JMAM board meeting
by Hawkins Teague
Jul 11, 2007 | 0 0 comments | 12 12 recommendations | email to a friend | print
Janice Mason Art Museum board members were pleased with treasurer Martha Davis’s decisions at last week’s board meeting. Davis said she had invested $28,056.21 with Edward Jones in the money market with 4.5 percent interest instead of 1.5 percent. The museum’s total in stocks is $24,786, also with Edward Jones.

Davis talked about the museum’s financial standing concerning “The Wiz” and future plays to be performed in the community. She said that $3,200 had been left in the account last year after “Suessical: The Musical” was over, and that the money had gone back into this year’s production. She said that this year’s musical would hopefully make a big enough profit that next year’s show would have an ample budget, especially since they would not be reapplying for the final SCAPP (School-Community-Arts-Parents-Partnership) grant, which would have been $1,500 in its third and final year. She said the process the team had to go through was too much for such a small amount of money.

A large portion of this year’s budget is going to pay for musicians. Four of them will be paid $500 each. Davis said that the theater would hopefully be getting a $30,000 upgrade for sound and lights soon. This hasn’t yet been approved by the Board of Education, but Davis said this summer’s $800 rental fees might be able to go toward purchase of equipment.

For the rest of this story, read this week's Cadiz Record.
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