San Francisco Symphony Posts Surplus

Classic Arts News   San Francisco Symphony Posts Surplus
The San Francisco Symphony reported a surplus at its annual meeting this week, the orchestra announced.

Preliminary figures released at the meeting show a surplus of $700,000 on a budget of $50 million for the 2003-04 fiscal year. The SFSO attributed the surplus to an increase in donations, strong ticket sales for summer concerts, and efforts to control expenses.

The orchestra faces a deficit for the current season, however, according to orchestra president John D. Goldman. "We celebrate our positive financial results with cautious optimism as we recognize that the years ahead, particularly this season where we are facing a significant deficit, require prudent fiscal management," Goldman said.

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