I propose that we vote to approve the 2011 420 5K operating budget at the March General Meeting. We are proposing an expansion of the race to up to 2,000 runners and this requires that we use electronic timing and additional security. The proposed fixed costs for 2011 are $7,650 vs $5,850 in 2010. The entry fee will be raised to $28 per runner to accommodate a $4 wristband sale back to the festival promoter and a $4 payment to the beverage vendor to provide the “free beer” for each runner. Due primarily to these factors and the rise in the cost of shirts, the cost per runner (variable cost) will rise from $7.80 in 2010 to $16.25 in 2011. Given this cost structure, the event will require approximately 800 runners to breakeven. If we achieve our goal of 2,000 runners, we'll net approximately the same amount as we did in 2010.
Best Case Worst Case
# Runners 2,000 800
Income 56,000 22,400
Fixed Costs 7,650 6,650
Variable Costs 32,500 13,000
Net Income 15,850 2,750
Thanks to the loyal sponsors of this year's event:
Presenting:
Gold:
Silver:
Candler Park Movie Nights are FREE and take place in Candler Park at dusk. Movie night is produced by Friends of Candler Park and funded by CPNO.