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

2. 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.

8. 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

9. 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