|
[Gallery One Visual Arts Center Application for Lodging Tax][2016]
<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 />2017
<br />Budget -est
<br />Jan -Dec Jan -Dec Jan-Dec 2016 7%
<br />13 14 2015 Budget increase
<br />Revenue
<br />Class-Workshop-
<br />Lecture Income 12,382.01 14,218.85 15,200.00 15,000.00 18,000.00
<br />Community School
<br />of Arts Income 40,788.26 36,811.10 44,000.00 42,000.00 42,000.00
<br />Donations 21,463.59 19,094.52 19,872.00 19,000.00 19,000.00
<br />Events Income 65,705.58 74,109.41 73,142.00 78,000.00 82,000.00
<br />Exhibit Income 13,294.05 12,377.54 17,272.00 15,500.00 20,000.00
<br />Membership
<br />Income 20,440.50 22,547.25 27,072.00 30,000.00 30,000.00
<br />Rental Income 18,946.69 18,900.00 19,475.00 20,000.00 20,000.00
<br />Sales Income 94,853.01 109,285.05 116,285.00 102,000.00 110,000.00
<br />Grant Income 29,000.00 19,500.00 17,369.00 13,500.00 20,000.00
<br />Other Income -0.27 446.31 303 0 0
<br />Total Revenues 316,873.42 327,290.03 349,990.00 335,000.00 361,000.00
<br />In-kind Contributions
<br />Volunteer Labor
<br />(est)112,640.00 112,640.00 112,640.00 112,640.00 112,640.00
<br />Donated Services 9,800.00 11,000.00 13,000.00 13,000.00 13,000.00
<br />Donated Materials
<br />(est)2,000.00 2,000.00 10,000.00 2,000.00 2,000.00
<br />Total In-Kind Contributions 124,440.00 125,640.00 135,640.00 127,640.00 127,640.00
<br />Expense
<br />Advertising 3,240.17 2,983.66 2,972.00 2,900.00 2,900.00
<br />Bank-Other Service
<br />Fees 4,978.69 6,823.10 6,927.00 5,850.00 5,850.00
<br />Classes-
<br />Workshops-
<br />Lectures 8,040.34 9,877.92 10,310.00 9,600.00 9,600.00
<br />Community School
<br />of Art Expense 1,736.41 3,715.62 7,792.00 3,800.00 3,800.00
<br />Costs of Goods Sold 60,131.02 70,263.98 73,867.00 64,250.00 69,300.00
<br />10
|