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Fine Arts and Asian Art museums brief supervisors; Asian Art warns of fragile foundation finances
San Francisco Board of Supervisors Budget and Finance Committee · March 11, 2009
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Summary
Fine Arts Museums presented a flat budget; the Asian Art Museum described a fragile financial position with an operating shortfall and increased bond-related debt-service costs that together create pressure on foundation and city funding.
Two museum directors briefed the committee in the early afternoon.
John Buchanan, director of museums for the Fine Arts Museums of San Francisco, said the DeYoung and Palace of the Legion of Honor operate on a roughly $47 million annual budget with about one-third city support and heavy reliance on private fundraising for capital projects.…
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