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Home My WebLink AboutHUNTINGTON BEACH ART CENTER FOUNDATION - 1998-03-02• 0 CITY OF HUNTINGTON 2000 MAIN STREET COMMUNITY SERVICES DEPARTMENT February 4, 1998 (714) 636-6486 Dear Arts Funding Committee Members: Re: ARTS FUNDING AD HOC COMMITTEE BEACH CALIFORNIA 92648 I want to bring you up to date regarding the situation with our report and recommendations to Council. f- a al& f e Ld0.10 Our recommendations have been reviewed by the City Attorney. We have been informed that any increase in the Transient Occupancy Tax must be approved by the voters at an election. I have enclosed a copy of that review for your perusal. The other eight recommendations would not be impacted in the same manner and would be left to the discretion of the Council. It is my intention to proceed with the report to Council in late March. However, currently, I am preparing a report to Council regarding the funding for the Art Center and an operating agreement with the Art Center Foundation. This is an important step in securing the financial future for the center. Once we have this agreement in place the Council will be prepared to address the committee's work. I will notify you of the date of Council's review of the ad hoc committee's report. You are welcome to attend the study session. Should you have any questions, please do not hesitate to call me or Michael Mudd at 536-5486. Again, thank you for your willingness to assist Council in this important effort. Si nce , #01N,AGAN, Director Community Services Department Attachment: Ltr, Gail Hutton, 12/10/97 Distribution: Diana Casey, Gerald Chapman, Linda Couey, Anna Friesen, Janice Goss, Elaine Hankin, Sid Kuperber& Chloe Molnar, Steven Schwartz, Philip Mosbo, Ron Hagan, Dan Villella, Councilmember Ralph Bauer, Councilmeinber Dave Sullivan, Councilmember Pam Julien A Quality Lij Through Education, Recreation wid Cidaire • . �1 #& CITY OF HUNTINCTON BEACH INTER -DEPARTMENT COMMUNICATION HUNTINGTON BEACH TO: Ron Hagan, Director of Community Services FROM: Gail Hutton, City Attorney DATE: December 10,1997 SUBJECT: Transient Occupancy Tax; Arts Program Funding RLS 97-922 INDEX: Finance/Revenue Services/Taxes/Limitations/Proposition 218 QUESTION Does Proposition 218 impose a voter approval requirement for a 1% increase in the transient occupancy tax that would be dedicated to arts program funding. ANSWER Yes. DISCUSSION At the November 1996 election, the voters of California approved Proposition 218. It broadens the voter approval requirements for new taxes that were previously established for "special taxes" under Proposition 13. By adding a XIII(c) to the California Constitution, it requires that "no local government may impose, extend or increase any general tax unless and until that tax is submitted to the electorate and approved by a majority vote." It further provides that "no local government may impose, extend or increase any specia unless and until that tax is submitted to the electorate and approved by a two- thirds vote." The definition of a "special tax" is "any tax imposed for specific purposes, including a tax imposed for specific purposes which is placed into a general fund. What this means is that all new taxes, such as an increase in the transient occupancy tax, must be approved by the voters at an election. Further, as the tax increase proposed for art programming currently is structured, it would require two-thirds voter approval requirement because the monies would be dedicated to arts program funding. Even if the money were paid into the general fund, if the election pamphlet, the resolution of the Council submitting the matter to the voters, or any other electon documents indicate that this money is to be restricted to arts program funding, a two-thirds voter requirement is imposed. This could only be avoided if the money is placed in the general fund, and no mention is made in any voter materials that the purpose of this tax is to fund arts programming. Gail Hutton City Attorney SF/s:SF-97Memos:Hagan 129 12/10/97 - #2 Council/Agency Meeting Held: 2L�7,? 1 to: u Deferred/Continued ® Approved ❑ Conditionally Approved ❑ Denied City Clerk's Si nature Council Meeting Date: March 2, 1998 Department ID Number: CS 98-006 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL ACTION SUBMITTED T0: HONORABLE MAYOR AND CITY COUNCIL MEMBERS SUBMITTED BY: RAY SILVER, Acting City Administrator6FV PREPARED BY: RON HAGAN, Director, Community Service *__�� SUBJECT: APPROVE AGREEMENT WITH HUNTINGTON BEACH ART CENTER FOUNDATION Statement of Issue, Funding Source, Recommended Action, Alternative Actionis), Analysis, Environmental Status, Statement of Issue: Should the city enter into an agreement with the Huntington Beach Art Center Foundation to return it to its original purpose as the capital campaign and endowment fund-raising arm of the Huntington Beach Art Center, and allowing the Huntington Beach Art Center to establish new support groups for fund-raising for ongoing programs and activities? Fundina Source: Revenue to Art Center Fund Recommended Action: 1. Motion to approve agreement with the Huntington Beach Art Center Foundation, and authorize the Mayor and City Clerk to execute same, 2. Motion to direct Community Services Department, Cultural and Event Services Division staff to work toward the following goals for the Huntington Beach Art Center for 1998: a) Institute new support groups and guilds to be responsible for fund-raising for ongoing programs and activities; b) Expand programs and center activities to the greatest extent possible within the resources available; c) Emphasize customer relations and community marketing of the Huntington Beach Art Center; d) Provide oversight and coordination of the city's specific events process; e) Manage the Huntington Beach Art Center so that revenue matches expenditures while maintaining funding level to sustain current level of programming; and REQUEST FOR COUNCIL ACTIN MEETING DATE: March 2, 1998 DEPARTMENT ID NUMBER: CS 98-006 3. Motion to thank the Art Center Foundation board members for their continued support and commitment to future fund-raising efforts, and present them with certificates of appreciation from the Mayor; and 4. Motion to accept the Art Center Foundation's 1997 donation of $100,000. Alternative Action(s): Do not approve agreement with the Huntington Beach Art Center Foundation, or the proposed art center goals for 1998, and give staff alternative direction concerning the operation of the Huntington Beach Art Center. Analysis: The Huntington Beach Art Center has been a joint project between the Huntington Beach Art Center Foundation and the city. The city purchased the former Edison office building at the corner of Main Street and Acacia Avenue to house the center. With the $1.2 million raised by the foundation, the building was converted to an art center. The foundation developed both the Patrons and Founders Groups which represent contributions from $1,000 to $75,000 from residents and business leaders. These support groups are still intact and remain active today. The original intent of the center was that the foundation would raise capital funds to refurbish the building for an art center and develop and endowment, and the city would provide the financial support for operating the facility. The recession in the 1990s and the loss of General Fund revenue to the city necessitated the foundation having to expand its role from capital campaign fund-raising to program and activity fund-raising. It has always been the desire of the foundation to fund an endowment for the center when the capital campaign fund-raising was completed. The foundation has been very supportive of the center in its first two years of operation and has raised more than $100,000 per year toward the programming effort. The foundation now wishes to return to its original mission. City staff feels that it is time to form new support groups to do fund-raising for ongoing programs and activities at the Huntington Beach Art Center. The center was recently awarded a California Arts Council grant. There are numerous other public and private grants available for the center as well as establishing a new art center membership program to provide ongoing funds for art center operations. It is staffs recommendation that the city enter into an agreement with the foundation that will allow the foundation to continue its original mission of raising funds for an art center endowment and future capital projects, and allow the city to establish new support groups to provide funding for ongoing operations. Some of the current foundation members will, of course, serve on various new support groups and guilds in addition to their foundation membership. It is staffs goal to establish a fund-raising mechanism that will provide funds for both ongoing operations and endowment and future capital development, and it is felt that the above described approach is the best way to establishing this goal. Foundation has approved the attached agreement. 0029969.01 -2- 02/18/98 4:15 PM REQUEST FOR COUNCIL ACTIN MEETING DATE: March 2, 1998 DEPARTMENT ID NUMBER: CS 98-006 The Community Services Department goals for the Art Center for 1998 are: a) Maintain the current level of funding for Art Center programming. b) Institute new support groups and guilds to be responsible for fund-raising for ongoing programs and activities including the Art Center store and membership. c) Expand programs and center activities to the greatest extent possible within the resources available; d) Emphasize customer relations and community marketing of the Huntington Beach Art Center; e) Manage the Huntington Beach Art Center so that revenue matches expenditures while maintaining the current level of city support. The center is currently an accepted art institution with critical acclaim and success. The children's art camps, art classes workshops, performance art, and exhibitions all have come together to provide the art center with not only a local, but also a regional audience, thereby helping support the city's economic development within the tourist industry. Staff is recommending that Council approve the agreement with the Huntington Beach Art Center Foundation, and the direction presented herein for the Art Center. This recommendation is in compliance with General Plan I-HCR8, Interagency Participation and Coordination. Environmental Status: Not applicable. Attachment(s): RCA Author: RH:cr 0029969.01 -3- 02/18/98 4:15 PM 0 0 COOPERATIVE AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE HUNTINGTON BEACH ART CENTER FOUNDATION REGARDING THE HUNTINGTON BEACH ART CENTER This Agreement is made and entered into this,22)e�Ll day of 1ndAM , 1998, by and between the City of Huntington Beach, a California municipal corporation, hereinafter referred to as the "City," and the Huntington Beach Art Center Foundation, a California nonprofit corporation, hereinafter referred to as the "Foundation." WHEREAS, the City and the Foundation have partnered together to acquire, build, and provide funds for the operation of the Huntington Beach Art Center, hereinafter referred to as the "Center;" and The Center is now an established art institution in Orange County; and It is now the desire of the Foundation to return to its original purpose of raising funds for future capital acquisition, development, establishment of an endowment fund, and other activities at its discretion; and The Foundation is equally concerned Mth protecting the financial investments of past donors who have given over $1.2 million to the Center through the Foundation; and The City desires to acknowledge its firm commitment to continue to work with the Foundation for future capital development, to establish an endowment fund, and to honor its current financial commitment to the Center and maintain donor recognition program as approved by City Council; and The parties wish to adopt this Agreement in order to formally define their respective responsibilities regarding the Center, 41s:PCD-Agree:Artcentr RLs 98-0058 Rev. 2/ [ 8i98 NOW, THEREFORE, the parties hereto agree as follows: 1. TERM This Agreement shall continue in effect until terminated by either party. The City or the Foundation may terminate this Agreement upon one year's advance written notice to the other party. 2. EFFECTIVE DATE This agreement shall become effective upon approval and adoption by the City Council of the City. 3. RESPONSIBILITIES OF THE FOUNDATION The Foundation is organized under the nonprofit corporation laws of the State of California for the purpose of: the Center. A. Developing public knowledge and understanding of the Center. B. Encouraging a spirit of cooperation between City and the community for C. Planning and implementing the Center's capital campaign, program endowment and other activities as set forth by its bylaws. The Foundation will conduct business of its choice to raise funds for future capital acquisition, endowment fund, and other activities. The Foundation shall be responsible for its ovum operations and for adhering to its adopted bylaws. The Foundation has the sole right to expend its fund-raising efforts for capital acquisitions, endowment fund, or other activities upon the majority vote of its Board of Directors according to its bylaws. 2 41s: PCD-Agrec:Artcentr RLS 98-0058 Rev. 2/1 V98 • 4. RESPONSIBILITIES OF THE CITY The City shall provide administrative support to the Foundation's fund-raising activities through its Community Services Department. The primary source of administrative support shall be provided by the Center's staff. The Cultural and Event Services Division administrative staff will provide support to the Foundation's Club 538 Gourmet Society as well as serve in an advisory capacity to the Center's staff with regard to the general board. Through the Community Services Department, Cultural and Event Services Division, the City shall be responsible for the Center's operation, programs, and activities. The City may, at its discretion, set up additional support groups to raise funds for programming. The City shall continue to maintain a separate Art Center Fund into which all Center revenue shall be deposited. Expenditures of the Art Center Fund for operation of the Center shall be at the sole discretion of the City. The City and Art Center Staff shall be solely responsible for the operational funding to maintain the current level of programming. The City has the right to develop guilds anWor program committees at its discretion to implement the Center's programs and activities. Foundation members who choose to participate in guilds and/or committees shall do so as individuals. The City Council shall adopt the Center's budget for the Art Center Fund according to its established budget procedures. The City may establish additional nonprofit 3 4/s: PCD-Agree: Artcentr RLS 96-GO58 Rev. 2/1 SM 14 • 0 foundations to operate the Center or portions thereof with the agreement of the Foundation. IN WITNESS WHEREOF, the parties have executed this Agreement by and through their authorized officers on the date first above written. Huntington Beach Art Center Foundation a California nonprofit corporation ByS"&--r'je aL-� Its: B G Its: Co-C�7a+, ATT City Clerk 1411 9.f REVIEWED AND APPROVED: Acting ety Administrator 4 4Is: PC D-Agree: Artcentr RL5 98-0058 Rev. 2/18/99 City of Huntington Beach a California municipal corporation in Mayor s ' , I S)U-11IX.-VI"001 1114UT1 cy �-� ttrlwE -5 9,P 6c,6� Services s 0 �, • CITY OF HUNTINGTON BEACH r 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK CONNIE BROCKWAY CITY CLERK LETTER OF TRANSMITTAL OF ITEM APPROVED BY THE CITY COUNCIL/ REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH TO: AA77&,:�&Z &&'&� Ar4WZe dbil ATTENTION: leav A�/Vl- 1 1 r / City, State, Zip See Attached Action Agenda Item - Date of Approval r° Enclosed For Your Records Is An Executed Copy Of The Above Referenced Agenda Item. Remarks: e,07� �& dzowr Connie Brockway City Clerk Attachments: Action Agenda Page Agreement ✓ Bonds Insurance RCA Deed Other Name Depazunent RCA Agreement Insurance Other Name Department Name RCA Agreement Insurance Other Department RCA Agreement Insurance Other Name Department RCA Agreement Insurance Other Risk Management Dept. Insurance Received by Name - Company Name - Date GTollowup/coverltr (Tatephone: 714.536.5227) (11] 03/02198 - Council/Agency Agenda - Page 11 F. Administrative Items F-1. (CljX Council) Presentation Of Telephone Survey Of Huntington Beach Mobile Home Park Residents - Lawrence Research (430.80) Communication from the Economic Development Director transmitting A Telephone Survey Of Huntington Beach Mobile Home Park Residents, and A Summary Of Public Opinions From A Telephone Survey Of Mobile Home Park Residents In The City Of Huntington Beach dated October, 1997 prepared by Lawrence Research -Public Affairs/Marketing. The City Council authorized this survey to be conducted at its January 16, 1996 Council Meeting with direction, if any, to be given to the Mobile Home Advisory Board. Recommended Action: Direct the Mobile Home Advisory Board to review the information received from the survey and develop a work program for future review by the City Council. [Approved 7-0 with direction to staff to return with costs to survey two parks that were omitted from survey] F-2. (City Council) Approve Cooperative Agreement With The Huntington Beach Art Center Foundation Regarding The Huntington Beach Art Center (600.10) Communication from the Community Services Director recommending that the city enter into an agreement with the Huntington Beach Art Center Foundation to return it to its original purpose as the capital campaign and endowment fund-raising arm of the Huntington Beach Art Center, and allowing the Huntington Beach Art Center to establish new support groups for fund-raising for ongoing programs and activities. Recommended Action: 1. Motion to approve the Cooperative Agreement Between The City Of Huntington Beach And The Huntington Beach Art Center Foundation Regarding The Huntington Beach Art Center, and authorize the Mayor and City Clerk to execute same; [Approved 7-0] and 2. Motion to direct the Community Services Department, Cultural and Event Services Division staff to work toward the following goals for the Huntington Beach Art Center for 1998: a. Institute new support groups and guilds to be responsible for fund raising for ongoing programs and activities; b. Expand programs and center activities to the greatest extent possible within the resources available; c. Emphasize customer relations and community marketing of the Huntington Beach Art Center; d. Provide oversight and coordination of the city's specific events process; e. Manage the Huntington Beach Art Center so that revenue matches expenditures while maintaining funding level to sustain current level of programming; [Approved 7-0] (Continued On The Next Page) RLS No .. 49 CITY O UNTINGTON BEACH Qo. REQUEST FOR LEGAL SERVICES assn... . Gail Hutton, City Attorneys Date: Request made by: Telephone: Department: 2/17198 Ron Hagan 1 5291 -Com. 5erv. INSTRUCTIONS: File request in the City Attorney's Office. Outline reasons for this request and state facts necessary for City Attorney to respond. Please attach all pertinent information and exhibits. TYPE OF LEGAL SERVICES REQUESTED: ❑ Ordinance ❑ Opinion ❑ Resolution ❑ Lease ❑ Meeting ® Contract/Agreement ❑ . Court Appearance ❑ Insurance Is Request for Preparation of Contract form attached? Are exhibits attached? If for City Council action, Agenda Deadline 2/18/98 Council Meeting 3/2/98 If not for Council action, desired completion date: . ..... COMMENTS ❑ Stop Notice ❑ Bond ❑ Deed ❑ Other: ❑ Yes ❑ No ® Yes ❑ No Unless otherwise specified herein, I consent to th disclosure of the Information 11 alned in this RLS to . f all memo th ity Council. Signi6dirdiftepartment Head Attached is the agreement with the Huntington Beach Art Center Foundation prepared by the City Attorney's Office as RLS #98-0058. Please make the changes indicated. If there are any questions, please call Ron Hagan, 5291. We are trying to make the March 3 agenda. Thank your. Shaded areas for City Attorney's Office use only. s v-,, FLA. Document2 02/17/98 10:20 AM �.. -.-. . ;� - -. i i I ' RCA ROUTING SHEET INITIATING DEPARTMENT: COMMUNITY SERVICES SUBJECT:. APPROVE AGREEMENT WITH HUNTINGTON BEACH ART CENTER FOUNDATION COUNCIL MEETING DATE: March 2, 1998 .. .. ............:- . .:.RCA ATTACHMENTS ..:......::...................... STATUS: :.: Ordinance w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (wlexhibits if applicable) (Signed in full by the City Attomeyj Not Attached (Explain Subleases, Third Party Agreements, etc. (Approved as to form by City Attorne Not Applicable Certificates of Insurance LApproved by the City Attome Not Applicable Financial Impact Statement Unbudget, over $5,000 Attached Bonds If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report If a licable Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable .:...'.....'EXPLANATION. -FOR :MISSINGATTACHMENT..S. :. Hagan will provide agreement at agenda review. :EXPLANATION :FOR:.RETU.RWOF. ITEM • ART CENTER FUND Where does City funding for the Art Center come from? Answer: It comes from the Cultural Enrichment Fee placed on new development, which can only be used for cultural purposes such as the Art Center, Library, Newland Museum, or other community cultural activity. G m m How much of the cultural fee goes to the Art Center. cli zo$mv z�m' mnrn-op Ulm Answer: $88,000 for 1997/98 G1 'n An What is the total Art Center budget for this, year? a G 'p Answer: $3 S 0,000 where does the rest of the funding come from? Answer: The rest of the income comes from admissions, fees for activities, rentals, sponsorships, grants, and fund raising events by support groups. What is the staffing level at the Art Center? Answer: Three full time positions. There are several part time gallery aides, contract class instructors, and contract kids art camp instructors depending on the exhibition, class, and camp schedules. • ART CENTER ORGANIZATION What is the longtermsoal for private support' for the Art Center? Answer: The current Art Center Foundation will concentrate on developing an endowment fund and funds for future expansion. A second foundation is being formed to support programming. Several support guilds are being formed to support the GTE Classic, the Masked Ball, the Art Center Store, and to develop an Art Center Membership program. How does the Art Center fit into the downtown redevelopment Answer: Cultural activities are a key component in the success formula for downtown. The Pier Plaza will provide cultural activities at one end of downtown and the Art Center will bookend the other end. Along with the Surf Museum, Specific Events, Edward's Theaters, and Shopping & Dining ; opportunities, the downtown will become an exciting destination for both locals and tourists alike. 40 3ART9697.XLS e i 1997198 HUNTINGTON BEACH ART CENTER BUDGET . REVENUE SOURCE 96/97 EST. FACILITY RENTAL $3,500 MASK BALL $17,500 SPECIFIC EVENTS $15,000 CULTURAL FUND 81,000 $117,000 ADMISSIONS $12,600 3TUDIO (CLASSES) $301000 ART CAMP $12,000 TOURS $7,600 3RANTS $23500 =ILM PERMITS 25,000 $893500 *NDATION DONATION $125,000 'ROGRAM SPONSORSHIP -TE CLASSIC kRT CENTER STORE $151000 AEMBERSHIP 15 000 TOTAL REVENUE $361,600 :STIMATED EXPENSES \DMINISTRATION • 96/97 ACTUAL 97/98 EST. $4,000 $51000 $16,700 $17,500 $22,000 $25,000 81 000 88 000 $123,700 $135,500 $138000 $151000 $27,500 $30,000 $18,150 $181000 $5,400 $7,500 $3,400 $5,000 14 000 $7,000 $81,450 $82,500 $100,000 $0 $50,000 $609000 $13,250 $20,000 16,250 7,500 $324,650 $345,500 FT STAFF $1369308 $145,694 $145,500 MAINT. & OPER. $801000 $85,400 $82,000 'ROGRAM $103,140 $103,249 $1023000 ART CENTER STORE $11,500 $7,947 $5,000 1EMBERSHIP 3187 2703 $2,500 AL EXPENSES $334,135 $344,993 $337,000 Page 1 • ART CENTER FUND ($3579000) PARK ACQm FUND LOAN $2159000 • FOUNDATION DONATION $1.00,000 BUDGET DEFICIT (FY 97/98) $ A89000 • . • ART CENTER GOALS 1. MATCH REVENUE WITH EXPENSES THIS YEAR'S EST. REVENUE $3459500 THIS YEAR'S EST. EXPENSES $3379000 2. REPAY PARK FUND LOAN $215,000 3. REDUCE BUDGET DEFICIT ($48,000) 44 City of Huntington Reach INTER -DEPARTMENT COMMMUNICATION • HUNTINGTON WCH 1.1 TO: RON HAGAN, Community Services Director FROM: ROBERT J. FRANZ, Deputy City Administrator SUBJECT: ART CENTER REVENUES AND EXPENSES DATE: December 22, 1997 The Art Center budget problem from last year has yet to be resolved. Please address the funding shortfall with a recommended solution as soon as possible. RJF:skd cc: Ray Silver Deputy City Administrator 0029470.01 12WA7 2.69 PM A4 City of Huntington Beach INTER -DEPARTMENT COMMUNICATION • HUNTINGTON BEACH TO: RAY SILVER, Acting City Administrator FROM: ROBERT J. FRANZ, Deputy City Administrator SUBJECT: ART CENTER REVENUES AND EXPENSES DATE: November 21, 1997 I have reviewed the attached revenue and expense summaries for the Art Center. The major-problem"that needs- tq .be addressed Is that last`year's (1996/97) Art Center . budget was balanced on the basis of receiving a contribution of $126,000 from the Foundation no later than October of 1997. The contribution has not yet been received. Last year's shortfall of $148,000 will be repeated this year and In future year's unless changes -are made. _ /j a "ROBERT J. FRANZ Deputy City Administrator RJF:skd Attachments i 0028993.01 11I21l97 3:28 PM r -I SAW 0 HUNTINGTON BEACH ART CENTER REVENUE AND -EXPENSE REPORT pus 24WAM3L � � WM A=& W R ? 1991WIft UADUES-M , ,RT CENTER AMUNISTRATION FACILITY RENTAL IS= $4,000 $5,000 M%RECEPT $17,50D $1 %700 $17,500 SPECIFIC EVENTS $15,000 $22 00D $2D,000 CULTURAL FUND,�Q �� Si41.000 SUB -TOTAL. $118r169 $167,128 $136,308 $146,694 S1416,600 $117,000 $123,700 $163,900 kST CENTER PROGRAM ADMISSIONS $12=D Mom $15,000 STUDIO $30,000 $27,500 $30.000 SUMMER CAMP ]FOUNDATION $12,DoD $18.150 $15,000 TOURS $7,50D $5.400 $7,50D DONATIONS $2= a 400 $5.0 D FILM PERMITS $25.MO $14,000 $15100D j " •0Q0 ID $m. SUB -TOTAL $229,872 $221,440 $2MI40 $203,249 $i80.600 $214,590 $8v80 $162,500 300K STORE $17,744 $6,264 32MOO $21,197 $20,000 BOOKSTORE 416AQ0 $13,260 $16,fl00 VlEMt3ERSI4IP is M7a um-9Sj 187 $2,703 12,600 MEMBERSHIP 1G o00 o z a 5a0 rOTALEXP1rN0ITURES $376,349 $309,979 $360,135 $372.843 $348,600 TOTAL REVENUE $391.600 $224,650 $548,600 REVENUE 3Q1 128 2 2 M.660 600 -URPLUS f (DERCM W6,2211 ($"A63} ($148,193} SO 40TE: CRY HIS NOT RECEIVED OBS7 ART CENTER FOUNDATION DONATION 4p • Pang 1