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.