Sport, Events Funding, and Finance - Desklib

This document provides an evaluation of the financial performance of Gumboot Thowing WA, including funding and financial analysis, financial impact of external events, and event budget. It covers the type and nature of revenue and expenses, identifying revenue streams, liquidity ratio, cash reserves, and more. The document also includes information on the subject, course code, course name, and college/university.

Running head: SPORT AND EVENTS FUNDING AND FINANCE
Sport, events funding, and finance
Name of the Student:
Name of the University:
Authors Note:

SPORT, EVENTS FUNDING, AND FINANCE
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Table of Contents
Introduction and Background:....................................................................................................2
Part A – Funding and Financial Analysis..................................................................................2
Type and nature of revenue and expenses of the organisation:.................................................2
Identifying the revenue streams:................................................................................................3
Type and nature of assets and liabilities:...................................................................................5
Liquidity ratio of the organisation:............................................................................................5
Analysing the cash reserves of the company:............................................................................6
Analysing the surplus for the financial year:.............................................................................6
Return on Assets:.......................................................................................................................7
Debt to equity ratio:...................................................................................................................7
Net Equity:.................................................................................................................................7
Identifying the potential development improvement in relevant areas:.....................................8
Part B – Financial Impact of External Event...........................................................................10
Outlining the impact of the reduction in grant on the financial viability and sustainability of
Gumboot Throwing WA:.........................................................................................................10
Explaining what needs to be done to ameliorate this loss of revenue:.....................................15
Part C – Event Budget..............................................................................................................15
Describing the event that has decided to conduct and prepare a detailed budget for the event:
..................................................................................................................................................15
Providing a rationale for the figures contained in the budget:.................................................16
Conclusion and Recommendations:.........................................................................................16
References and Bibliography:..................................................................................................17

SPORT, EVENTS FUNDING, AND FINANCE
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Introduction and Background:
The overall assessment aims in evaluating the financial performance of Gumboot
Thowing WA, which can help in detecting the future performance of the organisation. In
addition, the financial performance of the company is mainly evaluated, where relevant
financial ratios have been depicted in the assessment. The relevant evaluation of the financial
statements of Gumboot Thowing WA is mainly conducted to detect the current financial
performance of the organisation. In addition, the alternations in the financial position of
Gumboot Thowing WA are mainly conducted to detect the financial viability of their
operations. The relevant budget for a new event has been conducted, which can help in
improving the company revenue generation capability and reduce the level of expenses that
might incur from operations.
Part A – Funding and Financial Analysis
Type and nature of revenue and expenses of the organisation:
Account Name Account Name
Income Cost Of Sales
Total General Income Total Merchandise
Total Commercial
Income
Total Bar
Total House Total Catering
Total Membership
Total Competition Expenses
General Expenses
Commercial Expenses
House Expenses
Finance
Employment
Administration
Club History Book

SPORT, EVENTS FUNDING, AND FINANCE
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Building & Utilities
State and National Championships
The above table provides information about the overall revenue and expenses of your
organisation, which is listed in in income statement. From the relevant analysis, it could be
identified that the overall income of the organisation is relatively coming from 5 different
types of accounts. The company has been generating income from general income,
commercial income, house, membership, and competition. These are the major income
sources of the organisation, which has allowed them to secure the level of income from
investment (Ratten, 2016). Moreover, the above table also provides information about the
overall cost of sales and expenses that is incurred by the organization during the financial
years. From the analysis it is detected that the company encodes the cost of sales at are
Merchandise cost, bar cost, and Catering cost, as it is helpful for supporting the relevant
operations of the organization. Similar instance it could be identified that there are relevant
expenses that needs to be conducted by the organization to effectively conducted operations
throughout the financial. the relevant Cash outflows that are conducted by the organization
are general expenses, commercial expenses, how the expenses, finance cost, employment
expenses, administration expenses, club history book expenses, building & utility expenses,
State and National championship expenses.
Identifying the revenue streams:
Account Name 2016-17 2015-16 %2016-17 %2015-16
Income
General Income
DSR OSP Grant $2,42,000.00 $2,42,000.00 29.68% 24.01%
Sponsorship $86,500.00 $1,25,786.89 10.61% 12.48%
Fundraising $11,556.00 $94,523.56 1.42% 9.38%
Bank Interest $13,843.00 $17,654.12 1.70% 1.75%
Sundry Income $0.00 $0.00 0.00% 0.00%
Total General Income $3,53,899.00 $4,79,964.57 43.40% 47.62%
Commercial Income
Merchandise
Sales $35,822.00 $45,234.89 4.39% 4.49%

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Rebate on sales $0.00 $0.00 0.00% 0.00%
Total Merchandise $35,822.00 $45,234.89 4.39% 4.49%
Rental Income $40,000.00 $40,000.00 4.91% 3.97%
Venue Hire $3,300.00 $3,300.00 0.40% 0.33%
Paddock Hire $4,536.00 $3,456.78 0.56% 0.34%
Commercial Training
Course Income $15,600.00 $34,234.89 1.91% 3.40%
High Schools Course
Income
$1,22,234.00 $1,34,234.76 14.99% 13.32%
Total Commercial Training $1,37,834.00 $1,68,469.65 16.90% 16.72%
Total Commercial Income $2,21,492.00 $2,60,461.32 27.16% 25.84%
House
Bar
Bar - Club Functions $16,000.00 $17,890.78 1.96% 1.78%
Bar - External Functions $5,954.00 $4,567.89 0.73% 0.45%
Total Bar $21,954.00 $22,458.67 2.69% 2.23%
Catering
Catering - Club Functions $0.00 $0.00 0.00% 0.00%
Catering - External
Functions
$0.00 $0.00 0.00% 0.00%
Total Catering $0.00 $0.00 0.00% 0.00%
Ticket Sales $22,323.00 $68,897.45 2.74% 6.84%
Total House $44,277.00 $91,356.12 5.43% 9.06%
Membership
Membership Fees $1,23,232.00 $1,12,345.76 15.11% 11.15%
Member Donations $13,260.00 $15,456.78 1.63% 1.53%
Gumboot Storage Rack Hire $9,200.00 $9,200.00 1.13% 0.91%
Total Membership $1,45,692.00 $1,37,002.54 17.87% 13.59%
Competition
Entry Fees $27,567.00 $18,654.56 3.38% 1.85%
Parking $13,260.00 $11,234.45 1.63% 1.11%
BBQ $9,200.00 $9,200.00 1.13% 0.91%

SPORT, EVENTS FUNDING, AND FINANCE
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Total Competition $50,027.00 $39,089.01 6.14% 3.88%
Total Gross income $8,15,387.00 $10,07,873.5
6
100.00% 100.00%
The above table provides information about the overall revenue streams of the
organization, which is fueled by different level of income that is generated over the period of
two financial years. From the relevant analysis, it could be identified that the maximum level
of revenues that is generated by the organization is from general income category. This
category relatively holds all the relevant incomes that are generated by the organization for
the period of time. Maximum of the revenues are generated from DSR OSP Grant, which
directly provides required level of income to support its operations. However, other
operations of the organization also provided adequate revenues, which are sponsorship
revenue, High School course income, total commercial training, and membership fees is
considered to be one of major income source for the organization. Other income source of the
company is relatively minimal, which contributes to its income but is not adequately
providing high level of revenues to the organization (Taylor, Doherty & McGraw, 2015).
Type and nature of assets and liabilities:
Account
No. This Year Last Year
1-1130 Westpac Debit MCard $9,141.21 $4,534.17
1-1160 Undeposited Funds Account $1,431.50 $0.00
1-1210 Deposits Paid $6,600.00 $0.00
The table provides information about the overall Assets and liability that has been
listed in the balance sheet of the organization. From the relevant analysis, it can be detected
that three different countries that were listed in the balance sheet of the company is
considered to be abnormal. From the analysis, it could be identified that the entry Westpac
debit card is considered to be done and void I just cannot be considered as a current assets of
the organization. Moreover, the undeposited funds account is also considered invalid account
to be listed as the current assets. Lastly, the deposits paid account is also an entry that should
not be considered to be void under the current assets section (Agha & Taks, 2015).

SPORT, EVENTS FUNDING, AND FINANCE
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Liquidity ratio of the organisation:
Particulars This Year Last Year
Total Current Assets $7,62,913.50 $8,69,366.34
Total Current Liabilities $3,18,013.89 $96,872.06
Liquidity $4,44,899.61 $7,72,494.28
Table provides information about the current liquid ratio of the organization, which is
directed to decline during the period of 2 years. The above table also indicates that the total
current assets value of your organization declared slightly while the current liability
conditions increased exponentially. The increment in current liabilities in comparison to the
current assets directly reduced the liquidity ratio of the organization. This relatively reduces
the values of liquidity ratio from the levels of $772,494.28 in last year to $444,899.61 in this
year.
Analysing the cash reserves of the company:
Particulars This Year Last Year
Cash and cash equivalent $5,40,341.88 $5,02,268.15
Total Current Liabilities $3,18,013.89 $96,872.06
Cash reserve ratio 1.699114086 5.184860836
Table provides information about the cash reserve ratio of the company, which has
declined from sea level 5.184 in last year to the levels of 1.6991 this year. The decline is cash
reserve ratio is due to the increment, current liabilities of the organization file the cash, and
cash equivalents remained stagnant. The above table also indicated that the current cash
reserve ratio of the company is not properly and is reducing due to the high levels of current
liabilities that are accumulated by the organization to conduct its operations (Groothuis &
Rotthoff, 2016).
Analysing the surplus for the financial year:
Particulars 2016-17 2015-16
Net
Profit/(Loss)
($1,93,431.23) ($12,023.29)

SPORT, EVENTS FUNDING, AND FINANCE
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The information provided in the above table directly Indicates about The losses that
has been increased by your organization during the two financial years. The decline in profit
levels has relatively indicated on negative surplus for the financial year of the organization.
The reduced profit levels of the company are directly indicating that the company generates
no surplus during financial year due to high losses incurred from operations.
Return on Assets:
Particulars 2016-17 2015-16
Net income -1,93,431 -12,023
Total assets 48,83,446 51,09,360
Return on assets -3.96% -0.24%
The return on Assets of the organization has relatively declined over the period of two
financial years. This relevant decline in the level of return on assets is due to the reduction in
the net income of the company. The company directly witnessed a loss greater than the
previous financial year find the total Assets of the company also produced due to the previous
financial losses. In addition, the return on Assets of the company produces a negative value
of -3.96% in 2016-17, as compared to -0.24% in 2015-16. Hence, the return on Assets of the
organization is not adequate and portraying a negative value for the organization
(Alekseyeva, 2014).
Debt to equity ratio:
Particulars 2016-17 2015-16
Total debt 3,18,013.89 96,872.06
Total equity 50,14,666.35 50,12,487.58
Debt to equity ratio 6.34% 1.93%
About table provides information about India to equity ratio of the organization,
which is relatively increased during the financial year. the values of debt to equity ratio has
increased from 1.93% in 2015-16 to 6.34% in 2016-17.Increment in debt to equity ratio was
due to the high level of total depth that has been accumulated by the company over the period

SPORT, EVENTS FUNDING, AND FINANCE
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of two financial years. However, the changes in equity have relatively remained similar,
which can depict about the relevant stagnation in the equity capital.
Net Equity:
Particulars 2016-17 2015-16
Total Assets 48,83,446.45 51,09,359.64
Total Liabilities
3,18,013.8
9 96,872.06
Net Equity 45,65,432.56 50,12,487.58
The net equity capital has been derived Buy directly deducting total assets with the
total liabilities of the organization. The calculation has indicated that there is a relevant
decline in the nativity conditions of the organization as the overall liabilities of the company
increases while total assets declined during the financial year (Wu, Li & Lin, 2016). The total
Assets of the company relatively reduced from the levels of 5,109,359.64 in 2015- 16 to
4,883,446.45 in 2016-17. In the similar instance, the overall total liabilities of the company
increased from 96,872.06 in 2015- 16 to 318,013.89 in 2016-17. The changes in value of
Assets and liabilities are selectively altered the overall net equity of the company was
declined from the values of 5,012,487.58 in 2015-16 to 4,565,432.56 in 2016-17.
Identifying the potential development improvement in relevant areas:
Account No. This Year Last Year
1-0000 Assets
1-1000 Current Assets
1-1110 Westpac General Acc $41,863.02 $16,631.71
1-1120 Westpac Cash Surplus Acc $5,40,341.88 $5,02,268.15
1-1130 Westpac Debit MCard $9,141.21 $4,534.17
1-1132 Term Deposit 6 month 166962 $61,403.32 $1,57,355.62
1-1133 Term Deposit 6 month 171649 $55,647.67 $1,51,744.13
1-1140 Petty Cash $100.00 $100.00
1-1150 Bar Float $2,150.00 $2,500.00
1-1151 Float $1,100.00 $0.00

SPORT, EVENTS FUNDING, AND FINANCE
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1-1160 Undeposited Funds Account $1,431.50 $0.00
1-1170 Electronic Clearing Account $1,147.00 $0.00
1-1190 State Body Online Payments ($47,105.00) $0.00
1-1200 Trade Debtors $51,818.00 $5,957.84
1-1210 Deposits Paid $6,600.00 $0.00
1-1220 Stock on Hand $37,274.90 $28,274.72
Total Current Assets $7,62,913.50 $8,69,366.34
1-2000 Non-Current Assets
1-2100 Property, Plant & Equipment
1-2110 Buildings at Cost $42,00,935.55 $42,00,935.55
1-2115 less Acc Dep Buildings ($2,52,056.42) ($1,68,037.71)
1-2120 Prop, Plant & Equip at Cost $77,153.06 $79,750.14
1-2125 less Acc Dep PP&E ($18,791.88) ($4,757.26)
1-2130 Motor Vehicles at Cost $33,317.73 $33,317.73
1-2135 less Acc Dep Motor Vehicles ($17,541.21) ($11,309.28)
1-2150 Sports Equipment at Cost $1,92,714.00 $1,75,734.00
1-2155 less Acc Dep Sports Equip ($95,197.88) ($65,639.87)
Total Property, Plant &
Equipment
$41,20,532.95 $42,39,993.30
Total Non-Current Assets $41,20,532.95 $42,39,993.30
Total Assets $48,83,446.45 $51,09,359.64
2-0000 Liabilities
2-1000 Current Liabilities
2-1100 Accounts Payable
2-1110 Trade Creditors $2,34,545.00 $77,173.67
Total Accounts Payable $2,34,545.00 $77,173.67
2-1200 GST Liabilities
2-1210 GST Collected $13,561.45 $5,571.05
2-1220 GST Paid ($9,512.76) ($13,502.11)
Total GST Liabilities $4,048.69 ($7,931.06)
2-1300 Payroll Liabilities
2-1310 PAYG Withholding Payable $8,643.00 $2,418.00
2-1320 Superannuation Payable $5,345.20 $5,826.38

SPORT, EVENTS FUNDING, AND FINANCE
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2-1340 Provision for Annual Leave $65,432.00 $19,385.07
Total Payroll Liabilities $79,420.20 $27,629.45
Total Current Liabilities $3,18,013.89 $96,872.06
Total Liabilities $3,18,013.89 $96,872.06
Net Assets $45,65,432.56 $50,12,487.58
3-0000 Equity
3-1000 Retained Earnings $50,12,487.58 $47,88,347.66
3-2000 Current Year Earnings $2,178.77 $2,24,139.92
Total Equity $50,14,666.35 $50,12,487.58
The above tables provide information about the overall improvements that needs to be
conducted in several areas of the organization. The improvement in total current assets of the
organization is essential with the increment in total noncurrent assets, which could help in
generating high level of income from investment. Introduction and total current liabilities
also needs to be conducted by the company where the increment in trade creditors has a
relatively increase the level of liabilities that is maintained by the organization. This
reduction in the current trade creditors of the company would eventually help in reducing the
level of liabilities that is maintained by the organization during the financial year (Solberg &
Preuss 2015).
Part B – Financial Impact of External Event
Outlining the impact of the reduction in grant on the financial viability and
sustainability of Gumboot Throwing WA:
Account
No. Account Name 2016-17 2015-16
4-0000 Income
4-1000 General Income
4-1100 DSR OSP Grant $2,42,000.00 $2,42,000.00
4-1200 Sponsorship $21,625.00 $31,446.72
4-1300 Fundraising $11,556.00 $94,523.56

SPORT, EVENTS FUNDING, AND FINANCE
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4-1400 Bank Interest $13,843.00 $17,654.12
4-1500 Sundry Income $0.00 $0.00
Total General Income $2,89,024.00 $3,85,624.40
4-2000 Commercial Income
4-2100 Merchandise
4-2110 Sales $35,822.00 $45,234.89
4-2130 Rebate on sales $0.00 $0.00
Total Merchandise $35,822.00 $45,234.89
4-2200 Rental Income $40,000.00 $40,000.00
4-2300 Venue Hire $3,300.00 $3,300.00
4-2400 Paddock Hire $4,536.00 $3,456.78
4-2500 Commercial Training
4-2510 Course Income $15,600.00 $34,234.89
4-2520 High Schools Course Income $1,22,234.00 $1,34,234.76
Total Commercial Training $1,37,834.00 $1,68,469.65
Total Commercial Income $2,21,492.00 $2,60,461.32
4-3000 House
4-3100 Bar
4-3110 Bar - Club Functions $16,000.00 $17,890.78
4-3120 Bar - External Functions $5,954.00 $4,567.89
Total Bar $21,954.00 $22,458.67
4-3200 Catering
4-3210 Catering - Club Functions $0.00 $0.00
4-3220 Catering - External Functions $0.00 $0.00
Total Catering $0.00 $0.00
4-3300 Ticket Sales $22,323.00 $68,897.45
Total House $44,277.00 $91,356.12
4-4000 Membership
4-4100 Membership Fees $1,23,232.00 $1,12,345.76
4-4110 Member Donations $13,260.00 $15,456.78
4-4200 Gumboot Storage Rack Hire $9,200.00 $9,200.00

SPORT, EVENTS FUNDING, AND FINANCE
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Total Membership $1,45,692.00 $1,37,002.54
4-5000 Competition
4-5100 Entry Fees $27,567.00 $18,654.56
4-5110 Parking $13,260.00 $11,234.45
4-5200 BBQ $9,200.00 $9,200.00
Total Competition $50,027.00 $39,089.01
Total Gross income $7,50,512.00 $9,13,533.39
5-0000 Cost Of Sales
5-1000 Merchandise
5-1100 Merchandise Opening Stock $37,275.00 $25,678.45
5-1200 Merchandise Purchases $20,376.00 $34,567.78
5-1300 Merchandise Closing Stock ($27,000.00) ($29,000.00)
Total Merchandise $30,651.00 $31,246.23
5-2000 Bar
5-2100 Bar Opening Stock $0.00 $0.00
5-2200 Bar Purchases $17,700.00 $23,456.00
5-2300 Bar Closing Stock $0.00 $0.00
Total Bar $17,700.00 $23,456.00
5-3000 Catering
5-3100 Catering Purchases $29,700.00 $31,234.34
Total Catering $29,700.00 $31,234.34
Total Cost Of Sales $78,051.00 $85,936.57
Gross Profit $6,72,461.00 $8,27,596.82
6-0000 Expenses
6-1000 General Expenses
6-1100 Fundraising Expenses $3,597.00 $12,342.45
6-1200 Sponsor Expenses $7,300.00 $12,321.56
Total General Expenses $10,897.00 $24,664.01
6-2000 Commercial Expenses
6-2100 Commercial Training
6-2110 Comm Training Resources $6,348.00 $7,123.23

SPORT, EVENTS FUNDING, AND FINANCE
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6-2120 Wages - Comm Training $6,450.00 $7,623.34
6-2130 Super - Comm Training $400.00 $800.00
Total Commercial Training $13,198.00 $15,546.57
6-2200 High Schools
6-2210 High Schools Resources $45,876.00 $57,345.00
Total Commercial Expenses $59,074.00 $72,891.57
6-3000 House Expenses
6-3100 Wages - House $0.00 $546.00
6-3200 Super - House $0.00 $0.00
6-3210 House Casual Staff $3,400.00 $2,300.00
6-3300 House Equip Hire/Purchase $2,765.00 $2,134.56
6-3400 Security & Licensing $2,033.00 $1,989.67
6-3500 Entertainment $4,540.00 $4,456.00
6-3600 External Function Exp $0.00 $0.00
Total House Expenses $12,738.00 $11,426.23
6-4000 Finance & Administration
6-4100 Finance
6-4110 Bank Charges $2,329.00 $2,434.45
6-4115 Accountancy & Audit $16,000.00 $16,000.00
6-4120 Interest on BWest Loan $0.00 $0.00
6-4130 Interest on HP Lease Captiva $0.00 $0.00
6-4140 Depreciation $1,50,551.00 $1,49,876.78
Total Finance $1,68,880.00 $1,68,311.23
6-4200 Employment
6-4210 Wages - Administration $1,53,234.00 $1,42,456.78
6-4220 Super - Administration $14,557.23 $13,533.39
6-4230 Staff Dev & Amenities $5,271.00 $5,345.23
6-4240 Vehicle Expenses - Kluger $3,231.00 $3,123.32
6-4250 Other Employer Expenses $0.00 $0.00
6-4260 Provision for Annual Leave $3,000.00 $3,000.00
Total Employment $1,79,293.23 $1,67,458.72

SPORT, EVENTS FUNDING, AND FINANCE
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6-4300 Administration
6-4310 Board of Management $5,000.00 $5,000.00
6-4320 Stationary, Printing & Postage $8,967.00 $8,867.56
6-4330 Office Equipment & IT $13,842.00 $14,345.45
6-4340 Website & Social Media $15,034.00 $13,456.00
6-4350 Telephone $5,984.00 $5,867.00
6-4360 Insurance $20,723.00 $20,235.00
6-4370 GT Australia Affiliation $37,353.00 $34,234.00
6-4380 Memberships & Licences $560.00 $560.00
6-4390 Sundry $1,348.00 $1,123.00
Total Administration $1,08,811.00 $1,03,688.01
6-4400 Club History Book $12,000.00 $12,000.00
Total Finance & Administration $4,68,984.23 $4,51,457.96
6-5000 Building & Utilities
6-5100 Building
6-5110 Building - Cleaning $34,521.00 $33,456.00
6-5120 Building - Repairs & Maint $24,423.00 $26,789.00
6-5125 Building - Improvements $38,456.00 $39,456.00
6-5130 Building - Equipment $25,342.00 $31,084.32
6-5140 Gymnasium $26,452.00 $18,967.00
6-5150 Building - Security $12,345.00 $13,423.00
Total Building $1,61,539.00 $1,63,175.32
6-5200 Utilities
6-5210 Electricity & Gas $23,842.00 $19,567.00
6-5220 Rates $12,876.00 $11,421.00
6-5230 Rubbish Removal $4,180.00 $4,098.00
6-5240 Water $11,186.00 $9,326.00
Total Utilities $52,084.00 $44,412.00
Total Building & Utilities $2,13,623.00 $2,07,587.32
6-6000 State and National Championships
6-6100 State Championships
6-6110 Uniforms $10,123.00 $12,345.00
6-6120 Equipment $4,561.00 $5,234.12

SPORT, EVENTS FUNDING, AND FINANCE
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6-6130 Travel $1,400.00 $1,400.00
6-6140 Accommodation $1,750.00 $1,875.00
6-6150 Athlete Subsidies $2,000.00 $2,000.00
Total State Championships $19,834.00 $22,854.12
6-6200 National Championships
6-6210 Uniforms $18,696.00 $21,156.00
6-6220 Equipment $4,561.00 $2,654.23
6-6230 Travel $22,800.00 $22,800.00
6-6240 Accommodation $90,440.00 $89,234.00
6-6250 Athlete Subsidies $9,120.00 $7,234.84
Total National Championships $1,45,617.00 $1,43,079.07
Total State and National
Championships
$1,65,451.00 $1,65,933.19
Total Expenses $9,30,767.23 $9,33,960.28
Operating Profit ($2,58,306.23) ($1,06,363.46)
9-0000 Other Expenses
9-9999 suspense $0.00 $0.00
Total Other Expenses $0.00 $0.00
Net Profit/(Loss) ($2,58,306.23) ($1,06,363.46)
Explaining what needs to be done to ameliorate this loss of revenue:
The above table provides information about the overall changes in net profits of the
organization after reducing the total income from grant under the Organizational
Sustainability Program. Therefore, from the valuation it could be identified losses of the
company will increase from the levels of ($1,93,431.23) 2017- 16 and ($12,023.29) in 2015-
16 to the levels of ($2,58,306.23) in 2017-16 to ($1,06,363.46) in 2015-16. Thus, it could be
understood that the reduction in gains from grants will negatively affect the financial
performance of the organization.

SPORT, EVENTS FUNDING, AND FINANCE
16
Part C – Event Budget
Describing the event that has decided to conduct and prepare a detailed budget for the
event:
Particulars No of persons Entry fees Amount
Admission revenue
Adults 5,000 25 1,25,000
Children 6,000 15 90,000
2,15,000
Expenses
Venue rent 45,000
Equipment rent 61,200
Wages and salaries 45,000
Other expenses 21,000
1,72,200
Total income 42,800
Providing a rationale for the figures contained in the budget:
The above table provides information about the overall all-star event that will be
conducted by the organization for acquiring adequate income from operations. The admission
revenue is relatively collected from adults and children that the entry fees 25 and 15
respectively. Furthermore, relevant expenses needs to be conducted regarding the venue rent,
equipment rent, wages and salaries, and other expenses for completing the event successfully.
Hence, the relevant income will be generated from event to the levels of 42,800, which can
help in generating high level of income from the event (Saayman & Saayman, 2014).
Conclusion and Recommendations:
The overall assessment directly helps in evaluating the financial performance of the
organisation over the period of two financial years. The financial conditions of the
organisation is relative not adequate as the company is generating losses and the balance
sheet is relatively deteriorated in value. This decline in the overall financial conditions of the
company is relatively hampering is operational capability and leading to more problematic

SPORT, EVENTS FUNDING, AND FINANCE
17
conditions. The relevant reduction in the grant income has indicated that the organisation will
lose exponentially if the company does not get the grant income from the government. Lastly,
adequate information about the new event has been described, where the relevant disclosure
about the relevant income and net profits from the event are depicted. The All-star event
would mainly be conducted in a venue, which would allow the company to achieve adequate
income and profits.

SPORT, EVENTS FUNDING, AND FINANCE
18
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