Executive Director's Report
- FY18 Budget: With input from the finance committee, singers, and staff, we are building a balanced and realistic budget for the upcoming fiscal year, and I look forward to discussing its primary components with you on Monday.
- Cash flow: Our cash situation will be tight in mid/late September, but should rebound by mid October with a Sweet Honey box office settlement from Orchestra Hall, payment from our Taiwan presenter, and the lead-up of single-ticket sales for the fall series. As of 6.22.17:
- June 16-30: $6,192
- July 1-15: $33,255
- July 16-31: $34,243
- Aug. 1-15: $44,418
- Aug. 16-31: $14,746
- Sept. 1-15: $13,544
- Sept. 16-30: ($5,257)
- Oct. 1-15: $394
- Oct. 16-31: $33,782
- Grants: As you know, Cantus will receive a $20,000 grant from the National Endowment for the Arts. Within the next month, I will be submitting applications for renewed support from the NEA, as well as for touring support from the Minnesota State Arts Board.
- Major Gifts: Karen Koentopf has very generously pledged $15,000 to Cantus to support singers’ salaries. This will include $7,500 in early July and $7,500 in March 2018.
- Consultant: David Stamps, a consultant with the Center for Organizational Development, will be working with Joey and me on strategies to expand our individual giving program. This support is available to us free of charge as a grantee of the Athwin Foundation.
HR and Administration
- Search for a new engagement associate: We received materials from nearly 30 applicants, and we selected five compelling candidates for first-round interview this week and next with Joey and me. Finalists will interview in early/mid July with the Artistic Council, as well as with Joey and me again. We expect to reach a decision by mid July in hopes he or she can start by the end of that month.
- In coordination with an employment lawyer who volunteered her help, Cantus has developed an HR policy to comply with Minneapolis’ new “Sick and Safe Time” ordinance that takes effect on July 1.