Friday, 24 January 2014 03:53
The St. Louis Art Museum is well managed and fiscally sound. That's what auditors are reporting to the St. Louis Zoo-Museum District, the body that oversees property tax disbursements to five, regional cultural institutions.
The results of the Art Museum audit are a far cry from the last two audits commissioned by the District. A 2011 audit of the St. Louis Science Center pointed out five-figure executive bonuses and too many vice presidents. A 2012 audit of the History Museum raised concerns over a questionable land deal and vacation buy-back for the former museum president.
By contrast, auditors found no major problems with the way the Art Museum is run. The St. Louis Post-Dispatch reports that the examination of the Art Museum revealed an institution with a clear chain of command among its several boards, a litany of policies to account for sales and donations, and enough cash in the bank to pay its bills 16 times over.
The Zoo-Museum District oversees the disbursement of about $70 million in property taxes to the Missouri Botanical Garden, History Museum, St. Louis Science Center, Zoo and Art Museum.
Published in Local News