Grand Theatre reports 19th-consecutive operating surplus following dramatic season
The curtain has fallen on another banner year for the Grand Theatre which was not without controversy.
At the 2017-18 annual general meeting Monday evening, executive director Deb Harvey announced the theatre’s 19th consecutive operating surplus.
The $27,327 surplus brings the total accumulated surplus to $610,541.
The season was Dennis Garnhum’s second as artistic director and the first season of artistic programming.
WATCH: Cast of the Grand Theatre London’s High School Project give a sneak peek of Prom Queen: The Musical
The theatre garnered national attention after both local school boards pulled funding after Prom Queen: The Musical was chosen as the 2018 high school project.
The public board later reinstated financial support and the community rallied to raise over $75,000 to make sure the show would go on.
Ticket sales accounted for 60 per cent of revenue, contributing $4.2 million to the budget; donors and supporters generated 19 per cent, or $1,302,461. The Grand Theatre also receives government funding and support from the 2017-18 season sponsor BMO Financial Group.
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