Proposed Projected Actuals Proposed
2021/2022 2021/2022 2022/2023
Income
City Funding $200,000 $200,000 $150,000Facilities ‐ Event Deck Rental $200,000 $425,000 $600,000Facilities ‐ Film Permits $100,000 $250,000 $275,000Facilities ‐ Merry Go‐Round Rental $75,000 $45,000 $100,000Facilities ‐ Corporate Promotions $100,000 $175,000 $200,000Partnerships $50,000 $200,000Food and Beverage Sales $20,000 $25,000Licensing and New Revenue $10,000 $12,000 $15,000Registration Fees $12,000 $15,000Loans and Grants $20,000 $25,000 $30,000TOTAL INCOME $705,000 $1,214,000 $1,610,000 Expenses
Facilities ‐ City Refund ‐ Merry Go‐Round $30,000 $14,000 $55,000Facilities ‐ City Refund ‐ Pier Deck $80,000 $250,000 $300,000Facilities ‐ Event Staffing, Security & Supplies $15,000 $20,000 $20,000People ‐ Wages & Salaries $450,000 $475,000 $650,000People ‐ Benefits $120,000 $121,000 $150,000People: Meetings, Office Supplies, Retreat $15,000 $25,000 $35,000People ‐ Services, Audit, Insurance, $30,000 $30,000 $35,000Marketing Creative $10,000 $0 $10,000Marketing Promotions, Travel $10,000 $12,000 $20,000Pier Produced Programming (Pier 360, Locals' Night, Wellness & Waves, Dia de los Muertos, Holidays, PRIDE) $0 $230,000 $300,000Planning Contingency $30,000 $10,000 $50,000TOTAL EXPENSE $790,000 $1,187,000 $1,625,000NET INCOME ($85,000) $27,000 ($15,000) NOTE: The deficits in budget will be covered by Pier Reserves.
Santa Monica Pier Corporation Budget 2022/2023