APPENDIX A

RECREATION AND CULTURE DEPARTMENT POLICIES AND PROCEDURES MANUAL	PO 15.03
SECTION: THEATRE	DATE: 2005 12 05
SUBJECT: Theatre Endowment Fund	PAGE: 1 of 1

Purpose:

The Theatre Endowment Fund was created to fund capital improvements. The Endowment fund receives revenue from donations and accumulates interest on its balance.

Donors may specify that monies be allocated as follows:

□ Professional Entertainment Season (PES)

□ Endowment Fund

□ Split between the PES / Endowment Fund

Any donation that is given and the donor does not specify where the donation will be allocated will be split 50 / 50 to the Professional Entertainment Season budget and the remaining 50% to the Endowment Fund. Any donations received over our annual operating target will be transferred to the Endowment Fund.