Staff reported the museum’s revenues were at roughly 83% of projections as of March 31, and that the organization remains cautiously optimistic about finishing the fiscal year in the black despite several expense pressures.

A staff presenter identified admissions as below projections and said the museum has partly offset that with corporate and foundation support, including participation in the Museums for All program. The presenter said revenues would be closer to plan after accounting for those offsets and other restricted funds.

Utility costs were a primary concern. The presenter said two successive city rate increases and a set of equipment failures contributed to elevated energy usage. A previous energy-savings project left many original variable-frequency drive units in place; some failed and were replaced, and the museum plans to use maintenance reserves to replace the remaining units. Staff also said a modem used by the on-site monitoring contractor, Siemens, was defective; Siemens has since replaced the modem and staff said they were pursuing accountability on the vendor’s monitoring role.

To mitigate risk, the presenter said staff will review every purchase order more closely, delay nonessential spending, and implement a monthly bill-tracking spreadsheet to compare usage year over year. The presenter estimated the museum was at about 75% of budget three quarters of the way through the year after expense adjustments.

Separately, staff proposed a package of fee changes intended to generate modest additional revenue while keeping the museum accessible. Proposed changes include raising general adult and child admissions and a larger increase for festival admissions; Museums for All discounts would continue to apply. The board discussed phasing: summer camps already paid would remain at old rates through August, and most membership price changes would take effect July 1, 2026, to avoid reprinting materials and disruption to planned events.

Staff noted pending personnel cost actions in the proposed 2026 budget, including a roughly 3% staff raise in July and a possible 1% bonus on the June 16 payroll, subject to confirmation. Staff also reported recent promotions and hires intended to improve educator retention, and said the proposed budget will be an action item at the trustees meeting.

Committee members asked staff to confirm the timing of any state bonuses and to present the detailed budget and any supporting documentation at the trustees meeting.