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America's River Festival Funding 2007THE CTTY OF DUB E Masterpiece on the Mississippi MEMORANDUM October 3, 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: America's River Festival The 2007 America's River Festival experienced a $66,288 loss on $455,852 in expenses. The seven partners are being approached about covering that loss, so that plans can begin on a 2008 America's River Festival. This is an event that draws tens of thousands of people to the Port of Dubuque, offering headline acts like the Doobie Brothers and Randy Travis, and major attractions like the dock dogs, Stihl Timber Sports and local food vendors. The Chamber of Commerce has agreed to contribute $9,000, Dubuque Initiatives $9,000, the Dubuque Racing Association $9,000 and the Dubuque County Historical Society $4,500. I respectfully request Mayor and City Council approval of a contribution of $12,500. The Dubuque Racing Association, Dubuque Initiatives and the Dubuque Area Chamber of Commerce will be approached about splitting the remaining deficit. Budget Director Jennifer Larson advises that sufficient funds are available from Fiscal Year 2007 budget savings. Michael C. Van Milligen C~1~~ MCVM/jh J Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Jennifer Larson, Budget Director Arner)ca's River Festiva! 2007 Budget to Actual.. Ass of August 20, 2047 INCOME: BUDGET ACTUAL VARIANCE Presenting Eagle Window & Door 60,000 60,000 0 Title American Trust 15,000 15,000 0 Anderson/Weber 8,000 7,000 (1,000) Diamond Jo 15,000 15,000 0 DRA 15,000 15,000 0 TH 15,000 15,000 0 Epic. Con. 10,000 10,000 0 Mediacom 5,000 5,000 0 McGraw Hill 15,000 0 (15,000) Contributing Coke 3,000 4,000 1,000 Aquila 3,000 2,500 (500) Weitz 5,000 0 (5,000) Partners City of Dubuque 10,000 10,000 0 Chamber 10,000 10,000 0 Total Sponsorship 189,000 168,500 (20,500) In Kind Roeders 3,000 3,000 0 Grand Harbor Resort 7,500 7,500 0 Epic Con 5,000 5,000 0 American Lady 3,000 3,000 0 HY-VEE 3,000 3,000 0 Alliant Energy 5,000 5,000 0 Kirchhoff Distributing 4,000 4,000 0 Biechler Electric 5,000 5,000 0 Mediacom 10,000 10,000 0 Anderson/Weber 7,000 8,000 (1,000) Total In Kind 52,500 53,500 (1,000) Other Revenue Beer Sales 25,000 25,430 (430) Pop, Water Sales 9,000 15,390 (6,390) Parking 4,000 5,074 (1,074) Food Vendor Sales 42,000 49,291 (7,291) Concert ticket sales 102,000 83,359 18,641 Misc.lncome 0 4,892 (4,892) Total Other Revenue 182,000 183,436 (1,436) Total Revenue 423,500 405,436 (23,936) EXPENSES Event Expenses: Tents, tables, chairs 10,000 11,750 (1,750) Bleachers 15,000 15,000 0 Toilets, signs, etc. Equipment rental (forklift, skid loader) Trolleys Permits Water, electricity Fencing Rain Insurance Dubuque Police & EMT Food Vendors Pop, water, ice Sponsor fulfillment Event staff fees Casual labor Stihl, Dock Dogs, NASCAR Misc. Marketing Total Event Expenses Entertainment Expenses: Bands Friday Saturday Sunday Production Big tent sound Main Stage sound & lights Misc. lodging, foods Total Entertainment Expenses Total Expenses Net Income/Loss 5,500 6,375 (875) 8,000 12,166 (4,166) 2,500 2,000 500 500 300 200 14,000 10,356 3,644 3,000 2,150 850 6,000 6,610 (610) 6,000 1,825 4,175 35,000 42,114 (7,114) 5, 000 10,165 (5,165) 12,000 17,019 (5,019) 39,000 44,250 (5,250) 11,000 12,063 (1,063) 27,000 30,500 (3,500) 10,000 12,116 (2,116) 40,000 50,749 (10,749) 249,500 287,507 (38,007) 55,000 55,000 0 70,000 75,000 (5,000) 2,000 2,120 (120) 1,500 1,250 250 25,000 25,000 0 10,500 9,975 525 164,000 168,345 (4,345) 413,500 455,852 (42,352) 10,000 (50,416) (66,288) Event Expenses: Tents, tables, chairs Bleachers Toilets, signs, etc. Equipment rental (forklift, skid loader) Trolleys Permits Water, electricity Fencing Rain Insurance Dubuque Police & EMT Food Vendors Pop, water, ice Sponsor fulfillment Event staff fees Casual labor Stihl, Dock Dogs, NASCAR Misc. Marketing Entertainment Expenses: Bands Friday Saturday Sunday Production BUDGET ACTUAL $10,000 ($11,750) $15,000 $15,000 $5,500 ($6,375.06) $8,000 ($12,165.73) $2, 500 $2, 000 $500 $300 $14,000 $10,355.72 $3,000 $2,150.00 $6,000 ($6,610) $6,000 $1,825 $35,000 ($42,113.55) $5, 000 -10,165.16 $12,000 ($17,019.09) $39,000 ($44,250.00) $11,000 ($12,063.10) $27,000 ($30,500) $10,000 ($12,115.57) $40,000 ($50,749.08) $250,500 $55,000 $55,000 $70,000 ($75,000) $2,000 ($2,120.11) $127,000 Big tent sound $1,500 Main Stage sound & lights $25,000 Misc. lodging, foods $10,500 ($287,507) ($132,120.11) $1,250.00 $25, 000.00 $9, 974.57 TOTAL EXPENSES $414,500 ($455,851.74)