2016-2017 Budget Presentation

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2016-2017 Budget Presentation

Income Administration Admissions Advancement Education Museum Rentals Forums & Symposiums Archives & Object Collection Folklife Center Miami Stories Center for Photography Exhibitions Expansion & Wayfinding Interest & Endowment Income, prior to Miami Dade County

92,367 207,000 401,250 176,000 35,000 13,500 215,000 9,800 15,120 152,000 95,000 150,000 697,720 2,259,757

Miami Dade County - Operational funds Miami Dade County - Value of facility Income, Miami Dade County

2,169,000 1,685,000 3,854,000

Total Income

Expenditures Administration Admissions Advancement Education Museum Rentals Forums & Symposiums Archives & Object Collection Folklife Center Miami Stories Center for Photography Exhibitions Expansion & Wayfinding Miami Dade County - Value of facility Salary & benefits Total Expenditures

6,113,757

367,140 289,000 152,194 133,990 5,500 18,300 110,350 12,800 15,120 101,345 275,800 143,000 1,685,000 2,804,218 6,113,757

2016 - 17 Draft Budget - Income

2% 3%

3%

7%

1%

0% 0%

4%

28%

0% 2% 2% 2%

11%

35%

Administration Advancement Museum Rentals Archives & Object Collection Miami Stories Exhibitions Interest & Endowment Miami Dade County - Value of facility

Admissions Education Forums & Symposiums Folklife Center Center for Photography Expansion & Wayfinding Miami Dade County - Operational funds

2016-17 Draft Budget - Expenditures

6%

5%

2% 2%

0% 0%

2% 0% 0% 2%

46%

5% 2%

28%

Administration

Admissions

Advancement

Education

Museum Rentals

Forums & Symposiums

Archives & Object Collection

Folklife Center

Miami Stories

Center for Photography

Exhibitions

Expansion & Wayfinding

Miami Dade County - Value of facility

Salary & benefits

Income Trends 2,500,000

2,000,000

1,500,000

1,000,000

500,000

0 Grants

Fundraising

2012-13

Grants Fundraising Fundraising events Interest & Endowment Earned Revenue Miami Dade County - Operational support

Fundraising events

2013-14

2014-15

Interest & Endowment

2015-16

Earned Revenue

Miami Dade County Operational support

2016-17

2012-13 2013-14 2014-15 2015-16 2016-17 264,520 235,184 500,632 235,457 166,167 167,373 158,227 282,232 121,963 170,870 197,675 104,653 194,585 100,000 240,000 838,514 656,892 675,957 669,200 697,720 450,129 692,201 773,202 736,675 985,000 1,282,000 2,169,000 2,169,000 2,169,000 2,169,000

Unfunded Needs Essential Tier 1 Tier 2

Administration/Development Cultivation Dinners (2) Additional County server space (addl 500 gb) Additional staff travel

12,000 1,800

Education/Admissions/Public Programs Admission Desk - Data collection system Addl gallery aide on weekend/programs Portable stage

23,000 5,564

Folklife 2 Heritage Spotlight artists 30th Anniversary Folklife Festival

14,000

12,000 10,000

6,000

15,000

Miami Stories Miami Stories Festival Exhibitions Recording Studio Designer (exhibits) equipment/software Program evaluation consultant Archives & Collections Dedicated archive server space - 1.5TB (County) Collections systems evaluation & upgrade Archives & collection events Copy stand for archives & object photography

Enhancements

10,000

5,000 12,000 10,000

10,800 10,000 5,000 5,500

Staff Collections Assistant ($32K + benefits) Web/Social Media Associate ($32K + benefits) Photocenter Coordinator ($40K + benefits)

Column totals

Total Unfunded Needs

42,968 42,968 52,060

94,164

137,996

305,660

73,500