Charlotte Symphony: Now Musicians and Budget are in Black
The Charlotte Symphony will likely announce a balanced budget for the 2006-07 season soon, but the good news comes with a footnote. In order to cover its costs, the orchestra borrowed $700,000 from its endowment fund, with the intention of repaying the money once an ongoing $83m endowment drive is complete.
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Comments
The news does not sound good for the Charlotte Symphony when they had to borrow $700,000 to cover costs for 2006/2007. I'm not a financial expert, but I would recommend they work to cut their $8 million budget by $700,000 for 2007/2008.
I think the Charlotte Symphony needs to climb outside its box and look at interesting ways to generate interest. In another city, their symphony held a Mozart Marathon, and played the entire works of Mozart. That seemed to generate a lot of interestin that city. I certainly enjoyed it.
Posted by: Frank Burns | September 4, 2007 3:20 PM
Along those lines, a recent article about the Phoenix Symphony describes how the orchestra, with its new music director, is becoming "one of the most innovative in the country...running in the black. And part of the reason, says symphony President Maryellen Gleason, is the organization's commitment to trying new things."
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Posted by: Jennifer Foster | September 5, 2007 11:45 AM