Page 15 - OSEP Management Module 5_Neat

Financial resources
For an event to be successful, there must be enough financial resources to
implement all event activities. To know what the event will cost, you will need to
put an amount next to each of the areas in your event action plan. From this, you
will then need to develop an event budget.

The following example event budget will give you a rough guide for your planning:

Income Value
Entry fees

Players’ fees

Subsidies
Grants
Product sales (t-shirts, etc.)

Catering sales

Sponsorship cash
Other income
Total income

Expenditure
Hire of venue
Promotional material

Printing design costs

Advertising
Equipment
Materials purchased

Trophies and prizes

Staff costs, for example, doorkeeper, referees, etc.
Catering costs
Transport for teams

Administration, for example typing, postage,

telephone, photocopying, programs, etc.
10 per cent allowance for variations
Total expenditure

Total profit/loss

OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE