Charity Church sponsors a three-day youth camp in Bear Mountain Park. Charity provides a $500 grant for the event and collects $130 from each camper. The camp director expects 40 campers to attend and anticipates the following expenses:

Campground fees $350 for 3 days

Bus transportation $1,225 (60 rider capacity)

Equipment rental $40 per camper

Meals $65 per camper

1. Determine the special purpose budget for the camp. Show revenues and expenses by line item and show the expected profit or loss.

1. Provide a flexible budget assuming a 10% increase in the number of campers.