Virginia Symphony Orchestra Balances Budget for Fourth Consecutive Year

Classic Arts News   Virginia Symphony Orchestra Balances Budget for Fourth Consecutive Year
 
The Virginia Symphony Orchestra has balanced its budget for the fourth consecutive year, the orchestra announced today.

According to a statement, the fiscal year 2006 budget (through July 31) had total operating revenues of $5.9 million.

The Norfolk-based VSO also had 10 sold-out concerts; inaugurated a new series at the Ferguson Center for the Arts in Newport News, Virginia; and had record-breaking subscription sales in excess of $1 million.

Fundraising efforts brought in almost $3 million for operations, and the VSO was also awarded $100,000 in state funding by the Virginia legislature, the first such state funding since 2000. In addition, the VSO received a $70,000 grant from the National Endowment for the Arts (the largest NEA grant received to date by the VSO) to mount the Virginia Festival of American Voices choral festival next March.

Carla Johnson, CEO and president of the VSO, commented, "This fourth balanced budget indicates that the community supports the orchestra's mission in Hampton Roads [the coastal region of Virginia] to provide great concerts and musical adventures for the people of the region."


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