Orchestra able to meet its payroll
Musicians in the Louisville Orchestra faced an uncertain week after initial reports that it could not make payroll. However, their worries were put to rest when those who oversee the orchestra announced that they would meet payday responsibilities on time, WDRB-TV reports.
Payroll stress was put on the orchestra as it continues to battle bankruptcy issues, but a temporary measure was found as money was moved out of the Louisville Orchestra Foundation and the "Philharmonic Trust" to pay musicians. According to the news station, the trust received a strong round of investing in January, making such payments possible.
"We got an email today simply stating that we were going to get paid," Kim Tichenor, spokesperson for the Louisville Orchestra Musicians Association, told the news station.
However, tapping the fund was a short-term solution, and how and when musicians will continue to receive payments remains a bit of a mystery.
"Issues concerning whether any additional funds can be obtained are continuing to be explored," said a statement from the foundation.
The court handling the bankruptcy proceedings recommended the orchestra's leadership tap the fund in January. Yet, despite cash flow issues, the orchestra is determined to perform its scheduled programming.
Payroll stress was put on the orchestra as it continues to battle bankruptcy issues, but a temporary measure was found as money was moved out of the Louisville Orchestra Foundation and the "Philharmonic Trust" to pay musicians. According to the news station, the trust received a strong round of investing in January, making such payments possible.
"We got an email today simply stating that we were going to get paid," Kim Tichenor, spokesperson for the Louisville Orchestra Musicians Association, told the news station.
However, tapping the fund was a short-term solution, and how and when musicians will continue to receive payments remains a bit of a mystery.
"Issues concerning whether any additional funds can be obtained are continuing to be explored," said a statement from the foundation.
The court handling the bankruptcy proceedings recommended the orchestra's leadership tap the fund in January. Yet, despite cash flow issues, the orchestra is determined to perform its scheduled programming.
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