7c - Historical Society Ongoing FundingHistorical
Society Ongoing
Funding
By Ade Ariwoola
Finance Director
City Council Meeting August 9, 2016
Background
• July 26 FEDRAC Meeting
• Funding for Historical Society
o Annual $20,000 Funding
o For 5 years
o Remove current reporting requirement
o Forward to the Council for discussion
0
Support of Historical Society
from 2008-2015
Architect services $9,200
Roofing $11,935
Windows $10,300
Boiler $11,030
Electrical $22,236
Awning $1, 976
In -home repair $5,000
Storage $18,947
8 YEAR TOTAL $90,624
Approximately $11,328 per year
Additional Support
2015/16
• 2015
oLodging Tax $10,000
oAnonymous Donation $10,000
• 2016
o Lodging Tax $10,000 - Pending
Support of Historical Society
Annual Breakdown
Rental value basei • $1,500 per month = $18,000 per year
on •• • -
storageCity"s • $152.10 per month = $1,825.20 per year
rental
Lawn maintenance
$317.60 per • $3,811.60 per '.
2 hours per week
0
Budget Process
)ubmit request to
the City by
Community
?rogram Director
Council
deliberation
if needed
Public
Hearing
&.First
Reading
Mayor's
Sept20 'A budget to
Council
Oct 18�
Public
Hearing
Presentation
Council
deliberation
rO
Second
Budget
Presentation
Reading &
Enactment
Mayor's Recommendation
• This item and all discussions regarding
City fund allocations should take place
during the normal biennial budget
process.
9
Questions
11 L
OW