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The revenue and expense amounts are indicated in the following table. <br />Session <br />Fees Rvcd. <br />City Revenue <br />Instructor Fees <br />E xpe <br />Expensed <br />Instructor Fees <br />Total YTD <br />Share (30%) <br />Projected <br />Expense <br />October 2024 <br />$8,700 <br />$2,610.0 <br />$6,090 <br />- <br />$6,090 <br />November 2024 <br />$6,300 <br />$1,890.0 <br />$4,410 <br />- <br />$10,500 <br />December 2024 <br />$6,900 <br />$2,070.0 <br />$4,830 <br />- <br />$15,330 <br />January 2025 <br />$8,100 <br />$2,430.0 <br />$5,670 <br />- <br />$21,000 <br />February 2025 <br />$10,200 <br />$3,060.0 <br />$7,140 <br />- <br />$28,140 <br />March 2025 <br />$10,800 <br />$3,240.0 <br />$7,560 <br />- <br />$35,700 <br />April2025 <br />^'$10,500 <br />$3,150.0 <br />- <br />"'$7,350 <br />^'$43,050 <br />May 2025 <br />^'$10,500 <br />$3,150.0 <br />- <br />^'$7,350 <br />"'$50,400 <br />Estimated Totals: $72,000 ^'$21,600 "'$50,400 <br />The total additional funding requested is in the amount of $5,000 to cover any additional revenue <br />sharing that is received during this fiscal year. <br />ADDITIONAL INFORMATION: <br />All other contract terms and conditions will remain the same. As per the City's Procurement Code <br />Chapter 62, instructors are exempt from the formal bidding process. This item is presented to receive <br />authority to spend over $50,000.00 as is required by the Procurement Code Chapter 62 to complete this <br />current programming season. <br />Original plans were to continue the theater program with Dreamkids World, LLC through the summer <br />and beyond which would incur additional revenues for both the city and the instructor. Based on their <br />desire to continue the program as it currently exists, city staff is seeking alternative instructor options to <br />meet the standards set by the City Commission. <br />FUNDING SOURCE: <br />Funding is sourced through participant registration fees at a 70/30 revenue sharing agreement. Funding <br />is allocated in the FY 2024-2025 budget from 001-6-5720-431000-60810 (Contracted svcs-prof svc- <br />comm ctr program). <br />ATTACHMENTS: <br />Item Number: 9.K <br />255 <br />