1. Your budget should include:
   1. Capital cost relating to construction and renovation of facilities and infrastructure.
   2. Operational costs.
   3. Costs related to adapting infrastructure in the post games period (legacy).
   4. Estimated revenues generated by the sales of tickets, merchandise, sponsorship and broadcast rights.
2. Revenue estimates should be based on a realistic assessment of potential income backed up with supporting arguments. Consideration should be given to risk factors involved with project and the need for contingency funds.

Your budget draft can be a table or spreadsheet with explanations on how you calculated the numbers. Teams should research previous event bids (e.g. Olympics, Pan Am Games, Special Olympics, etc.) and use proportional math to determine your numbers using the number of people as the point of comparison. For example, if event A has 10,000 people and event B has 100,000 people, and event A allocated $50,000 for sponsorships, what is the estimated amount event B should allocate for sponsorships? The answer is ($50,000 x 100,000) / 10,000 = $500,00. I am not looking for accuracy, I am looking for a realistic budget. You will need to convert dollars to U.S. currency and may need to adjust for inflation. final budget section is representative of Sydney Australia.