Ward? Don't you think you were a little bit hard on the Beaver?
Just beyond the edge of Eureky
List O' the Week, 11/8/13
This is what Iíve collected on requests for the List Oí the Week:
3 previous years and the (posted) YTD
The contract between the CAPC and whomever is promoting and producing the B.B. King concert
Detail on financial support to the Downtown Network
My request: Trial Balance as of 10/31/11, 10/31/12, 10/31/13
My request: List of recipients of funding for 2013 and the amounts awarded
My general questions: How are festival income & expense and past due taxes accounted for? What was the new thing that caused a 200-300% cost over budget in the Group Courtship category?
Iím not ignoring the requests for pro forma and Folk Festival detail and I wonít forget. As I mentioned on another thread, I think it would be better to look at Folk Festival at the end of November, i.e. when all the bills have probably come in, and pro forma after the end of the fiscal year. As I understand the system, the budget has to be voted on by February 1, so I would expect pro forma to appear in January.
My general questions: How are festival income & expense and past due taxes accounted for? Festival income and expense is accounted for by line item (e.g. "May Fest"). Past due taxes are recorded in the month they are received, not the month they were originally due. This is because auditors do not allow entries to be made in prior periods once the books are closed for the month.
What was the new thing that caused a 200-300% cost over budget in the Group Courtship category? The budget overages are on line items, not the overall budget. Group travel is budgeted as $60,000 per year and line items may vary within the category.
OK. That's it. I'm going home !
Last edited by Kim Yonkee; 11-13-2013 at 09:34 AM.
Reason: correcting broken links
Pretty sure the guidelines say the CAPC only funds an event for a max of 3 years, after which it's assumed the event should be able to fund itself without underwriting. I remember Jim Williams griping about Feat Fest & this was one clause then invoked.
I know the CAPC took out a big loan to fund future ads. Looked to see if I could trace it. Depending on when the loan is due, the red line is probably greater. The expenses for two years of video production exceed 125K. WOW!