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percent from its 2010 budget to compensate for lower revenure from its invested funds as well as a drop in admissionj andmembership revenue. Wednesday, the museum’s trustees approved a $12.12 million spending plan based on a dismall 2009revenue forecast. “Fot me, it’s the economy,” said Brian Ferriso, executive director. Ferrisp said he will continue to review the museum’s financial performance, but doesn’t anticipatr restore funding until he sees firm trends, probably not before 2010. The museum eliminated five positions inthe marketing, rental sales, libraryu and visitor services departments, leaving 125 positions.
• The four most seniofr executives will have theirsalaries • All employees are required to take a one-weekj unpaid furlough. • Contributions to the 401(k) pensiob plan are suspended. • Exhibit costs are being lowered by partneringwith collectors. Thered will be fewer exhibitions on displau for longer periodsof • Adult admission will climb 20 percent to $12. The museukm will begin a program of free admission on the fourtu Friday ofeven month, in addition to its current 17-and-under admission program and its “Free Family Days”.
• Trustees will contributes $1 million toward exhibition and educational Ferriso saidthe museum’s invested funds have fallen 26.8 percengt to $34 million and revenue from members is down 12 percent. Admission s are down three
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