"Financial Management In Cultural Organizations", January 20-29, 1997
with  Pauline Thompson, chartered accountant and Managing
Director, Operations,  Science World
offered through Cultural Resource Management, University of Victoria

The following is an outline summary for our upcoming course
which takes a dynamic approach to what can be a complex and daunting
subject. Hope you can join us for this session, as it provides an
invaluable foundation for many  aspects of museum and heritage work.

Draft Course Outline Summary
~~~~~~~~~~~~~~~~~~~~~~~~~~
January 20  Nature Of Non-Profit Arts And Cultural Organizations /
Accountability
- Legal procedures
- Strategic and operational planning
- The Business Plan - Setting goals, long range planning, leadership,
board development, mission statements

January 21  Micro-Computer Applications / Financial Management Cycles
- Tools - computer applications (spreadsheets, databases, accounting
systems, ticketing systems, inventory)
- Death - The  Final Accounting: Accounting Scavenger Hunt
- Jewels of Jargon - terms, ratios and formula
in finance and accounting
- Key parts of the Business Plan - strategic planning, capital budgeting,
 forecasting, operational budgeting, profit planning

January 22  Budgeting And Resource Allocation
- Setting goals - production, organizational and management, financial
- Developing a revenue plan - marketing and fundraising; products and
opportunities
- Developing a production plan- project planning, timelines, deadlines,
line of command
- Developing short and long term financial plans

January 23  Forecasting Revenues And Expenditures / Cash Flow
- Evaluate capital proposals/projects; impact of external factors on
budget items
- Common budget systems; zero-based budgeting, activity
- based budgeting for better decisions
- Budget exercise: Measuring performance against budget; cash flow implications
- Cash operating cycles, cash forecasting techniques

January 24  Financial Statements / Internal Controls, Evaluations And
Audit
- Decisions, decisions, decisions - what motivates a financial
manager to choose certain policies and methods
-  Interpreting financial statements and annual reports
- Keeping on top of current accounting issues
- Budget to Reality - the approval process
- Management reporting systems / Measuring success
- How to choose an auditor, using lawyers wisely

January 27  Operations Procedures
- Better Than Budget Ideas I - Diversifying the revenue base, improving
the $/visitor, $/sq. ft, $/staff, $/input cost
- Entrepreneurs vs. Managers / Creating Value vs. Preserving Value
- Issues and opportunities in coordinating resources or endowing resources
with new wealth producing capacity
- Better Than Budget Ideas II - Cost containment, enhanced productivity,
deploying resources
- Benchmark financial data / Use of statistical information

January 28  Management Of Revenue Centres / Box Office And Inventory
Control Human Resources
- Fundraising and sponsorship events - nature, structure, receipting,
tax implications, reporting
- Inventory and asset control and protection
- Guide to the Employment Standards Act
- People and Money - Financial implications staff, volunteers and boards;
conflict of interest;  bonding and insurance

January 29  Legal And Ethical Issues
- Legal Ethical issues based on case studies
- Presentation of Business Plans

~~~~~~~~~~~~~~~~

Instructor: Pauline Thompson is a Chartered Accountant and Managing
Director, Operations at Science World in Vancouver
Dates:  January 20-29, 1997
Please register by:  December 16
Fee: $589 Canadian funds (approx. $412 U.S.) including readings and
resource materials; credit and non-credit options available

Travel and accommodation: regular flights and ferry service available
from Vancouver and Seattle. Program staff are pleased provide
information on both on-campus and off-campus accommodation
alternatives.

For more information, please contact:
======================================================
Brenda Weatherston, Program Coordinator
Cultural Resource Management Program
Division of Continuing Studies, University of Victoria
PO Box 3030, Victoria B.C. Canada V8W 3N6
Phone (250) 721-6119 FAX (250) 721-8774
E-mail: [log in to unmask]
Visit our Web Site! http://www.uvcs.uvic.ca/crmp/
Distribution List: To receive bi-monthly updates, send a request to
[log in to unmask]

===================================================================
UPCOMING LEARNING OPPORTUNITIES FOR MUSEUM & HERITAGE PROFESSIONALS
===================================================================
Public Programming - Dec. 2-11
Financial Management - January 20-29
Integrating Museum Information Systems - Jan. 23-24
Managing Archaeological Resources - Feb. 5-14
Curatorial Care of Artifacts - Feb. 19-28
Museums on the WWW: Enhancing Your Site - Feb. 19-21
Curatorship: Issues and Practices - March 3-8
Museums in Historic Buildings - Mar. 17-22 at Colonial Williamsburg
Cultural Tourism - April 21-26
On Contract - April 28-30
Inventory & Evaluation of Historic Resources May 7-16
The Multimedia & On-line Museum May 26-31
Linking Communitites & Museums June 4-6
Preserving Masonry Structures June 9-14
The Dynamic Museum: Organizational Structure & Change July 7-12
Public Relations & Marketing Strategies Sept. 22-Oct.1
Planning in Cultural Organizations Oct. 20-25