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[Gallery One Visual Arts Center Application for Lodging Tax] 20161
<br />8. Project Budget:
<br />Over the past five years, Gallery One's budget has remained stable with a consistent increase. Since 2015, we have
<br />seen a 40% increase in workshops and a 9% increase in event income. Foreseeing no major changes, the 2017
<br />budget projection is based on 2016.
<br />10
<br />2017
<br />Budget - est
<br />Jan - Dec
<br />Jan - Dec
<br />Jan- Dec
<br />2016
<br />7%
<br />13
<br />14
<br />2015
<br />Budget
<br />increase
<br />Revenue
<br />Class -Workshop -
<br />Lecture Income
<br />12,382.01
<br />14,218.85
<br />15,200.00
<br />15,000.00
<br />18,000.00
<br />Community School
<br />of Arts Income
<br />40,788.26
<br />36,811.10
<br />44,000.00
<br />42,000.00
<br />42,000.00
<br />Donations
<br />21,463.59
<br />19,094.52
<br />19, 872.00
<br />19,000.00
<br />19,000.00
<br />Events Income
<br />65,705.58
<br />74,109.41
<br />73,142.00
<br />78,000.00
<br />82,000.00
<br />Exhibit Income
<br />13,294.05
<br />12,377.54
<br />17,272.00
<br />15,500.00
<br />20,000.00
<br />Membership
<br />Income
<br />20,440.50
<br />22,547.25
<br />27,072.00
<br />30,000.00
<br />30,000.00
<br />Rental Income
<br />18,946.69
<br />18,900.00
<br />19,475.00
<br />20,000.00
<br />20,000.00
<br />Sales Income
<br />94,853.01
<br />109,285.05
<br />116,285.00
<br />102,000.00
<br />110,000.00
<br />Grant Income
<br />29,000.00
<br />19,500.00
<br />17,369.00
<br />13,500.00
<br />20,000.00
<br />Other Income
<br />-0.27
<br />446.31
<br />303
<br />0
<br />0
<br />Total Revenues
<br />316,873.42
<br />327,290.03
<br />349,990.00
<br />335,000.00
<br />361,000.00
<br />In-kind Contributions
<br />Volunteer Labor
<br />(est)
<br />112,640.00
<br />112,640.00
<br />112,640.00
<br />112,640.00
<br />112,640.00
<br />Donated Services
<br />9,800.00
<br />11,000.00
<br />13,000.00
<br />13,000.00
<br />13,000.00
<br />Donated Materials
<br />(est)
<br />2,000.00
<br />2,000.00
<br />10,000.00
<br />2,000.00
<br />2,000.00
<br />Total In -Kind Contributions
<br />124,440.00
<br />125,640.00
<br />135,640.00
<br />127,640.00
<br />127,640.00
<br />Expense
<br />Advertising
<br />3,240.17
<br />2,983.66
<br />2,972.00
<br />2,900.00
<br />21900.00
<br />Bank -Other Service
<br />Fees
<br />4,978.69
<br />6,823.10
<br />6,927.00
<br />5,850.00
<br />5,850.00
<br />Classes-
<br />Workshops -
<br />Lectures
<br />8,040.34
<br />9,877.92
<br />10,310.00
<br />9,600.00
<br />9,600.00
<br />Community School
<br />of Art Expense
<br />1,736.41
<br />3,715.62
<br />7,792.00
<br />3,800.00
<br />3,800.00
<br />Costs of Goods Sold
<br />60,131.02
<br />70,263.98
<br />73,867.00
<br />64,250.00
<br />69,300.00
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