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Fair Manager recommending Chairman be authorized to sign the 2009 El Dorado County Fair Budget in the amount of $1,145,826 as previously approved by the El Dorado County Fair Board of Directors at their October 15, 2008 meeting and also by the California Department of Food & Agriculture, Division of Fairs & Expositions, noting this amount represents total operating appropriations offset by $1,021,835 in operating revenue, and that the budget reflects a net loss after depreciation of $136,854.
RECOMMENDED ACTION: Approve.
FUNDING: No county funds are included in the Fair Association budget.
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Background: At the March 29, 2005 meeting the Board of Supervisors entered into an agreement with the El Dorado County Fair Association, Inc., a general non-profit corporation for continued management of the County Fair for a term of five years with automatic annual renewals.
Reason for Recommendation: Section 16 of the agreement requires the Fair Association to the Board of Supervisors for approval, showing estimated revenues and the proposed expenditures from all sources during the ensuing calendar year, and that no funds shall be expended by such the Association except pursuant to the budget. The 2009 El Dorado County Fair Budget has already been submitted to, and approved by the California Department of Food & Agriculture. However, Chief Administrative Office staff notes that Section 16 of the agreement requires the Fair Association to submit its budget to the state after approval of the Board of Supervisors.
Action following Board approval: Board Clerk to submit signed copy of the Fair budget to the Fair Association.
Contact: Jody Gray, CEO, Fair Association, 621-5860
Mike Applegarth, Chief Administrative Office, (5123)