Spreading the wealth.
ReThink Theatrical has implemented a Participatory Budgeting Task Force. Participatory Budgeting gives a group of trusted people (who represent the community) the power to develop an annual budget after meeting and connecting with the folks who will be most impacted by budget decisions. This budget is then reviewed and approved by the Board of Trustees. As a non profit organization, we take in money from real people every day and redistribute it back out to the larger community in the form of theatrical productions. But now, it’s not the Executive Director and Director of Productions making budget decisions in a vacuum; now members of the ReThink Community will have a weighty say in where the money is spent.
The Participatory Budgeting Task Force was established in August 2020. This Task Force exists in order to research and develop an annual budget for ReThink Theatrical by soliciting the input of parties affiliated with the company regarding how the company allocates its fiscal resources. The Task Force convenes annually during the first half of the company’s fiscal year, and delivers a budget for approval to the Board of Trustees by December of each fiscal year. The Task Force is then dissolved until the following fiscal year. During the interim, the agent of the Treasurer of the Board of Trustees (Director of Operations) is responsible for the administration and management of the approved budget.
The agent of the Treasurer of the Board of Trustees (Director of Operations), along with 1 representative from each of the following interest groups relating to ReThink Theatrical, including, but not limited to: operations, administration, development, marketing and communications, production management, artistic direction, and alumni (no more than 2 alumni representatives). The Task Force shall consist of no more than 10 members. An annual call to alumni and company staff to join the PBTF will be put out each year; in the event there is not sufficient interest, the agent of the Treasurer of the Board of Trustees may appoint members.
To reach out to the different interests groups listed above, in order to solicit feedback about the different revenue allocations in the annual budget
To prepare an annual budget subject to the approval of the Board of Trustees
To periodically review procedures and controls relating to the annual budget’s research and development