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Consider approving the Solano County Fair Association's (SCFA) CY2018 budget totaling $2,678,105 in revenues and $2,577,353 in expenses; Discuss 2017 calendar of activities, future 2018 activities and proposed 2018 two-day Fair; and Authorize the SCFA to pursue federal and state grant and other revenues and delegate authority to the County Administrator for approval of associated applications
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
It is recommended that the Board of Supervisors:
1. Consider approving the Solano County Fair Association's (SCFA) CY2018 budget totaling $2,678,105 in revenues and $2,577,353 in expenses;
2. Discuss overview of 2017 calendar of activities, future 2018 activities and proposed 2018 two-day Fair; and
3. Authorize the SCFA to pursue federal and state grant and other revenues and delegate authority to the County Administrator for approval of associated applications.
SUMMARY:
The Solano County Fair Association (SCFA) operates on a calendar year budget and per the Agreement for the Management and Operations of the Solano County Fairgrounds, the following budget items are forwarded to the Board of Supervisors for concurrence and approval.
The CY2018 SCFA Proposed Budget totaling $2,577,352 was approved by its Board of Directors on January 22, 2018 following two budget revisions to correct a fiscal deficit and requirement of outside monetary assistance. The CY2018 Budget projects a net profit before depreciation of $100,752. The overall expenditures reflect the organization's increasing focus on the Interim Event/Facility Rental program to drive revenue and a substantive change in the anticipated programming for the 2018 Annual County Fair. The CY2018 Budget addresses the anticipated operations of the annual Solano County Fair Saturday June 30 thru Sunday, July 1 and the annual Youth Ag Day on Tuesday, March 20, year-round operat...
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