COBI 2015 - State Arts Endowment Fund

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The State Arts Endowment Fund was established as a central repository for arts organizations that were able to match the National Endowment for the Arts funding. Interest payments from the endowment are paid directly to the arts organization.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $10,500 from all sources for State Arts Endowment Fund. This is a 44.7 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
State Arts Endowment Fund	0	0	0	6,600	7,500	11,500	19,000	(8,500)	10,500
Total	$0	$0	$0	$6,600	$7,500	$11,500	$19,000	($8,500)	$10,500

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	0	0	0	13,700	0	9,000	9,000	0	9,000
Interest Income	0	0	0	1,400	9,000	(7,500)	1,500	0	1,500
Beginning Fund Balance	0	0	0	0	279,700	(271,200)	8,500	(8,500)	0
Ending Fund Balance	0	0	0	(8,500)	(281,200)	281,200	0	0	0
Total	$0	$0	$0	$6,600	$7,500	$11,500	$19,000	($8,500)	$10,500

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Current Expense	0	0	0	6,600	7,500	11,500	19,000	(8,500)	10,500
Total	$0	$0	$0	$6,600	$7,500	$11,500	$19,000	($8,500)	$10,500

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.