SUNSET CULTURAL CENTER, INC. SUMMARY OF OPERATIONS FOR FIRST, SECOND & THIRD QUARTERS FY 2012/2013 & FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REPORT FOR THE FISCAL YEARS 2006/2007, 2009/2010, 2010/2011, 2011/2012

ABSTRACT:  In the context of the City Council of the City of Carmel-by-the-Sea considering Agenda Item A. Provide direction on entering into an agreement for the management of the Sunset Center and deciding “By consensus, Council directed the City Administrator to work with Sunset Center” at the 3 April 2012 City Council Meeting and subsequent Closed Sessions regarding Property Negotiations – Government Code Section 54956.8, Real Property negotiations between City Administrator Jason Stilwell and Christine Sandin regarding the Sunset Cultural Center on October 1, 2012, February 4, 2013, March 4, 2013 and April 1, 2013, and the recent preparation and release of REQUEST FOR QUALIFICATIONS LEASE AND OPERATION OF THE SUNSET CULTURAL CENTER by the City, SUNSET CULTURAL CENTER, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REPORTS FOR THE FISCAL YEARS 2006/2007 (third and last year of first three-year term of agreement), 2009/2010  (third and last year of first renewal or second three-year term of agreement), 2010/2011, 2011/2012 & SUMMARY OF OPERATIONS FOR FIRST, SECOND & THIRD QUARTERS FY 2012/2013 (third and last year of second renewal or third three-year term of agreement) documents are embedded.  Tables of SUNSET CULTURAL CENTER, INC. HIGHLIGHT SUMMARY – SUMMARY OF OPERATIONS FISCAL YEAR 2012/13 and SUNSET CULTURAL CENTER, INC. HIGHLIGHT SUMMARY – FINANCIAL STATEMENTS are featured.

SUNSET CULTURAL CENTER, INC.

HIGHLIGHT SUMMARY – SUMMARY OF OPERATIONS

FISCAL YEAR 2012/13

(July 1, 2012 – June 30, 2013)

Quarter	Total operating income ($)	Total expenses ($)	Increase (decrease) Net Assets ($)	City Enabling grant ($)
First	284,914	404,145	30,769	150,000
Second	342,544	506,304	(13,760)	150,000
Third	431,711	554,724	26,987	150,000

 

SUNSET CULTURAL CENTER, INC.

Summary of Operations

First Quarter, Second Quarter, Third Quarter FY 2012/2013

SUNSET CULTURAL CENTER, INC.

HIGHLIGHT SUMMARY – FINANCIAL STATEMENTS

Fiscal Year	Total revenue ($)	Total public support ($)	Total revenue & public support ($)	Total expenses ($)	Total Net Assets, Beginning ($)	Total Net Assets, Ending ($)	City Enabling grant ($)
2006/07	1,530,926	914,945	2,445,871	2,264,988	283,287	464,170	713,000
2009/10	1,174,569	804,543	1,979,112	1,991,308	679,277	667,081	680,000
2010/11	1,293,717	797,446	2,091,163	2,223,010	667,081	535,234	650,000
2011/12	1,388,292	1,186,544	2,574,836	2,185,384	535,234	924,686	650,000

 

 SUNSET CULTURAL CENTER, INC.

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2007 AND INDEPENDENT AUDITORS' REPORT

(July 1, 2006 – June 30, 2007)

 

SUNSET CULTURAL CENTER, INC.

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2010 AND INDEPENDENT AUDITORS' REPORT

(July 1, 2009 – June 30, 2010)

 

SUNSET CULTURAL CENTER, INC.

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2011 AND INDEPENDENT AUDITORS’ REPORT

(July 1, 2010 – June 30, 2011)

 

SUNSET CULTURAL CENTER, INC.

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 AND INDEPENDENT AUDITORS’ REPORT

(July 1, 2011 – June 30, 2012)

ADDENDUM:

MINUTES

REGULAR CITY COUNCIL MEETING

CITY OF CARMEL-BY-THE-SEA

April 3, 2012

I. CALL TO ORDER

The regular meeting of the City Council of the City of Carmel-by-the-Sea, California, was held on the above date at the stated hour of 4:34 p.m. Mayor McCloud called the meeting to order.

II. ROLL CALL

PRESENT: Council Members Burnett, Hazdovac, Sharp, Talmage & Mayor McCloud

ABSENT: None

STAFF PRESENT: Jason Stilwell, City Administrator

Heidi Burch, Asst. City Administrator/City Clerk

Mike Calhoun, Interim Police Chief

Sean Conroy, Planning and Building Services Manager

Janet Bombard, Library Director

XI. ORDERS OF COUNCIL

1. Provide direction on entering into an agreement for the management of the Sunset Center.

 City Administrator Stilwell presented the staff report.

Christine Sandin, Executive Director of Sunset Center, spoke to the issue.

By consensus, Council directed the City Administrator to work with Sunset Center.