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Performing arts center bookings exceed expectations; finance committee discusses capital reserve option
Summary
Finance committee members reported that a performing-arts center events coordinator covered her costs and generated positive cash flow after booking nine large events this year; committee members also discussed creating a capital reserve account to set aside funds for future capital needs.
Finance committee members told the School Committee June 18 that Lily Gardner, the district staffer who manages bookings at the Donald M. Gay Performing Arts Center, booked nine large‑scale events this school year and produced a positive cash flow that covered her position costs.
Adam Platt, reporting to the committee, said…
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