HomeMy WebLinkAbout10/19/2004, COUNCIL LIAISON REPORT #1 - PERFORMING ARTS CENTER COMMISSION MEETING OF OCTOBER 14, 2004 - r' 1L
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October 15, 2004 1>`ACAO T=IRE CHIEF
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To: Council Colleagues CLERKiORIG POLICE CHF
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From: Dave Romero, Mayor
Subject: Performing Arts Center Commission meeting of October 14, 2004
Including the agreed upon subsidies from the three partners, the following reflects the very positive
year-end financial report for 2003-04:
• The operating budget finished in the black by$45,112.
• The operating reserve is $269,270 (16% as opposed to the policy required 15% of operating
expenses).
• The replacement reserve is $766,512 (the original projection for 6/30/04 was $672,197).
Other reported items of interest include:
• The near completion of a remodel to the former"chiller room" to provide much needed storage
and a small workshop.
• The acquisition, at almost no cost, of a computer-controlled moving light system salvaged from
the Paris Hotel in Las Vegas.
• The installation of the monument name sign in front of the building by Christmas.
• The receipt of the 90% construction documents for the acoustics project(bidding to occur in
January and construction in the summer of 2005).
• The installation of the organ, donated by Bert and Candy Forbes, starting in the summer of
2006, with tuning occurring over the next year.
• The installation of equipment in the Pavilion to make it more user friendly for small
productions.
• Holding the Chamber of Commerce UCSB Economic Forecast at the PAC on Friday,
November 5, a first for the PAC.
Commissioners approved the 2004-05 budget, which includes the addition of funding for part-time
technical support for the new ticketing software, and for projected salary increases for three PAC
employees who have not received raises in several years.
The final item of discussion concerned concepts for the PAC's 10`h anniversary celebration. The actual
anniversary date is September 27, 2006. There was general consensus that there should be a
celebration,.similar to the opening celebration, around the actual date, followed by recognition over the
next year and culminating with the first organ recital in 2007.
Giasion Report PAC Commission