SURVEY: Forest Theatre

 
Survey By Neill Engineers, Consulting Engineers, Carmel-by-the-Sea
Date: Friday, 8 September 2006 

CITY OF CARMEL-BY-THE-SEA
STAFF REPORT
TO: MAYOR McCLOUD AND COUNCIL MEMBERS
FROM: RICH GUILLEN, CITY ADMINISTRATOR
DATE: SEPTEMBER 12, 2006
SUBJECT: FY 2005-06 FINANCIAL REPORT THROUGH 4th QUARTER

City Administrator Goals & Objectives

Establish Forest Theater Enterprise Unit and Work with Foundation to establish Phases for Implementation of Master Plan - A draft business plan (the precursor to developing the Enterprise Unit) has been prepared by the Community Services Director and consulting CPA, Paul Wood. The plan is currently under review by the City Administrator. The City Engineer at the request of the Foundation is preparing a site survey so that design work for the Theater upgrades can be made.


CITY OF CARMEL-BY-THE-SEA
CALIFORNIA
ADOPTED BUDGET
FISCAL YEARS
2006/07 THROUGH 2008/09

Selected Highlights Regarding the Forest Theatre, as follows:

1. City Administrator’s Budget Message

Expenditure Projections

• An Enterprise Fund is being created for the Forest Theater so that revenues/expenses (Fiscal Year 2005/2006 profit was $18,000 to the General Fund) can be managed separately from the General Fund, as was the practice in the past.

4. Annual Work Plan

City Administrator's Goals

5. Establish Forest Theater Enterprise Fund and work with Forest Theater Foundation to establish phases for implementation of Master Plan

Community Services
Forest Theater Renovation Plans 4/26/04 ongoing $ 400,000 Forest Theater Foundation fundraising for renovation plan costs. Should be no cost to City.


CAPITAL IMPROVEMENTS PROGRAM
Capital Improvements (2005/06)

$ 18,000 Forest Theater Fire Sprinklers

Note: City's only expenditure for the Forest Theatre in the Triennial Budget, FY 2006-2009.

ENTERPRISE FUND
The City's Enterprise Fund is a new fund started with fiscal year 2006-07. The fund was established to account for the operations of the Forest Theater separately from the General Fund. Revenues in excess of operational expenses will be maintained in a reserve fund to pay for capital improvements for the Forest Theater.

REVENUES (Revised) and EXPENDITURES (Revised), FY 2006/07: $33,040