ATTACHMENT 1
Account Amount Division Comment
OTHER FUNDS APPROPRIATIONS:
ONE-TIME ADJUSTMENTS
41311200.619800.PZ502 58,500$ Cultural Affairs Photography, Graphic Design (per Culver City Municipal Code [CCMC] maximum 15% of Cultural Trust Fund [CTF]
payments from FY 2021-22*)
41311200.619800.PZ502 10,000$ Cultural Affairs To designate incoming contribution from Culver Arts to Artist Laureate (cash expected in FY 22-23)
41311200.619800.PZ614 97,500$ Cultural Affairs Grant Contracts Adjust to actuals (per CCMC maximum 25% of CTF payments from FY 2021-22*)
41311200.619800.PZ614 25,000$ Cultural Affairs To designate incoming contribution from Sony Pictures
Entertainment (cash received in FY 21-22)
41311200.619800.PZ614 25,000$ Cultural Affairs To designate incoming contribution from Culver Arts (cash ex
pected in FY 22-23)
Sub-Total One-Time 216,000$
Total Other Funds
Appropriation
Adjustments 216,000$
RECOMMENDED MID-YEAR ADJUSTMENTS
FOR FISCAL YEAR 2022/2023
*The original budgeted expenses were estimates based on expected CTF payments of $450K; At fiscal year-end 6/30/2022 the actual CTF payments are $840K.
These budget amounts are being adjusted accordingly.