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]