Business Technical Assistance Program (BTAP) 2022 Cultural Districts funding recommendations - Fiscal Note
Yes
Community Planning & Economic Development
ARPA Funds
No
Contracts for the BTAP Cultural Districts support will be in place from October 2022 through May of 2024 (20 months). We expect that to be spend proportionally across those three years. 15% in 2022, 60% in 2023, and 25% in 2024.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| ARPA | $700,000 | $0 | $0 | ||
| Total Revenues | $700,000 | $0 | $0 | $0 | $0 |
| Expenditures | |||||
| ARPA | $105,000 | $420,000 | $175,000 | ||
| Total Expenditures | $105,000 | $420,000 | $175,000 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $595,000 | $-420,000 | $-175,000 | $0 | $0 |
Not Applicable
Not Applicable