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HomeMy WebLinkAboutAgenda_ARTAB_02.16.2021Notice of Meeting for the Arts and C ulture Adv isory B oard of the City of Georgetown F ebruary 16, 2021 at 4:30 P M at Virtual T he C ity o f G eorgetown is c o mmitted to c ompliance with the Americans with Dis ab ilities Ac t (ADA). If yo u req uire as s is tanc e in participating at a p ublic meeting d ue to a disability, as d efined und er the ADA, reasonable as s is tance, ad ap tatio ns , or acc o mmo d ations will b e provid ed up o n req uest. P leas e contac t the C ity S ecretary's O ffic e, at leas t three (3) d ays p rio r to the s cheduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin Luther King Jr. S treet, G eo rgeto wn, T X 78626 for ad d itional info rmation; T T Y us ers route thro ugh R elay Texas at 711. The F e br uar y 16, 2021 r egular l y sc he dule d A rts & C ulture A dvi sor y B oar d mee ting has bee n c anc elle d due to weather and powe r outages. Regular Session (T his R egular S es s ion may, at any time, be rec es s ed to c o nvene an Exec utive S es s ion for any purp o s e authorized b y the O pen Meetings Ac t, Texas G o vernment C ode 551.) A Disc ussio n o n how this virtual conferenc e will b e c o nducted , to inc lude optio ns fo r pub lic comments and ho w the p ublic may address the C ommis s io n. -Amand a S till, Arts and C ulture C o o rd inato r B C itizens wis hing to ad d res s the b o ard . -Jane Es tes , Board C hair. As o f the deadline Eric P. Lashley s igned up to ad d res s the b o ard . C Announc ements regarding arts and culture. -Jane Estes , Board C hair D C ons id eratio n and p o s s ib le ac tion to app ro ve minutes fro m the January 19, 2021 Arts and C ulture Board meeting. -Jane Es tes , Board C hair E R ec o gnitio n o f Jane Estes and S haro n S nuffer fo r their s ervic e on the Arts and C ulture Advis o ry Board - Amand a S till, Arts and C ulture C o o rd inator; F C ons id eratio n and p o s s ib le ac tion to app ro ve the artwork for the mural at G eorgetown Title as part of the "P erc ent fo r P ub lic Art Ad jacent to C apital Imp ro vements P ro jects " - Amanda S till, Arts and C ulture C oordinato r G C ons id eratio n and p o s s ib le approval of draft artwork for the G eo rgetown Art C enter mural – Amanda S till, Arts and C ulture C o o rd inato r H P resentation of Arts and C ulture C oordinato r report - Amand a S till, Arts and C ulture C o o rd inato r I C ons id eratio n and p o s s ib le ac tion regarding future meeting d ates and times . - Jane Estes , Board C hair Adjournment Ce rtificate of Posting I, R obyn Dens mo re, C ity S ec retary for the C ity of G eorgetown, Texas, do hereb y certify that this Notice of Meeting was p o s ted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgeto wn, T X 78626, a p lace readily Page 1 of 30 acc es s ib le to the general p ublic as req uired by law, on the _____ day of _________________, 2021, at __________, and remained so p o s ted fo r at leas t 72 c o ntinuo us hours prec eding the sc heduled time of s aid meeting. __________________________________ R o b yn Dens more, C ity S ecretary Page 2 of 30 City of Georgetown, Texas Arts and Culture Advisory Board February 16, 2021 S UB J E C T: C o nsideration and pos s ible actio n to ap p rove minutes from the January 19, 2021 Arts and C ulture Board meeting. -Jane Es tes , Bo ard C hair IT E M S UMMARY: F IN AN C IAL IMPAC T: No ne. S UB MIT T E D B Y: S haron P arker AT TAC H ME N T S: D escription Type Minutes Backup Material Page 3 of 30 Page 4 of 30 Page 5 of 30 Page 6 of 30 Page 7 of 30 Page 8 of 30 Page 9 of 30 Page 10 of 30 Page 11 of 30 City of Georgetown, Texas Arts and Culture Advisory Board February 16, 2021 S UB J E C T: P res entation o f Arts and C ulture C o o rd inator rep o rt - Amanda S till, Arts and C ulture C oordinator IT E M S UMMARY: F IN AN C IAL IMPAC T: . S UB MIT T E D B Y: S haron P arker AT TAC H ME N T S: D escription Type Arts and Culture Coordinator Report Pres entation Financial Report Backup Material Page 12 of 30 Georgetown Arts and Culture Coordinator Report February 16, 2021 Page 13 of 30 Economic Development Arts & Culture at City Hall •Arts & Culture Coordinator: Kim Mcauliffe, Downtown Development Manager •Convention & Visitors Bureau under Eco Devo Opportunities •Founders Park •City Center •Arts Alley and Sculpture Donations from Arts Businesses •Dedicated Arts & Multi-Cultural Festivals Page 14 of 30 Public Art Program •City Hall Gallery •April –June •Possibly City Staff •July –September •Need Artist •October –December •David Valdez for Veteran Exhibit •January –March 2022 •Ellen Greeney Page 15 of 30 Public Art Program •Projects in Progress •Animal Shelter Mural •Installation in March •% for Art in Capital Projects •Georgetown Title Mural – installation in April •Art Center Mural •Artist Collaboration/Painting Day with Art From the Streets •Installation in April/May Celebration in July Page 16 of 30 New Arts & Culture Board Members Outgoing Board Members •Jane Estes •Sharon Snuffer New Board Members •David Valdez, Photographer •Karen Turpin, Georgetown Palace Theatre Board Page 17 of 30 Georgetown Art Works Update Annual Report •Net gain of 3.5% in Revenue •Strongest Asset Position to Date •GAW has procured Bookkeeping/Accounting Services Strategic Planning •Great first Retreat •Initial Vision & Major Goals Established Page 18 of 30 Future Meeting Timeline March •Welcome New Board Members •Elect New Chair and Vice Chair •Approve Art Center Mural Design April •Planning Ahead: Grants & Sculpture Tour Page 19 of 30 Financial Report of the Georgetown Art Works to the Arts and Culture Board of the City of Georgetown, Texas for the Year Ending Dec. 31, 2020 Page 20 of 30 Treasurer's Report on Preliminary Financial Statements f or Georgetown Art W orks f or Year Ending Dec. 31, 2020 The preliminary financial statements for the Georgetown Art W orks for 2020 are unaudited draft results which may undergo material revision prior to release of final results for the year. The following comments are contingent on the current results. Footnotes to the financial statements identify the major components of selected items in the statements. Financial Activity Despite the many challenges of 2020—including the closure or limited hours of operation of the Georgetown Art Center from mid-March through August due to the impact of COVID-19—the Art W orks experienced a gain in revenues of 3.5 percent. The Art Center is operated by the Georgetown Art W orks under an agreement with the City of Georgetown. This revenue increase reflected the combined impact of a fundraising campaign early in the year (before the pandemic cut the campaign short), much-welcomed emergency and other grants from the City of Georgetown and other funding sources, and full-occupancy income from rentals of studio space to local artists. Together, these sources more than offset a sharp drop in donations to the Art W orks and in sales of art on behalf of area artists. At the same tim e, expenditures fell by about 15 percent, largely due to the layoff and reduced hours of the Art Center's sole paid staff person during the closure/restriction of the Art Center. Financial Position W hile the Art W orks ended 2020 in the strongest asset position of its existence, including $52,254 in its bank accounts—that result was accompanied by the impact of emergency loans on the liability side of the balance sheet. In aggregate, the Art W orks took on short- and long-term debt totaling $23,500 in 2020. On the plus side, with prudent management the infusion of cash put the Art W orks in position to weather a much more severe and extended impact of the pandemic. Positive too are the highly favorable interest rate and payment terms of the largest loan, the $21,500 borrowed under the SBA's EIDL program. On the less positive side, the size of the new liability m ay impair the Art W orks' ability to obtain future emergency loans over the 30-year term of the loan. Accounting Operations As part of its ongoing program to strengthen its financial recordkeeping, the Art W orks has hired Silva Business Services of Georgetown, Texas to provide bookkeeping for the organization. It has also engaged the accounting firm Reynolds & Franke, PC, of Austin, Texas to prepare its tax returns and to provide accounting advice. Feb 4, 2021 Page 21 of 30 Georgetown Art Works Preliminary Statement of Activity January - December 2020 Prepared by Cam Huff, Treasurer February 4, 2021 Total Revenue Cordovan Art Class Income 2,500 Direct Public Support Contributions Contributions - Individual 2,348 Contributions - Corporate and Business 2,100 1 Total Contributions 4,448$ Grants Grants - City of Georgetown 3,935 Other Grants 10,741 2 Total Grants 14,676$ Total Direct Public Support 21,624$ Program Income Membership Dues 5,830 Program Service Fees Exhibit Proposal Entry Fees 1,239 Art Competition Entry Fee 6,945 Total Program Service Fees 8,184$ Gallery and Gift Shop Sales Exhibit Art Consignment Sales 5,423 Gift Shop Art Consignment Sales 3,553 Other Gift Shop Sales 199 Total Gallery and Gift Shop Sales 9,175$ Fundraising Event Income 4,397 Program Rental Income Artist Studio Space 7,525 Meeting Space for Arts-Related Groups 8 Total Program Rental Income 7,532$ Total Program Income 35,117 Other Income 263 Total Revenue 57,004$ Cost of Goods Sold Consignment Payments to Artists (5,199) Other Merchandise (Post Cards)(97) Total Cost of Goods Sold (5,296)$ Net Income 51,708$ Page 1 of 3Page 22 of 30 Expenditures Personnel Wages 8,145 Taxes 3,974 Fees 1,307 Total Personnel 13,426$ 3 Administrative Expenses Bank and Credit Card Service Charges Bank Service Charges 51 Credit Card Service Charges 948 Total Bank and Card Service Charges 999$ Insurance - Liability, D&O, Small Art Gallery 1,606 Accounting and Bookkeeping Fees 1,170 Outside Contract Services 1,840 4 Total Administrative Expenses 5,615$ Events and Exhibits Advertising and Marketing 100 Food and Drink Events 531 Prizes 4,607 Printing and Copying 1,590 Honoraria and Expense Reimbursement 650 Supplies 38 Total Events and Exhibits 7,516$ Fundraising Food and Drink 100 Entertainment 500 Total Fundraising 600$ Facilities and Equipment Rent, Parking, Utilities 5,822 5 Total Facilities and Equipment 5,822$ Marketing Brand 218 Marketing and Promotion 100 Total Marketing 318$ Program Supplies 142 Total Program 142$ Operations Office Supplies 133 Software Licenses, Subscriptions, Website Costs 3,788 Other Supplies 71 Total Operations 3,992$ Other Expenses 270 Total Expenditures 37,700$ Net Income minus Expenses 14,007$ Page 2 of 3Page 23 of 30 1.All but $100 was donated by a single individual under a corporate matching program. 2.Other grants include: - $3,000 grant from the Texas Commission on the Arts. - $2,100 grant from the Texas Commission on the Arts. - $1,361 grant from the Texas Commission on the Arts. - $2,900 grant from the federal Payroll Protection Program - $1,380 grant from Williamson County Forward Small Business program. 3.Due to COVID-19 regulations and concerns, the Art Center operated by Georgetown Art Works was closed or operating under limited hours from March through August. 4.Of the total, $1,600 was paid to Road Warriors Creative for the costs of installing the on-line store. This consulting cost was 85% funded by the Williamson County Forward Small Business Grant of $1,380. 5.Utility payments for the building occupied by the Art Works at 816 S. Main Street. Feb 4, 2021 Page 3 of 3Page 24 of 30 Georgetown Art Works Preliminary Statement of Financial Position As of December 31, 2020 Prepared by Cam Huff, Treasurer February 4, 2021 Total ASSETS Current Assets Bank Accounts Cash Drawer 206 Chase Checking 9770 46,432 FTB Georgetown Art Works 5,532 PayPal 290 Total Bank Accounts 52,254$ Total Current Assets 52,254$ Fixed Assets Accumulated Depreciation (7,686) Art Easels 1,530 Furniture and Equipment 6,800 Software 856 Window Treatments 1,534 Total Fixed Assets 3,034$ Other Assets Due from Cordovan 2,249$ 1 Total Other Assets 2,249$ TOTAL ASSETS 57,538$ LIABILITIES AND EQUITY Liabilities Current Liabilities Notes Payable Payroll Protection Plan Loan 1,000 EIDL Advance 1,000 Total Notes Payable 2,000$ Other Current Liabilities Payable to Consignment Artists 805 Sales Tax Payable 416 Total Other Current Liabilities 1,221$ Total Current Liabilities 3,221$ Long-Term Debt EIDL Loan 21,500 Total Long Term Debt 21,500$ Total Liabilities 26,721$ Equity Temporarily Restricted Net Assets 5,100 2 Unrestricted Net Assets 11,709 Page 25 of 30 Net Revenue 14,007 Total Equity 30,817$ TOTAL LIABILITIES AND EQUITY 57,538$ 1.50% of account balance of $4,498.49 after profit share through 12/31/2020. 2.Texas Commission of the Arts grants of $3,000 received on 11/10/2020 and of $2,100 received on 11/18/2020. Feb 4, 2021 Page 26 of 30 Total Revenue Cordovan Art Class Income 5,091.20 Classes & Camps 0.00 Enrollment Class Management Sof 0.00 Instructor Fees - Cordovan 0.00 Management Fee - Cordovan 0.00 Marketing 0.00 Supplies- Cordovan 0.00 Web Design 0.00 Total Cordovan Art Class Income $ 5,091.20 Direct Public Support Corporate Contributions 2,860.00 Grants 6,000.00 Arts & Culture Board 3,000.00 Total Grants $ 9,000.00 Individual Contributions 5,843.99 Total Direct Public Support $ 17,703.99 Other income 2,000.00 Other Types of Income Gift Shop Sales 19,399.38 Total Other Types of Income $ 19,399.38 Program Income Gallery Artwork Sales 493.00 Membership Dues 4,097.66 Program Service Fees Art Hop 818.68 Call for Art 7,083.62 Nosotros 2,145.00 Total Call for Art $ 9,228.62 Total Program Service Fees $ 10,047.30 Total Program Income $ 14,637.96 Rental Income - Downstairs 299.00 Rental Income- Upstairs 2,397.03 Total Revenue $ 61,528.56 Cost of Goods Sold Consignment Payouts 11,146.34 Cost of Goods Sold 850.63 Total Cost of Goods Sold $ 11,996.97 Gross Profit $ 49,531.59 Expenditures Administrative Expenses Bank Service Charges 58.18 Georgetown Art Works Statement of Activity January - December 2019 Page 27 of 30 Insurance - Liability, D and O 1,446.02 Transaction Fees 1,216.69 Travel and Meetings 7.44 Total Administrative Expenses $ 2,728.33 Events Exhibit Reception 1,654.57 Exhibit Reception-Nosotros 1,613.00 Exhibit Winners - Nosotros 1,524.00 Total Events $ 4,791.57 Facilities and Equipment Equip Rental and Maintenance 96.60 Rent, Parking, Utilities 6,563.71 Total Facilities and Equipment $ 6,660.31 Marketing 551.76 Brand 100.00 Donations 30.00 Events 120.00 Fundraising 122.50 Membership 336.00 Printing 539.75 Website 44.11 Total Marketing $ 1,844.12 Operations Books, Subscriptions, Reference 836.33 Postage, Mailing Service 74.25 Printing and Copying 2,503.08 Software Licenses and Subscriptions 1,344.96 Supplies 66.12 Office/Gift Shop 1,204.35 Total Supplies $ 1,270.47 Total Operations $ 6,029.09 Other expenses 350.00 PayPal Fees 286.06 Payroll Expenses Payroll Fees 1,176.81 Payroll Taxes 328.76 Wages 17,640.89 Total Payroll Expenses $ 19,146.46 Program Expenses Art Education Programs Art Education Model Fee 120.00 Total Art Education $ 120.00 Total Art Education Programs $ 120.00 Exhibits 1,100.00 Exhibit Expenses 400.00 Exhibit Prizes 150.00 Page 28 of 30 Small Works Exhibit Winners 84.00 Total Exhibits $ 1,734.00 Total Program Expenses $ 1,854.00 Volunteers 406.00 Total Expenditures $ 44,095.94 Net Operating Revenue $ 5,435.65 Net Revenue $ 5,435.65 Wednesday, Sep 23, 2020 07:41:17 PM GMT-7 - Accrual Basis Page 29 of 30 Total ASSETS Current Assets Bank Accounts Cash Drawer 206.40 Chase Checking 9770 9,769.33 FTB Georgetown Art Works 5,523.26 PayPal 972.39 Total Bank Accounts $ 16,471.38 Total Current Assets $ 16,471.38 Fixed Assets Accumulated Depreciation -7,686.00 Art Easels 1,529.82 Furniture and Equipment 6,800.22 Software 856.02 Window Treatments 1,534.25 Total Fixed Assets $ 3,034.31 Other Assets Due from Cordovan 80.19 Total Other Assets $ 80.19 TOTAL ASSETS $ 19,585.88 LIABILITIES AND EQUITY Liabilities Current Liabilities Other Current Liabilities Payable to Consignment Artists 1,204.00 Sales Tax Payable 898.41 Total Other Current Liabilities $ 2,102.41 Total Current Liabilities $ 2,102.41 Total Liabilities $ 2,102.41 Equity Unrestricted Net Assets 12,047.82 Net Revenue 5,435.65 Total Equity $ 17,483.47 TOTAL LIABILITIES AND EQUITY $ 19,585.88 Georgetown Art Works Statement of Financial Position As of December 31, 2019 Wednesday, Sep 23, 2020 08:01:31 PM GMT-7 - Accrual Basis Page 30 of 30