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A financial plan for incoming and outgoing money. A budget is a living document that must be updated throughout the planning process. <\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"94b31e4b-e502-46b4-8475-91760f5e3982","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Budget"},{"content":{"params":{"text":"

Any income that an event receives. This can come from multiple streams such as admisssion, sponsorship, ticket sales and food and beverage sales.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"230b53f6-f5c0-4855-88ba-ff97128c6ff1","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Revenue"},{"content":{"params":{"text":"

The outflow of money. This can include any money being spent on food and beverages, decor, vendors, venues etc. <\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"26ac2709-6ec5-4d03-b15b-6cac046ffddd","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Expense"},{"content":{"params":{"text":"

A form that solicits vendors to submit proposals for your event. This form is used to streamline the process of finding the right venue\/vendor. <\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"09eaff8a-bebf-4f00-b23b-ad4661398cd9","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Request for Proposal (RFP)"},{"content":{"params":{"text":"

The estimate of financial outcomes based on historical information.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"f750683a-8ddc-4373-8765-7684b942bfcc","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Forecast"},{"content":{"params":{"text":"

Profit is made with Revenue received exceeds expenses paid out.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"160b42a9-1aa0-4aac-96fe-7249dd9618cd","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Profit"},{"content":{"params":{"text":"

Break even is reached when the revenue minus the expenses equals zero.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"aa0d85af-d747-4b4b-9b8e-59113c36643c","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Break even"},{"content":{"params":{"text":"

A deficit occurs when the Expenses paid are more than revenues received.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"ce8cbeeb-f379-473d-86bf-fbb2d31e320d","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Deficit"},{"content":{"params":{"text":"

A realistic financial plan for revenue received and expenses paid out.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"05bb5214-4639-4eaa-8dc5-55c0c81762db","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Objective"},{"content":{"params":{"text":"

The fee required to register and attend an event.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"c1170568-14af-4318-9e4f-d7162719fa30","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Registration Fee"},{"content":{"params":{"text":"

The fee required by a vendor to participate in your event and promote their own business.<\/p>\n"},"library":"H5P.AdvancedText 1.1","subContentId":"b472498d-7604-4187-9fd4-35437d2286f7","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"title":"Exhibitor Fee"}],"hTag":"h2"}

Budget definitions

Nicole Bailey