File #: 21-0915    Name: Redirecting FY21 MAC Unpsent Funds
Type: Resolution Status: Consent Item
In control: City Council Regular Meeting
On agenda: 10/19/2021 Final action:
Title: Consider/Discuss/Act on a Resolution Approving Redirection of Fiscal Year 2020-21 Unspent Arts Commission Funds to the Public Art Fund
Attachments: 1. Resolution

Title

Consider/Discuss/Act on a Resolution Approving Redirection of Fiscal Year 2020-21 Unspent Arts Commission Funds to the Public Art Fund

 

Summary

 

COUNCIL GOAL:                     Enhance the Quality of Life in McKinney

 

MEETING DATE:                     October 19, 2021

 

DEPARTMENT:                      MPAC/McKinney Main Street

                     McKinney Arts Commission

 

CONTACT:                       Amy Rosenthal, MPAC/MMS, Director

 

RECOMMENDED CITY COUNCIL ACTION:

                     Approve resolution to redirect $9,078 in unspent funds from FY21 Arts Commission budget to the FY22 Public Art Fund balance.

 

ITEM SUMMARY: 

                     In FY21, the City Council allocated $200,000 to the McKinney Arts Commission to further the Arts Commission mission ‘to create a vibrant and viable arts community in which diverse, high quality arts opportunities are available to McKinney residents and visitors.’

 

BACKGROUND INFORMATION: 

                     City Council approved the Resolution 2013-11-107(R) which stated ‘that any unspent funds allocated annually to the Arts Commission for support of the Arts in McKinney may be redirected to the Public Art Fund.’

 

FINANCIAL SUMMARY: 

                     $9,078 remain as unspent FY21 Arts Commission funds that may be redirected to the Public Art Fund with City Council approval.

 

BOARD OR COMMISSION RECOMMENDATION: 

                     The Arts Commission recommends redirecting $9,078 in unspent FY21 Arts Commission Funds to the Public Art Fund.