Capital Improvement Plan

Capital Requirements Plan for ARTC

1. Sound Effects Library

The cost of this item will be approximately $10,000.

Time frame: as soon as we can afford it.

2. Replacement of Equipment

The value of the equipment that we use is approximately $10,000. I recommend a budget of $2,000 per year for replacement due to obsolescence or breakdown. This is equivalent to a five year replacement. A list of equipment which we use and some guesstimate of its remaining life needs to be obtained from the production staff. If we can continue to rely upon our friends for this, we might be able to put some of this money into the New Studio Item instead – but it would be imprudent to assume that this is always going to be the case.

Time Frame: Annual

3. New Studio

This item assumes that the space is to be provided by others. ARTCs contribution would be to provide sound baffling material, microphones, cabling and recording equipment. In order to make use of the space, it is envisioned that the goal is for the equipment to stay there more or less permanently and would not be incorporated into our live shows. The reason for this is that the breakdown and setup will make the studio unavailable for a week or two (or more) for each live show. Since it is unlikely that the studio will be large enough to use for live show rehearsals, there is going to be a few weeks with each live show where the studio will be unavailable for doing things like promos, v/o, FX recording etc.

Time Frame: This will depend primarily upon the availability of the space. A budget of $20,000 is recommended, with the expenditures made on a cash available basis. Priority for this needs to be set by the production staff which also needs to set up a priority list of equipment. This means that for the first several years, we will have to use the live performance equipment in the studio – which will be a serious, but unavoidable problem.