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2022-05-17 CC Agenda SPC - Additional Information - Attachment C - Budget Study SessionAttachment C - Budget Study Session ARTS & CULTURE ADVISORY COMMITTEE FORMAL BUDGET REQUEST FOR CITY COUNCIL'S APPROVAL IN JUNE 2022 FY 2022-2023 FISCAL IMPACT: The ACC's recommendations for Fiscal Year 2022-2023 total $326,000. SUMMARY OF APPROVED ART INITIATIVES FOR FISCAL YEAR 2021-2022 The Arts and Culture Advisory Committee (ACC) and City staff have successfully implemented several of the City Council approved Art Initiatives over the course of this past year. A detailed summary of FY 2021-2022 initiatives can be found in the Recap of Fiscal Year 2021-2022 Allocated Projects. (Attachment B) PROPOSED RENEWAL AND NEW INITATIVES FOR FISCAL YEAR 2022-2023 With the success of the past year's initiatives, the ACC is presenting the following initiatives for City Council's review and direction for the Fiscal Year 2022-2023. These eight (8) initiatives are detailed below. With the direction of City Council, the ACC's will bring back to the City Council at a later date these recommendations and corresponding budgets for Fiscal Year 2022-2023. The Community Services Department's Cultural Arts Coordinator will continue to oversee the execution of the recommended projects during the upcoming year if they are approved. RENEWAL OF APPROVED 20211.-2022 INITATIVES FOR FISCAL YEAR 2022-2023: 1. Poet Laureate: Requesting $8,000 2. Festival of Holidays: Requesting $40,000 3. Cultural Arts Coordinator: Requesting $105,000 NEW INITIATIVES FOR 2022-2023: 4. Visual Artists in Community Fund: Requesting $35,000 5. Arts and Culture Community Engagement Fund: Requesting $35,000 6. Operating Fund: Requesting $10,000 to be transferred into this already established sub - account within the Cultural Development Fund, as recommended by the City's CFO. 7. 2"d City Talks: Requesting $35,000 8a & 8b: El Segundo Art Walk: requesting $58,000 total 8a. El Segundo Art Walk: Requesting $38,000 8b. Art Component within the ES Art Walk: Requesting $20,000 TOTAL BUDGET REQUEST FOR FY 2022-2023: $326,000