Accounting Activity Funds
Beginning Balance as of July 1, 2024 $ 377,791.36 Total Developer Fees Received and Art Related Expenses Net Increase or (Decrease) $ 18,707.65 Ending Balance as of June 30, 2025 396,499.01$
Reserves for 2024/2025 Fiscal Year
Council-directed Reserve for Maintenance, Damage, Economic Uncertainty, and Repairs $ (100,000.00)
Total Funds available for Public Arts Commission Use as of July 1, 2024 for 2024/2025 Fiscal Year 296,499.01$ City Council Approved Projects to be Paid out of Current Fiscal Year Funds Ocotillo Park Bench Painting Project (18,275.00)$
Total projects paid out of current fiscal year funds
Available Fund Balance before PUC 278,224.01$
PAC Projects Approved or Under Consideration (PUC)
Esperanza Park Entryway Art
Ramon/Landau Entryway Art
Total Projects Under Considerstaton (CUP) -$
Remaining Funds Available for Public Art Commission Use 278,224.01$ Notes:
Public Arts Commission - General Fund Budgets
The Art in Public Places Funds is NOT automatically replenished. The Art in Public Places fund receives additional dollars only when qualifying development triggers contribution requirements. The City does not control when qualifying development occurs. For all new commercial and industrial projects over 15,000 square feet; remodels/repair/reconstruction of existing commercial and industrial with a building permit value of over $100,000.00 (except for Acts of God); and some public facilities over 15,000 square feet are required install public art. The developer may opt to contribute funds to the “art in public places fund” established pursuant to Section
11.45.130 equal to one percent of ninety percent of the total project valuation. The in lieu fee shall be paid by the project applicant at the time of the issuance of a certificate of occupancy. Project applicants shall indicate on their building permit application that they wish to make an in lieu contribution. (Ord. 538 § 3, 2001). Please see Cathedral City Municipal Code Section 11.45.030 for more detail. End of fiscal year balance becomes the beginning of the year fund balance for the next fiscal year.
Cathedral City Art in Public Places
(Unaudited) Fiscal Year Fund Balance as of July 1, 2024 Projects Approved or Under Consideration (PUC) - Projects that are being considered by the PAC or approved by the PAC 1 of 1 9/18/2024