Aug 22, 2012
Manitoba Opera Posts Surplus for 2011/2012 Season Despite Shortfalls in Box Office and Fundraising
Manitoba Opera announced yesterday evening at its Annual General Meeting (AGM), held at the Centennial Concert Hall in Winnipeg, that the company posted a surplus of $40,852 on an operating budget of $1,576,247 for the year ending May 31, 2012.
The surplus was possible as the result of cost cutting and a significant bequest that offset a shortfall in ticket and fundraising revenues. This marks the 10th time in the last 12 seasons that Manitoba Opera has ended the season in the black.
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