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Budgeting

Events have to run on a fixed budget, as the amount you will receive from profits, donations, and sponsors is limited. It is crucial to determine the items to purchase and plan accordingly, leaving room for emergency funds — things can and will go wrong. For example, you may drop a supply and break it. The best way to plan finances is through a spreadsheet, as it allows you to use the "SUM(range)" feature to add up costs accurately. Don't forget to include the HST or other applicable taxes. 

Item
Cost ($)
Quantity
Venue
2000
1
Venue
2000
1
Chairs
30
50
DJ
400
1
Table
100
3
Pizza
20
10

What is the cost of this event?

Venue ($2000 x 1) + Chairs ($30 x 50) + DJ ($400 x 1) + Tables ($100 x 3) + Pizza ($20x10) = $4400

Most form platforms have integrated storage — Google forms can automatically convert your information into a spreadsheet. Take advantage of these features to keep your information organised. 

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