The Alexandra Blossom Festival is in a good financial position.
The Alexandra Blossom Festival is in a good financial position.
The Alexandra Blossom Festival is in the black for another year, having reported a record operating surplus for the 2018 event.
The $25,000 surplus was announced at the Alexandra Blossom Festival's AGM last week. It had put the festival in a "very sound financial position'', following "regular returns'' over the pastnine years, festival committee chairwoman Sharleen Stirling-Lindsay said. The festival now has an overall surplus of $130,000.
The festival was "now in the space of returning a significant dividend to our community'' and, along with its partners, was seeking support for projects in the Alexandra district, Ms Stirling-Lindsay said.
The redevelopment of the old pool site in Rivers St was one project already identified, she said.
