Owensboro Symphony makes cuts to balance budget

Posted on: April 21, 2010

In Saturday’s (4/17) Messenger-Inquirer (Owensboro, Kentucky), Beth Wilberding writes, “Owensboro Symphony Orchestra officials have cut programs and staff salaries and benefits to help keep the organization financially stable. OSO representatives spent about an hour discussing the organization’s programming and finances with the Cultural Organization Review Panel at a meeting Friday morning in City Hall. … The OSO has little debt, and though it earlier predicted a $20,000 deficit for this year’s budget, the organization will end its year in the black. The OSO has about $225,000 in cash reserves. The organization received more money from the state than anticipated, said Bill Price, executive director of the symphony. The OSO received $27,400 from the state and was expecting about $15,000. The group also received $18,633 from stimulus funds. The OSO’s staff took a 10 percent salary and benefits cut, and the operating budget was cut by 10 percent. … Like other arts agencies, the OSO has seen a decline in some donations and has lost sponsors for some events. The OSO has cut a few concerts from its schedule because it lost sponsors for them.”

Posted April 21, 2010