HomeMy WebLinkAboutC-8577-8C - Cultural Arts Grants - FY 22-23 - Class Act Music EducationGRANT AGREEMENT
BETWEEN THE CITY OF NEWPORT BEACH AND
PACIFIC SYMPHONY
This Grant Agreement ("Agreement") is entered into this 12th day of April, 2022
("Effective Date"), by and between the City of Newport Beach, a California municipal
corporation and Charter City ("City"), and PACIFIC SYMPHONY, a California corporation
located at 17620 Fitch, Suite 100, Irvine, California 92614 ("Grantee"). City and Grantee
are at times individually referred to as "Party" and collectively as "Parties" herein.
RFC_ITAI S
A. It is the policy of the City Council that the City's budget specifically allows the City
Council to direct revenue towards non-profit agencies, community groups,
community events, or enhancement projects with worthy projects or programs
which the City Council deems beneficial to the residents' quality of life.
B. Grantee requested a grant from the City for Class Act music education program
("Grant Proposal").
C. The City Council determined the Grant Proposal is for a worthy project that will
benefit the City's residents' quality of life.
D. The City Council approved a grant in the amount of Five Thousand Dollars and
00/100 ($5,000.00) ("Grant Funds") to Grantee pursuant to certain conditions
regarding expenditure, reporting, and accounting requirements.
NOW, THEREFORE, the Parties agree as follows:
1. GRANT
1.1. City awards to Grantee Grant Funds in the amount of Five Thousand Dollars
and 00/100 ($5,000.00) as requested by Grantee in the Grant Proposal attached hereto
as Exhibit A and incorporated herein by reference, or such other amount as authorized
by the City Council.
1.2. Grant Funds shall be disbursed by City to Grantee as follows (select one):
® At the time of execution of this Agreement.
The term of this Agreement shall commence on the Effective Date and shall
continue in full force and effect until February 18, 2023, unless terminated earlier as
provided herein.
PACIFIC SYMPHONY Page 1
3. RESTRICTIONS ON USE OF FUNDS AND OTHER REQUIREMENTS RELATED
TO THE RECEIPT OF GRANT FUNDS
3.1. The Grant Funds are subject to the following expenditure conditions ("Approved
Uses"):
3.1.1. The Grant Funds shall be expended solely for the purposes provided
in Exhibit A;
3.1.2. The Grant Funds shall not be used for any activity that would violate
City, state or federal statutory or decisional law such as regulations affecting non-profit or
tax exempt organizations exempt from taxation pursuant to Section 501(c)(3) of the
Internal Revenue Code; and
3.2. Grantee further warrants to City that the Grant Funds will be spent solely for
the Approved Uses and the Grant Funds shall be used by Grantee during this
Agreement's term otherwise the Grant Funds shall be returned to City, as provided in
Section 5 below.
3.3. Grantee shall conduct background checks for all of its volunteers and
employees who work with minor children in relation to any project described in Grantee's
Grant Proposal. To the extent applicable, Grantee shall provide the City certification that
it has complied with this requirement prior to the receipt of Grant Funds.
4. REPORTING AND ACCOUNTING REQUIREMENTS
4.1. At all times during the term of this Agreement, Grantee shall maintain true,
proper, and complete books, records, and accounts (collectively, "Books and Records")
in which shall be entered fully and accurately all transactions taken with respect to the
operations of Grantee under the Grant Proposal and the expenditure of the Grant Funds.
Grantee shall maintain the Books and Records in accordance with Generally Accepted
Accounting Principles. Grantee shall make available to City such Books and Records
upon City's request.
4.2. If the Grantee has been audited by an independent auditor or has been the
subject of a compliance audit/examination by a grantee or regulatory agency during the
past three years, audit reports and management letters indicating compliance violations,
fraud, illegal acts, material weaknesses in internal control structure or reportable
conditions, in connection with such audits shall be delivered to the City thirty (30) days
prior to the effective date of this agreement. If no audits or events as described above
have occurred during this period, the Grantee shall provide City a written assertion that
no audits or similar examinations have occurred during the three (3) year period and an
assertion that the Grantee is not aware of any events or conditions, described above, or
other information that might reasonable impact City's decision to fund the grant as
requested.
PACIFIC SYMPHONY Page 2
4.3. City reserves the right to designate its own employee representative(s) or its
contracted representative(s) with a Certified Public Accounting firm who shall have the
right to audit Grantee's accounting procedures and internal controls of Grantee's financial
systems as they relate to the Grant Proposal and to examine any cost, revenue, payment,
claim, other records or supporting documentation resulting from any items set forth in this
Agreement. Any such audit(s) shall be undertaken by City or its representative(s) at
mutually agreed upon reasonable times and in conformance with generally accepted
auditing standards. Grantee agrees to fully cooperate with any such audit(s).
4.4. This right to audit shall extend during the length of this Agreement and for a
period of three (3) years or longer, if required by law, following the date of any Grant
Funds tendered under this Agreement. Grantee agrees to retain all necessary
records/documentation for the entire length of this audit period.
4.5. Grantee shall, upon conclusion of the event, furnish the City with a Balance
Sheet and Income Statement describing the receipt and disbursement activities of
Grantee with respect to the Grant Funds. In its sole and absolute discretion, the City may
also require Grantee to submit: (i) quarterly check registers and descriptions of each
disbursement; (ii) budget -to -actual -results; and (iii) a statement of position describing the
assets and liabilities associated with the Grant event. All reports, including a post -event
evaluation, shall be due to the City no later than forty-five (45) days following the
conclusion of the event. In the event that an independent audit is conducted, Grantee
shall forward a copy of the audited report to the City for review, including any Management
Letter, Report on Internal Controls, or Reportable Conditions letter generated during the
course of the audit.
4.6. Grantee agrees to exercise prudent financial management processes including
proper oversight of all assets, budget preparation, and timely reporting including budget -
to -actual -comparisons.
4.7. All Approved Uses shall be performed by Grantee or under Grantee's
supervision. Grantee represents that it possesses the professional and technical skills
required to perform the services required by this Agreement, and that it will perform all
services with a standard of care and in a manner commensurate with the community
professional standards and with the ordinary degree of skill and care that would be used
by other reasonably competent practitioners of the same discipline under similar
circumstances.
4.8. If Grantee has supported Political Action Committees(s) (PACs) during the past
three (3) years, the Grantee shall hire an independent auditor to perform limited, agreed-
upon testwork procedures to provide City assurance that City sponsored event profits did
not subsidize the funding of Political Action Committees (PACs) and event proceeds were
adequately segregated from funds used to support PACs. Agreed upon procedures may
include a review of a detail list of the past three (3) years of PAC contributions and
expenditures, including:
a. An identifying donor number, date and amount of each reported
contribution; and
PACIFIC SYMPHONY Page 3
b. A detail of expenditures sufficient enough to determine that the
expenditures were solely for PAC -related expenses; and
c. Any retained earnings or fund balance at the end of each fiscal year.
Substantive documentation for the contribution and expenditure should be available
upon request. City shall approve the agreed-upon testwork procedures prior to the
commencement of fieldwork.
5. USE OF GRANT FUNDS
5.1. The Grant Funds shall be used solely by Grantee for the Approved Uses and
for no other use. In the event that the Grant Funds are not used for the Approved Uses
or are not expended by or before February 11, 2023, Grantee shall notify the City in
writing, and shall be obligated to return the Grant Funds to City within thirty (30) days.
5.2. The City's grant contribution shall only be used for non-sectarian purposes.
Grantees shall not use the City's grant contribution, or any portion thereof, for any purpose
that violates local, state, or federal law, including, but not limited to, the Establishment
Clause.
6. INDEMNIFICATION
6.1. To the fullest extent permitted by law, Grantee shall indemnify, defend and hold
harmless City, its City Council, boards and commissions, officers, agents, volunteers, and
employees (collectively, the "Indemnified Parties") from and against any and all claims
(including, without limitation, claims for bodily injury, death or damage to property),
demands, obligations, damages, actions, causes of action, suits, losses, judgments,
fines, penalties, liabilities, costs and expenses (including, without limitation, attorney's
fees, disbursements and court costs) of every kind and nature whatsoever (individually,
a "Claim"; collectively, "Claims"), which may arise from or in any manner relate (directly
or indirectly) to this Agreement (including the negligent and/or willful acts, errors and/or
omissions of Grantee, its principals, officers, agents, employees, vendors, suppliers,
consultants, subcontractors, anyone employed directly or indirectly by any of them or for
whose acts they may be liable or any or all of them).
6.2. Notwithstanding the foregoing, nothing herein shall be construed to require
Grantee to indemnify the Indemnified Parties from any Claim arising from the sole
negligence or willful misconduct of the Indemnified Parties. Nothing in this indemnity shall
be construed as authorizing any award of attorney's fees in any action on or to enforce
the terms of this Agreement. This indemnity shall apply to all claims and liability
regardless of whether any insurance policies are applicable. The policy limits do not act
as a limitation upon the amount of indemnification to be provided by Grantee.
PACIFIC SYMPHONY Page 4
7. GRANTEE INDEPENDENCE
In the performance of this Agreement, the Grantee, and the agents and employees of
Grantee, shall act in an independent capacity and are not officers, employees or agents
of the City. The manner and means of performing the Approved Uses are under the
control of Grantee, except to the extent they are limited by statute, rule or regulation and
the expressed terms of this Agreement. Nothing in this Agreement shall be deemed to
constitute approval for Grantee or any of Grantee's employees or agents, to be the agents
or employees of City. Grantee shall have the responsibility for and control over the means
of performing the Approved Uses, provided that Grantee is in compliance with the terms
of this Agreement. Anything in this Agreement that may appear to give City the right to
direct Grantee as to the details of the performance or to exercise a measure of control
over Grantee shall mean only that Grantee shall follow the desires of City with respect to
the results of the Approved Uses.
8. PROHIBITION AGAINST TRANSFERS
Grantee shall not assign, sublease, hypothecate or transfer this Agreement or any of
the services to be performed under this Agreement, directly or indirectly, by operation of
law or otherwise without prior written consent of City. Any attempt to do so without written
consent of City shall be null and void.
9. NOTICES
9.1. All notices, demands, requests or approvals to be given under this Agreement
shall be given in writing and conclusively shall be deemed served when delivered
personally or on the third business day after the deposit thereof in the United States mail,
postage prepaid, first class mail, addressed as hereinafter provided.
9.2. All notices, demands, requests or approvals from Grantee to City shall be
addressed to the City at:
Attn: Camille Escareal-Garcia, Cultural Arts Assistant
City of Newport Beach
100 Civic Center Drive
P.O. Box 1768
Newport Beach, CA 92658-8915
9.3. All notices, demands, requests or approvals from City to Grantee shall be
addressed to Grantee at:
Attn: Luisa Cariaga
PACIFIC SYMPHONY
17620 Fitch, Suite 100
Irvine, California 92614
PACIFIC SYMPHONY Page 5
10. TERMINATION
10.1. Termination for Cause. Grantee shall be in default if Grantee fails or refuses
to perform any duty required by the Agreement or performs in a manner inconsistent with
the terms, conditions and restrictions in this Agreement. In such event, City shall give
Grantee, thirty (30) days written notice to cure, if the default can be cured and City shall
be entitled to terminate this Agreement if Grantee has not cured the default within the
thirty (30) day cure period. City shall be entitled to immediately terminate this Agreement
if the default cannot be cured through corrective action. If terminated for cause, Grant
Funds shall be returned to the City pursuant to Section 5. This Agreement is made on an
annual basis, and as such is subject to non -renewal at its termination.
10.2. Termination without Cause. City may terminate this Agreement at any time
with or without cause upon seven (7) days written notice to Grantee, any remaining Grant
Funds in Grantee's possession at the time of termination shall be returned to City
pursuant to Section 5.
10.3. Specific Performance. Grantee agrees that the City has the legal right, and all
necessary conditions have been satisfied, to specifically enforce Grantee's obligations
pursuant to this Agreement.
11. STANDARD PROVISIONS
11.1. Recitals. City and Grantee acknowledge that the above Recitals are true and
correct and are hereby incorporated by reference into this Agreement.
11.2. Compliance With all Laws. Grantee shall at its own cost and expense comply
with all statutes, ordinances, regulations and requirements of all governmental entities,
including federal, state, county or municipal, whether now in force or hereinafter enacted.
11.3. Waiver. A waiver by either Party of any breach, of any term, covenant or
condition contained herein shall not be deemed to be a waiver of any subsequent breach
of the same or any other term, covenant or condition contained herein, whether of the
same or a different character.
11.4. Integrated Contract. This Agreement represents the full and complete
understanding of every kind or nature whatsoever between the parties hereto, and all
preliminary negotiations and agreements of whatsoever kind or nature are merged herein.
No verbal agreement or implied covenant shall be held to vary the provisions herein.
11.5. Conflicts or Inconsistencies. In the event there are any conflicts or
inconsistencies between this Agreement and the Grant Proposal or any other
attachments attached hereto, the terms of this Agreement shall govern.
11.6. Interpretation. The terms of this Agreement shall be construed in accordance
with the meaning of the language used and shall not be construed for or against either
party by reason of the authorship of the Agreement or any other rule of construction which
might otherwise apply.
PACIFIC SYMPHONY Page 6
11.7. Amendments. This Agreement may be modified or amended only by a written
document executed by both Grantee and City and approved as to form by the City
Attorney.
11.8. Severability. If any term or portion of this Agreement is held to be invalid, illegal,
or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions
of this Agreement shall continue in full force and effect.
11.9. Controlling Law And Venue. The laws of the State of California shall govern
this Agreement and all matters relating to it and any action brought relating to this
Agreement shall be adjudicated in a court of competent jurisdiction in the County of
Orange, State of California.
11.10. Equal Opportunity Employment. Grantee represents that it is an equal
opportunity employer and it shall not discriminate against any contractor, employee or
applicant for employment because of race, religion, color, national origin, handicap,
ancestry, sex or age or any other impermissible basis under law.
11.11. No Attorney's Fees. In the event of any dispute or legal action arising under
this Agreement, the prevailing party shall not be entitled to attorney's fees.
11.12. Counterparts. This Agreement may be executed in two (2) or more
counterparts, each of which shall be deemed an original and all of which together shall
constitute one and the same instrument.
[SIGNATURES ON NEXT PAGE]
PACIFIC SYMPHONY Page 7
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
on the dates written below.
APPROVED AS TO FORM:
CITY ATTORNEY'S OFFICE
Date: Y (kl2o'Zy
By: L --i �—a✓
Aaron C. Harp
City Attorney
ATTEST:
Date: ,
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City Clerk
Attachment
CITY OF NEWPORT BEACH,
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m nicipal corporation
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By:
Netherton
Library Services Director
GRANTEE: PACIFIC SYMPHONY, a
California prpo ation
Date:
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C ief xecutive Officer
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By:0 � , 6�j
Arthur Ong
Secretary
[END OF SIGNATURES]
Exhibit A — Grant Proposal
PACIFIC SYMPHONY Page 8
Exhibit A
GRANT PROPOSAL
PACIFIC SYMPHONY Page A-1
NEWPORT BEACH CITY ARTS COMMISSION
2022-2023 CULTURAL ARTS GRANT APPLICATION
(Applications must be typed or word -processed- you may reformat on the computer as long as it
appears the same: i.e. use Times New Roman 12 point and the same pagination.)
Pacific Symphony
Popular Name of Organization
Pacific Symphony Association 95-3635496
Legal Name (if different) Federal Tax ID No.
17620 Fitch, Suite 100
Mailing Address
Irvine, CA 92614-6081
City Zip
Luisa Cariaga, Director of Institutional Giving 714-876-2369
Contact Name Telephone
714-755-5789 LCaria2aAPacificSymphony.or2 www.PacificSymphony.or2
FAX E-mail Web Site
Orange County
Geographical Area Served
Have you received a City of Newport Beach Cultural Arts Grant before? Yes If so, when? 2021
Year organization was founded 1978 Number of paid staff 52 # of active volunteers 2,383
Total amount requested: (from request line of project budget) $ 5,000
Estimated number of people in Newport Beach the proposed project(s) will serve: 730
CULTURAL ARTS GRANT APPLICATION
1. Briefly describe below your organization's purpose, mission, and goals.
The mission of Pacific Symphony is to inspire, engage and serve Orange County through exceptional
music performances and education and community programming. The orchestra was founded in 1978 to
produce classical music concerts in Orange County. Despite concert cancellations due to the pandemic,
Pacific Symphony's organizational goals in 2022 remain the same, to: 1) Establish itself as a beacon of
artistic achievement and Orange County's artistic ambassador; 2) Attract, engage and serve a larger and
more diverse audience in the county and the surrounding region; 3) Engage its diverse community to
inspire curiosity, improve well-being and to connect with citizens through a deeper appreciation and
love of classical music; and 4) Develop an optimal mix of philanthropic, earned and capital resources to
ensure long-term capacity and achieve strategic goals.
Under normal operations, the orchestra presents more than 100 performances for the public, serving
275,000 residents and visitors. Its education and community engagement programs produce more than
3,000 distinct learning and participation opportunities each year. During the pandemic, programs have
continued both online and in-person to provide interactive music enrichment for K-12 students through
Class Act (the focus of this request), and to serve vulnerable populations and disadvantaged residents
through Santa Ana Strings and the Heartstrings initiative, as well as other specially -designed programs.
2. Identify and describe why there is a need in the Newport Beach Community for your proposed
project/program. Include a quantitative description of the need and on what you based your findings (i.e.
"Based on a study done by the PTA, there are one hundred children in the 4th -6th grades at Newport
Elementary who have had no training with musical instruments.") Describe how you have determined that
your organization is the best organization for the proposed project/program
Class Act offers an unparalleled opportunity for schoolchildren to learn from members of the Pacific
Symphony orchestra. Musicians serve as teaching artists, coaches and mentors, and as such, make students
feel extraordinarily special. Even through online and digital learning, Class Act motivates youth to set and
attain academic and artistic goals, helping them acquire key life skills in order to gain the many academic
benefits of studying the arts proven to advance student scholastic performance. For example, the 2017
study at USC's Brain and Creativity Institute demonstrates that exposure to music and music instruction
accelerates the brain development of children in the areas responsible for language development, sound,
reading skills and speech perception - elements critical for student STEM proficiency.
Two Newport Beach schools are participating again in 2022: Andersen and Newport Coast Elementary
Schools. Both are 13 -year program veterans and can attest to the multiple -year effectiveness of student
progress in the program. Specifically, a University of Florida study found that: 1) students who study the
arts for four years in high school score 98 points higher on SAT tests compared to those who studied six
months or less; and 2) music appreciation students scored 61 points higher in verbal and 42 points
higher in math on SAT tests. Class Act enhances arts learning for students in the district and has served
as an inspiration to expand music programs in Newport Beach schools. Local elementary schools rely on
Pacific Symphony to provide quality music education for their students. Class Act is the only arts
education program in Orange County which offers the expertise of Symphony -affiliated musicians.
2
3. Describe the specific project/program that will be funded by a cultural grant. Include how the
proposed project/program will be implemented and outline a schedule or project timeline, with planned
dates and locations. Identify individuals and groups involved, particularly artists and performers, and
describe their roles and responsibilities. Describe the background and qualifications of your
organization and key personnel to be involved in the program. Remember: the City funds only projects
and programs- not operating expenses. These projects and programs must promote community
involvement and awareness of the arts in Newport Beach.
Is this a new or existing X project/program?
Grant funds are requested for the Class Act Music Education Program in two Newport Beach schools.
For 27 years, Class Act has fulfilled the need for quality music education to enrich local schools and
advance academic achievement. In 2020, Class Act pivoted to online delivery which continues through
June 2022. By training and placing professional Pacific Symphony musicians into schools, students
receive the many benefits of music learning from teaching artists. Their year-long residencies are
focused on the fundamentals of music through age-appropriate Zoom and digital classroom instruction.
Class Act runs from September to June each year, with school and student participation starting this year
in January 2022. The Symphony designs a Common Core curriculum -based theme, workshop materials
and lesson plans for all schools, and selects a composer and theme. For 2022, the composer of the year is
Igor Stravinsky and the theme is "Music and Dance;" additional composers will also be featured
including Florence Price, the first Black female composer included in the program. Materials are
delivered to classroom teachers during online training workshops where they learn to integrate music
into all areas of learning. Digital and online student activities and workshops run from February to June,
with web -based Youth Concerts presented in April. Assessments and evaluation are conducted during
and after all activities. Staff gauges program effectiveness throughout the year to monitor that student
outcomes and goals are met.
Class Act engages the entire student body at both Andersen and Newport Coast Elementary Schools, as
well as teachers, principals, parent coordinators, administrators and volunteers. There are seven Pacific
Symphony musicians who serve sixteen schools in the 2022 Class Act program, with schools assigned a
new professional musician each year. The program is led by Vice President of Education and
Community Engagement Susan Kotses, who has fourteen years of experience with the Symphony and in
the education community. Class Act utilizes a staff of seven, led for six years by Director of Education
Jonathan Terry, with all staff members managing, coordinating and overseeing program components and
activities. Since its beginning, Class Act has served more than 325,000 students, teachers and principals
in Orange County over a 27 -year history.
4. Define or describe the segment of the population in Newport Beach that you intend to serve by your
project/program. Include such things as age, location, numbers served, etc.
In 2022, Class Act will serve 695 children in two Newport Beach elementary schools: Andersen with
206 students and Newport Coast with 489 students; together with 33 teachers and 2 principals (730
total). Each school serves Kindergarten to 6th grade students, ages 5-11. Both schools have partnered
with Class Act for thirteen years and have gratefully benefited from 2021 funding from the Newport
Beach City Arts Commission.
5. Complete the project budget form. Address only the budget for the specific project, not your annual
operating budget. For multi -project proposals, please duplicate and fill out a budget for each project.
Please annotate the budget at the bottom if there are details (such as a breakdown of personnel or a
marketing budget) critical to the proposal.
PROJECT BUDGET Funding from the Funding from
EXPENSES -Personnel City of Newport Beach Other Sources
Artistic 1,700 25,000
Administrative 600 9,215
Technical Production 1,000 2,000
EXPENSES -Operating
Facility Exp./Space Rental
Marketing
Production/Exhibition
Expense
Touring/Presentation Expense
Educational Materials
1,700
4,399
Transportation
Equipment
Other (if greater than 10%,
annotate below
GRAND TOTAL
$5,000
$40,614
6. Describe the expected quantifiable outcomes of your project/program and how you will evaluate the
results. Be very specific in addressing the ways that you will determine that your project/program
met the needs that you identified and accomplishes the goals you set out to achieve (i.e. you provide
50 hours of musical instruction and instruments to the 100 children at Newport Elementary school as
measured by music store rental receipts and logs of instructors.)
The overall desired outcome is for K-6 children in each elementary school to improve their academic
achievement through the Class Act music education program. The overarching outcome for educators is
to improve their music aptitude in order to teach the arts more effectively, and augment student learning
in music. The quantifiable outcomes for 695 Newport Beach students and 33 teachers in 2022 are:
a. A total of 75% or 521 students out of the estimated 695 will demonstrate increased knowledge
about the Class Act composer of the year (and additional composers) and their music. Outcomes
are measured through pre- and post -program testing, questionnaires and teacher surveys.
b. A total of 452 students out of 695 will express their desire to further engage in music and the
arts, representing 65% of all Class Act students. Results are quantified through pre- and post -
program surveys, along with parent and teacher comments and feedback.
c. A total of 80% or 27 of the 33 Class Act teachers will increase their capacity to teach the arts
more effectively and better support the Common Core in their classroom. The results are
measured from teacher and principal surveys, individual interviews, one-on-one follow-up and
Zoom meetings with teachers.
4
7. Attachments Requested
Please do not send material in excess of what is requested; it will not be seen by the City Arts Commission.
• A list of Board Members and their affiliations
• A recent list of individuals, corporations and foundations that provide organizational support- not
to exceed one page.
• If you are a 501(c) (3) organization attach a copy of your IRS determination letter (or your fiscal
agent's) indicating tax exempt status.
• One brochure and/or one press clipping. Do not send photos, videos, CDs or any other extraneous
material. It will not be presented to the City Arts Commission.
8. Please complete this operating budget form for 2021/2022 and 2022/2023. This is not the
project/program budget for which you are applying, but your overall organizational budget.
You may annotate at the bottom if there are details critical to the proposal.
OPERATING BUDGET
2021/2022 Budget (current) 2022/2023 BudLyet (Droiected)
I.Income cash only)
Contributed 13,153,259 13,453,656
Earned 9,304,712 9,014,298
Total Income 22,457,971 22,467,954
II.Ex eases
84,617
92,744
Program
14,479,960
14,480,875
General and Administrative
2,528,685
2,528,685
Marketing and Development
5,364,709
5,365,650
Total Expenses
22,373,354
22,375,210
III.Operating Surplus/Deficit
Income minus Expenses)
84,617
92,744
IV.Fund Balance at Beginning
(2,083,624)
(1,999,007)
of Year
V.Accumulated Surplus
(1.999,007)
(1,906,263)
(Deficit)
Add lines III and IV
VI.In-Kind Contributions
0
0
(attach schedule if greater than
10% of total income
Notes: Pacific Symphony experienced its first deficit in FY21 due to the pandemic after 29 years of
balanced budgets. This deficit is noted under IV. Fund Balance. With concert cancellations continuing in
2020/2021, ticket sales and earned income are fluctuating, contributed income must fill the gap to
balance the operating budget. Projections for 2022/2023 are estimated to remain the same as the
uncertainty of live performances and in-person community and education programs continues.
9. I verify that the information submitted in this application is true and correct to the best of my
knowledge.
Name Luisa Cariaga Title Director of Institutional Giving_
Signature,&V," &!" Date February 8, 2022
0