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Funding Shortfalls *Wlat changes would occur if the project couldni be funded? -increased dependence on outside corporate festival sponsors:This was a focus for us last two years.Not only did we attract more sponsors and at levels above anything we have had in the past,but we continue our dialog with them,about continuing support. -We reduced the number of venues in 2018,therefore,the associated musician expenses were reduced.That was probably a major factor in meeting budget expectations that year.If crunched we may have to do it again. -Our survey results have suggested attendees are looking for "bigger name" performers;unfortunately,big names come with big costs.We will be unable to afford this attraction without your support. -Facility redesign is at this point an unknown,and this complicates planning and projections. -The City admissions tax has had a significant impact on our profitability over the last 3 years.In 2019,we paid $3839,which is subtracted from our income (event sales)but,as a tax,it is not reported as an expense. 2500 character lirnt. Matching Funds 975.35 Percentage % This field will auto fill with the correct percentage based on your input to budget section below . 9|Project Budget Overview Please complete budget for this project/proposal.If your agency operates independently of this project application it may not be necessary to submit the entire agency budget.You must submit a budget which specifically pertains to the projectlevent for which you are requesting funding and adheres to the basic budget format shown below. The budget must include anticipated revenues,expenditures,and any potential profit or loss.For projectslevents which are ongoing for more than one (1)year,please also submit actuals from the previous three (3)years of operations (need not be consecutive)for the project/proposal if applicable. For any claimed in-kind contributions valued at $500 or more and related to marketingladvertising,you must submit verifying documentation which assures the contribution will be provided.For instance,if you are claiming in-kind contributions in the form of advertising match,a binding contract itemizing the matching value and obligating each party must be provided. ATTENTION:In an effort to allow an adequate level of fle>dbility for all applicants,not all fields in the budget portion are required to be filled before this form is submitted.Providing all applicable data is your responsibility,failure to do so will potentially jeopardize your application's chance for review. Verification of In-kind For any clairred in-kind contributions valued at $500 or rrore and related to rrarketingladvertising,you rrust subnit Contributions verifying docurrentation which assures the contribution will be provided. NKC_Trib_contract.pdf 1.13MB Budget Year Edit if necessary 2017 2018 2019 2020 Revenues Frorn Consolidated Lodging Tax Grant Past Actual 3 Past Actual 2 Past Actual 1 Projected LTAC Grant $9,000.00 $10,000.00 $10,000.00 $10,000.00 Funding