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02. b. Powabunga Vail 2021 FINAL BUDGET-2
POWABUNGA VAIL 2021 BUDGET REVENUE Ancillary Revenue Municipal Funding $300,000.00 Food + Craft vendor revenue $500.00 Brand Partnerships $72,000.00 Ancillary Revenue Goal $372,500.00 Festival Ticket Sales Actual Current Ticket Sales 2-Day GA @ $199 19,900.00 100 2-Day GA @ $229 45,800.00 200 2-Day GA @ $249 1,087,134.00 4,366 Friday Single Day GA @ $129 3,267.00 33 Saturday Single Day GA @ $149 37,539.00 291 2-Day VIP @ $399 33,516.00 84 2-Day VIP @ $499 166,167.00 333 VIP Upgrade 5,000.00 20 Festival Ticket Revenue $1,398,323.00 5,427 Processed Refunds $134,297.00 NET Festival Ticket Revenue $1,264,026.00 After Party Ticket Sales Actual Bunga Brunch 2,500.00 50 Friday - Buckhorn 64,080.00 1,602 Saturday - Ski House 79,240.00 1,981 After Party Ticket Sales Revenue $143,320.00 3,583 CONCESSION REVENUE Actual DAY ONE Concession Sales $138,358.00 DAY TWO Concession Sales $147,120.00 Projected Gross Sales $285,478.00 SALES TAX 8.40% SALES TAX $22,121.91 Tax Adjusted Gross Sales $263,356.09 CC FEES 3.75% CC FEES $3,746.90 Concession Revenue $259,609.19 NPO Donation $7,500.00 NET Concession Revenue $252,109.19 MERCHANDISE REVENUE Actual Festival Merch Sales $4,425.00 Artist Merch Sales - 75/25 split?$0.00 Projected Gross Sales $4,425.00 SALES TAX 8.40% SALES TAX $342.90 Tax Adjusted Gross Sales $4,082.10 CC FEES 3.75% CC FEES $58.08 NET Merchandise Revenue $4,024.03 POWABUNGA 2021 - ROLL-UP Revenue Roll-Up ACTUAL Ancillary Revenue $372,500.00 Festival Ticket Revenue $1,264,026.00 After Party Ticket Revenue $143,320.00 Concession Revenue $252,109.19 Merchandise Revenue $4,024.03 Total Revenue Projection $2,035,979.22 Expense Roll-Up After Party Expense $68,621.00 Art Program $74,965.00 Artist Hospitality $18,320.00 Pending Cost of Goods $66,410.45 Equip Rental $100,144.60 Pending Fuel $4,878.81 Insurance $8,153.00 Labor $232,394.50 Pending Lodging $68,540.00 Marketing $62,767.00 Merch Cogs $7,989.00 Payroll $1,885.00 Permits $500.00 Photo + Video $25,681.00 POS $4,089.75 Production $231,959.00 Signage $4,972.00 Supplies $3,525.74 Talent - Day One $83,000.00 Talent - Day Two $422,500.00 Talent Escalator $112,550.00 VIP Experience $42,740.00 Pending Wristbands / Creds $3,297.00 Total Expense Projection $1,649,882.85 ACTUAL NET EVENT CONTRIBUTION $386,096.36