SEA $145$ WINTER $2021$ EVENT FINANCIAL MANAGEMENT

ASSIGNMENT #$4$: SEE INSTRUCTIONS AT THE BOTTOM OF PAGE

YORK REGION INTERNATIONAL CRICKET TOURNAMENT

$2018$ CASH FLOW BUDGET $-$ First Quarter

Allocations Q$1$ Cash Flow Budget Assumptions Q$1$

CASH IN

Earned Income

Ticket sales $$110,000$ Budget to receive $50\%$ Feb; $50\%$ March

Tickets Handling Fees $$6,600$ Allocate $6\%$ of ticket sales

Gate Entertainment day n$/$a n$/$a

Concessions n$/$a n$/$a

Merchandising n$/$a n$/$a

Contributed Income

Advertising sales $$5,000$ Budget to receive $50\%$ March

Sponsorships $$40,000$ Budget to receive $20\%$ Feb; $80\%$ March

Grants $$65,000$ Budget to receive $25\%$ Jan; $75\%$ March

Major Gift $$300,000$ Budget to receive $100\%$ Jan

Small Gifts $$10,000$ Q$1$ Equal montly allocations

Other Income

Interest Income $$2,000$ Q$1$ Equal monthly allocation

CASH OUT

Tournament production$/$presentation

Production tournament $$50,000$ Deposit due March $1-100\%$

Entertainment $$20,000$ Deposit due March $15-100\%$

Teams travel costs $$20,000$ Deposit due Feb $15-100\%$

Teams hotel costs $$25,000$ Deposit due Jan $15-100\%$

Venue and hospitality $$30,000$ Deposit due on April $1$st $-100\%$

Marketing and promotion

Marketing costs $$35,000$ Budget $35\%$ in January; $25\%$ in February; balance in March

Concession costs n$/$a n$/$a

Merchandising costs $$27,500$ Deposit due Jan $31-100\%$

Small gift Campaign $$10,000$ Budget $20\%$ Feb; $80\%$ March

Operations

Operations and Administration $$50,000$ Q$1$ Equal montly allocations

Salaries $$125,000$ Q$1$ Equal montly allocations

ASSIGNMENT #$4$ INSTRUCTIONS:

Develop the $2018$ Q$1$ Cash Flow Budget for YRICT $-$ including the cash flow budget FY$2017$ as baseline

Your format must include a $15-$month Cash Flow Budget

Q$1-$ January, February, March

A$.$ Complete the cash flow budget using the budget allocations and assumptions on this sheet $-$ columns D and E

B$.$ Include the following additional cash transactions for your $2018$ Cash Flow Budget for Q$1$:

Accounts Receivable $$50,000$ Budget to receive payments as such: $50\%$ Jan, $50\%$ March

Accounts Payable $$60,000$ Budget to pay equal amounts from January to March $2018$

Loans payments $$125,000$ Plan to allocate equal amounts every other month from January to December $2018$

Cash$-$in of short term investments $$30,000$ Budget to receive $100\%$ in March

Notes to budget:

The Tournament will be held in August

Starting Cash: as per cash flow already completed YRICT CF Budget FY $2017$