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Operating cash and other money doesn't change very often unless we have <br />a large expense such as the summer concert. <br />There was a discussion about the best mechanism to make the budget <br />reports more understandable. Suggestions were made about the best <br />mechanism to provide information of the profit and loss sheets to assist <br />the council in keeping track of the budget. <br />Currently donations that are made at events are placed in the sculpture <br />fund. Concert profits are used in our operating account. <br />Discussion ensued about the budget. As the concert attendance is <br />somewhat unpredictable, the budget is based on best estimates for the <br />future. Our revenue projections are very conservative and we can see how <br />that goes. Currently we have a one year operating cushion. <br />We have to do a final grant report for SCFD in January. We used the same <br />methodology on the budget document as for the SCFD report submitted in <br />January. <br />Approval of 2014 Budget <br />Discussion of the Event Detail spread sheet and explanation of predicted <br />revenue and expenses. <br />Discussion of how we account for participants, volunteers and other for <br />purposes of accounting for SCFD <br />Our current grant request is based on either the lower of our income, or <br />expenses for 2013. SCFD allows 20% of that amount and so we are asking <br />$3,000. The city is supporting us in a bigger way in 2014 with Suzanne <br />Jansen. <br />Motion to pass budget with amended title by Jennifer. Seconded by Blake. <br />Motion passed unanimously. <br />VII. Collection of Volunteer Hours for February — Members reported their <br />additional hours worked. <br />VIII. President's Report: <br />Update on Food Truck ordinance — Troy explained to Susan that we just <br />have to get a permit, or if the event is a ticket admission only and the food <br />truck is more like a caterer, then no permit will be necessary. <br />2 <br />