LT2025-010 THE INTERNATIONAL LUMBERJACK SHOW LLC CLTAC

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Response 8.3: What changes will be made if funding for your request is not available or recommended?* Matching Funds Percentage 9| Project Budget Overview Please complete budget for this project/proposal. If your agency operates independently of this project application it may not be necessary to submit the entire agency budget. You must submit a budget which specifically pertains to the project/event for which you are requesting funding and adheres to the basic budget format shown below. The budget must include anticipated revenues, expenditures, and any potential profit or loss. For projects/events which are ongoing for more than one (1) year, please also submit actuals from the previous three (3) years of operations (need not be consecutive) for the project/proposal if applicable. For any claimed in-kind contributions valued at $500 or more and related to marketing/advertising, you must submit verifying documentation which assures the contribution will be provided. For instance, if you are claiming in-kind contributions in the form of advertising match, a binding contract itemizing the matching value and obligating each party must be provided. If funding for our request is not available or recommended, PNW Timberfest will need to consider several potential changes and adjustments to ensure the event's sustainability and continued success. Here are some possible changes and Strategies: Reevaluate Budget and Expenses: Carefully review the event budget and identify areas where cost savings can be achieved. This may involve reducing spending on non-essential elements while prioritizing core aspects of the event. Explore Alternative Revenue Sources: Seek additional revenue sources, such as increased ticket prices, expanded sponsorships, or higher vendor fees, to offset the lack of funding. Seek In-Kind Donations: Reach out to local businesses and organizations for in-kind donations of goods or services that can help reduce event expenses. Implement Cost-Sharing Arrangements: Collaborate with partners, sponsors, or vendors to share certain event costs, such as marketing expenses or infrastructure. Increase Fundraising Efforts: Intensify fundraising efforts through campaigns, crowdfunding, or grant applications to secure additional financial support. Adjust Marketing and Promotion: Modify the marketing and promotional strategy to focus on cost-effective channels, such as digital marketing and social media, to reach the target audience without significant expenses. Engage the Community: Encourage greater involvement from the local community, including volunteer support, to reduce labor costs and enhance the event's community spirit. Deferred Growth Plans: Postpone any ambitious expansion or growth plans for the event until funding becomes available. Impact on Quality and Experience: Be mindful of how cost-cutting measures may impact the overall quality and attendee experience. Maintain a balance between financial constraints and delivering a memorable event. It's essential to approach the situation with flexibility, adaptability, and a focus on maintaining the event's core objectives and value while navigating financial challenges. Additionally, staying open to future funding opportunities and continuously evaluating the event's financial health will be crucial for its long-term success. 2500 character limit. 60.55 This field will auto fill with the correct percentage based on your input to budget section below.