Board members are satisfied because the nonprofit theatre they are overseeing has reported back-to-back surpluses in the previous two years, making a serious effort to reduce its long-term debt. Every month, the CEO and CFO meet with the finance committee, which includes four members with solid accounting and finance backgrounds. Numbers for the 2013-14 fiscal year are audited, and, as in previous years, no red flags are raised. The city,
Board Accountability and Oversight, Financial Management
You’ve got a Deficit! Accounting Lands Theater in a Mass of Unexpected Trouble
