The Board of the Arkansas Arts Center is still struggling with its budget in the aftermath of an Egyptian exhibit that didn’t meet financial expectations. Leslie Newell Peacock reports on the board’s meeting today, which included a difference of opinion on coming revenues:
The board adopted an interim budget for the 2011 fiscal year, one that will require a review in 60 days to see if income is meeting projections.
At the end of the 60 days, board treasure Mary Ellen Vangilder said Tuesday during a telephone meeting, the Arts Center should have realized one-sixth of its projected development income. If not, she said, “drastic” measures will be required.