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COUNCIL ASSESSMENT PANEL MEETING 10 July 2019 AGENDA ITEM 8.1Applicant: Mark Mussolini Landowner: M A Mussolini & R P Mussolini Agent: James Levinson Gotten Levinson Development Application: 13/30/473
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01
Conduct a comprehensive analysis of the current financial situation of the cultural organization or project.
02
Identify potential sources of funding such as grants, sponsorships, donations, and revenue-generating activities.
03
Develop a realistic budget that takes into account both income and expenses.
04
Implement strategies to increase income, reduce costs, and maximize financial resources.
05
Monitor financial performance regularly and make adjustments as needed to ensure economic sustainability.

Who needs economic sustainability of culture?

01
Cultural organizations such as museums, art galleries, theaters, and music venues.
02
Individual artists and creators who rely on their work for income.
03
Communities that value and benefit from cultural activities and events.
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Economic sustainability of culture refers to the ability of cultural industries and activities to support themselves financially and contribute to the overall economy.
Cultural organizations, businesses, and individuals involved in cultural activities may be required to file economic sustainability reports.
To fill out economic sustainability reports, gather financial data related to cultural activities and their impact on the economy, then follow the submission guidelines provided by relevant authorities.
The purpose of economic sustainability reports is to assess the financial health and impact of cultural activities on the economy, as well as to identify areas for improvement and growth.
Information on revenues, expenses, investments, economic impact, and future plans related to cultural activities must be included in economic sustainability reports.
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