This is the quick view of the Pavilion’s Finances;
Washington Pavilion Finances 2009
The attached sheet is the consolidated Statement of Activities for the 2009 operating fund which is also reflected in the annual audit. The net revenue over expense was a negative $434,500.
Key points
On the revenue side it shows a 16% increase in individual donations . Actual donations were $248,148 compared to $214,303 in 2008 – a definite bright spot in the report.
Our business contributions (Contributions – Business) fell $66,000 or 15% from 2008 to 2009 tracking with the general economic instability that started in the fourth quarter 2008. This business effect was exacerbated with the effects in the decline in Facility Rentals and Sale of Services which declined $136,000 or 21%. Café revenues also decreased by about $68,000.
Admissions and Ticket Sales Revenue was up over $184,000 from what was budgeted because of bookings of additional shows. Unfortunately, you’ll see the offsetting budget variances in Promotion and Marketing and Program Expense which increased by $425,000.
Here is some other overviews; OF and FS
The city was also in the hole in May.
I don’t know why your so negative. If we had that fancy events center it would make 2 million profit it’s first week in operation, so don’t even think this is close to what our dream is!!!
LMAO.
Obviously, the only way the city knows how to make money is if they scan and print it on an inkjet printer in the city finance department.
It takes a 22 page financial report (hole in May, above) for the city to say ‘we’re broke and then some’.
In all fairness, this is not Huether’s fault. It was Munson filling his swiss bank accounts before he was term expired (aka fired for high crimes and treason).