1. Copyright Wiley 20081 Special Events Fifth Edition The Roots and Wings of Celebration Dr. Joe Goldblatt, CSEP Chapter Five

2. Copyright Wiley 20082 Agenda Welcome and review of previous session. Mini lecture covering current chapter, case study and best practice Activity such as debate or discussion of case study and best practice Session review Questions, answers, discussion, and announcements Assignment for next session Adjournment

3. Copyright Wiley 20083

4. 4 Financial Administration Budgeting: for profit, break even, loss leader or hosted event Reasonable projected income Typical expenses Fixed Variable

5. Copyright Wiley 20085 Profit Profit = Revenue – Expenses Fixed overhead expenses Variable Expenses Break-even point = total fixed costs Contributional Margin

6. Copyright Wiley 20086 Ensuring Positive Event Cash Flow Accounts Receivable Accounts Payable Controlling Purchases

7. Copyright Wiley 20087 Foreign Exchange Rates Price of one currency expressed in another currency. Market conditions Government policy.

8. Copyright Wiley 20088 Frank Supovitz Senior Vice President of Events National Football League

9. Copyright Wiley 20089 Copyright ©2008 John Wiley & Sons, Inc.