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02. b. Powabunga Vail 2021 FINAL BUDGET Re-save
REVENUE POWABUNGA 2021 - ROLL- UP Ancillary Revenue Revenue Roll-Up ACTUAL Municipal Funding $300,000.00 Ancillary Revenue $372,500.00 Food + Craft vendor revenue $500.00 Festival Ticket Revenue $1,264,026.00 Brand Partnerships $72,000.00 After Party Ticket Revenue $143,320.00 Ancillary Revenue Goal $372,500.00 Concession Revenue $252,109.19 Festival Ticket Sales Actual Current Ticket Sales Merchandise Revenue $4,024.03 2-Day GA @ $199 19,900.00 100 Total Revenue Projection $2,035,979.22 2-Day GA @ $229 45,800.00 200 2-Day GA @ $249 1,087,134.00 4,366 Expense Roll-Up Friday Single Day GA @ $129 3,267.00 33 After Party Expense $68,621.00 Saturday Single Day GA @ $149 37,539.00 291 $74,965.00 2-Day VIP @ $399 33,516.00 84 $18,320.00 2-Day VIP @ $499 166,167.00 333 Cost of Goods $66,410.45 VIP Upgrade 5,000.00 20 Equip Rental $100,144.60 Pending Festival Ticket Revenue $1,398,323.00 5,427 Fuel $4,878.81 Processed Refunds $134,297.00 Insurance $8,153.00 NET Festival Ticket Revenue $1,264,026.00 Labor $232,394.50 Pending After Party Ticket Sales Actual Lodging $68,540.00 Bunga Brunch 2,500.00 50 Marketing $62,767.00 Friday - Buckhorn 64,080.00 1,602 Merch Cogs $7,989.00 Saturday - Ski House 79,240.00 1,981 Payroll $1,885.00 After Party Ticket Sales Revenue $143,320.00 3,583 Permits $500.00 CONCESSION REVENUE Actual Photo + Video $25,681.00 DAY ONE Concession Sales $138,358.00 POS $4,089.75 DAY TWO Concession Sales $147,120.00 Production $231,959.00 Projected Gross Sales $285,478.00 Signage $4,972.00 SALES TAX 8.40%Supplies $3,525.74 SALES TAX $22,121.91 Talent - Day One $83,000.00 Tax Adjusted Gross Sales $263,356.09 Talent - Day Two $422,500.00 CC FEES 3.75%Talent Escalator $112,550.00 CC FEES $3,746.90 $42,740.00 Concession Revenue $259,609.19 $3,297.00 NPO Donation $7,500.00 Total Expense Projection $1,649,882.85 ACTUAL NET Concession Revenue MERCHANDISE $252,109.1 9 Actual NET EVENT CONTRIBUTION $386,096.36 Festival Merch Sales $4,425.00 VIP Experience Wristbands / Creds Pending Art Program Artist Hospitality Pending POWABUNGA VAIL 2021 BUDGET 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