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Memo - Depot Coffee House Finances Administrative Services Department Office of the City Manager Memorandum To: From: Date: Subject: Honorable Mayor and Members of the City Council Steven C. Mielke, City Manager January 26, 2001 Depot Coffee House Finances As the City Council is aware, the Depot Coffee House is struggling with its finances. Based on past directives from the City Council I have been working with the partners and the Depot board and staff to review and find ways for both short- and long-term viability of the project. Attached is information from the Depot outlining both short- and long-term plans to address the financial situation. You will see from the information that the Depot can be viable without additional partner subsidy if they are successful in their grant writing and fundraising campaigns. Anthony Hall and Kathleen Taber will be present at the work session to discuss these plans and to answer any questions the Council may have. On the positive side, you can also see from the kid counts that the facility is well used and in many ways is accomplishing much of the mission that was established when the facility was envisioned. There are other areas wherein there are still mission related issues to be addressed. On the finances, I have informed the partners and the board that I have not received authority to provide subsidies from the city, and that any deficits would need to be handled in a partnership and cooperative manner. I wish to discuss this issue with the Council at the work session. In short, Park Nicollet Foundation has indicated that the Depot has pretty well exhausted the monetary capacities of Park Nicollet to assist in straight grants to the facility. They are continuing to offer human resources and ideas to assist in fundraising efforts. The YMCA has indicated that they are in a position to cover the cost of Anthony's time for a portion of the year, should a deficit position be encountered. They have stated that if by year-end there is a positive balance, they would wish to be reimbursed for those risks. The School District, through the Reduce the Use campaign, has offered a $10,000 grant and has discussed ways in which the students may be able to access additional mini-grants on a project by project basis. It remains unclear whether the school's general fund will be able to assist in deficits due to their financial position within their operations budget. I am, again, looking for direction from the Council on our position relative to deficit funding. 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CD o "lit ~ - I I- Z ::;) 8 c 2 S9LtttSZ19 YVd SS:9T TO/S7./TO 01/25/01 January fund raising grants February fund raising grants March fund raising grants April fund raising grants May fund raising grants June fund raising grants July fund raising grants August fund raising grants Septem ber fund raising grants October fund raising grants Novem ber fund raising grants December fund raising grants 16:59 FAX 6125444765 ~ Y MeA I4l 004 . $400 Snowflake sale $5,000 Reduce the Use $1,500 Presentations; $250 Royals Concert $3,000 Annual support campaign $1,000 Misc grant to cover teen center program supplies (e.g. Target Market or Reduce the Use); $5,000 Reduce the Use $1,000 remainder of annual support; $250 Royals concert; $1,500 presentations $10,000 Misc grant written by Staci $500 Presentation $500 Presentation $10,000 Misc Grant written by Staci; $1,500 Mise grant to cover teen center program supplies $250 Royals concert $1000 presentations $10,000 Misc grant written by Staci $250 concert; $5,500 Silent Auction/ Alumni event $1,000 Misc grant to cover teen center progra~ supplies $1,500 presentations $20,000 Misc grant written by Staci Miscellan ous $300 each month (All misc. contributions are room rental charges) Contributions TOTAL 1/25/01 $84,500 The Depot Coffee House Explanation of Revenues for 2001 01/25/01 17:00 FAX 6125444765 Y~ICA Following are the grants opportunities Staci has identified for the first quarter of2001 1. Athwin Foundation No deadlines; proposals may be submitted at any time No information available on tumaroun4lnotification time Grant Range: $5,000 to $20,000 2. ReliaStar Foundation No deadline; proposals may be submitted at any time Notification within 10 weeks Grant Range: $5,000 to $50,000 with some larger grants listed 3. Baker Foundation No deadline; proposals may be submitted at any time No information available on turnaround/notification time Grant Range: $5,000 to $20,000 4. Carolyn Foundation Application due January 31, 2001 No information available 011 turnaround/notification time Grant Range: $50,000 to $100,000 5. Dain Rauscher Foundation Application due February 26, 2001 No information available on tumaround/notificatill time Grant Range: $20,000 to $30,000 6. H.B. Fuller Co. Foundation Letter of Inquiry due February 1 7. James R. Thorpe Letter of Inquiry or proposal due March 1 Next board meeting is in May - notification within one week from meeting Grant Range: $6,000 to $20,000 8. Bemis Company Application due March 1, 2001 No information available 011 turnaround/notification time Grant Range: $20,000 to $50,000 The ones Staci thinks have the strongest potential are ReliaStar Foundation, Carolyn Foundation, Bemis Company Foundation and James R. Thorpe Foundation. . '125/()( 141 005 01/2~/Ol. J7:00 FAX 6125444765 Y MeA The Depot Coffee House Long Term Financial Plan ~006 The following events are annual events that will generate revenue in addition to coffee shop sales for years 2002 and into the future. How each event will be run, and who is responsible for seeing each one to completion will be decided through the course of 200 1. Use of an active volunteer program for counter staff Reduce the Use support (through 2003) . Annual support campaign (includes boar~ presentations, mailing & corporate asks) · Annual silent auction/alumni event Annual Snowflake sale Quarterly concert with ticket price Mini grants to cover misc teen center activities Annual grant writing TOTAL : ,. $2,500 $10,000 ,- $10,500 $5,500 $400 $1,000 $3,000 $40~000 $72,900 Sales are expected to rise 2% - 3% each year $72,900 is the expected net for the year's fundraising and grant writing