Developing an Effective Budget Doing it right the first time!

Four major components Heading/Title Income/Revenue Expenses Profit/Loss

Heading / Title Sigma Fashion Show (Ebone Elegance Xposed) October 4, 2003 Proposed Budget

Income / Revenue Revenue Ticket Sales 300 at $12.00 $3,600.00 50 at $6.00 $300.00 Program Ads 20 pages at $50 $1,000.00 Total $4,900.00

Expenses Facility 5 hours at $140; 3 hours at $50 $850.00 Food Shrimp, meatballs, side items $800.00 Program and Tickets Advantage Printing $500.00 Wine, towels, glasses 20 of each $75.00 Opening & Intermission Jamaal’s Band $75.00 AV Equipment $100.00 Coordination Jourdan Morgan – Professional Model $200.00 Miscellaneous $200.00 Clothing Refunded after clothes are returned $1,500.00 Total $4300.00

Profit / Loss Net Revenue Revenue - Expenses $2,100.00 Note: Revenue includes $1500 from clothes

Do it yourself Think of an event that has both expenses and incomes Write down all sources of expenses and incomes Assess values to sources of expenses and incomes Calculate expenses and incomes

Post Event Budget The Treasurer and Event Chairman should count all monies received and disbursed At the completion of every event, provide an actual budget (not proposed) Provide a written report

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