{"id":39471,"date":"2016-10-25T21:54:13","date_gmt":"2016-10-26T01:54:13","guid":{"rendered":"https:\/\/www.ludwig-van.com\/?p=39471"},"modified":"2016-10-25T21:56:53","modified_gmt":"2016-10-26T01:56:53","slug":"the-scoop-tafelmusik-enjoys-yet-another-year-in-budgetary-paradice","status":"publish","type":"post","link":"https:\/\/www.ludwig-van.com\/toronto\/2016\/10\/25\/the-scoop-tafelmusik-enjoys-yet-another-year-in-budgetary-paradice\/","title":{"rendered":"THE SCOOP | Tafelmusik Enjoys Yet Another Year In Budgetary Paradise"},"content":{"rendered":"
\"Haus
Haus Musik at 918 Bathurst, with performers from Tafelmusik Baroque Orchestra (l to r) Felix Deak, Julia Wedman, Cristina Zacharias, Tricia Ahern, and Lucas Harris. (Photo: Joshua Chong)<\/figcaption><\/figure>\n

For an arts presenter working within a niche, it’s tempting to spend a little more than you make to feel like your keeping up with the big boys. But for Toronto’s debt-free period orchestra, there is nothing like the feeling of being free and clear.<\/p>\n

Announced yesterday at Tafelmusik’s 2016 annual general meeting, they achieved an impressive 16-year balanced budget streak with an operating surplus of $107,017 on a budget of $5.4 mil. Ticket sales rose by $5,501 from last year’s $1.7 mil.<\/p>\n

“Tafelmusik\u2019s long-standing tradition of excellence in financial management continues in 2015\/16. Extensive budgeting, regular monitoring, forecasting and risk management processes are the foundation of this success, along with strong contingency planning,” said Treasurer Jeff Bennett in a press release statement.<\/p>\n

Expenses were down substantially by $272,429 from the previous year, largely due to cutting back on touring. In 2014\/15, Tafelmusik was on the road for a total of ten weeks, which included trips to New Zealand and Australia. Last year they toured for only half that time with stops in Europe, Ontario, and Western Canada.<\/p>\n

Investment income from their pool of endowment funds rose by just over $23,000, from a total of $250,000 for the 2015\/16 fiscal year. Tafelmusik’s rainy day fund remained steady at $402,100.<\/p>\n

Despite a press release calling it a “record-breaking” year, the numbers show a flat year of growth for Tafelmusik, who remain remarkably stable despite new programming initiatives such as the launch of a new late night series Haus Musik, and a new multimedia concert creation by Alison Mackay, and a recording of Beethoven\u2019s 9th Symphony. It is no small feat in today’s storied waters of arts sector turmoil where excessive debt and rising productions cost have become all too common.<\/p>\n

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Tafelmusik’s announces an impressive 16-year balanced budget streak in 2016 annual report.<\/p>\n","protected":false},"author":7,"featured_media":36808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false},"categories":[5723,39],"tags":[6442,3223],"yst_prominent_words":[],"acf":[],"jetpack_featured_media_url":"https:\/\/www.ludwig-van.com\/toronto\/wp-content\/uploads\/sites\/2\/2016\/05\/Haus-Musik-May-10_Photo-by-Joshua-Chong_20160510-1-7.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9bakr-agD","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/39471"}],"collection":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/comments?post=39471"}],"version-history":[{"count":3,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/39471\/revisions"}],"predecessor-version":[{"id":39474,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/39471\/revisions\/39474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/media\/36808"}],"wp:attachment":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/media?parent=39471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/categories?post=39471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/tags?post=39471"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/yst_prominent_words?post=39471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}