durga Ekambaram Lia Summers Shaleane Gee Isaac Gonzalez Felicia Baca: City Contract Manager Matt Castillo: County Contract Manager Year-6 Cultural Core Operating Budget: $500,000 PROGRAMS & EVENTS: $242,700 MARKETING & PROMOTION: $198,270 OFFICE & ADMINISTRATIVE: $59,030 Cultural Core contract allowable annual administration costs: $215,000 or 43% Downtown SLC Presents year-6 annual administration costs: $59,030 or 12% Competitive administrative costs are one of the many operating efficiencies Downtown SLC Presents provides as the Cultural Core Action Plan Implementation Manager. Downtown SLC Presents has added a fundraising staff member to the Cultural Core team to raise funds to augment the $500,000 budget of the interlocal agreement and the costs of existing and new programming. Our 2022 - 2023 fundraising goal of $10,000, outlined in the budget document below, has been met. However, we are still pursuing additional funding sources to further our plans for this fiscal year and beyond. On our website, theblocksslc.com, we prominently display more than 100 event listings each month utilizing data feed services from Now Playing Utah. Search engine optimization is used and drives traffic to our website. Users may then click the link that drives them to the organization/venue website to find out more information about the event and to buy tickets. In addition to the amplification of these events through our website, we promote these programs and events across all of our social and digital platforms to our 250,000 collective followers. For example, through our data feed efforts on our website and social media, we tracked 13,000 ad exposed viewers from our listings/postings to Utah Symphony/Utah Opera websites. These banners are representative of the physical and digital banners we use on social and digital media and throughout the Cultural Core on street poles. Our goal is to display the vibrant imagery that captures the breadth and depth of our creative community and the wide range of opportunities to engage with the spaces, places, and opportunities within the arts, culture, nightlife, and entertainment sector. These banners are part of our new multilingual campaign. Efforts such as these embrace the diverse offerings of the Cultural Core and the diverse audiences who visit. These 12ft banners are placed along Main Street between 300 South and 100 South. Our Main Street kiosks provide opportunities for arts organizations to display their event listings in a high traffic area in the heart of the Cultural Core. There are 4 kiosks along Main Street with 6 windows in each. These kiosks provide organizations an annual in kind value of more than $80,000 in advertising value. From July 1, 2021 - June 30, 2022, our 4 Main Street Kiosk displayed event listings for 48 organizations presenting 53 events. The lower portion of the kiosks contain revolving artwork from local artists. Artists are compensated for their commissions. From July 1, 2021 - June 30, 2022, 48 Salt Lake Tribune articles were written featuring Cultural Core content and reached more than 230,000 users. Radio ads drive an 18.5% increase in website traffic Radio advertising continues to be an effective way to reach audiences across Salt Lake County, Salt Lake Valley, and our drive in markets in Southern Utah, Nevada, Idaho, and Wyoming. THE BLOCKS broadcasts English and Spanish language radio ads There are more than 140,000 spanish speakers in Salt Lake County. We continue to increase our investments in Spanish language social and digital ads and blog content. This post reached more than 7,000 Facebook and Instagram users. Locally Made, Locally Played: out of the studio and onto the streets! We recently programmed THE BLOCKS Locally Made Locally Played Live Music Stage at the Gateway on July 24, 2022. 8,000 visitors enjoyed live music from 6 acts. This is an increase of approximately 3,500 visitors based on the weekends leading up to and following this event. This also drove additional visitation to Hall Pass, Seabird, Flanker, and many other Gateway food & beverage and retail locations. GLOW Sculptural Garden at Gallivan: For two years, Downtown Alliance and THE BLOCKS have added vibrancy through interactive lighting and sculptures at Gallivan Center. Three, outsized and interactive sculptures augmented downtown holiday lighting, Gallivan holiday lighting, and the plethora of other holiday offerings and amenities in the Cultural Core. These installations drove a 30% year over year increase in Gallivan Plaza foot traffic during the 3 months these installations were programmed. Groove at Gallivan: We partnered with Gallivan to program 3 weekends of live music, specifically forced on featuring BIPOC artists and BIPOC led creatives. Eight artists were hired and all self identified as African American, Hispanic, Latin, or Spanish speaking. Our marketing and promotion efforts targeted audiences within a 75 mile radius and were specifically targeted at diverse audiences in West Valley City, South Jordan, West Jordan, and other zip codes that have higher diversity. Gallivan staff reported increases in concession sales, skate rentals, and foot traffic on these 3 weekends. Data is very important to our success. We have a whole suite of data partners that provide critical information on visitation, spending, marketing impact, community impact, and economic impact. The Cultural Core is an integral part of the massive economic engine of the arts, culture, and entertainment industry in Salt Lake City, Salt Lake County, the region, and across the state. The Cultural Core has the highest concentration of arts, culture, and entertainment opportunities in the region, with more than 3 million tickets sold annually within the Cultural Core. Cultural Industry jobs in Salt Lake County, a majority of them within the Cultural Core, account for nearly 7% of the Salt Lake County jobs. Tax revenue generated from arts, culture, and entertainment industry sales supports health and human services, public safety, education, and a broad array of other services that impact our community. Arts and entertainment promotion is economic development Consumer spending by arts and entertainment patrons:*per event MUSEUMS AND EDUCATIONAL EVENTS $183LIVE PERFORMANCES $170PUBLIC EVENTS $131 In addition to the 3 million tickets sold annually in the Cultural Core, there are hundreds of free and non ticketed, revenue producing events. For example, visitors spend on parking, dining, retail, etc. Across all categories of events, the average spend per customer is more than $100 per event, even for free, non-ticketed events! The economic impact is immense and the return on the City and County’s investment in arts,culture and entertainment, specifically the Cultural Core, is exponential and continues to grow. Arts, culture, entertainment, and nightlife is leading the economic recovery. The industry is currently hovering around 90% of pre-pandemic levels and continues on an upward trajectory. This visitation chart details the number of visitors to the Cultural Core between July 1 and June 30 (3pm - 12am) and provides a 3 year comparison (2019-2021). Last Hurrah! Every December 31st, we partner with the Gateway to ring in the new year. This graph shows December 31, 2021 visitation to Last Hurrah! and tells us where audiences were coming from. A key item in the Cultural Core Action Plan is to market and promote to audiences within a 75 mile radius of the Cultural Core. We also regularly market, through a diverse mix of media, to drive in audiences in Southern and Northern Utah, Wyoming, Nevada, and Idaho. Understanding visitation patterns, including where we are drawing from, is crucial to to our marketing and promotion strategy and audience building and diversification strategy. We also track dwell time. Visitation + dwell time + data outlining economic spending = IMPACT and return on investment. Our creative community comes from across Salt Lake City, Salt Lake County, and beyond. This graph represents approximately 250 vendors served (artists + entertainers hired directly). This graph only represents about 25% of the true number of artists that we programmed this past fiscal year. One vendor may include multiple artists. In the 2021 - 2022 fiscal year, more than 800 artist and entertainers were engaged with a paid opportunity. During Open Streets 2022 (May 2022 - September 2022), we averaged about 150 artists per month. These artists and arts groups delighted downtown audiences as they strolled Main Street. We provided a platform to perform and of course competitive, market rate wages. This direct artist support is in addition to other artist and arts group resources, programming assets, and marketing and promotion support that we provide. In the last year we have deployed more than $50,000 to artists, makers, and creators and facilitated more than 300 activations that featured more than 800 artists, makers, and creators. In the 2021 - 2022 fiscal year we deployed our event programming assets 40 times to 30 programming organizations and provided an in kind value of $15,000. THE BLOCKS mobile art truck regularly transports assets to and from events, serves as a temporary canvas, and can be used as a backdrop or advertising space for events. Artist Testimonials ●“Thank you for all of the wonderful opportunities! Can't even tell you how much fun I had at both Pie & Beer Day and Busking downtown for the Blocks! Hope to continue working together. I'm so grateful to be included in your creation of culture.” ●“The festival was a tremendous success from my eyes. The phenomenon of so many brewers, bakers, local businesses, volunteers, performers, etc coming together is truly incredible!” ●“I honestly think that you guys KILLED IT! Free programming every weekend? Open Streets rocks!” ●“The turnout was HUGE. You guys deserve to take a bow. I know that was months and months of work and preparation leading to the big day.” Year-6 Cultural Core Operating Budget: $500,000 PROGRAMS & EVENTS: $242,700 MARKETING & PROMOTION: $198,270 OFFICE & ADMINISTRATIVE: $59,030 Cultural Core Action Plan Implementation and Management Services Contract No. 08-1-17-9279 Downtown SLC Presents Contractor Services for: July 1, 2022 - June 30, 2023 FUNDING Year-6 Disbursement approved by Cultural Core Budget Committee: $500,000 $250,000 Salt Lake City Investment $250,000 Salt Lake County Investment It is important to note that the current inflation rate is 7.9% in the U.S. This will directly impact future program and production costs. Downtown SLC Presents has added a fundraising staff member to the Cultural Core team to raise funds to augment the $500,000 budget of the interlocal agreement and the costs of existing and new programming.Our 2022 -2023 fundraising goal of $10,000, outlined in the budget document below, has been met.However, we are still pursuing additional funding sources to further our plans for this fiscal year and beyond. EXPENSES PROGRAMS & EVENTS: $242,700 Programmatic expenses are focused on producing arts and entertainment content to develop audiences and raise awareness of all arts and entertainment offerings in the Cultural Core. Funding for direct artist payments are also funded under this programming.Programmatic payroll, taxes and benefits = $209,530. MARKETING & PROMOTION: $198,270 Marketing expenses are focused on promoting 40 Cultural Core arts organization programming via social media, print, outdoor, broadcast and digital advertising. An innovative arts coverage program with the Salt Lake Tribune is budgeted here and will generate 50 articles on Cultural Core content. There are also investments budgeted to capture photographic and video assets to use in ongoing promotions and marketing campaigns. ADMINISTRATIVE EXPENSES: $59,030 Office & Administrative expenses:rent, office expenses,meetings, travel, seminars, bank fees, equipment, payroll services, accounting. The Cultural Core management contract allows for annual administration costs, not to exceed $215,000 or 43% of the overall budget. Under Downtown SLC Presents management of the Cultural Core Action Plan,our 2022-2023 fiscal year administration costs are estimated to be just 12% of the overall budget or $59,030.00. This is one of many efficiencies and economies that we provide as the contractor. Budget follows on pages 2 and 3. 1 Year-6 Cultural Core budget 2022-2023 Admin Program Total Estimated Revenue Cultural Core Allocation: City and County 60,000.00 440,000.00 500,000.00 Grants 0 5,000.00 5,000.00 Sponsorships 0 5,000.00 5,000.00 TOTAL REVENUE $60,000.00 $450,000.00 $510,000.00 Payroll Expenses Cultural Core Payroll, Taxes, & Benefits 10,600.00 128,730.00 139,330.00 Downtown Alliance Allocated Payroll Taxes, & Benefits 13,830.00 56,370.00 70,200.00 TOTAL $24,430.00 $185,100.00 $209,530.00 Office/Admin Occupancy/Rent 21,830.00 0 21,830.00 Office Expenses 7,420.00 0 7,420.00 Meetings.Travel, Seminars 2,250.00 0 2,250.00 Bank Fees 100 0 100 Equipment 2,500.00 0 2,500.00 Payroll Services/Accounting 500 0 500 TOTAL $34,600.00 $0.00 $34,600.00 Marketing Expenses Printing 0 10,000.00 10,000.00 Graphic design 0 500 500 Broadcast Media 0 30,000.00 30,000.00 Social Media 0 75,000.00 75,000.00 Outdoor Advertising 0 4,000.00 4,000.00 Web design & support 0 1,000.00 1,000.00 Marketing & Public relations 0 60,000.00 60,000.00 Studies and Survey 0 12,000.00 12,000.00 Video Production 0 7500 7500 2 Year-6 Cultural Core budget 2022-2023 TOTAL $0.00 $200,000.00 $200,000.00 Contracted Services Entertainers, Bands, Speakers 0 15,000.00 15,000.00 Visual arts/installations 0 30,000.00 30,000.00 TOTAL $0.00 $45,000.00 $45,000.00 Events Venue Rental 0 750 750 Equipment Rental 0 250 250 Vehicle Expenses 0 1,000.00 1,000.00 Permits 0 250 250 Contributions & Grants Given 0 5,000.00 5,000.00 Event Parking 0 250 250 Event Supplies 0 5,000.00 5,000.00 Event Planning 0 100 100 TOTAL $0.00 $12,600.00 $12,600.00 TOTAL EXPENSES $59,030.00 $440,970.00 $510,000.00 *The Cultural Core Budget Committee has reviewed and approved the budget and plan for Year-6 of the Cultural Core Initiative. 3