1. Developing an Effective Budget
Doing it right the first time!

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

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

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

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

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

7. 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

8. 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

9. Questions ?