MANITOBA Opera finished its 40th season with a small surplus and reduced its accumulated deficit to $59,000, the least it has owed since 1990.
At its annual general meeting held at the Centennial Concert Hall Tuesday night, Manitoba Opera officials reported the organization was $11,718 to the good thanks to a withdrawal of $40,000 from its first-year operating reserve fund established by a $200,000 bequest. It's the 11th time in 13 years Manitoba Opera ended its season in the black.
"Manitoba Opera's 40th season was indeed one to remember," says Larry Desrochers, MO's general director and CEO. "Artistically-speaking, our two productions were outstanding. And the bequest was a tremendous help to the organization last year and in planning for the future. We are all touched by the generosity of this anonymous donor."
Subscriptions bounced back in 2012-13 to 2,908, a 19 per cent increase, after an 18 per cent decline the previous season. Box office sales were $592,418, or 93 per cent of the budget goal.
The accumulated deficit, which stood at $654,000, or 54 per cent of assets, in 2000, has been pared to $59,000, or three per cent of company assets.
The 41st season opens in November with a wild-west version of Donizetti's comedy Don Pasquale and concludes with the Puccini classic La Boh®me next April. Single tickets go on sale Oct. 7.