San Diego Opera Was Nowhere Near Financial Collapse Last Season, Audit Shows

The company’s previous board and general director abruptly tried to shut down the company last spring, claiming that there was not money or local interest enough to keep it going. But the audited financial statements for that season show an operating deficit of $52,067 on operating expenses of $15.9 million – roughly one-sixth the deficit of the previous season.

source ArtsJournal http://ift.tt/1FRwlNu

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