Proposed Projected Actuals Proposed
2022/2023 2022/2023 2023/2024
Income
City Funding $150,000 $150,000 $150,000
Facilities - Event Deck Rental $600,000 $780,000 $675,000 Facilities - Film Permits $275,000 $130,000 $200,000
Facilities - Merry Go-Round Rental $100,000 $100,000 $130,000 Facilities - Corporate Promotions $200,000 $250,000 $250,000 Partnerships $200,000 $150,000 $360,000
Food and Beverage Sales $25,000 $25,000 $30,000
Licensing and New Revenue (Tours) $15,000 $15,000 $25,000 Registration Fees $15,000 $15,000 $17,000
Merchandise Sales $15,000
Donations and Grants $30,000 $40,000 $60,000
TOTAL INCOME $1,610,000 $1,655,000 $1,912,000
Expenses
Facilities - City Refund - Merry Go-Round $55,000 $48,000 $60,000 Facilities - City Refund - Pier Deck $300,000 $300,000 $325,000 Facilities - Event Staffing, Security & Supplies (Tours) $20,000 $40,000 $45,000 People - Wages & Salaries $650,000 $600,000 $685,000
People - Benefits (Health Ins, Payroll Tax, Wrkrs Comp, 403b) $150,000 $170,000 $190,000 People: Meetings, Office Supplies, Retreat $35,000 $40,000 $40,000 People - Services, Audit, Insurance, (Consultant) $35,000 $45,000 $65,000 Marketing Creative $10,000 $10,000 $12,000
Marketing Promotions, Travel $20,000 $20,000 $23,000
Pier Produced Programming (Pier 360, Locals' Night, Wellness & Waves, Dia de los Muertos, Holidays, "STP" Play, PRIDE) $300,000 $300,000 $430,000 Merchandise $20,000
Planning Contingency (<3%) $50,000 $30,000 $50,000
TOTAL EXPENSE $1,625,000 $1,603,000 $1,945,000
NET INCOME ($15,000) $52,000 ($33,000)
NOTE: The deficits in budget will be covered by Pier Reserves.
Santa Monica Pier Corporation Budget 2023/2024