The Ohio-based ProMusica Chamber Orchestra, the Virginia Symphony, and the Winnipeg Symphony Orchestra have each announced balanced budgets for 2011-12. The ProMusica Chamber Orchestra in central Ohio announced that it has balanced its annual budget, overcoming a projected $30,000 shortfall in the final weeks of its fiscal year ended June 30. The 34-member ProMusica, under Executive Director Janet Chen and Music Director Timothy Russell, is in its 34th season and performs at the Southern Theatre and Pontifical College Josephinum in Columbus. With a strong commitment to new and contemporary repertoire, ProMusica has commissioned more than 50 new works and presented more than 100 premieres. The Virginia Symphony, led by President and Executive Director Eric Borenstein and Music Director JoAnn Falletta, balanced its budget for the third consecutive year for the fiscal year ended June 30. Borenstein said in a statement that the results were part of an “ongoing board-approved financial plan that requires us to generate operating surpluses for the forseeable future in order to return the VSO to a strong financial footing,” and that any surplus generated will be used to reduce the orchestra’s debt. In Canada, the Winnipeg Symphony Orchestra announced an operating surplus of just over $22,000 for the fiscal year ended May 31. Among the highlights during Winnipeg’s season just ended were the launch of the Sistema Winnipeg music-education program, a four-year contract extension for Music Director Andrew Mickelthwaite, a four-day Indigenous Festival and the annual New Music Festival, and being selected to participate in the 2014 Spring for Music Festival at Carnegie Hall.
Posted July 19, 2012
