The VMNH BOT Finance/Advancement Committee convened on November 8, 2024, to discuss financial updates and ongoing projects at the Virginia Museum of Natural History (VMNH). The meeting highlighted significant increases in admissions revenue, upcoming capital projects, and staffing changes.

The committee began by reviewing the museum's financial performance, noting a 37% increase in admissions revenue, amounting to over $30,000 for the fiscal year. This positive trend was attributed to successful events like the Buns and Boos festival, organized by the VMNH Foundation. The committee acknowledged the city’s ongoing funding efforts, with an additional $13,000 expected from them despite staffing challenges in their finance office.

In terms of grants, the museum reported receiving $56,000 in restricted grants, with another $50,000 secured for ongoing research. New partnerships with institutions such as the College of William and Mary and the University of Virginia were also discussed, indicating a promising outlook for future funding opportunities.

The committee addressed staffing updates, particularly the retirement of curator Nancy Moncrief, which has led to a delay in filling her position. The job posting is currently active, and the committee anticipates reviewing applications soon. Additionally, a recent promotion for staff member Cal was noted, which includes a 10% salary increase.

Expenses were also reviewed, with salaries trending slightly behind due to the vacancy. The committee discussed equipment maintenance costs and staff training expenses, which have increased this year to support professional development.

Moving on to capital projects, the committee expressed excitement about the Douglas renovation project, with a contract in place and work expected to commence in early spring. The Genius Adams Education Pavilion is also progressing, with the top platform completed, although delays in concrete pouring for stairs were noted.

The Waynesboro project is in the preliminary design phase, with adjustments made to meet state funding requirements. The committee is optimistic about the potential for increased funding through the proposed Early Childhood Learning Center, which aims to expand educational offerings at the museum.

Lastly, the committee discussed the implications of the Fair Labor Standards Act, which has raised the salary threshold for overtime eligibility. Plans are in place to adjust salaries for key employees to mitigate potential overtime costs.

The meeting concluded with a focus on upcoming funding requests at both state and federal levels, including efforts to secure support from Senator Kane and Senator Warner's offices. The committee remains hopeful for positive outcomes in the upcoming governor's budget announcement in December.