List expenses associated with an event and create a budget
Prepare a budget and cash flow analysis
For this assignment, you are to create a preliminary budget for
your event using an Excel spreadsheet.
Research your text, Web resources, and all course materials for
estimated cost figures. Expenses would include fixed and variable costs.
Note: To avoid major financial
losses, income-generating sources will pay for the other 50% of the cost of the
event.
Include in your list all estimated
expenses associated with the event.
List at least 15 different budgeted
items.
Be sure to include all of the
pre-event expenses, such as flyers (marketing), entertainment, equipment
rental, and so forth.
The biggest expense may be the food
and beverages.
Include a comprehensive list
covering all of these catering expenses.
There will also be expenses such as
security, portable restrooms, sound system rental, portable stage rental,
table and chair rental, signage, and banners.
Calculate the numbers using rational
estimations, and keep in mind that 50% has to be covered by your own
created income generators (ticket sales, sponsorships, donations, and so
on).
To avoid major financial losses, list
a minimum of 5 income-generating sources that will pay for the other 50%
of the cost of the event.
Provide detailed information on the
income-generating sources, such as tickets, raffles, T-shirt sales,
pre-event fundraisers, financial sponsorships, and so on.
Your assignment should be completed in an Excel
spreadsheet and should be between 800–1,000 words.
You must incorporate at least 1 outside resource with proper APA
citations. Please cite your resources for any budgeting templates or
information used for this assignment.
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