Current Assets
The hallmark of District grants is unrestricted operating funds.
RAD operating grants to assets can be used for all of the basics, like staff, utilities and maintenance. Since 1995, the District has also awarded $50 million in capital grants for projects like accessibility, critical infrastructure and equipment. RAD funds also have made possible special collaborations among assets that have contributed to budget savings and audience development. Check here for the full listed of funded assets since 1995.
The District will support three grant categories in 2008: Contractual Assets—organizations selected in 1995 for 10-year funding commitments that were reauthorized for five additional years starting in 2005; Annual Assets—organizations that apply for support on an annual basis; Multi-Year—Grants with commitments for more than one year of commitments beyond the contractual asset period. In 2007, the District created the first Renaissance Grants, designed to showcase the work of assets on specific projects of value to them and the community; the first edition of these grants will begin in 2008.
2008 Final Budget: Allocation Detail
Contractual Assets
| Regional Asset | Operating Capital |
|---|---|
| Allegheny County Library Association Special grant for Formula consultant. |
$8,052,000 $30,000 |
| Allegheny County – Regional Parks
Capital grant for South park tennis court relocation; playgrounds with water features at White Oak and Round Hill, and Montour Trail connector at South Park. |
$17,000,000 $1,000,000 |
|
Carnegie Library of Pittsburgh |
$17,600,000 $600,000 |
| Carnegie Museums of Pittsburgh Capital for ADA and fireman's return updgrades to public elevators. |
$2,760,000 $108,000 |
| City of McKeesport Regional Park Capital for Ritchey Field completion, walking trail renovation, reforestation program. |
$610,800 $80,000 |
| City of Pittsburgh – Regional Parks
Capital for resurfacing tennis courts, repair and resurfacing of roads, sidewalks, steps. |
$4,702,000 $774,000 |
| The National Aviary in Pittsburgh Capital for air-handling system upgrade, scissor lift, food cooler, outdoor lighting, and emergency doors replacement. |
$1,057,800 $157,500 |
| Phipps Conservatory and Botanical Gardens Capital for Palm Court/Serpentine Room repairs. |
$2,079,600 $200,000 |
|
The Pittsburgh Zoo and PPG Aquarium |
$3,273,400 $224,000 |
| Total | $57,165,600$3,143,500 |
| Grand Total (Contractual) | $60,309,100 |
Multi-Year Assets
| Regional Asset | Operating Capital |
|---|---|
| Sports and Exhibition Authority
Regional Destination Financing Plan (Stadium) Debt Service |
$13,400,000 |
| Sports and Exhibition Authority
Mellon Arena Debt Service |
$1,000,000 |
| Grand Total (Multi-Year) | $14,400,000 |
Annual Grants
Totals
| Total: Operating Grants | $78,730,300 |
| Total: Capital Grants | $4,648,100 |
| Grand Total | $83,378,400 |
District Administration
| Administrative Budget | $589,000 |