Orlando Philharmonic Reports 12th Consecutive Balanced Budget

Classic Arts News   Orlando Philharmonic Reports 12th Consecutive Balanced Budget
The Orlando Philharmonic posted a small surplus in 2004-05, the orchestra announced yesterday.

The Philharmonic has finished every season in the black since its founding 12 years ago, ven while doubling its budget, to $2.6 million, over the last five years.

According to a statement, the most recent surplus is attributable to higher contributions from corporate sponsors and individual donors, as well as increased revenue from contracted "orchestra-for-hire" engagements.

"After a difficult start to the season, post-hurricane [Charley], the finance committee of the board of directors made early and proactive decisions about reducing expenses while waiting for sales to rebound," executive director David Schillhammer said in a statement. " An already small staff redoubled its efforts, following personnel reduction. In short, it was a total team effort."

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