Author: Kemen, Lynne M.

Publication Year: 1979

Media Type: Report

Summary:

In the past, documentation and comparison of theatres' budgets and financial situations have been confined to theatres with budgets greater than about a half million dollars. Many of the OOBA theatres operate on considerably smaller budgets than those analyzed in the Theatre Communications Group survey or similar reports.

Abstract:

In the past, documentation and comparison of theatres' budgets and financial situations have been confined to theatres with budgets greater than about a half million dollars. Many of the OOBA theatres operate on considerably smaller budgets than those analyzed in the Theatre Communications Group survey or similar reports. To fill this gap in information concerning the financial situation of its members, OOBA is now interested in consolidating financial data from its members to be able to provide the information frequently requested about the Off Off Broadway arena. However, the same lack of a universal theatre record-keeping system that has long plagued arts administrators of all size institutions also inhibits this reporting effort. Consolidated financial data will improve the information available concerning smaller theatres and will aid the theatres as they begin to create a workable financial record-keeping system.OOBA is issuing this monograph to help guide its members toward improving their financial reporting and, at the same time, to help them respond to requests for information about the economic situation of Off Off Broadway theatre. (p. 1, 2)

CONTENTS
A brief history of funding.
The current status of funding.
OOBA and its constituents.
Comments on documentation.
The context of documentation.
Administration.
Audience development.
Fund-raising/development.
Production.
Specifics.
Setting up the system.
Establish a chart of accounts.
Using the chart of accounts.
Cash disbursement journal, general ledger.
Paying bills.
Petty cash.
Cash receipts journal.
Bank reconciliation.
Accrual.
Monthly statements.
Year end allocation of administrative costs.

Arts & Intersections:

Categories: Financial Management