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Operating_Budget_22-23.pdf <br />Operating_Budget_23-24.pdf <br />VOICES_990_FY_21-22.pdf <br />Deficit/Surplus VOICES is grateful to have had only a minor deficit of $899 for its most <br />recently completed fiscal year <br />ending on July 31, 2022. COVID, of course, greatly affected both concert <br />income and income from <br />membership from early 2020 onwards. In addition, expenses were <br />particularly high for us in spring <br />2022. VOICES paid Dr. Coleman $10,000 for our 40th anniversary <br />commissioned piece, paid <br />approximately $5,000 extra to rent premium concert space (UNC's <br />Memorial Hall), hired extra <br />supporting musicians and also increased advertising to promote the <br />concert. To address this challenge, <br />the Board made a concerted effort to seek additional grant income and <br />individual donations and we <br />were largely successful in these efforts. <br />Our expenses in this current FY22-23, and projected for FY23-24, are <br />more typical of the usual “run <br />rate” for VOICES. W e expect the final yearend numbers for this fiscal year <br />to be a small surplus. In the <br />current fiscal year, once again we have benefited from significant grant <br />income as we continue to <br />rebuild our membership levels after COVID. Ticket sales have well <br />exceeded our conservative budget. <br />W e also had two successful fundraisers this year. However, we have had <br />significantly less individual <br />contributions than budget because our most generous donor has left the <br />community. Concert hall <br />rental rates have also risen. If we do have a surplus, we will apply it to <br />replenish our operating funds. <br />W e will continue to work to rebuild both our membership and audiences and <br />develop new strategies <br />and sponsorships to enhance private funding for VOICES. There are also <br />ways to manage our expenses <br />to some degree, based on the choice of performance space and the <br />number of supporting musicians <br />that we can hire for our performances, to continue our long record of <br />prudent financial management. <br />Are you an entity of <br />UNC-Chapel Hill or <br />another unit of state <br />government? <br />No <br />PROJECT/PROGRAM <br />INFORMATION <br />Tell us about your project or program <br />Title of Grant <br />Request <br />Salary Support for Artistic Director, Accompanist, and/or Local Musicians <br />hired for concerts <br />DocuSign Envelope ID: A1431915-7C4E-420D-8962-502090AC2D53