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Type:
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Consent Item
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Status:
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Agenda Ready
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On agenda:
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6/1/2022
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Final action:
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Title:
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PUBLIC ART FUND REPORT
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TO: PUBLIC ART COMMISSION
FROM: CAMERON HARDING, COMMUNITY SERVICES DIRECTOR
TITLE
title
PUBLIC ART FUND REPORT
end
recommendation
body
contact
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RECOMMENDATION
Receive and file a report on the John Parsons Public Art Fund.
BACKGROUND
The John Parsons Public Art Fund is an account held by the City to fund public art program activities including artwork commissions, installations and maintenance. There was a refund to Legado of $35,000 on May 5, 2022, which reduces the amount Legado paid to the Public Art Fund previously. The year-to-date revenue received will be reduced by this amount. As noted in the table below, the available fund balance is $874,622.
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PUBLIC ART FUND |
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TOTAL |
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FY 2019-20 Opening Balance |
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330,793 |
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Expenses |
|
|
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Utility Box Program Artist Fees (Phase 2) |
( 1,750) |
|
|
Utility Box Program Installation (Phase 2) |
( 4,948) |
|
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Utility Box Program call for artists advertising |
( 35) |
|
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Mosaic @ RB Police Station Artist Fee |
( 30,000) |
|
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Fund Contributions |
164,380 |
|
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FY 2019-20 Closing Balance |
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458,440 |
|
|
|
|
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FY 2020-21 Opening Balance |
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458,440 |
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Fund Contributions |
11,305 |
|
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Expenses |
|
|
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Mosaic @ RB Police Station Artist Fee |
(5,000) |
|
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*"Waves" Maintenance |
(10,000) |
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*Utility Box Maintenance (10 boxes) |
(642) |
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*Mosaic Wall @ Police Station Maintenance |
(1,750) |
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Fund Balance |
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452,353 |
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Fund Contributions |
10,000 |
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Fund Balance 01.27.21 |
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462,353 |
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Fund Contributions |
138,670 |
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Expenses |
|
|
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*Phase III and IV Utility Box Program (15 total) - estimate |
(21,750) |
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*Phase III and IV Utility Box Program maintenance (5%) |
(109) |
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Fund Balance 04.28.21 |
|
579,164 |
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Funds for Miscellaneous Professional Services |
( 2,000) |
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Fund Contributions |
36,565 |
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Fund Balance 05.26.21 |
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613,729 |
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Fund Contributions |
20,964 |
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Fund Balance 07.28.21 |
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634,693 |
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Fund Balance 08.31.21 |
7,617 |
642,310 |
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Funds for Utility Box Professional Services |
(1,250) |
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Fund Balance 09.30.21 |
6,999 |
649,309 |
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Fund Balance 10.31.21 |
407 |
649,716 |
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Fund Balance 12.31.21 |
20,000 |
669,716 |
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Fund Balance 2.28.22 |
235,406 |
905,122 |
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Legado Refund |
(35,000) |
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Fund Balance 5.05.22 |
30,500 |
874,622 |
* = encumbered
Each project public art project funded by the John Parsons Public Art Fund includes a 5% (five percent) ongoing allocation for maintenance purposes as required by the Public Art Ordinance.
ATTACHMENTS
1. Summary of Activity
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