Dance Victoria Gains a Solid Financial Footing in 2017/18: Annual General Meeting

At Dance Victoria’s Annual General Meeting on Sunday, November 4, 2018, both Board President Susan K.E. Howard and Executive Producer Stephen White explained that Dance Victoria’s 21st season will be remembered as the year it continued to solidify its financial position.

The fiscal year ending June 30, 2018 concluded with a surplus in operations allowing the Society to pay off its accumulated debt. The Board of Directors elected to hold in reserve a $32,000 bequest from the estate of dear friend and Dance Victoria supporter, Betty Wilkinson, leaving it with an accumulated surplus, after paying down the debt, of just over $11,000.

2017/18 was another extraordinary year for Dance Victoria with Box Office revenue (net of service charges) totalling $903,152 (49% of total revenue) compared with $754,802 in 2016/17. Dance Victoria presented six companies at the Royal Theatre. The season opened with Aspen Santa Fe Ballet, followed by Alberta Ballet’s The Nutcracker accompanied by the Victoria Symphony. In the New Year, an ODC Dance (San Francisco) double bill preceded Britain’s Company Wayne McGregor. The season concluded with Ballet Hispánico. The Dance at the Royal series included 12 performances with a total audience of about 13,000. A special presentation of Alvin Ailey added 1,376 ticket buyers to the season.

Other revenues included private sector at 25%; revenue earned at Dance Victoria Studios 10%; and public sector support at 16%.

Full Media Release Available here

Contact the Dance Victoria office by clicking here if you would like a copy of the financial statements, President’s Report or the Executive Producer’s Report.