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They express fears of operating shortfalls if the museum fails to draw the projected 500 visitors a day.
As Warren Buffett puts it, "Once a company moves earnings from one period to another, operating shortfalls that occur thereafter require it to engage in further accounting manoeuvres that must be even more 'heroic'heroic
Instead, operating shortfalls were closed using a number of strategies, including cuts to administration, which will reduce expenses by $10 million by eliminating 50 positions and reducing its use of consultants, among other strategies.
Until then she is funding operating shortfalls out of her own pocket.
The report said that, despite the sale of 234,000 tickets sold to events in 2015, SCRAMP was experiencing operating shortfalls of at least $250,000 a year.
The total is not covering costs, so for years the authority has had to tap reserves and capital funds to cover operating shortfalls.
Similar(51)
The Detroit Symphony is projecting a $6.5 million operating deficit from the last season and a $3.6 million shortfall from the one before.
And if the ridership loss results in an operating shortfall?
In 2004, the operating shortfall was almost $700,000 out of a $9 million budget.
Luz hoped to make up for the operating shortfall with tax breaks.
The money would be used for Haskin's operating shortfall as well as maintaining a marine advisory program and financing a finfish dynamics program.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com