The only full-time staff member has been laid off and contractors, including artistic director Matthew Baird, are not on the payroll. But that doesn't mean the end of MusicFest Vancouver, according to one board member.
Sarah Sidhu, a director since 2007, told the Straight by phone that operations have been suspended because of a "cash-flow problem".
"None of us want to see the festival cease at all," Sidhu emphasized. "We are working hard to make sure the festival will come back in some form. We just need time to do that. It wouldn't have been responsible for us as a board to proceed with the 2013 season, given our situation right now."
The Vancouver Summer Festival Society puts on the festival, which has showcased classical, world, and jazz music for the past 12 years.
The board announced earlier today that it has "suspended" the 2013 festival until it can address the financial issues.
Sidhu, a lawyer, estimated the debt to be $150,000, but emphasized that this isn't precise because directors are still going through the accounts.
When asked if there are receivables to offset this liability, she replied: "We're looking at all those possibilities now on how we're going to move forward....We're really looking at coming back with a healthy festival, but it's hard to do when we're faced with this situation."
The Vancouver Summer Festival Society's 2011 return to Canada Revenue Agency revealed $101,831 in liabilities and a slight profit, with $1.31 million in revenue and $1.29 million in expenditures.
Sidhu said that she has enjoyed the range of music at the festival over the years, which has included Sarah McLachlan performing with the Vancouver Symphony Orchestra in 2011 and a tribute to George and Ira Gershwin in 2012.
"We've had so many great concerts," she noted.
Anyone wishing to donate to the society can do so here.
Follow Charlie Smith on Twitter at twitter.com/csmithstraight.