Think about the event (Charity AAU Basketball tournament {Lupus foundation}) you are planning to execute and identify the costs associated with executing the event. Some costs to consider could include facilities marketing and promotion event presentation and awards security and legal and insurance fees. Refer back to the Topic 2 Material for additional information about event costs and revisit the PAPER Test you completed for the Topic 2 assignment to ensure that you have included all the expenses you can think of related to promotion audience partnerships and environment. Complete the Expense and Amount Budgeted columns and then write a sentence or two that justifies how you arrived at the estimate in the Justification column of the Expenses tab of the Event Budget Estimation spreadsheet to forecast the costs for executing your event.
Next identify the revenue streams for the event you are executing. Remember that for your event revenue does not necessarily refer to money. Revenue could take the form of providing a service (i.e. a youth sports clinic) raising awareness for a specific cause or charity collecting goods for a cause charity (i.e. canned food donations of supplies) or it could actually involve raising funds to help a particular group or organization. Some monetary revenue streams to consider could include registration fees ticket sales concessions and sponsorship. Refer back to the Topic 2 Material for additional information about revenue streams. Revisit the Revenue section of the PAPER Test you completed for the Topic 2 assignment to ensure that you have included all the revenue streams you can think of for your event.Complete the Description and Amount Forecasted columns and then write a sentence or two that justifies how you arrived at the estimate in the Justification column of the of the Revenue-Monetary and Revenue-Non-monetary tabs of the Event Budget Estimation spreadsheet to forecast the potential revenues that could result from executing your event.Your instructor will provide you with feedback about your budget estimations after you have submitted the assignment.