iGolfEvents puts the power of total golf event planning in your hands. Simply and online.
iGolfEvents puts the power of total golf event planning in your hands. Simply and online.
Prior to choosing a location, it is important to set up budget goals for each portion of your event. When you decide on a purpose for your event, it may make the process of deciding how much you want to raise an easier task. For example, if your school needs new equipment for a computer lab and that will cost $100,000 then your goal to raise that amount is easily established.
However you may just want to raise money for Cancer research, pick a number that is high but attainable, if you don’t put down a goal on paper, you will never achieve it.
Take a look at these examples of tournament budgets to see examples that have worked in the past. This first example is from a 144 player event with modest expenses and costs involved.
| Revenue | 144 Players | |
| Hole Sponsors, 18 X $100 | $18,000 | |
| 144 Golfers X $200 | $28,800 | |
| Title Sponsor | $5,000 | |
| Hole in One Sponsor | $1,500 | |
| Contests | $700 | |
| Auctions | $5,000 | |
| Mulligan | $4,000 | |
| Raffle | $2,500 | |
| $65,500 | ||
| Expenses | ||
| Golf Cost $100 X 144 | ($14,400) | |
| Food & Beverage, $48 x 144 | ($6,912) | |
| Gifts, $50 X 144 | ($7,200) | |
| Trophies | ($250) | |
| Prizes | ($800) | |
| Postage | ($600) | |
| Signs | ($500) | |
| ($30,662) | ||
| Net Profit | $34,838 |
