San Francisco Symphony Reports $2.25 Million Deficit

Classic Arts News   San Francisco Symphony Reports $2.25 Million Deficit
 
The San Francisco Symphony posted a deficit of $2.25 million for the 2004-05 season, the San Francisco Chronicle reports.

The orchestra's total budget was $56.1 million.

Executive director Brent Assink told the paper that the deficit was the result of slower rates of growth of revenue from ticket sales and fundraising, as well as a decrease in income from the orchestra's endowment.

The SFS posted a surplus a year ago, but said at the time that it expected to come up short for 2004-05. According to the Chronicle, the orchestra expects another deficit in 2005-06 followed by a balanced budget in 2006-07. Classical Music


Recommended Reading: