February 21, 2013
On behalf of the Board of Trustees for San Jose Rep I’m writing to you in response to an article that appeared on Wednesday, February 20, 2013 in the San Jose Mercury News regarding the Rep’s 2012 audit. The Mercury News story presented an accurate but incomplete picture of the Rep’s operation and, sadly, employed a headline that was more sensational than descriptive. Indeed, the story detailed many positive fiscal steps the theatre has taken and quoted City Officials stating their high confidence in a bright future for San Jose Rep.
The story centered on the note of concern in our FY12 audit, but the fact is that the Rep has had this note on its audit since 2009 when the effects of the recession hit our just recovering organization very hard. Yet the good news is that, despite financial struggle, the Rep has continued to produce high quality work under the leadership of current Artistic Director Rick Lombardo, and has continued to cut costs, manage expenses, and meet all our debt obligations to the city under Managing Director Nick Nichols. The Rep's trustees are fully confident in our executive leadership's ability to continue to manage through these difficult times, and has put plans in place to raise the additional funds needed to gain greater long-term fiscal stability.
We are well into planning our 2013-14 season and I want to assure you that the Rep is here to stay. Of course, one of the most important components in our continued success is the support of you, our donors, subscribers and friends. We want to thank you for your patronage and support and look forward to a bright future of outstanding theatre at San Jose Rep. Check out our upcoming season of innovation at www.sjrep.com
President of the Board of Trustees of the San Jose Repertory Theatre