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2017 Spirit of the West Budget <br />Revenues: <br />Cash $0 <br />Donations/Sponsorships $20,500.00 <br />Sales $37,375.00 <br />Vendor Fees $11,100.00 <br />Grants $9,000.00 <br />Total Revenues $77,975.00 <br />Expenses: <br />Venue $6,850.00 <br />Insurance $1,970.68 <br />Services $5,110.00 <br />Advertising $21,674.00 <br />Security $1,200.00 <br />Entertainment·$29,000.00 <br />Etc·$10,565.00 <br />Total Expenses $76,369.68 <br />Profit/Loss $1,605.68 <br />(Revenue less Expenses) <br />In-Kind Contributions: <br />Volunteer Labor $72,437.92 <br />Donated Services &$11,747.00 <br />Materials <br />Total-In-Kind $84,184.92 <br />There are many pieces to the Spirit of the West budget which includes not only all the entertainment <br />offered,but also the free children's events,The workshops,demonstrations,presentations and <br />exhibits,the fiddle contest,and our Stampede program which includes school assemblies and our <br />ambassador,Miss Spirit of the West.With increasing fees and charges we are attempting to save <br />money by leaving the CWU concert hall as a venue,but have added an extra day to the festival with <br />our "new"western fashion show on Thursday evening which we would hope to receive 100%of that <br />expense from the Lodging Tax.Our goal is to meet our annual budget by keeping costs down yet still <br />retain customer satisfaction,keep attendees returning to the event each year and have those <br />attendees sharing the event with others via word of mouth and social media.The Spirit of the West <br />remains a work in progress to find the right combination of venues,ticketed and free events, <br />entertainers and ticket pricing that will please our customers and keep them coming all within budget.