May 19 2020

Financial position of the Conseil des arts de Montréal

 

At the end of March, the Conseil, in an exceptional measure, issued payments of $13 million out of its $17 million grant program, waving the usual conditions for the general funding program, fiscal sponsorship, the CAM touring program, and artist workshops.

 

The Conseil has also reduced its administrative expenses and reviewed its organizational structure. We made this decision because, like most organizations, we are currently experiencing losses in self-generated income from partner contributions and rental fees.

 

In addition, we have assessed the viability of certain initiatives with the partners involved to target actions that must be undertaken differently. Because the Conseil’s budget is set one year in advance and comes primarily from the urban agglomeration of Montréal, we are responsible for balancing it. This financial exercise will help us better support arts organizations and collectives.