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Cultural Centre finances turn around

The financial situation at the Moose Jaw Cultural Centre is looking better, thanks to event revenue
mae wilson outside stock
(File photo)

Revenue from events at the Moose Jaw Cultural Centre increased 56 per cent last year to $141,386 from $90,403 in 2017.

The events cleared $23,483 – $1,512 more than the year before, according to financial statements.

Ticket sales, the largest revenue item for events, were almost double the 2017 level at $106,815 compared with $59,566.

Rental revenues amounted to $85,118, down by about $600.

The city operating grant remained at $164,507 last year, and the centre ended the year with a $4,732 surplus versus a $55,816 loss in 2017.

Most of the 2017 loss was attributed to a severance package when the manager was dismissed,

The centre increased cash on hand by one-third last year to $350,000.

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