SCFD Board Approves Budgeted Distributions of Almost $8.9 Million to 27 Organizations of Tier II

Denver, August 27, 2008 – At their regular meeting held on Thursday, August 21, 2008, the SCFD Board of Directors passed Resolution No. 08-07 to allocate $8,880,890.00 to 27 qualified and certified organizations comprising Tier II.

These 27 organizations receive a designated proportion of the statutory 21% distribution of SCFD funds. The funds are allocated pursuant to revenue projections set by the Board of Directors and distributed on a three-payment schedule based on actual revenue collected. These distributions will be made in September and December, 2008 with the final distribution of 2008 funds occurring in March 2009.

At the July and August meetings, the Board of Directors reviewed written reports and heard from the Tier II organizations on their use of 2007 distributions and proposed uses for 2008 funding. The Board then certified the reports and approved the allocation and distribution of funding. Ninety-five percent (95%) of SCFD funds are distributed as formula, or unrestricted general operating, funds and five percent (5%) are designated for discretionary funds that by statute must be used for programs or projects that address regional impact, quality, need, accessibility, collaboration, innovation or enhancement.

The organizations and distributions are as follows:
Total Formula Funds – Total Discretionary Funds – Total SCFD Funds

ORGANIZATION
Arvada Center of the Arts and Humanities $965,243 – $50,802 – $1,016,044.86

Aurora, City of (Cultural Services Division) $259,956 – 13,682 – $273,637.98

Boulder Philharmonic $84,503 – $4,448 – $88,950.99

Butterfly Pavilion and Insect Center $574,532 – $30,239 – $604,770.85

Central City Opera House Association $353,706 – $18,616 – $372,322.43

Cherry Creek Arts Festival $62,357 – $3,282 – $65,638.66

Children’s Museum of Denver $610,709 – $32,143 – $642,852.10

Colorado Ballet $591,608 – $31,137 – $622,745.77

Colorado Chautauqua Association $174,322 – $9,175 – $183,496.95

Colorado Children’s Chorale $156,428 – $8,233 – $164,660.58

Colorado Mountain Club $170,205 – $8,958 – $179,163.07

Colorado Music Festival $101,267 – $5,330 – $106,597.32

Colorado Railroad Museum $250,844 – $13,202 – $264,046.62

Colorado Symphony Association $952,182 – $50,115 – $1,002,297.25

Denver Film Society $387,876 – $20,415 – $408,290.04

E-Town $117,939 – $6,207 – $124,145.96

Historic Denver, Inc. $156,799 – $8,253 – $165,051.34

Hudson Gardens $279,023 – $14,685 – $293,708.79

Lakewood Heritage, Culture & the Arts $197,928 – $10,417 – $208,345.68

Mizel Arts and Culture Center $325,628 – $17,138 – $342,766.83

Mizel Museum $122,132 – $6,428 – $128,559.76

Museum of Contemporary Art Denver $113,324 – $5,964 – $119,288.11

Opera Colorado $307,776 – $16,199 – $323,974.87

Rocky Mountain Bird Observatory $123,726 – $6,512 – $130,238.25

Swallow Hill Music Association $181,738 – $9,565 – $191,303.25

Wildlife Experience $606,694 – $31,931 – $638,624.80

Wings Over the Rockies $208,399 – $10,968 – $219,366.86

TOTAL $8,436,846 – $444,045 – $8,880,890.00

Greater Denver Metro area voters created the Scientific & Cultural Facilities District in 1988 to provide public financial support to scientific and cultural organizations. Since then, SCFD has funded over 300 organizations via the 0.1% (1¢ on every $10) retail sales and use tax in the seven-county district. Counties within the Scientific and Cultural Facilities District include Adams, Arapahoe, Boulder, Broomfield, Denver, Jefferson and most of Douglas County.

SCFD facilitates distribution of the voter-approved retail sales and usage tax funds to organizations that provide for the enlightenment and entertainment of the public through the production, preservation, exhibition, advancement or preservation of art, music, theater, dance, zoology, botany, natural history or cultural history.

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