As you are already aware, each year requests for in-kind support from not-for-profit organizations of recognized annual large scale special events are submitted during the city’s budget cycle in order to some extent plan for upcoming fiscal years general fund budget. In the case of the coming fiscal year, an appropriation in the amount of $75,000 was established in order to support the events with an in-kind contribution;
For your reference below, I have indicated next to the event name the amount of funding that the organization is requesting to support their event. As you can see, the amount being requested by the event organizers exceeds the amount of funding that was budgeted to support the special events. Attached please find the applications for in-kind support which you may find helpful in evaluating the impact of these special events to the community, economic benefit to the business community and also the charitable benefit to city residents. Also attached is a matrix which identifies the amount of in-kind support dedicated to the events over the last two fiscal years.
Request Recommendation
1. Chasco Fiesta - $38,000 $60,000 - $75,000 $38,000
2 Cotee River Bike Fest - $15,000 $18,000 $15,000
3. Holiday Street Parade - $12,000 $13,000 $12,000
4. Fourth of July Fireworks - $10,000 $10,000 $10,000