The Ontario Association of Art Galleries presents:
Financing for the Arts: Workshop
Tuesday February 1 & 2, 2005
10:00am - 5:00pm
Burlington Art Centre
1333 Lakeshore Road, Burlington
Registration: OAAG Member $230, General $285
Registration fee includes a copy of “Finance for the Arts in Canada”
Financing for the Arts is a two-day workshop that will provide emerging to
mid-career arts administrators with an introduction to bookkeeping, accounting,
funding, and financial principles. It can be used as a learning tool for senior
staff members to brush up on best practices and financial management with an
emphasis on budgeting.
An information session with Carolyn Vesely, Visual & Media Arts Officer at the
Ontario Arts Council will accompany the second day. She will be presenting
step-by-step instructions on creating the ideal grant budget.
Leaning Objectives:
Prepare and Analyze Financial Statements
Recognize Generally Accepted Accounting Principles
Acquire Budgeting Tools
Roles and Responsibilities
Organizing Grant Budgets
Project Budgets: Identify Direct & Indirect Costs
Financial Planning Cycle: Organizing the fiscal
Managing Cash Flow
Presenter’s Bio: Bio – Heather Clara Young
Heather Clara Young has worked in the field of arts management for close to
twenty years. Her experience includes leadership roles with a variety of arts
service organizations, theatre and dance producing companies, facilities,
festivals and community organizations, in both professional and volunteer
capacities.
Her company, Young Associates, founded in 1992, provides consulting, financial
management and bookkeeping services to both not-for-profit and commercial arts
and cultural organizations.
Heather teaches accounting and financial management to diploma and continuing
education students in Humber College’s Arts Administration programs. Heather
was a 2004 recipient of Humber College’s Continuing Education Award of
Excellence for Outstanding Academic Contribution.
Itinerary: DAY 1
The Accounting Cycle
Financial Statements
Statement of Operations / Income Statement
Statement of Financial Position / Balance Sheet
Reading your statements: What are the key elements
How the statements are compiled from your books
Budgeting
Standard Format
Types of Budgets
Roles, Responsibilities & Timelines
Budgeting Tools: research & information
Internal & external influences
Tips & Techniques
Project Budgets
Direct & Indirect
Hard & Soft Costs
How to apply to budget preparation & revision
DAY
Heather Young available for one on one consultation
Grant Budgets
Carolyn Vesely, Visual & Media Arts Officer, Ontario Arts Council
The ideal grant application
Trouble-shooting
Curators Tour: Aubin & Benner: Endangered Species
Jonathan Smith, Curator of Collection, Burlington Art Centre
Financial Planning Cycle
Annual planning agenda
Roles & Responsibilities: Board & Staff
Optimize planning & control functions
Ratio Analysis
Revenue & Expenses
Calculating ratios
Using ratios to support budgeting & reporting
Interpreting Ratios: Extenuating Factors
Cash Flow: Case Study
For more information or to register please contact Suzanne Carte-Blanchenot at
416-598-0714 or [log in to unmask]
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