Recommended Budget Volume One.book - Chief Executive Office ...

Critical/Strategic Planning Initiatives
The Museum of Art will continue implementation of its
long-range strategic objectives:
■ Improve the quality and presentation of the collections;
■ Attract and engage a broader audience through expanded
international recognition of LACMA as a quality art institution
Changes From 2010-11 Budget
Unmet Needs
Gross
Appropriation
($)
The Department continues to face unfunded deferred maintenance needs.
MUSEUM OF ART
Budget Summaries
and continued commitment to educational programs and
overall scholarship;
■ Enlarge and improve the museum campus; and
■ Develop a stable and sustainable financial and organizational
plan.
Intrafund
Transfer
($)
Revenue
($)
Net
County Cost
($)
2010-11 Final Adopted Budget
Other Changes
27,969,000 0 10,000 27,959,000 42.0
1. Salaries and Employee Benefits: Primarily reflects
Board-approved increases in health insurance subsidies
and an anticipated increase in overtime, partially offset
by a projected decrease in various employee benefits.
54,000 -- -- 54,000 --
2. One-time Carryover: Reflects the deletion of one-time
carryover funding consistent with the 1994 operating
agreement amended on September 26, 2006.
3. Cost-of-Living Adjustment: Reflects a cost-of-living
increase based on the Board-approved operating
agreements.
4. Retirement Debt Services: Reflects the elimination of
the Department’s proportional share of the costs
associated with the issuance of the 1994 Pension
Obligation Bonds. The bonds were fully paid in fiscal
year (FY) 2010-11.
5. Unavoidable Costs: Reflects a net increase in projected
retirement, unemployment, and workers’ compensation
costs based on historical experience and claim trends.
6. Productivity Investment Fund (PIF) Grant: Reflects
the elimination of one-time funding for the evaluation
of the Improving Audience Access project funded in
FY 2009-10 by a PIF grant.
7. Services and Supplies: Reflects a net increase in
contracted program services fully offset by cost
decreases in salaries and employee benefits.
FY 2011-12 Recommended Budget Volume One 38.2 County of Los Angeles
Budg
Pos
(82,000) -- -- (82,000) --
351,000 -- -- 351,000 --
(400,000) -- -- (400,000) --
100,000 -- -- 100,000 --
(10,000) -- (10,000) -- --
246,000 -- -- 246,000 --
Total Changes 259,000 0 (10,000) 269,000 0.0
2011-12 Recommended Budget 28,228,000 0 0 28,228,000 42.0