Board of Trustees Meeting February 3, 2009 Spokane Symphony Board of Trustees Meeting February 3, 2009

BACKGROUND September 26, 2006 – A five year budget was approved by the board as part of the negotiation of the current Master Agreement with musicians. So far, we have hit all the major goals and achieved balanced budgets. The FY09 budget included largest growth in orchestra pay and services. The original budget built in these expense assumptions as well as increased ticket revenue from additional inventory at Fox, as well as increased contributions. It also included expense reductions such as travel, conferences, etc. Traditionally, SSO operates with very good cost control – a lean operation. The current economy has had impact on orchestras around the country, including Spokane, making it difficult to meet initial FY09 budget numbers.

Current Projected Deficit of $153,759 Assumptions Year-End Projections include the following assumptions: Earned Revenue Line 3) Subscription numbers reflect current reality Line 4) Single Tickets projected are based upon reality of current trends * Includes $3,000 from Costco sales Line 8) Specials – 4 events (Galway, Pink Martini, Disney, Brandi Carlile) $210,000 * Supported by additional revenue from 2nd performance of Cirque Contributed Line 16) Individuals – Campaign plans include additional contributions from mailings, Pops seating opportunity, matching campaign, outstanding major donors and other planned campaigns Line 17) Corporate – Additional $20K from Task Force efforts Line 18) Special – Hampson/Daugherty Fundraising Dinner $20K Line 19) Sponsorships - Recording Sponsor Line 25) SSA Increased by $20K – Success of CTE Expenses Reductions Expenses reduced as per current trends Additional $12K Nutcracker Set-up reimbursement coming from Alberta Ballet Includes recording costs for Daugherty/Hampson Concert Current Projected Deficit of $153,759

Opportunities Opportunities to address this Deficit through additional revenue: Options Benefit Concert(s) – May/June Corporate Task Force – If original goal met, another SSA/SSO Additional Event Stage Ask at Hampson Concert Special Sponsorships (Disney, Pink Martini, other) Matching Campaign - additional ** Other Options Discussed: Angel or Cuts How You Can Help Buy tickets Serve on Task Force Plan/Attend Event Give/Help Collect Identify/Secure Give/Ask/Identify Amount $50K $30K $20K $10K $15K $ 145K Total towards the $153,759 deficit