Arts Center panel proposes $6 million budget | Rock Candy

Wednesday, June 6, 2012

Arts Center panel proposes $6 million budget

Posted By on Wed, Jun 6, 2012 at 8:53 PM

The finance committee of the Arkansas Arts Center today discussed a proposed $6 million budget for its fiscal year starting July 1, which is about $1 million more than last year's budget. The budget goes to the full board at noon Monday.

Arts Center deputy director of operations Laine Harber and committee head Mary Elllen Vandgilder went over with committee members their reasoning for the increase: They expect increased revenues from Tabriz, museum school tuition, ticket sales to the 2013 exhibition of works by Rembrandt, Gainesborough, Van Dyck and other important artists from Kenwood House, England, and grant and development revenues.

In a press release, Arts Center Director Todd Herman said the standard operating portion of the budget is $5.2 million; the remaining dollars are considered special revenue.

Still, the budget is ambitious. The Arts Center's fund-raising in 2012 missed its budget by around $500,000, Harber said. It's been a bad time for arts institutions the nation over, and the bad economy hit the Arts Center when it was down, thanks to a failed promised gift and unexpected spending related to its "World of the Pharaohs" exhibition.

The Arts Center's cash situation is vastly improved over April projections, Harber said, thanks to unexpected gifts and its ability to put off certain exhibition expenses until the 2013 budget. Once expected to be around $350,000, it not looks like it will be about $40,000, and even that could be zeroed out by putting off payables until 2013.

Tags: ,

From the ArkTimes store

Favorite

Comments

Subscribe to this thread:

Add a comment

More by Leslie Newell Peacock

  • Alley parties returning downtown

    The Downtown Little Rock Partnership will host its first Alley Party of the fall at 5:30 p.m. Thursday, Sept. 21, at 409 Main St., in the open lot between the Little Rock Technology Park and KATV. Arkansas Rice Depot and the tech park are sponsors; the Buh Jones band will perform and Stone’s Throw Brewing will serve craft beer and wine. Things will wrap up around 8:30 p.m. The Alley Parties are a project of the partnership to promote life downtown.
    • Sep 14, 2017
  • For pop-up tacos, visit Viva Vegan

    Viva Vegan is now serving its tacos, nachos and Strawberry Cheezecake from 5 p.m. to 8:30 p.m. Fridays from an order window at the in-the-works brick and mortar restaurant it will lease at 4601 W. 12th St., on the corner of 12th and Adams streets.
    • Sep 14, 2017
  • Make way for dumplings: Three Fold sets Main Street opening

    Dumpling and noodle maven Lisa Zhang said last week that her Three Fold Noodles and Dumpling Co. will open in bigger digs at 615 Main St. on Monday, Sept. 25. Three Fold will grow 1.5-fold, from 80 seats at its 215 Center St. location to 120 seats on Main and will offer something new: breakfast, featuring bao, steamed and filled buns. Residents of the AR Democrat Lofts, with which the restaurant shares the building, along with Three Fold’s many fans, should be thrilled.
    • Sep 14, 2017
  • More »

Readers also liked…

Most Shared

Most Viewed

  • Janet Jackson at Verizon Arena: A Review

    Her dance abilities had clearly diminished, as they naturally would over two decades. I mean, she's 50. And has a newborn. I get it, but it's like they're grasping at recreating 20 year-old Janet instead of focusing on what makes 50 year-old Janet amazing, and I’d be lying if I said I wasn’t terribly disappointed.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation