Insights on Festival Considerations and Financial Analysis
Explore a detailed analysis of various festivals, including the 2004-2019 Festival in Sycamore, Madeira Independence Day Festival, and Deer Park Days in the Park Festival. Compare revenue, expenses, and net costs, highlighting profitability factors such as beer sales. Discover ways to contribute to enhancing events through the Parks Advisory Committee. Gain insights on improving event planning and financial management for successful future festivals.
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Festival Considerations
2004-2019 Festival in Sycamore - Income, Expenses, and Net Cost (SOURCE: TOWNSHIP-PROVIDED ANNUAL FESTIVAL ACCOUNTING FIGURES) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 $200,000.00 $189,847 Total Revenues Total Expenses Net Cost $162,640 $142,151 $150,000.00 $129,276 $119,469$125,269 $123,615 $114,265 $109,200 $96,651 $90,930 $100,000.00 $82,681 $67,610 $66,089 $57,496 $55,911 $55,844 $49,156 $45,365 $44,362 $43,065 $40,573 $50,000.00 $34,415 $33,653 $33,364 $32,210 $31,358 $27,948 $21,038 $22,106 $19,308 $13,562 $- -$33,879 -$36,458 $(50,000.00) -$42,282-$47,865-$51,323 -$45,504 -$47,495 -$63,835 -$69,358 -$78,895 $(100,000.00) -$90,251 -$94,861-$97,789-$94,958 2004-2019 Festivals Gross Cost: $ 1,733,029.87 Net Cost: $ 1,185,637.01 -$134,692 $(150,000.00) -$156,194 $(200,000.00)
Madeira Independence Day Festival Event & Fireworks Total Cost is under $15k/yr.
2019 Deer Park Days in the Park Festival TOTAL Gross Expenses: $ 29,745.56 $10,634.97 for booth and ride-related expenses + $19,110.59 for entertainment, fireworks, etc. Total Receipts: $ 43,862.25 $8,227 received from sponsors and vendors + $35,635.25 in other revenues
2019 Deer Park Days in the Park Festival Deer Park made a $ 14,116.69 PROFIT Beer Sales were a big factor in that 47% of the DP Festival revenues ($20,646) came from beer sales But even if you net out those beer revenues ($20,646) & the cost of beer sale supplies ($6,732.12), Deer Park still broke even --- Comparison to 2019 Festival in Sycamore Receipts = $ 33,364 / Gross Cost = $ 123,615 / Net Cost = $ 90,251 Sycamore s Gross Cost was > 4x higherthan Deer Park s
How You Can Help Bring New & How You Can Help Bring New & Better Events to our Parks: Better Events to our Parks: Apply to become part of our new Apply to become part of our new Parks Advisory Committee Parks Advisory Committee Send your resume or a brief biography to Township Administrator Ray Warrick at 8540 Kenwood Road or email it to rwarrick@sycamoretownship.org. Include your name, address, phone number, email address, and tell us how long you ve been a Sycamore Township resident.
How You Can Help Bring New & How You Can Help Bring New & Better Events to our Parks: Better Events to our Parks: Send us your ideas & suggestions for Send us your ideas & suggestions for events in our parks and in our community. events in our parks and in our community. Got a great idea for an event in our parks? Want to Volunteer to help or have a thought you d like to put into action? Please email details to rwarrick@sycamoretownship.org or call (513) 791-8447
