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DocuSign Envelope ID: ED5F0D80-E787-4882-9C8B-6E2C980000A7 <br /> TheArtsCenter Budget 2016/2017 <br /> FY17 Budget <br /> Contributed Unearned Income Foundation Grants $ 225,000 <br /> Corporate Sponsorship $ 30,000 <br /> Government Grants $ 105,000 <br /> Individual Gifts $ 90,000 <br /> Board Giving/Capital Improvement $ 15,000 <br /> Special Events $ 60,000 <br /> Total Unearned Income $ 525,000 <br /> Earned Income Performance $ 242,000 <br /> Program $ 630,000 <br /> Gallery $ 3,000 <br /> Rental $ 70,000 <br /> Refreshments $ 40,000 <br /> Total Earned Income $ 985,000 <br /> Total Revenue $ 1,510,000 <br /> EXPENSE <br /> Indirect Overhead Expenses <br /> Labor Salaries/W2 Employees $ 525,000 <br /> Professional Fees $ 45,000 <br /> Professional Development Staff $ 8,000 <br /> Board Development $ 1,000 <br /> Insurance,Taxes, Fees Payroll Taxes $ 40,162 <br /> Payroll Fees $ 3,200 <br /> Employee Beneftis $ 55,000 <br /> Unemployment $ 3,000 <br /> Liability, BOD, Worker's Comp Insurance $ 16,000 <br /> General &Administrative COGS/Refreshments $ 17,000 <br /> Bank Charges& Fees $ 25,000 <br /> Board meeting expenses $ 500 <br /> Conferences& membership dues $ 10,000 <br /> Postage &delivery, office supplies $ 8,000 <br /> Equipment Rental & Maintenance $ 9,000 <br /> Interest Expense (mortgage, Line of <br /> Credit,Carrboro loan) $ 41,000 <br /> Marketing $ 59,000 <br /> Development $ 11,000 <br />