Transmittal - 7/15/2024 UA 18414 SALT
LAKE CITY
TRANSMITTAL
To: Start Date: Date Sent to Council:
Salt Lake City Council Chair 07/03/2024 07/12/2024
Salt Lake City Redevelopment Agency Chair
From:
Employee Name: E-mail
Baca,Felicia Felicia.Baca@slcgov.com
Department
Economic Development
Department Director Signature Chief Administrator Officer's Signature*
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Director Signed Date Chief Administrator Officer's Signed Date
07/08/2024 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: Presenters/Staff Table
Felicia Baca,felicia.baca@slcgov.com n/a
Document Type* Budget Impact* Budget Impact:
Information Item Yes
No
Recommendation:
n/a
Background/Discussion M
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
Ki-
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 Parry'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
TOTAL Budget
(Cultural Core)
Jul'24-Jun 25
Ordinary Income/Expense
Income
31000•Sponsors&Grants
31150 Other Government Grants 600,000.00
31200 Foundation Grants 94,000.00
31300 Corporate Sponsors 109,700.00
Total 31000•Sponsors&Grants 803,700.00
37000• Other Revenues
37300 • Mgmt Revenue Inter Company 0.00
Total 37000•Other Revenues 0.00
Total Income 803,700.00
Gross Profit 803,700.00
Expense
60000•Payroll,Taxes&Benefits
60100 •Compensation
60110 Salary and Wages 284,689.81
60120 Wages-Cell Phone 0.00
Total 60100• Compensation 284,689.81
60200 • Benefits
60210 Health Insurance 0.00
60230 Life&Disability 0.00
60250 401 K Retirement 0.00
60270 Staff Parking 0.00
60280 Workers Compensation 0.00
Total 60200•Benefits 0.00
60300 • Payroll taxes 0.00
60500 •Allocated Payroll&Benefits 0.00
Total 60000• Payroll,Taxes&Benefits 284,689.81
70000• Office&Administrative Expense
71000 •Occupancy
71100 Rent &Utilities 19,000.00
71200 Internet&Telephone 1,200.00
71400 Office Repairs&Maintenance 3,600.00
71500 Office Equipmen Rental 1,200.00
71700 Liability&Commercial Insuranc 1,400.00
Total 71000•Occupancy 26,400.00
72000 •Office Expenses
72100 Supplies 400.00
72200 Postage 110.00
72300 Flowers&Gifts 0.00
72400 Dues 0.00
72450 Software Licenses Annual/Month) 1,000.00
Total 72000•Office Expenses 1,510.00
73000 • Meetings,Entertainment,Travel
Page 1 - For Internal Use Only
12:44 PM CULTURAL CORE/THE BLOCKS FY25 BUDGET June 28, 2024
TOTAL Budget
(Cultural Core)
Jul'24-Jun 25
73100 Meetings and Entertainment 1,400.00
73200 Travel,Lodging&Meals 3,000.00
73210 Convention&Seminar Registrati 3,000.00
Total 73000•Meetings,Entertainment,Travel 7,400.00
74000 • Bank Fees&Service Charges
74100 • Bank Fees 0.00
Total 74000•Bank Fees&Service Charges 0.00
75000 • Professional Services
75200 Audit&Tax Services 0.00
75500 Payroll Services 500.00
Total 75000•Professional Services 500.00
76000 •Other Administrative Expenses
76100 Depreciation 1,500.00
76400 Government Taxes&Fees 0.00
Total 76000• Other Administrative Expenses 1,500.00
Total 70000•Office&Administrative Expense 37,310.00
80000• Program&Event Expense
81000 • Marketing Expenses
81100• Printing 2,200.00
81110•Design 7,600.00
81120 Photography 12,600.19
81200 Broadcast Media 53,000.00
81220 Social Media 10,900.00
81300 Web Design&Support 17,500.00
81400 Public Relations 0.00
81500 Studies and Survey 0.00
81600 Video Production 4,300.00
Total 81000•Marketing Expenses 108,100.19
82000 •Contracted Services
82100 Entertainers/Speakers 51,600.00
82300 Event Coordinators 20,000.00
82480 Visual Arts/Installations 130,000.00
82500 General Labor 15,000.00
Total 82000•Contracted Services 216,600.00
82400 •Other Event Expenses
82420 • Event Permits&Licenses 0.00
Total 82400•Other Event Expenses 0.00
83000 • Facilities&Equipment
83100 Venue Rentals 0.00
83700 Event Equipment Rental 2,000.00
83920 Vehicle Expense 1,000.00
Total 83000•Facilities&Equipment 3,000.00
85000 •Other Event Operating Expense
Page 2 - For Internal Use Only
12:44 PM CULTURAL CORE/THE BLOCKS FY25 BUDGET June 28, 2024
TOTAL Budget
(Cultural Core)
Jul'24-Jun 25
85100 Contributions&Grants Given 129,000.00
85210 Prog/Event Software&Licenses 5,000.00
85300 Event Parking 0.00
85400 Event Supplies 20,000.00
85800 Event Planning 0.00
Total 85000• Other Event Operating Expense 154,000.00
Total 80000• Program&Event Expense 481,700.19
Total Expense 803,700.00
Net Ordinary Income 0.00
Net Income 0.00
Page 3- For Internal Use Only
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