Invested Arts Organisations - Programs calculator
This calculator can be used to help you determine the maximum annual program investment you can apply for through Arts Tasmania's Invested Arts Organisations - Programs program.
Organisations can receive up to 60 per cent of investment in the first year of funding and 55 per cent in the subsequent years.
* denotes a mandatory field
There are two different types of auspicing - and two different methods for including them in your income for the purposes of calculating the maximum investment threshold.
Financial auspicing arrangements are limited to the following activities:
- entering into a written agreement;
- receipting the funding on behalf of the grant recipient in accordance with the funding agreement;
- making payments from the funds received on instruction from the grant recipient;
- monitoring the use of the funding to ensure compliance with the purpose for which it was provided;
- providing the grant recipient with an itemised financial statement at the end of the project, which clearly identifies the funding and how it was spent;
- ensuring that acquittal obligations in relation to financial reporting are met;
- ensuring that the financial statement for the funding acquittal is certified by a qualified accountant in public practice where required, and
- other ancillary tasks relating to receipting, payment and reporting, for example, completion of periodic financial reports to assist in the management of the project.
Where financial auspicing is occurring, only the amount retained by you as a fee-for-service should be included in your income for the purposes of calculating the maximum investment threshold.
Production auspicing is where your organisation as the auspicing body is actively involved in the development and production of the project being auspiced. In production auspicing, the auspicing body undertakes activities in excess of mere banking and bookkeeping, and is directly involved in and responsible for activities that may be considered to form part of the creative process or the delivery of product, for example through involvement in creative development, production, or touring.
For the purposes of calculating the maximum investment threshold, funds relating to production auspicing should be included in the calculation of your organisation's income from other sources.
Box office income
For the purpose of calculating your income, the distinction is made between two different types of box office income:
- box office income related to events produced by your organisation, and
- box office income for events produced or administered by a third party.
If you manage the box office process for events in which your organisation is actively involved, either in the development or production of the project, then total income earned should be included in the calculation of your organisation's income from other sources.
If your organisation manages the box office process for third parties such as sole traders or other arts organisations, only the agreed commission or fee-for-service should be included in your income for the purposes of calculating the maximum investment threshold. This is best characterised as a situation in which you are acting as an agent for another individual or organisation. In these situations only the income you earn as part of offering that agency service is to be counted as your organisation's income.