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HomeMy WebLinkAboutVIII-06 Approve 2023 Budget Adjustment - Levee Park Programming City Council Memorandum To: Mayor Fasbender & City Councilmembers From: Recreation Program Specialist, Paige Marschall Bigler Date: January 17, 2023 Item: Budget Adjustment – Levee Park Programming Council Action Requested: Approve 2023 Budget adjustment to spend Fund 200 funds for community events at Levee Park. Background Information: Events at Levee Park have increased in popularity over the last 7 years and attendance has more than doubled from 3,600 attendees in 2016 to 8,300 in 2022. To support over 30 popular community events & programs, staff are requesting a budget increase to overall funding. The City currently allocates $10,000 from Fund 200 since 2017. Staff secures outside funding including $10,000 from the Doffing Fund for our Music in the Park series, $2,000 from Ardent Mills for our Movies in the Park series, $1,000 from SMEAD Manufacturing Co. for our Performance in the Park series and $200 from Dakota Electric for our Summer Kick Off; totaling $23,000 in funding for over 30 events. Staff applied and did not receive the $15,000 in grant funds from the Metro Regional Arts Council – Round 1 to offset performance costs but plans to apply for Round 2 to support 2024 programming. Staff expect an additional $5,800 needed to support our baseline. Staff has exchanged various emails with agencies, vendors, & performance groups that are averaging at least a 25% increase in their 2023 rates. Financial Impact: Fund 200 has sufficient funds to be allocated to the increasing costs of performance & vendor fees, and staff propose use of these funds. $5,800 from fund balance Committee Discussion: n.a. Attachment: n.a. VIII-06