Manage the Event Budget Flashcards
What is the first step in budgeting for an event?
Develop budget categories and format.
What are potential sources of revenue for an event?
Grants, sponsorships, registration, exhibitor fees.
What should be allocated budget amounts for?
Event activities.
What is important to establish for events?
A contingency plan and funds.
What types of costs should be specified for an event?
Fixed and variable costs.
What must be determined regarding an event’s finances?
Profit requirements.
What should be collected and analyzed for budgeting?
Information related to current market conditions.
What should be explained regarding cash flow for an event?
Cash flow requirements.
Why must budgets be reviewed and adjusted?
To ensure they remain accurate and effective.
What should be done with funds for unexpected expenditures?
Revise or reallocate funds.
What should be described regarding cash handling at an event?
Security procedures.
What should be communicated to staff and volunteers?
Policies and procedures to prevent theft.
