Rochester Art Center’s Finances Shaky, Future Uncertain
ROCHESTER, Minn. (AP) — There is "substantial doubt" about the Rochester Art Center's ability to continue operating after a recent audit of its 2014-2015 finances.
Reports that the audit shows contributions, corporate sponsorships and memberships are all declining as well as the center's cash balance significantly falling.
Rochester heavily subsidizes the center, giving it more than $1.2 million over a five-year span. The center is budgeting for a city grant of $330,000, a lower amount than in 2015.
City Council President Randy Staver says he was unaware of the recent audit, and now wants more answers on how the center has been managing its money.