HomeMy WebLinkAboutTransmittal - 7/15/2024SALT LAKE CITY TRANSMITTAL
To:
Salt Lake City Council Chair
Salt Lake City Redevelopment Agency Chair
Start Date:
07/03/2024
Date Sent to Council:
07/12/2024
From:
Employee Name:
Baca, Felicia
E-mail
Felicia.Baca@slcgov.com
Department
Economic Development
Department Director Signature Chief Administrator Officer's Signature *
Director Signed Date
07/08/2024
Chief Administrator Officer's Signed Date
07/12/2024
Subject:
Approved Budget - follow up of Cultural Core Year-7 Year to Date Executive Summary & Year-8 Plan from March 2024
Additional Staff Contact:
Felicia Baca, felicia.baca@slcgov.com
Presenters/Staff Table
n/a
Document Type *
Information Item
Budget Impact *
Yes
No
Budget Impact:
Recommendation:*
n/a
Background/Discussion (?)
On February 27th, 2024, a report was sent to Council with Year 7 Recap and Year 8 Cultural Core Plans in anticipation of Salt Lake
City’s budget approval process. On March 26th Britney Helmers with The Blocks presented this information to the City Council. In June
2024, the Cultural Core budget was approved by the Cultural Core Budget Committee, which is now being transmitted to the City
Council per the Interlocal Agreement. The annual appropriation from Salt Lake City is $300,000.
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. In 2022, 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.
Will the City Council need to hold a public hearing for this item?*
Yes
No
Public Process
“Recommendations of the Budget Committee shall be annually adopted by majority, vote and transmitted to the Mayors and Councils of the City and County for final approval. Expenditure of each Party 's portion of the Incremental Sales Tax shall be reviewed and may be made by approval of a budget appropriation by the respective entity upon receipt of a favorable recommendation of the Budget Committee.” -Salt Lake City and County Interlocal Agreement.
Chief Administrator Officer's Comments
12:44 PM CULTURAL CORE/ THE BLOCKS FY25 BUDGET June 28, 2024
Page 1 - For Internal Use Only
TOTAL Budget
(Cultural Core)
Jul '24 - Jun 25
Ordinary Income/Expense
Income
31000 · Sponsors & Grants
31150 · Other Government Grants
31200 · Foundation Grants
31300 · Corporate Sponsors
Total 31000 · Sponsors & Grants
37000 · Other Revenues
37300 · Mgmt Revenue Inter Company
Total 37000 · Other Revenues
Total Income
Gross Profit
Expense
60000 · Payroll, Taxes & Benefits
60100 · Compensation
60110 · Salary and Wages
60120 · Wages - Cell Phone
Total 60100 · Compensation
60200 · Benefits
60210 · Health Insurance
60230 · Life & Disability
60250 · 401 K Retirement
60270 · Staff Parking
60280 · Workers Compensation
Total 60200 · Benefits
60300 · Payroll taxes
60500 · Allocated Payroll & Benefits
Total 60000 · Payroll, Taxes & Benefits
70000 · Office & Administrative Expense
71000 · Occupancy
71100 · Rent & Utilities
71200 · Internet & Telephone
71400 · Office Repairs & Maintenance
71500 · Office Equipmen Rental
71700 · Liability & Commercial Insuranc
Total 71000 · Occupancy
72000 · Office Expenses
72100 · Supplies
72200 · Postage
72300 · Flowers & Gifts
72400 · Dues
72450 · Software Licenses Annual/Monthl
Total 72000 · Office Expenses
73000 · Meetings, Entertainment, Travel
600,000.00
94,000.00
109,700.00
803,700.00
0.00
0.00
803,700.00
803,700.00
284,689.81
0.00
284,689.81
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
284,689.81
19,000.00
1,200.00
3,600.00
1,200.00
1,400.00
26,400.00
400.00
110.00
0.00
0.00
1,000.00
1,510.00
12:44 PM CULTURAL CORE/ THE BLOCKS FY25 BUDGET June 28, 2024
Page 2 - For Internal Use Only
TOTAL Budget
(Cultural Core)
Jul '24 - Jun 25
73100 · Meetings and Entertainment
73200 · Travel, Lodging & Meals
73210 · Convention & Seminar Registrati
Total 73000 · Meetings, Entertainment, Travel
74000 · Bank Fees & Service Charges
74100 · Bank Fees
Total 74000 · Bank Fees & Service Charges
75000 · Professional Services
75200 · Audit & Tax Services
75500 · Payroll Services
Total 75000 · Professional Services
76000 · Other Administrative Expenses
76100 · Depreciation
76400 · Government Taxes & Fees
Total 76000 · Other Administrative Expenses
Total 70000 · Office & Administrative Expense
80000 · Program & Event Expense
81000 · Marketing Expenses
81100 · Printing
81110 · Design
81120 · Photography
81200 · Broadcast Media
81220 · Social Media
81300 · Web Design & Support
81400 · Public Relations
81500 · Studies and Survey
81600 · Video Production
Total 81000 · Marketing Expenses
82000 · Contracted Services
82100 · Entertainers/Speakers
82300 · Event Coordinators
82480 · Visual Arts/Installations
82500 · General Labor
Total 82000 · Contracted Services
82400 · Other Event Expenses
82420 · Event Permits & Licenses
Total 82400 · Other Event Expenses
83000 · Facilities & Equipment
83100 · Venue Rentals
83700 · Event Equipment Rental
83920 · Vehicle Expense
Total 83000 · Facilities & Equipment
85000 · Other Event Operating Expense
1,400.00
3,000.00
3,000.00
7,400.00
0.00
0.00
0.00
500.00
500.00
1,500.00
0.00
1,500.00
37,310.00
2,200.00
7,600.00
12,600.19
53,000.00
10,900.00
17,500.00
0.00
0.00
4,300.00
108,100.19
51,600.00
20,000.00
130,000.00
15,000.00
216,600.00
0.00
0.00
0.00
2,000.00
1,000.00
3,000.00
12:44 PM CULTURAL CORE/ THE BLOCKS FY25 BUDGET June 28, 2024
Page 3 - For Internal Use Only
TOTAL Budget
(Cultural Core)
Jul '24 - Jun 25
85100 · Contributions & Grants Given
85210 · Prog/Event Software & Licenses
85300 · Event Parking
85400 · Event Supplies
85800 · Event Planning
Total 85000 · Other Event Operating Expense
Total 80000 · Program & Event Expense
Total Expense
Net Ordinary Income
Net Income 0.00
129,000.00
5,000.00
0.00
20,000.00
0.00
154,000.00
481,700.19
803,700.00
0.00
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