Board to Seek $1 Million to Offset Deficit

The Pacific Symphony board of directors has acknowledged that a deficit of $200,000 to $250,000 exists and has adopted a $1-million fund-raising goal to “get the orchestra into the black,” according to executive director Louis G. Spisto. The current deficit is “better than was expected,” Spisto said Tuesday. “We have budgeted a line-item of $100,000 in next year’s budget to begin retiring the deficit.”

Last week, board chairman Michael N. Gilano had projected a deficit of about $350,000. Spisto said last week that at the end of the last fiscal year, the organization had a surplus of about $105,000.