BALTIMORE (WJZ) — An audit of the struggling Baltimore Symphony Orchestra’s finances shows “substantial uncertainty” about the organization’s ability to continue operating, the BSO said Monday.

Financial issues have plagued the organization for years, leading it in May to abruptly cancel all of its planned summer performances.

READ MORE: Sinkhole Closes Part Of Baltimore's North Avenue Until Further Notice


READ MORE: Maryland Weather: Storm Threat Triggers Alert Day

The orchestra and its musicians are in the midst of negotiating a new contract, though BSO president Peter Kjome said in a statement that, “there has been no meaningful counterproposal from our musicians that addresses the financial issues our organization is facing.”

MORE NEWS: WATCH IT AGAIN: Fourth Of July Fireworks Light Up Baltimore's Inner Harbor

The two groups are set to meet for negotiations Wednesday.