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10 Desk Item - Music in the Park Proposal~pW N 0 „ d 1 toos DATE TO FROM MEETING DATE: 2/19/P.008 DESK ITEM COUNCIL AGENDA REPORT FEBRUARY 19, 2008 MAYOR AND TOWN COUNCIL GREG LARSON, TOWN MANAGER 'DESK ITEM SUBJECT: APPROVE RECOMMENDATIONS REGARDING ART COMMISSION'S MUSIC IN THE PARK PROPOSAL A. FREE THE ARTS COMMISSION FROM COORDINATION AND ATTENDANCE OBLIGATIONS ASSOCIATED WITH THE TWO JULY 4TH CONCERTS (THE AFTERNOON SYMPHONY PERFORMANCE AND THE EVENING DANCE CELEBRATION). B. REGARDING THE ARTS COMMISSION'S REQUEST THAT THE TOWN FURTHER UNDERWRITE THE CONCERT SERIES COSTS ($5,000 FOR JULY 4TH CONCERTS AND $4,000 FOR OPERATIONAL EXPENSES), SELECT ONE OF THE FOLLOWING OPTIONS: (1) REQUEST THE ARTS COMMISSION TO INCLUDE THE ABOVE COSTS IN ITS CURRENT BUDGET; OR (2) REFER THE FUNDING REQUEST TO THE FY 08/09 BUDGET PROCESS. Attached is the Music in the Park Budget Summary for FY 2002 thru 2007, which was inadvertently omitted from the report. O PREPARED BY: Regina A. Falkrt ,i- 1 1, 11 Community Sera,'ioys Director N:ACSD\TCRPTS\200 "rCR TS\MIP Desk Item.doc Reviewed by: Assistant Town Manager tl Town Attorney Clerk Administrator Finance Community Development MUSIC IN THE PARK BUDGET SUMMARY Following is a summary of MIP revenues: 2002 2003 2004 2005 2006* 2007 Or anizations/Businesses $25,850 $28,850 $24,700 $28,700 $36,250 $36,300 Individuals $3,190 $5,717 $8,310 $3,485 $9,610 $11,550 Grants $1,770 $1,876 $2,442 $7,356 $4,328 $2,435 Sale of Merchandise $0 $3,411 $0 $1,032 $788 $600 Number of Concerts (*see below) Total Revenues: $30,810 $39,853 $35,452 $40,574 $50,976 $50.885 Net Revenues: $948 $10,929 -$2,435 $1,423 $11,537 $9,377 Following is a summary of MIP expenses: 2002 2003 2004 2005 2006* 2007 Band/Sound $17,812 $18,418 $21,904 $24,907 $27,900 $30,900 Marketing $6,116 $4,131 $8,166 $51406 $4,706 $3,255 Labor $4,646 $4,397 $4,762 $6,794 $4,185 $6,105 Fees & Licenses $720 $1,038 $1,469 $1,328 $1,578 $528 Su lies/Misc. $567 $939 $1,586 $717 $1,071 $720 41' of Jul $5,000 Totals Expenses: $29,862 $28,924 $37,887 $39,151 $39,439 $41,508 2004 - 8 concerts + symphony + night concert 2005 - 8 concerts + symphony + night concert 2006 - 9 concerts + symphony 2007 - 9 concerts + symphony + night concert