Report of the Executive Director
Submitted for the June 19, 2007 meeting of the Board of Directors and June 5, 2007 meeting of the Chorus Committee.
FINANCES
More complete financial data through end of May show us with a deficit. Spring income was not as high as required and expenses were higher than anticipated. A final FY08 budget proposal will be submitted to the Board at the June 19 meeting.
AUDIT
We are working on a letter to attach to the agreement with our selected FY08 auditor. We will be ready to go as soon as we close the books on the fiscal year some time in mid July.
FINANCIAL SECRETARY
We have moved forward on the financial secretary position. We are interviewing our possible finalist on June 19th as well as collecting information on references and a background check. We could have a hire in place on July 1st.
LOGISTICS
We opened a new 10x15 storage unit to replace our existing 10x10 property acquired eight years ago. The move was made May 12th. For the record, we occupied the previous space for almost six full years.
GRANTS AND DEVELOPMENT
All grant interviews for the year were completed on May 9th. We will receive notifications of awards for Town of Cary and United Arts Council at the end of the month. I am currently working on end of year paperwork for the past United Arts grant.
PUBLIC RELATIONS
Our last concert promotions are behind us. We are now looking forward to displays at the Festival Ritmo Latino and Cary Lazy Daze festivals in August. I will be recruiting help for those during the summer.
MEMBER RESOURCES, CDs, ETC.
(1) The picnic went very well on May 19 and we plan to repeat that in May 2008. There is a possibility of a Fall picnic in September as well. Awards were made to 36 Virtuosos for 2006-07 on May 26. This was our largest awarding to date.
(2) Inventory was taken of CDs on June 3rd. I find an unacceptably large inventory of CDs and will discuss that with the Board on the 19th.
(3) Notes on the Cary Community Arts Center. An architect was selected last month and planning is already underway for the renovation of the existing building. We expect that to be open for business in Spring 2010. Special features of note: a 350-450 seat theatre, possible rehearsal space for our Monday rehearsals, and possible rental office space.
Respectfully submitted,
David R. Lindquist
Executive Director
Updated 14 June 2007 |