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Mayor Buchan declared a recess at 8:50 P.M. Meeting reconvened at 9:00 P.M. ------------------------------------------------------------------------------------------------------------------------ D. Fox Financial Review Subcommittee Report - report by Assistant to the City Manager Centeno and Subcommittee members; (1307-01) Assistant to the City Manager Centeno presented the staff report and clarified Condition No.2. as submitted by the Council Subcommittee, Council Members Sanfilipo and Steinfeld: In response to Councilwoman Gasparini's questions, Councilman Sanfilipo advised that Condition No.2, asking for a report of expenses and revenues after each production would make it easier to see exactly how much each production cost Peninsula Center Stage. The purpose was to make sure the $30,000 grant went solely for productions and not for maintenance or repairs of the building. In response to Councilwoman Gasparini's questions, Councilwoman Steinfeld advised that PCS hired an additional staff person, wrote off depreciation, and granted a cost of living adjustment to their personnel while stating they were in severe financial difficulties. Additionally, Councilwoman Steinfeld advised that PCS had only raised approximately $6,000 from other sources, which is significantly less than the national average for non-profit organization's fund raising totals. Councilwoman Gasparini stated that an inequity existed in imposing conditions on the funds granted to Peninsula Center Stage when conditions were not imposed on any other recipient of City funds such as Shelter Network, the latest recipient of a City grant. Councilwoman Gasparini suggested that if the Council wished to impose a blanket policy of conditions on all recipients, that would be acceptable; however, to single out only one recipient was not appropriate. Councilwoman Gasparini added that Peninsula Center Stage's financial statements were in order, everything was accounted for, and conditions were unnecessary. Councilwoman Steinfeld reiterated her statement that PCS claimed deep financial difficulties and yet hired additional personnel and increased salaries. Councilwoman Steinfeld stated that PCS productions had been successful before the City's subsidy which demonstrated they did not need additional funding; and, she wanted assurance that the City's funds would not be used for maintenance and repair of the Fox Theatre or salaries, and that all of the money was put into Theatre productions. Councilwoman La Berge, candidate for Council, stated that the City makes grants to 25 to 40 non-profit organizations per year, for the arts, sports, and human services, and does not put these kinds of conditions on those grants. The grants are investments in the community. Shelter Network, Raices de Mexico productions and funding to PCS for other quality theatre all make this community better. Councilwoman La Berge stated that the City had truly gotten its money's worth; the PCS performances brought 18,000 people Regular Meeting Minutes MINUTE BOOK NO.52 November 7, 1994 Page No. 429 Page 8 . .--.--,-----..---.----.- ,._--._---...---,".,----,,---,,-_.