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Home My WebLink AboutCCBM Presentation 8.27.26SBVPA Venues & Promotion Division Civic Center Board of Managers August 27, 2026 Agenda YTD Financial Performance Booking & Events Challenges & Goals Action Item Request: Amend MPAC Master Contract Template YTD Financial Performance Report M O R R I S P E R F O R M I N G A R T S C E N T E R · F U N D 6 0 2 Morris Operating Q2 2026 · Through June 30, 2026 R E V E N U E Y T D $720,946 E X P E N S E Y T D $828,538 O P E R A T I N G N E T -$107,592 Q1 -$68,982 · Q2 -$38,610 B U D G E T P A C I N G Revenue $720,946 of $2,158,400 33% Expense $828,538 of $2,106,503 39% B I G G E S T V A R I A N C E S R EV ENU E Other Services +$201,589 Historic Preservation Fee -$208,275 EXPE NS E Building R&M -$46,120 Promotional / Advertising -$27,001 Morris Operating Reserve (cash balance) — as of June 30, 2026 $459,244.60 67% of Q1-Q2 Forecast 79% of Q1-Q2 Forecast C E N T U R Y C E N T E R · F U N D 6 7 1 — C A P I T A L Century Center Capital Q2 2026 · Through June 30, 2026 R E V E N U E Y T D $434,072 E X P E N S E Y T D $226,677 E N C U M B E R E D $439,304 Committed, not yet spent B U D G E T P A C I N G Revenue $434,072 of $820,467 53% Expense $226,677 of $1,362,730 17% B I G G E S T V A R I A N C E S R EV ENU E Interest Earnings +$23,839 EXPE NS E Building Improvements -$589,635 Other Equipment +$135,740 The Reserve (cash balance) — as of June 30, 2026 $1,745,336.44 106% of Q1-Q2 Forecast 33% of Q1-Q2 Forecast P A L A I S R O Y A L E · F U N D 2 2 1 Palais Royale Operating Q2 2026 · Through June 30, 2026 R E V E N U E Y T D $88,630 94% of Q1-Q2 Forecast E X P E N S E Y T D $71,166 O P E R A T I N G N E T +$17,465 Q1 +$17,730 · Q2 -$265 B U D G E T P A C I N G Revenue $88,630 of $188,568 47% Expense $71,166 of $215,675 33% B I G G E S T V A R I A N C E S R EV ENU E Catering Sales +$5,123 Other Services -$8,660 EXPE NS E Building R&M -$27,861 Natural Gas +$8,203 Navarre / MPAC Joint Licensing Fund balance $58,945.00 66% of Q1-Q2 Forecast MPAC Booking & Events Morris Booking & Event Updates Theatre Rentals, Co-Pros, & Self-Promotes The numbers below represent estimated mid-year projections for revenue generating events in the theatre managed by the Morris team. 2026 Rentals = 55 2026 Co-Pros = 5 2026 Self-Promotes = 19 Industry Trends & Research Fan demand - $300+ bucket list concert vs. $45 entertainment Experience driven - “Bang for your buck” K-Shaped Economy CNBC “Blue Dot Fever” 5/2/3/26 (www.cnbc.com/2026/05/23/concert-ticket-prices-live-music-demand.html) Pollstar “Why Ticket Prices Won’t Drop” 4/30/26 (news.pollstar.com/2026/04/30/why-concert-ticket-prices-wont-drop-if-live-nation-and-ticketmaster-are-split-up/) Luminate 2026 Midyear Report: Trend in Music, Television & Film 7/15/26 (https://luminatedata.com/blog/luminate-2026-midyear-report-trends-in-music-television-film) Morris Booking & Event Updates New Booking Strategies Increasing # of self-promotes & co-pros Producing in-house Experienced-based entertainment Exploring extended agreements with new promoters Morris Booking & Event Updates Looking Ahead... Morris Volunteer Usher Program The future of the Broadway Contract expires 1/1/2029 IATSE Local 187 Stage Union Contract expires 6/30/2027 Future Focuses… 1.American Theatre Guild (Broadway Promoter) 2.Decrease in Ticket Sales 3.Increasing the Morris Reserve ($480K) Goal: Close the Gap! Upcoming Experiences Murder at the Morris Fundraising Gala Sept 10 $20,000 Dynasty Sports Film Festival Oct 22-25 $35,000 The Grinch Tech Week Oct 29-Nov 5 $25,000 Taste & Tunes Oct 2 $20,000 The Grinch Nov 6 $15,000 The Nutcracker Dec 7-13 $50,000 = Add On $$ = Conservative Revenue Projections COSB Staff Morris Experience Benefit Policy Historically Today Action Item Request Managed by Morris Ticketing Team Not Digital Tickets negotiated per show Discontinued until further notice COSB collaboration to improve processes Update “House Seat” clause Incorporated in COSB Handbook Transition to a digital process Approval to amend the new “House Seat” clause in the Master Show Contract template THANK YOU! 2027 Budget Proposals MO RRIS PER FOR M ING A RTS C E N T E R · F UND 60 2 MPAC — 2027 Budget Proposal REVENUE $1,883,827 EXPENSE $1,866,693 OPERATING NET $17,134 A D J U S T M E N T S S A L A R Y & W A G E S P E R M A N E N T P A R T T I M E R E P A I R & M A I N T E N A N C E C L E A N I N G S U P P L I E S P R O M O T I O N S T R A V E L & E D U C A T I O N S U B S C R I P T I O N S Stop Start Continue Have open box office hours Monday- Thursday supported by 3 part-time box office staff Operate the limited box office hours with PT Ushers and FT Ticketing Staff Offer limited box office hours on during show nights only (mostly Fridays & Saturdays). This will include 2 hours before show time and during intermission. Operate box office phone service with PT box office staff Opt into ETix’s phone service Reduce or eliminate ticket fees for ticket kiosk purchases Offer staff support for patrons using the ticket kiosk Executing exceptional customer service to patrons whether online, in-person, at the ticket kiosk, or on the phone. MPAC 2027 Box Office and Ticket Purchasing Stop, Start, Continue Palais Royale — 2027 Budget Proposal REVENUE $202,402 EXPENSE $206,425 OPERATING NET -$4,050 P AL A I S RO YAL E · F U ND 2 2 1 A D J U S T M E N T S B U I L D I N G M A T E R I A L S C L E A N I N G S U P P L I E S THANK YOU!