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Q&A
BOOM conference funding and costs
1:39:10
·
130 sec
Council Member Hudson inquires about the funding and costs associated with NYC Aging's BOOM conference. Key points include:
- The preliminary plan includes an additional $41,830 in city funding for FY2025 for conference costs
- This funding represents fees collected from conference participants
- The total cost of the BOOM conference was approximately $60,000
- The $41,830 in the budget represents revenue from participant fees, which is being allocated to cover conference expenses
- Approximately 66% of the conference's cost was covered by fees collected from attendees
- The largest cost for the conference was the rental of the facility
Crystal Hudson
1:39:10
Okay.
1:39:10
BOOM conference, new need.
1:39:12
The preliminary plan includes an additional $41,830 in city funding in fiscal twenty twenty five only for costs associated with NYC Aging's annual BOOM conference.
1:39:23
What is this funding for?
1:39:41
You said attendees pay
1:39:57
And you're saying the fees did not cover that cost, and so this is to supplement that Right.
1:40:05
The $41,830
1:40:08
Okay.
1:40:09
So you're just moving
1:40:12
The money's
1:40:14
Sorry?
1:40:16
Right.
1:40:18
Copy.
1:40:19
Okay.
1:40:19
Thank you.
1:40:20
What was the full cost of the BOOM conference?
1:40:24
Thousand.
1:40:37
Okay.
1:40:38
So then my next question is already answered, which is how much of the conference's cost was covered by fees collected from attendees?
1:40:43
Do you have a percentage?
1:40:44
What is that, like 80% or something, Roughly?
1:40:50
You're the math guy, so
1:40:56
I'm looking at the numbers.
1:41:02
You tell me.
1:41:05
She's saying 60%.
1:41:06
Sixty.
1:41:16
Sixty six %.
1:41:18
Gonna get my calculator.
Jose Mercado
1:39:28
So it was so this is basically the fees that participants paid for.
1:39:32
So it basically covered the rental of the site and any expenses associated with the conference.
1:39:44
the Yeah, they pay the fee depending on was a sliding scale.
1:39:47
First come, first served get a discount, and the rest basically was another fee.
1:40:01
So, no, actually that's the cash that came in for those fees that we put in the budget to pay.
1:40:07
Yeah.
1:40:11
So it's revenue coming in
1:40:12
the budget to actually make a payment.
1:40:15
It's revenue coming in
1:40:17
But in the budget to make payment.
1:40:48
Roughly, yeah.
1:40:49
I can do the math right now.
1:40:51
Yeah, but that's what the commissioner told me that day.
1:40:53
So I'm good with spreadsheets.
1:40:54
It doesn't go into my head.
Lorraine Cortés-Vázquez
1:39:50
The cost for the conference, the largest cost is the rental of the facility.
1:40:59
Only from 60%.
1:41:07
Sixty from 40?
1:41:08
No.
1:41:08
No.
1:41:10
40 60,000 was the total cost and 41,000 was revenue.
1:41:15
Well 66%.
1:41:18
Yeah, calculator was close.
Crystal Hudson
1:40:58
You're saying 60%?