Center starts 2018-19 fiscal year minus a spending plan

The Center of Anna Maria Island has yet to release a budget for the 2018-19 fiscal year, which began July 1.

Executive director Chris Culhane said July 31 year-end financials for the 2017-18 fiscal year would be finalized Aug. 2, but they had not materialized by Aug. 3.

Culhane said the revenue-spending plan would change according to the accrual of yearly expenses, which was to be finalized Aug. 2.

Center board chair David Zaccagnino said in June that a 2018-19 preliminary budget had been finalized and was being sent to an accountant.

Then Culhane said July 6 that the nonprofit was working on a presentation for a board meeting tentatively scheduled for July 23. That meeting was canceled July 20 and no meeting has been held since that time.

The center is currently operating under an unreleased preliminary budget.

According to Culhane, the center was expected to finish the 2017-18 fiscal year $16,000 in the black and projects to finish 2018-19 $23,000 in the black, with revenue close to $1.2 million.

He did not share any other details for the 2018-19 budget, including anticipated expenses.

Numerous requests for the budget and month-to-month financials by The Islander, and a request to the city of Anna Maria for the public records have gone unanswered.

The center receives funding from the island cities, and therefore, revenue and spending records are public records, according to a directive from the Anna Maria city attorney.

The date for the next board meeting is 7 p.m. Monday, Aug. 20, at the center, 407 Magnolia Ave., Anna Maria.