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Home My WebLink About2021-12-20 -Agendas - FinalFayetteville Advertising and Promotion Commission December 20, 2021 Location: Fayetteville Town Center Commissioners: Katherine Kinney, Chair, Tourism & Hospitality Representative Todd Martin, Tourism & Hospitality Representative Chrissy Sanderson, Tourism & Hospitality Representative Elvis Moya, Tourism & Hospitality Representative Andrew Prysby, Commissioner at -large Sarah Bunch, City Council Representative Staff: Molly Rawn, CEO; Jennifer Walker, Vice President of Finance Agenda I. Call to order at 2:00 p.m. II. Old Business A. Review and approval of November 2021 minutes. III. New Business A. Vote. Carpet Install at Fayetteville Town Center. CEO seeking authorization to accept a quote from January Flooring to replace carpet in the ballroom. B. Vote. In Floor Electrical Repair at Fayetteville Town Center. CEO seeking authorization to accept a quote from Multi -Craft Contractors to replace in - floor outlets and repair electrical lines in the ballroom. C. Presentation and Vote: 2022 Budget D. Executive Session: Annual Performance Review of the CEO E. Additions to the agenda may be added upon request from a majority of the commissioners. IV. Adjourn Fayetteville Advertising and Promotion Commission Minutes from November 22, 2021 Fayetteville Town Center Commissioners Chrissy Sanderson, Andrew Prysby, Elvis Moya Present: Todd Martin, Sarah Bunch Commissioners Katherine Kinney, Chair; Absent: Staff: Molly Rawn, CEO; Jennifer Walker, VP of Finance I. CEO Molly Rawn called the meeting to order at 2:00 pm noting that she would be chairing this meeting in Commissioner Kinney's absence. II. Old Business a. Commissioner Martin motioned to approve the October 2021 minutes with Commissioner Moya seconding. The minutes were unanimously approved. III. New Business a. CEO Report, Molly Rawn Rawn began with the HMR numbers, noting that HMR collections in October 2021 compared to October 2019 were up 17%. We are 9% ahead of our revenue target and 13% below in expenses. She does expect that expense gap to close a bit with some upcoming expenses. In Personnel, we've promoted Eden Moore to our full time Visitors Center Manager and we've also brought on Philip Purifoy as part time Event Services Coordinator for the Fayetteville Town Center. While the Visitors Center saw slightly fewer visitors and sales in October compared to September, we are ramping up for a great holiday season. Rawn further noted that many people stopped by to see the U.S. Capitol Christmas tree at an event organized by Chloe Bell, noting a thank you to Commissioner Moya who helped with some of the logistics. She also noted we had a very successful Lights of the Ozarks light night event and parade and expressed appreciation to Chloe Bell, Community Engagement Manager, and our team. Cyclo-cross vendor applications will be up on the website this week. Rawn reported that we hosted the first Spartan US Trail Championship with approximately 200 runners the last weekend of October. We were pleased with how many states were represented by the runners, but the number of runners was lower than expected. 1, 211 tickets have been purchased for the 2022 Cyclo-cross Championship event with over half of the VIP tickets already purchased. We are hosting a couple of events for our HMR partners in December to talk about what to expect with the upcoming Cyclo-cross event. Rawn reminded the commission that the December meeting will be a budget only meeting with one additional item, a request to approve an expense for replacement carpet at the town center. Commissioner Martin requested to go into executive session at the December meeting and Rawn asked that attorney Vince Chadick state the procedure to do so. Commissioner Martin asked how compensation could be handled in an executive session. Chadick stated that everyone could leave the room, including attorney and staff. Commissioner Martin asked to hold an executive session to review the executive director and compensation at this meeting. Commissioner Moya asked if there were any documents available ahead of time to review. Rawn said she could pull together anything they would like and that she would pull salary history and any past evaluations. Vince Chadick clarified that the person the executive session was about could stay or ask to step out of the room. Rawn presented the tentative 2022 Commission agenda schedule. Commissioner Martin asked if we could meet the 3rd Monday rather than 4th. Commissioner Sanderson asked if we could also consider meeting every other month. Vince Chadick pulled up the bylaws to see if we could consider meeting every other month and discovered that the bylaws would not prohibit meeting bi-monthly. Commissioner Martin asked if we could reconsider meeting bi-monthly at the March 2022 meeting and have meetings in January and February. Commissioner Martin made a motion to move Jan and Feb to the 3rd and then withdrew it. Rawn asked that she be able to talk to her team on when we could do January and February meeting and get back to the commission with a plan. Commissioner Moya asked if there was an opportunity for all buildings on the downtown square to have the option to be lit during Lights of the Ozarks and especially the Fayetteville Town Center. Rawn said she wasn't certain if the city would be able to string lights on private buildings, but we certainly could consider the town center as it was a city -owned building. Commissioner Bunch said the Active Transportation committee did vote for more ambient lighting for the square which would be helpful. Rawn said she would like to connect Commissioner Moya and Community Engagement Manger, Chloe Bell, who coordinates the Experience Fayetteville aspect of Lights of the Ozarks to discuss this. Commissioner Moya also asked about the speaker system to see if it could be upgraded and/or could be spread out with embedded speakers throughout the square. Rawn stated that the speaker system could be a capital expense request. b. Financial Report. Jennifer Walker, Vice President of Finance Our revenue is at 92% and expenditures are at 73% of our budget projections, this is good news. HMR is exceeding our budgeted projections and our YTD net income is just over 1 million dollars. Cyclo-cross spending ramped up during the World Cup event. The balance sheet shows our cash and investments at 5.1 million dollars at the end of October. Fayetteville Town Center is showing $140,000 in unearned revenue, which indicates many upcoming events. Additionally, we have 3.3 million dollars in our unreserved accounts. Rawn commended the entire team for a good year of keeping expenditures in line. Commissioner Moya asked for a specific financial report for the Art Court in the future. Rawn said we will not be open and activating that space before our January meeting. c. Marketing Report. Susie Nicholson with Sells Agency gave the report on behalf of Hazel Hernandez who is offsite for a photo shoot. Nicholson stated that 71% of views on our website was via mobile phone, which is on trend with how we are consuming our data "on the go." In talking about videos, Commissioner Prysby noted that doing "snackable" pieces of video, i.e. 5-10 seconds was the trend for optimal engagement. Viewers were 90K in 2020 with more than 130K users so far in 2021. In listing the top 5 continents, she showed lots of growth in European countries, driven by Cyclo-cross. The top 10 states and most popular pages were discussed. Nicholson showed what the Cyclo-cross tickets looked like, with Walmart serving as our sponsor. d. Vote. Contract with Boondock, Inc. dba Texino. Approval of a contract totaling $113,800 for the purchase of a Sprinter van and interior build out for the Mobile Visitors Center. Memo Attached. CEO Rawn asked for approval for the contract. Commissioner Sanderson asked if there was another company we considered and Rawn outlined the process which, with working with this company, will be "soup to nuts," something we were not able to find in another company. It was discussed that both the drive back and the build out of the van could be very engaging — a time lapse video was discussed. Commissioner Moya discussed having a swag bag of Fayetteville items to give out at various stops. Commissioner Bunch asked what the timeline would be and Rawn said the van would hopefully be ready for the January Cyclo-cross event. Commissioner Martin moved to approve the contract with Texino for $113,800 with Commissioner Sanderson seconded it and all approved via a vote. d. Vote. Cyclo-cross Vendor Payment Approval. Seeking approval for the payments in the attached Cyclo-cross Report — Contracts and Expenditures. Jennifer Walker, VP of Finance, presented this item, noting that we realized in July 2021 that we'd be running into a need to have many contracts approved that may be over 20K, with the caveat that we'd be presenting the contracts in bulk after the event with this presentation. Walker presented that cumulative Cyclo-cross revenue to date was 3.5 million with expenses at 1.5 million. Commissioner Martin asked if we were being asked to approve vendor payments listed at $525,556. Commissioner Moya asked about the Race Directors amount, which is Medalist Sports. Commissioner Martin moved for the approval of the payments to vendors and Commissioner Sanderson seconded it; it passed unanimously. e. Presentation and Discussion. Clinton House Museum Board of Directors. Jana Mayfield, Board President discuss the museum's plans for 2022 CEO Rawn introduced this topic by stating that the YTD revenue and income was included in the packets distributed. Last year, the commission voted to wind down operations at the Clinton House Museum. Board President Mayfield began by saying that the museum has a full board of 12 directors and they have spent this year building the board and brainstorming. Mayfield stated that pre-covid they had 5,000 visitors a year which is exceptional for a small museum. The board has been considering a collaboration with the University of Arkansas and Mayfield stated that the museum is working with two entities on two different documentaries. Additionally, they are working with the university to hopefully negotiate a less expensive lease. One of the board members is also on the board of the Clinton Foundation. At this point in time, the Clinton House Museum board of directors is asking for a budget consideration in the 2022 Fayetteville A&P budget of $40,000. CEO Rawn stated that key things on the lease negotiations that Mayfield mentioned include a longer lease for stability, an option to purchase the property and also a lower rent. Rawn stated that going from a budget line item of $200,000 to $40,000 is not an unreasonable ask and Rawn has seen quite a lot of work by this new board. Some of the expenses seen on this 2021 income and statement will be reduced or eliminated in a future budget. Commissioner Martin stated he sees the economy and consumer spending in a euphoric period coming after Covid and stated that he didn't think this increase in revenues would continue for the long term. He sees us doing a good job of our main goal of promoting tourism. He stated that he sees three line items in our budget that can take us away from promoting tourism. The first item being the Clinton House Museum; he is not in favor of extending this line item to $40,000 again but would consider a smaller amount. He also mentioned the line item of $200,000 with TheatreSquared and stated that he thinks we need to vote on this amount annually. The third item he mentioned is Walker Stone House, noting that it shows up as a million -dollar asset. After Cyclo-cross and Governor's Conference, Commissioner Martin would like to see the commission spend time forming a plan for Walker Stone House and also continue to focus on items such as the Cultural Arts Corridor. CEO Rawn stated that the CFO by Design presentation in January 2020 included "finding a way that we are supporting our cultural attraction but not owning and managing." She stated that she is seeing real progress with this with the Clinton House Museum board and that she things it's very important to continue supporting it. CEO Rawn and Vince Chadick discussed the MOU with TheatreSquared, outlining that it is intended support for up to 3 million dollars, up to $200,000 installments each year for 15 years. Commissioner Martin said that he would like to review the installment every year. Martin also stated that he'd like the Clinton House Museum taken care of and asked if the budget could be tightened up to less than $40,000. Commissioner Moya brought up the idea of in -kind support such as a free rental at the town center for a possible fundraiser for the museum. Commissioner Moya asked Board President Mayfield if there was a timeline of potential activities for 2022. Mayfield stated that they wanted to get a sense of the ongoing lease expense and also any budget from A&P to help them determine this. Commissioner Sanderson said she would feel okay with $40,000 if she could see a broad picture of what the board would do in 2022. Commissioner Moya asked if a regular update for Clinton House Museum could be given, as well as a regular update from TheatreSquared. 4 CEO Rawn stated her plan for Walker Stone House is to include the standard maintenance and upkeep for inclusion in the 2022 budget and she is preparing to bring a broader recommendation after the first quarter of 2022. CEO Rawn thanked Board President Mayfield for her time and Mayfield asked for careful consideration and stated that the Clinton House Museum board is very excited about the future. As CEO Rawn was asking for any additional agenda items, Commissioner Moya stated that there's nothing in particular to point out someone has entered the city of Fayetteville. Commissioner Bunch mentioned that the city has taken over College Avenue from the state highway department and there's an opportunity to create a welcome sign. Rawn talked about the unified wayfinding project the NWA Council began in 2014 and said this could certainly be a collaborative effort with the city. Commissioner Moya mentioned that Siloam Springs had a great landscaped sign. Discussion about where a welcoming sign could be placed ensued and putting a welcoming sign project on the agenda after Cyclo-cross was mentioned. With no other business, the meeting was adjourned by CEO Rawn at 3:48 pm. Minutes submitted by Amy Stockton, Director of Operations, Experience Fayetteville Memo To: Molly Rawn, CEO, Fayetteville Advertising and Promotion Commission; Fayetteville Advertising and Promotion Commissioners From: Tyler Wilson, General Manager, Fayetteville Town Center Miletus Callahan-Barile, Facilities Manager Date: December 15, 2021 Re: Carpet Replacement at Fayetteville Town Center Background: The Fayetteville Town Center has continued to upgrade the main ballroom and has reached the point of needing to replace the carpet. The existing carpet in the ballroom has reached its twenty-year life span. Three carpet quotes were received. Recommendation: It is the recommendation of the CEO that the commission accept the quote provided by January Flooring and budget $103,000 for carpet. This includes the estimate of for $93,039.02 plus a 10% contingency. It is recommended we approve this quote now, due to scheduled material price increases of 15-20% in January 2022. This amount is included in the proposed capital improvements in the 2022 budget. TOM JANUARY FLOORS, INC. 188 E Township Fayetteville, AR 72703 PH: 479-521-2422 FX: 479-521-5995 Estimate Date I Estimate # 11/10/2021 carpet Description I Qty I U/M I Rate I Total urban passage11 1,530 46.00 70,380.00T labor to install carpet tile 1,530 5.00 7,650.00T labor to take up carpet 1,530 2.50 3,825.00T mohawk covebase 480 1.57 753.60T labor to install 6' cove base and remove old cove base 480 1.25 600.00T mohawk enpress glue 11 125.00 1,375.00T cove base glue mohawk 5 8.00 40.00T transition 150.00 150.00T All material is guaranteed as specified. All work will be completed in a workmanlike manner according to standard practices. All labor warrantied I NOTES.- for one year. Any alteration or deviation from the above specifications will become an extra charge over and above the estimate. This is to include, but is not limited to, hidden damages that are uncovered during the course of the job and additional work required by local building inspectors. All elements of this agreement are contingent upon strikes, accidents, or delays beyond our control. The estimate does not include material price increases, or additional labor and materials which may be required should unforeseen problems arise after work has begun. IMPORTANT NOTICE TO OWNER I UNDERSTAND THAT EACH CONTRACTOR, SUBCONTRACTOR, LABORER, SUPPLIER, ARCHITECT, ENGINEER, SURVEYOR, APPRAISER, LANDSCAPER, ABSTRACTOR, OR TITLE INSURANCE AGENT SUPPLYING LABOR, SERVICES, MATERIAL, OR FIXTURES IS ENTITLED TO A LIENAGAINST THE PROPERTY IF NOT PAID IN FULL FOR THE LABOR, SERVICES, MATERIALS, OR FIXTURES USED TO IMPROVE, CONSTRUCT, OR INSURE OR EXAMINE TITLE TO THE PROPERTY EVEN THOUGHT HE FULL CONTRACT PRICE MAY HAVE BEEN PAID TOT HE CONTRACTOR.I REALIZE THAT THIS LIEN CAN BE ENFORCED BY THE SALE OF THE PROPERTY IF NECESSARY.I AM ALSO AWARE THAT PAYMENT MAYBE WITHHELD TO THE CONTRACTOR DEPOSIT REQUIRED: IN THE AMOUNT OF THE COST OF ANY SERVICES, FIXTURES, MATERIALS, OR LABOR NOT PAID FOR.I KNOW THAT IT IS ADVISABLE TO, AND I MAY, REQUIRE THE CONTRACTOR TO FURNISH TOME A TRUE AND CORRECT FULL LIST OF ALL SUPPLIERS AND SERVICE PROVIDERS UNDER THE CONTRACT, AND I MAY CHECK WITH THEM TO DETERMINE IF ALL MATERIALS, LABOR, FIXTURES, AND SERVICES FURNISHED FOR THE PROPERTY HAVE BEEN PAID FOR. I MAY ALSO REQUIRE THE CONTRACTOR TO PRESENT LIEN WAIVERS BY ALL SUPPLIERS AND SERVICE PROVIDERS, STATING THAT THEY HAVE BEEN PAID IN FULL FOR SUPPLIES AND SERVICES PROVIDED UNDER THE CONTRACT, BEFORE I PAY THE CONTRACTOR IN FULL. IF A SUPPLIER OR OTHER SERVICE PROVIDER HAS NOT BEEN PAID, I MAY PAY THE SUPPLIER OR OTHER SERVICE PROVIDER AND CONTRACTOR WITH A CHECK MADE PAYABLE TO THEM JOINTLY. A 75 DEPOSIT REQUIRED BEFORE ANY JOB IS STARTED. ACCEPTANCE. I hereby have read the "Important Notice to Owner" and accept the proposal outlined above and authorize work to commence on, or about for the date specified. This estimate is an approximation based on a discounted price for cash payment and is not guaranteed. If other payment methods are specified, then the estimate will remove the previous cash discounts. The estimate is based on information provided from the client regarding project requirements. Any additional services requested by you and not covered by the estimate will incur additional charges. Actual cost may change once all project elements are finalized or negotiated. Prior to any changes of cost, the client will be notified. Any such changes may result in additional or increased charges, and you agree to pay such increased charges. CUSTOMER DATE OWNER DATE Subtotal $84,773.60 Sales Tax (9.75%) $8,265.42 Total $93,039.02 - ESTIMATE PRICING IS VALID FOR TWO WEEKS - www.tomjanuaryfloors.com Memo To: Molly Rawn, CEO, Fayetteville Advertising and Promotion Commission; Fayetteville Advertising and Promotion Commissioners From: Tyler Wilson, General Manager, Fayetteville Town Center Miletus Callahan-Barile, Facilities Manager, Fayetteville Town Center Date: December 20, 2021 Re: In Floor Electrical Repair at Fayetteville Town Center Background: The Fayetteville Town Center continues to be in need of capital improvements. Many of the floor outlets in the ballroom are no longer functional and must be repaired or replaced. Staff sought three quotes for upgrades to the electrical boxes, and received two responses. Recommendation: It is the recommendation of the CEO that the commission accept the quote provided by Multi -Craft Contractors and budget $25,400 for replacement of the electrical boxes. This includes the estimate of $23,375 plus a 10% contingency. This expense is included in the proposed capital improvements in the 2022 budget. We are bringing this forward in December in order to avoid price increases of 15-20% in January 2022. November 3, 2021 Fayetteville Town Center 15 West Mountain Street Fayetteville, AR 72701 RE: Replace Floor Box Outlets MCC MULTI -CRAFT CONTRACT From Concept to Com Quote: 11S11030902 Attn: Miletus Callahan-Barlie PH: 479-587-9944 miletus@twncenter.com The Service division of Multi -Craft Contractors, Inc. is pleased to present the following proposal. Scope of work: • Complete JSA (Job Site Safety Analysis) before work begins. • Replace existing floor box covers and devices with brushed aluminum metal covers and black devices. o (9) 3-gang with 3-duplex outlets o (7) 3-gang with 2-duplex outlets and 1-240v/50a plug o (14) 2-gang with 3 data jacks in each gang Exclusions: • Cost to troubleshoot non -working outlets and data jacks are not covered in scope, but can be done on a work order. Total Price: $23,735.00 This price is based upon all work being performed during normal daytime business hours. Above stated price is valid through December 3, 2021. We appreciate this opportunity to be of service to you. If you have any questions, please contact us. Sincerely, Malt Kcwc*wwwc1yl1 Matt Karczmarczyk Multi -Craft Contractors, LLC Electrical Service Manager PH: 479.287.7035 Email: tkarcz@multi-craft.net Page 1 of 2 Initials Notice to Proceed Please provide written acceptance of this proposal via approval signature below, or purchase order referencing the proposal number herein. Payment Terms On contracts exceeding $5,000, a 25% down payment will be required upon acceptance. Monthly progress payments may be required depending on the length of the project at MCC's discretion. Progress payments will not exceed 90% of the total contract amount. The final 10% will be invoiced upon completion. Purchaser agrees to pay Multi -Craft Contractors, Inc. (MCC) for the performance of the work as set forth herein, subject to revision via written change orders signed by both parties. Credit card payments will be subject to added 3% convenience fee. Payments due in full no later than 30 days from invoice date. Payments due and invoices unpaid shall bear interest at the maximum lawful rate. Terms as follows: • Balance due net 30 days Warranty and Exclusions A. Customer will provide and permit reasonable access to all necessary areas. MCC will be allowed to start and stop equipment as necessary to perform its services and be permitted access to existing facilities and building services covered under this Agreement. B. In the unlikely event of failure to perform its obligations, MCC's liability is limited to repair or replacement at its option. Under no circumstances will MCC be responsible for loss of use, loss of profits, or increased operating claims of the customer, or any special, indirect or consequential damages. C. The agreement does not include responsibility for system design deficiencies, such as, but not limited to poor air distribution, water flow imbalances, etc. It does not include responsibility for system, equipment and component obsolescence, electrical failures, unserviceable equipment, and operating the system(s). D. MCC will not be liable for delays or failure to obligate due to fire, flood, freezing, unavailability of material, riots, acts of God, or any cause beyond reasonable control. E. This agreement does not include any services occasioned by improper operation, negligence except the negligence of MCC, vandalism, or alterations, modifications, abuse, or misuse, or repairs to equipment not performed by MCC. Also excluded is the furnishing of materials and supplies for painting or refurbishing equipment. F. MCC shall not be required to furnish any items of equipment, labor, or make special tests recommended or required by insurance companies, Federal, State, Municipal or other authorities except as otherwise included in this Agreement. G. In the event either party must commence a legal action in order to enforce any rights under this contract, the successful party shall be entitled to all court costs and reasonable attorney's fees as determined by the court for prosecuting and defending the claim, as the case may be. H. MCC shall not be liable for the operation of the equipment nor for injuries to persons or damage to property, except those directly due to the negligent acts or omissions of its employees and in no event shall it be liable for consequential or speculative damages. MCC shall not be liable for expense incurred in removing, replacing or refinishing any part of the building structure necessary to the execution of this Agreement. MCC shall not be held liable for any loss by reason of delays in transportation, delays caused by priority or preference rating, or orders or regulations established by any government, authority, or agency. I. In the event of additional freight, labor, or material costs resulting from the customer's request to avoid delays with respect to equipment warranties, or accelerated delivery of parts and supplies, the customer agrees to pay these additional costs. J. MCC's service shall not include the identification, detection, abatement, encapsulation or removal of asbestos or products or materials containing asbestos or similar hazardous substances. In the event MCC encounters such material in performing its work, MCC will have the right to discontinue work and remove its employees until the hazard is corrected or its determined no hazard exists. K. This Agreement contains the entire Contract and the parties hereby agree that this Agreement has been agreed to and the entire Agreement is then accepted and approved by an authorized person for both parties, and no statement, remark, agreement or, understanding, oral or written, not contained herein, will be recognized or enforced. L. This agreement does not include the disposal of hazardous waste. Any charges incurred for their proper disposal will be borne by the customer as an extra to the contract price. Disputes Disputes arising out of or in relation to this document that cannot be resolved first through direct discussion between parties involved, shall be decided by arbitration at the location of the project or Multi -Craft Contractors Inc.'s office at Multi -Craft Contractors Inc.'s discretion, and shall be governed by Arkansas law. This agreement is severable, and any part deemed unenforceable shall not render the remaining parts unenforceable. Authorized Purchaser & Title Acceptance Date Fayetteville Town Center 11511030902 Purchase Order Number If accepted please sign and fax to 479-751-0316 Page 2 of 2 Initials_ Assumptions • Continued economic recovery from pandemic • Tax Revenue growth 7% over 2021 actual • Cyclocross presented separately • Minimal support CHM expenses included in the EF budget HMR TAX $ in millions To represent 1/2 of the HMR tax for the City of Fayetteville Revenue Breakdown Hotel Motel Restaurant Tax: $4,154,500 Fayetteville Town Center: $494,000 Other: $196,850 M PROPOSED 2022 BUDGET Revenue: $4,845,350 Expense: $4,636,016 Comparison to 2021 budget Revenue Decrease 19% (-$778,000) Expense Decrease 10% (-$419,000) OTHER 4% FTC OPS Bond 10% 16% Tourism i Initiatives , Personnel 33% 31% Fayetteville A&P Commission Consolidated Budget 2022 Proposed Budget Summary Account Number Account Name Consolidated Budget 2021 Consolidated Budget 2022 Experience Fayetteville Budget 2021 Experience Fayetteville Budget 2022 EF % Change vs Actual 2021 Town Center Budget 2021 Town Center Budget 2022 FTC % Change vs Actual 2021 REVENUE 40000 Revenue 41000 Hotel, Motel, Restaurant Taxes 3,460,576 4,154,500 3,460,576 4,154,500 20% - - 0% 42000 Rental Income 350,250 478,800 - 10,800 0% 350,250 468,000 34% 43000 Event Income 37,500 33,550 26,500 33,550 27% 11,000 - -100% 44000 Sales 45,258 42,000 45,258 42,000 -7% - - 0% 45000 Parking Revenue 21,500 23,000 - - 0% 21,500 23,000 7% 46000 Advertising Income 8,000 5,000 8,000 5,000 -38% - - 0% 48000 Other Revenue 122,420 86,500 122,420 86,500 -29% - - 0% 49000 Interest Income 21,500 22,000 19,000 19,000 0% 2,500 3,000 20% TOTAL REVENUE 4,067,004 4,845,350 3,681,754 4,351,350 18% 385,250 494,000 28% EXPENSE 50000 Rental/and Event Expenses 184,050 238,150 104,360 132,150 27% 79,690 106,000 33% 51000 Rental Expenses 68,690 106,000 - - 0% 68,690 106,000 54% 52000 Event Expenses 73,800 88,450 62,800 88,450 41% 11,000 - -100% 53000 Visitors Center & Museum Store 31,560 31,700 31,560 31,700 0% - 0% 54000 Museum Activities 10,000 12,000 10,000 12,000 0% - - 0% 60000 Payroll and Related Expenses 1,329,680 1,439,625 910,718 1,020,194 12% 418,962 419,431 0% 70000 Operating Expenses 1,705,045 1,875,271 1,395,175 1,505,876 8% 309,870 369,395 19% 71000 Marketing 924,860 971,475 912,960 956,175 5% 11,900 15,300 29% 72000 Sales and Development 186,815 180,978 179,415 170,178 -5% 7,400 10,800 46% 73000 Office and Administrative 151,490 173,644 126,940 147,534 16% 24,550 26,110 6% 74000 Travel 18,250 55,740 14,400 51,490 258% 3,850 4,250 10% 75000 IT Expenses 77,750 128,601 64,950 75,601 16% 12,800 53,000 314% 76000 Insurance 16,700 26,415 13,850 22,250 61% 2,850 4,165 46% 77000 Facilities 329,180 338,418 82,660 82,648 0% 246,520 255,770 4% 80000 Tourism Support 291,230 275,970 291,230 275,970 -5% - - 0% 90000 Other Expenses 707,000 807,000 707,000 807,000 14% - - 0% TOTAL EXPENSE 4,217,005 4,636,016 3,408,483 3,741,190 10% 808,522 894,826 11% Net Revenue/(Loss) (150,001) 209,334 273,271 610,160 123% (423,272) (400,826) -5% 77800 Capital Expenditures 218,250 595,000 15,000 1 90,000 1 500% 203,250 505,000 1 148% Funded by 2021 Surplus 114,630 1 114,630 0% Adjusted Net Revenue/(Loss) (368,251) (500,296) 258,271 405,530 57% (626,522) (905,826) 45% 2022 Proposed Budget Appropriation Document Fayetteville A&P Commission Consolidated Budget 2022 Proposed Budget for Adoption Account Number Account Name Consolidated Budget 2022 ExperienceTown Fayetteville Budget 2022 Center Budget 2022 REVENUE 40000 Revenue 41000 Hotel, Motel, Restaurant Taxes 4,154,500 4,154,500 - 42000 Rental Income 478,800 10,800 468,000 42100 Facility Rental 225,000 - 225,000 42200 Rental Items 68,000 - 68,000 42300 Alcohol Sales 135,800 10,800 125,000 42400 Rental Services 50,000 - 50,000 43000 Event Income 33,550 33,550 - 43100 1st Thursday Income 22,350 22,350 - 43200 LOTO Income 11,200 11,200 - 43400 Other Event Income - - - 44000 Sales 42,000 42,000 44200 Visitor Store Sales 42,000 42,000 44210 Regular Store Sales 40,000 40,000 - 44220 Consignment Sales 2,000 2,000 - 45000 Parking Revenue 23,000 - 23,000 45100 Parking Machine Revenue 12,500 12,500 45200 Parking Lease Revenue 10,500 - 10,500 46000 Advertising Income 5,000 5,000 - 46200 Banner Income 5,000 5,000 - 48000 Other Revenue 86,500 86,500 - 48200 Other Revenue - - - 48300 Cycling Coordinator Grant 10,530 10,530 - 48500 Other Grants / DSAC 75,970 75,970 - 49000 Interest Income 22,000 19,000 3,000 49001 Investment Account Interest 14,000 14,000 - 49002 Checking Account Interest 8,000 5,000 3,000 TOTAL REVENUE 4,845,350 4,351,350 494,000 EXPENSE 50000 Rental/and Event Expenses 238,150 132,150 106,000 51000 Rental Expenses 106,000 - 106,000 51200 Linens 16,500 16,500 51300 Alcohol and Bar Supply 46,500 - 46,500 51310 Alcohol 40,000 40,000 51320 Bar Supplies 6,500 6,500 51400 Rental Services 43,000 - 43,000 52000 Event Expenses 88,450 88,450 - 52100 1st Thursday Expenses 50,000 50,000 - Fayetteville A&P Commission Consolidated Budget 2022 Proposed Budget for Adoption Account Number Account Name Consolidated Budget 2022 ExperienceTown Fayetteville Budget 2022 Center Budget 2022 52200 LOTO Expenses 35,100 35,100 - 52400 Other Event Expenses 3,350 3,350 - 53000 Visitors Center & Museum Store 31,700 31,700 - 53200 Visitors Center 29,700 29,700 - 53210 Goods for Sale 28,000 28,000 - 53220 Store Supplies 1,700 1,700 - 53300 Consignment Sales Expenses 2,000 2,000 - 54150 First Ladies Garden 12,000 12,000 - 60000 Payroll and Related Expenses 1,439,625 1,020,194 419,431 61000 Wages 1,103,257 803,931 299,326 62000 Payroll Tax Expense 100,361 71,848 28,513 62100 Federal (941) Payroll Taxes 81,111 58,938 22,173 62300 SUTA 19,250 12,910 6,340 63000 Benefits 179,067 135,827 43,240 63100 Health and Other Employee Insurance 142,657 107,467 35,190 63200 Company Retirement Contributions 31,410 23,360 8,050 63300 Car Allowance 5,000 5,000 - 64000 Contract Labor 49,900 3,900 46,000 65000 Payroll Processing Fees 7,040 4,688 2,352 70000 Operating Expenses 1,875,271 1,505,876 369,395 71000 Marketing 971,475 956,175 15,300 71100 Advertising Expenses 421,575 416,575 5,000 71110 Agency Advertising 400,000 400,000 - 71120 Non -Agency Advertising 21,575 16,575 5,000 71200 Agency Retainer and PR 175,000 175,000 - 71300 Promotion 287,500 280,000 7,500 71310 Promotion Expenses 282,500 275,000 7,500 71350 Banners 5,000 5,000 - 71400 Printing 67,000 65,000 2,000 71410 Visitors Guide 20,000 20,000 - 71420 Other Brochures 47,000 45,000 2,000 71500 Website 9,900 9,100 800 71600 Mailings 10,500 10,500 - 72000 Sales and Development 180,978 170,178 10,800 72100 Promotional Items 12,000 10,000 2,000 72300 Groups 3,795 3,795 - 72400 Sports and Cycling 90,000 90,000 - 72500 Meetings 20,845 20,845 - Fayetteville A&P Commission Consolidated Budget 2022 Proposed Budget for Adoption Account Number Account Name Consolidated Budget 2022 ExperienceTown Fayetteville Budget 2022 Center Budget 2022 72600 Memberships 30,838 25,538 5,300 72700 Tourism & Client Devel. 23,500 20,000 3,500 73000 Office and Administrative 173,644 147,534 26,110 73100 Office Expenses 42,654 27,144 15,510 73110 Office Supplies 10,800 5,000 5,800 73120 Office Equipment Leases 7,870 4,020 3,850 73130 Office Equipment Purchases 1,300 500 800 73140 Subscriptions 2,390 1,330 1,060 73150 Employee Relations 7,000 6,000 1,000 73160 Training 11,919 9,119 2,800 73170 Postage & Shipping 1,375 1,175 200 73200 Fees 8,100 4,000 4,100 73210 Bank Service Charges 500 500 - 73220 Credit Card Fees 7,600 3,500 4,100 73400 Business Taxes & Licenses 9,200 2,700 6,500 73500 Accounting, Audit & Legal 31,300 31,300 - 73520 Audit Fees 27,800 27,800 - 73530 Legal Fees 3,000 3,000 - 73900 Collection Expenses 82,390 82,390 - 74000 Travel 55,740 51,490 4,250 74100 Lodging 14,745 12,945 1,800 74200 Mileage 1,430 1,130 300 74300 Transportation 33,875 32,325 1,550 74400 Meals Out of Town 5,690 5,090 600 75000 IT Expenses 128,601 75,601 53,000 75100 Computer Hardware 12,700 6,700 6,000 75200 Software 73,310 30,210 43,100 75300 IT Support and Consulting 42,591 38,691 3,900 76000 Insurance 26,415 22,250 4,165 76100 Insurance - Building 25,015 20,850 4,165 76200 Insurance - W/C 1,400 1,400 - 77000 Facilities 338,418 82,648 255,770 77100 Rent 39,600 15,600 24,000 77200 Internet & Telephone 33,300 16,500 16,800 77300 Utilities 106,580 22,480 84,100 77310 Electric 74,800 13,800 61,000 77320 Gas 15,850 4,450 11,400 77330 Water 1 15,930 4,230 11,700 Fayetteville A&P Commission Consolidated Budget 2022 Proposed Budget for Adoption Account Number Account Name Consolidated Budget 2022 ExperienceTown Fayetteville Budget 2022 Center Budget 2022 77400 Repairs and Maintenance 76,000 21,000 55,000 77500 Janitorial Supplies 35,500 2,500 33,000 77600 Maintenance Contracts 47,438 4,568 42,870 80000 Tourism Support 275,970 275,970 - 80300 Theatre Squared Contribution 200,000 200,000 - 90000 Other Expenses 807,000 807,000 90100 Bond Payments 707,000 707,000 - 90200 Contribution to Capital Reserve 100,000 100,000 - TOTAL EXPENSE 4,636,016 3,741,190 894,826 Net Revenue/(Loss) 209,334 610,160 (400,826) 77800 Capital Expenditures 595,000 90,000 505,000 49999 Funded by 2021 Surplus 71250 Mobile VC Buildout 35,000 35,000 - 80400 Other Grants / DSAC 79,630 79,630 - Adjusted Net Revenue/(Loss) (500,296) 405,530 (905,826) 2022 Proposed Budget Experience Fayetteville Detail Fayetteville A&P Commission Experience Fayetteville - Detail 2022 Proposed Budget Account Number Account Name Experience Fayetteville 2021 Budget Experience Fayetteville 2021 Projected Experience Fayetteville 2022 Proposed Budget EF%Change vs 2021 Budget EF %Change vs 2021 PROJECTED REVENUE 40000 Revenue 41000 Hotel, Motel, Restaurant Taxes 3,460,576 3,931,450 4,154,500 20% 6% 42000 Rental Income 0 2,450 10,800 0% 341% 42300 Alcohol Sales 0 2,450 10,800 0% 341% 43000 Event Income 26,500 23,685 33,550 27% 42% 43100 1st Thursday Income 18,000 16,580 22,350 24% 35% 43200 LOTO Income 7,500 6,800 11,200 49% 65% 43400 Other Event Income 1,000 305 0 -100% 0% 44000 Sales 45,258 38,300 42,000 -7% 10% 44200 Visitor Store Sales 45,258 38,300 42,000 -7% 10% 44210 Regular Store Sales 42,558 37,000 40,000 -6% 8% 44220 Consignment Sales 2,700 1,300 2,000 -26% 54% 46000 Advertising Income 8,000 500 5,000 -38% 900% 46200 Banner Income 8,000 500 5,000 -38% 900% 48000 Other Revenue 31,190 258,930 10,530 -66% -96% 48200 Other Revenue 0 248,400 0 0% -100% 48300 Cycling Coordinator Grant 31,190 10,530 10,530 -66% 0% 48500 Other Grants / DSAC 91,230 79,630 75,970 -17% -5% 49000 Interest Income 19,000 17,300 19,000 0% 10% 49001 Investment Account Interest 14,000 13,000 14,000 0% 8% 49002 Checking Account Interest 5,000 4,300 5,000 0% 16% TOTAL REVENUE 3,681,754 4,352,245 4,351,350 18% 0% EXPENSE 50000 Rental/and Event Expenses 104,360 104,253 132,150 27% 27% 51000 Rental Expenses 0 1,600 0 0% 0% 51310 Alcohol 0 1,600 0 0% 0% 52000 Event Expenses 62,800 61,753 88,450 41% 43% 52100 1st Thursday Expenses 35,500 20,700 50,000 41% 142% 52200 LOTO Expenses 25,500 30,000 35,100 38% 17% 52400 Other Event Expenses 1,800 11,053 3,350 86% -70% 53000 Visitors Center & Museum Store 31,560 27,900 31,700 0% 14% 53200 Visitors Center 31,560 27,900 31,700 0% 14% 53210 Goods for Sale 25,610 25,000 28,000 9% 12% 53220 Store Supplies 3,950 1,700 1,700 -57% 0% 53300 Consignment Sales Expenses 2,000 1,200 2,000 0% 67% 54000 Museum Activities 10,000 13,000 12,000 0% 0% 54150 First Ladies Garden 10,000 13,000 12,000 0% 0% 60000 Payroll and Related Expenses 910,718 879,700 1,020,194 12% 16% 61000 Wages 713,354 700,000 803,931 13% 15% 62000 Payroll Tax Expense 57,248 55,900 71,848 26% 29% 62100 Federal (941) Payroll Taxes 52,543 50,500 58,938 12% 17% 62300 SUTA 4,705 5,400 12,910 174% 139% 63000 Benefits 128,769 117,000 135,827 5% 16% 63100 Health and Other Employee Insurance 103,397 93,000 107,467 4% 16% 63200 Company Retirement Contributions 20,3721 19,0001 23,360 15% 23% Fayetteville A&P Commission Experience Fayetteville - Detail 2022 Proposed Budget Account Number Account Name Experience Fayetteville 2021 Budget Experience Fayetteville 2021 Projected ExperienceEF Fayetteville 2022 Proposed Budget %Change vs 2021 Budget EF%Change vs 2021 PROJECTED 63300 Car Allowance 5,000 5,000 5,000 0% 0% 64000 Contract Labor 7,300 3,000 3,900 -47% 30% 65000 Payroll Processing Fees 4,047 3,800 4,688 16% 23% 70000 Operating Expenses 1,395,175 1,274,179 1,505,876 8% 18% 71000 Marketing 912,960 845,900 956,175 5% 13% 71100 Advertising Expenses 370,000 370,000 416,575 13% 13% 71110 Agency Advertising 355,000 355,000 400,000 13% 13% 71120 Non -Agency Advertising 15,000 15,000 16,575 11% 11% 71200 Agency Retainer and PR 180,000 179,600 175,000 -3% -3% 71250 Mobile VC Buildout 150,000 115,000 0 -100% -100% 71300 Promotion 142,360 134,500 280,000 97% 108% 71310 Promotion Expenses 138,000 130,000 275,000 99% 112% 71350 Banners 4,360 4,500 5,000 15% 11% 71400 Printing 50,000 34,000 65,000 30% 91% 71410 Visitors Guide 15,000 10,000 20,000 33% 100% 71420 Other Brochures 35,000 24,000 45,000 29% 88% 71500 Website 9,100 6,800 9,100 0% 34% 71600 Mailings 11,500 6,000 10,500 -9% 75% 72000 Sales and Development 179,415 164,000 170,178 -5% 4% 72100 Promotional Items 6,490 3,500 10,000 54% 186% 72300 Groups 1,500 500 3,795 153% 659% 72400 Sports and Cycling 113,000 110,000 90,000 -20% -18% 72500 Meetings 12,825 10,000 20,845 63% 108% 72600 Memberships 27,000 25,000 25,538 -5% 2% 72700 Tourism & Client Devel. 18,600 15,000 20,000 8% 33% 73000 Office and Administrative 126,940 122,429 147,534 16% 21% 73100 Office Expenses 24,775 16,500 27,144 10% 65% 73110 Office Supplies 5,600 5,000 5,000 -11% 0% 73120 Office Equipment Leases 4,500 4,500 4,020 -11% -11% 73130 Office Equipment Purchases 1,000 200 500 -50% 150% 73140 Subscriptions 575 600 1,330 131% 122% 73150 Employee Relations 3,500 3,600 6,000 71% 67% 73160 Training 8,200 1,500 9,119 11% 508% 73170 Postage & Shipping 1,400 1,100 1,175 -16% 7% 73200 Fees 1,350 2,500 4,000 196% 60% 73210 Bank Service Charges 350 500 500 43% 0% 73220 Credit Card Fees 1,000 2,000 3,500 250% 75% 73400 Business Taxes & Licenses 2,600 2,600 2,700 4% 4% 73500 Accounting, Audit & Legal 29,000 22,200 31,300 8% 41% 73510 Accounting Fees 0 200 500 0% 150% 73520 Audit Fees 24,000 21,000 27,800 16% 32% 73530 Legal Fees 5,000 1,000 3,000 -40% 200% 73900 Collection Expenses 69,215 78,629 82,390 19% 5% 74000 Travel 14,400 6,400 51,490 258% 705% 74100 Lodging 6,800 1,800 12,945 90% 619% 74200 Mileage 8001 1,1001 1,130 41% 3% Fayetteville A&P Commission Experience Fayetteville - Detail 2022 Proposed Budget Account Number Account Name Experience Fayetteville 2021 Budget Experience Fayetteville 2021 Projected ExperienceEF Fayetteville 2022 Proposed Budget %Change vs 2021 Budget EF %Change vs 2021 PROJECTED 74300 Transportation 4,600 2,500 32,325 603% 1193% 74400 Meals Out of Town 2,200 1,000 5,090 131% 409% 75000 IT Expenses 64,950 56,500 75,601 16% 34% 75100 Computer Hardware 13,500 3,500 6,700 -50% 91% 75200 Software 14,500 16,000 30,210 108% 89% 75300 IT Support and Consulting 36,950 37,000 38,691 5% 5% 76000 Insurance 13,850 15,250 22,250 61% 46% 76100 Insurance - Building 12,350 14,000 20,850 69% 49% 76200 Insurance - W/C 1,500 1,250 1,400 -7% 12% 77000 Facilities 82,660 63,700 82,648 0% 30% 77100 Rent 15,760 15,600 15,600 -1% 0% 77200 Internet & Telephone 16,400 14,000 16,500 1% 18% 77300 Utilities 15,600 14,500 22,480 44% 55% 77310 Electric 8,800 11,500 13,800 57% 20% 77320 Gas 3,000 1,500 4,450 48% 197% 77330 Water 3,800 1,500 4,230 11% 182% 77400 Repairs and Maintenance 30,000 14,000 21,000 -30% 50% 77500 Janitorial Supplies 1,200 2,100 2,500 108% 19% 77600 Maintenance Contracts 3,700 3,500 4,568 23% 31% 80000 Tourism Support 291,230 200,000 275,970 -5% 38% 80100 Current Year grants 0 0 0 0% 0% 80200 Prior Year Grants 0 0 0 0% 0% 80300 Theatre Squared Contribution 200,000 200,000 200,000 0% 0% 80400 Dickson Street Art Court 91,230 0 75,970 -17% 0% 90000 707,000 707,000 807,000 14% 14% 90100 Bond Payments 707,000 707,000 707,000 0% 0% 90200 Contribution to Capital Reserves 0 0 100,000 0% 0% TOTAL EXPENSE 3,408,483 3,165,132 3,741,190 10% 18% Net Revenue/(Loss) 273,271 1,187,113 610,160 123% -49% Funded out of Operating Reserves: 77800 Capital Expenditures 1 15,0001 01 90,000 1 500% 0% Funded out of 2021 Surplus: 71250 Mobile VC Buildout 01 01 35,000 1 0% 0% 80400 Other Grants / DSAC 01 01 79,630 1 0% 0% 2022 Proposed Budget Fayetteville Town Center Detail Fayetteville A&P Commission Fayetteville Town Center - Detail 2022 Proposed Budget Account Number Account Name Town Center 2021 Budget Town Center 2021 Projected Town Center 2 Proposed Budget FTC % Change vs 2021 Budget FTC % Change vs 2021 PROJECTED REVENUE 42000 Rental Income 350,250 145,000 468,000 34% 223% 42100 Facility Rental 220,050 85,000 225,000 2% 165% 42200 Rental Items 24,500 7,000 68,000 178% 871% 42300 Alcohol Sales 70,700 18,000 125,000 77% 594% 42400 Rental Services 35,000 1 35,000 50,000 43% 43% 43000 Event Income 11,000 2,300 0 -100% -100% 43400 Other Event Income 11,000 2,300 0 -100% -100% 45000 Parking Revenue 21,500 21,000 23,000 7% 10% 45100 Parking Machine Revenue 11,500 9,000 12,500 9% 39% 45200 Parking Lease Revenue 10,000 12,000 10,500 5% -13% 49000 Interest Income 2,500 850 3,000 20% 253% 49002 Checking Account Interest 2,500 850 3,000 20% 253% TOTAL REVENUE 385,250 169,150 494,000 28% 192% EXPENSE 50000 Rental/and Event Expenses 79,690 27,500 106,000 33% 285% 51000 Rental Expenses 68,690 20,000 106,000 54% 430% 51100 Facility Rental Expenses 51200 Linens 15,000 1 3,400 16,500 10% 385% 51300 Alcohol and Bar Supply 28,690 8,600 46,500 62% 441% 51310 Alcohol 26,390 7,500 40,000 52% 433% 51320 Bar Supplies 2,300 1,100 6,500 183% 491% 51400 Rental Services 25,000 8,000 43,000 72% 438% 52000 Event Expenses 11,000 7,500 0 -100% 0% 52400 Other Event Expenses 11,000 7,500 0 -100% 0% 60000 Payroll and Related Expenses 418,962 321,200 419,431 0% 31% 61000 Wages 299,870 235,000 299,326 0%1 27% 62000 Payroll Tax Expense 25,499 20,500 28,513 12% 39% 62100 Federal (941) Payroll Taxes 22,226 17,000 22,173 0% 30% 62300 SUTA 3,273 3,500 6,340 94% 81% 63000 Benefits 42,956 35,400 43,240 1% 22% 63100 Health and Other Employee Insura 34,984 30,900 35,190 1%1 14% 63200 Company Retirement Contribution 7,972 4,500 8,050 1% 79% 64000 Contract Labor 48,000 28,500 46,000 -4% 61% 65000 Payroll Processing Fees 2,637 1,800 2,352 -11% 31% 70000 Operating Expenses 309,870 254,667 369,395 19% 45% 71000 Marketing 11,900 1,900 15,300 29% 705% 71100 Advertising Expenses 2,500 600 5,000 100% 733% 71120 Non -Agency Advertising 2,500 600 5,000 100% 733% 71300 Promotion 6,500 500 7,500 15% 1400% 71310 Promotion Expenses 6,500 500 7,500 15% 1400% 71400 Printing 2,100 0 2,000 -5% 0% 71420 Other Brochures 2,100 0 2,000 -5% 0% Fayetteville A&P Commission Fayetteville Town Center - Detail 2022 Proposed Budget Account Number Account Name Town Center 2021 Budget Town Center 2021 Projected Town Center 2 Proposed Budget FTC % Change vs 2021 Budget FTC % Change vs 2021 PROJECTED 71500 Website 800 800 800 0% 0% 72000 Sales and Development 7,400 4,500 10,800 46% 140% 72100 Promotional Items 1,500 500 2,000 33% 300% 72600 Memberships 3,400 3,400 5,300 56% 56% 72700 Tourism & Client Devel. 2,500 600 3,500 40% 483% 73000 Office and Administrative 24,550 11,057 26,110 6% 136% 73100 Office Expenses 12,550 4,807 15,510 24% 223% 73110 Office Supplies 3,500 2,000 5,800 66% 190% 73120 Office Equipment Leases 3,000 2,107 3,850 28% 83% 73130 Office Equipment Purchases 500 150 800 60% 433% 73140 Subscriptions 200 0 1,060 430% 0% 73150 Employee Relations 1,500 500 1,000 -33% 100% 73160 Training 3,500 0 2,800 -20% 0% 73170 Postage & Shipping 350 50 200 -43% 300% 73200 Fees 3,500 1,250 4,100 17% 228% 73220 Credit Card Fees 3,500 1,250 4,100 17% 228% 73400 Business Taxes & Licenses 8,500 5,000 6,500 -24% 30% 74000 Travel 3,850 160 4,250 10% 2556% 74100 Lodging 800 0 1,800 125% 0% 74200 Mileage 500 150 300 -40% 100% 74300 Transportation 1,750 10 1,550 -11% 15400% 74400 Meals Out of Town 800 0 600 -25% 0% 75000 IT Expenses 12,800 9,700 53,000 314% 446% 75100 Computer Hardware 4,200 2,000 6,000 43% 200% 75200 Software 6,500 6,500 43,100 563% 563% 75300 IT Support and Consulting 2,100 1,200 3,900 86% 225% 76000 Insurance 2,850 4,150 4,165 46% 0% 76100 Insurance - Building 2,850 4,150 4,165 46% 0% 77000 Facilities 246,520 223,200 255,770 4% 15% 77100 Rent 24,000 24,000 24,000 0% 0% 77200 Internet & Telephone 21,420 23,200 16,800 -22% -28% 77300 Utilities 84,100 84,000 84,100 0% 0% 77310 Electric 61,000 65,000 61,000 0% -6% 77320 Gas 11,400 12,000 11,400 0% -5% 77330 Water 11,700 7,000 11,700 0% 67% 77400 Repairs and Maintenance 55,000 40,000 55,000 0% 38% 77500 Janitorial Supplies 25,000 15,000 33,000 32% 120% 77600 Maintenance Contracts 37,000 37,000 42,870 16% 16% TOTAL EXPENSE 808,522 603,367 894,826 11% 48% Net Revenue/(Loss) (423,272) (434,217) (400,826) -5% -8% Funded out of Reserves: 77800 Capital Expenditures 203,250 200,000 1 505,000 1 148% 153% 2022 Proposed Budget Supplement Cyclocross Grant Program 15 Fayetteville A&P Commission Cyclocross Grant Program 2022 Proposed Budget Account Number Account Name Cyclocross 2021 Budget CyclocrossCyclocross 2021 Projected 2022 Budget REVENUE 40000 Revenue 48400 Cyclocross 963,500 2,748,000 300,000 48401 Cyclocross Grant Funds 675,000 2,600,000 - 48402 Cyclocross Event Revenue 288,500 148,000 300,000 49000 Interest Income 3,000 2,700 500 49002 Checking Account Interest 3,000 2,700 500 TOTAL REVENUE 966,500 2,750,700 300,500 EXPENSE 80000 Tourism Support 1,344,589 1,600,000 1,715,000 80500 Cyclocross Event 1,344,589 1,600,000 1,715,000 TOTAL EXPENSE 1,344,589 1,600,000 1,715,000 Net Revenue/(Loss) (378,089)1 1,150,700 1 (1,414,500) Beginning Fund Balance Ending Fund Balance 760,030 761,944 1,912,644 381,941 1,912,644 498,144