pbp2007 Posted February 7, 2011 Posted February 7, 2011 (edited) Sigh.... The Olympic Cycles/Pres Les/Foord Asset Journey 4 Sight n Service is organised by the Lions Club of Kirstenbosch. I am a volunteer assistant to the convener. As financials for this year’s event are not yet finalised, I’ve provided figures for 2010, which offered both a long and a short ride. In 2011 we were allowed to run the event on condition we had only one ride. As a result, this year we lost income from an estimated 200 riders. Although financial details involving paper cups, string and Prestik may be of interest to some, I’ve extracted only the more significant numbers. Bear in mind that we see this as a fund-raising venture for charity. Others might use the income in other ways, for instance to profit themselves, or to offset the entry fees. Suffice it to say that the event’s viability is significantly dependent on sponsors and volunteers – some of whom only come in not because of cycling, but because of the association with Kirstenbosch Lions. INCOME (summary, in the interests of brevity)Online entries: 29 881Late entries: 41 515Sponsorships: 42 450Total income: 120 686 EXPENSES (summary, in the interests of brevity)Pedal Power fee: 11 500Late entry “premium” paid to PPA: 1 712Temporary numbers/CSA licence fee: 495CSA fee (R2 per rider): 2 200CSA licence fee: 1 274Traffic department fee*: 8 630*Reduced after representations – they quoted close to R20 000Medical team: 3780Venue hire: 3 500Marshals*: 12 100*NSRI, service clubs, Hamnet, etcMedals: 12 350Total expenses: 68 541Profit (allocated to Lions Projects Fund): 52 145 Our fees are in line with PPA recommendations - similar to other rides. This year, pre-entry was R75/R85 for PPA/non-PPA. Late entry was R105/R125. Edited February 7, 2011 by pbp2007
Seeker911 Posted February 7, 2011 Posted February 7, 2011 R12 K for medals ? If they where nice ones I would'nt mind but cant remember the last time I got a decent medal. Think I'd prefer a cold beer
Hairy Posted February 7, 2011 Posted February 7, 2011 Did a GREAT ride at a Navchallenge event over the weekend. R150.00 gets one into the raceNo PPA or CSATremendously good goodie bagWho needs medals anywayExtremely well organised and communicated eventALL monies go straight to charityI WILL do this event again! SEE THIS LINK Hairy
bikemonster Posted February 7, 2011 Posted February 7, 2011 Hi, I would like to know where does all the money go that race organizers get from all the entry fees? Have you never been to the PPA offices? Wall to wall Ferraris, Porsches and Maseratis. Everybody knows, race organisers are the new tenderpreneurs. :rolls eyes:
drubin Posted February 7, 2011 Posted February 7, 2011 Did a GREAT ride at a Navchallenge event over the weekend. R150.00 gets one into the raceNo PPA or CSATremendously good goodie bagWho needs medals anywayExtremely well organised and communicated eventALL monies go straight to charityI WILL do this event again! SEE THIS LINK Hairy That event was awesome! by far the best event I have been to (not that is saying much) . you forgot we each go free pair of glider sunglasses. There were even prizes for teams that were last to finish. Very well organized.
Hairy Posted February 7, 2011 Posted February 7, 2011 Jip ... Glider Polarized sunnies to the value of R450.00 .....
The Guy in Pink Posted February 7, 2011 Posted February 7, 2011 (edited) Here is an actual race budget2005 RACE BUDGET 1000 RIDERS on the main event & 700 on the Hundred" Item Expense Sub Totals Expenses Income "Sub Totals Income" Advertising & Marketing GNC Calendar Fee 800.00 Pamphlets 2000.00 Postage & Courier 500.00 SMS's 10 000 2500.00 Radio Spots FREE 0.00 Kutama Local Community Flags etc 2500.00 Schools on route 2000.00 Banners Sponsor Accommodation Sub Total Advertising & Marketing 10300.00 Medals & Prizes 180 km medals 1000 15000.00 100km medals 700 10500.00 New Die 100km 550.00 Fun Ride Medals 100 1250.00 Prizes 175km 40000.00 Prizes 100km 5000.00 Yellow & Pink Jerseys 3000.00 Sub Total Medals & Prizes 75300.00 Meals Breakfast - Waterpoort 1000 x 10 10000.00 Lunch - Vivo 1000x 15 15000.00 Chocs & Snacks at Schoemansdal 7500.00 - Tables & chairs 3000.00 Refreshments - coke etc 0.00 Tea Coffee etc 1500.00 Water at Vivo (Pennels?) 3000.00 Sub Total Meals 40000.00 General Expenses New Race Numbers 2000 x 5 10000.00 Toilet Hire 20000.00 Permits 100.00 Winning T Travelling 3 x 1000km 9000.00 Winning Time air Fares 5000.00 Winning Time accommodation 2000.00 Winning TimeTiming 175km 20000.00 Champion Chip Timing Fun Ride Champion Chip Timing 100km 8000.00 GNC Fees 1600x 3.50 9500.00 Road Marking Paint 1000.00 General Expenses Continued Round Table Marshalling 10000.00 Rotary Marshalling 100km race 2500.00 Megaphones & PA system Tunnel lights 1000.00 First aid Ambulances (at least 2) 4000.00 First Aid Boxes 20 5000.00 Telephone Account MPT 5000.00 Telephone Account KE 3000.00 Stationary & Photo copying 2000.00 Meal Tickets Final instruction etc 2000.00 Official Vehicles identification 1000.00 Marshall Jackets & Flags Gifts & Certificates 3000.00 Officials Golf Shirts 50 x 50 Cutting Grass, Gates, Potholes 15000.00 Cost of Cycle lab entries R 25 + vat p entry 48450.00 Cost of Cycle lab entries Banking 5.5% 17000.00 Insurance 7500.00 Signage 3000.00 Entertainer Carnival 3000.00 Big Tent 3000.00 General Expense contingency 10000.00 Sub Total General Expenses 230050.00 Income From Cyclists Cyclelab entries 175 km 1000 x 250 250000.00 Line entries 175km 100 @ 300 30000.00 Cycle Lab entries100km = 500 x100 50000.00 Line entries 100km 200x 120 24000.00 Cycle Lab entries fun 50 x 40 2000.00 Line entries Fun Ride 50 x 40 2000.00 Supporters bus Tickets 300 x 120 Meal Ticket sales 400 x 25 Sub Total Income from Cyclists 358000.00 Total Expenses & Income 355650.00 358000.00 Surplus 2350.00 % of turnover 0.66% % of Cost 0.66% Edited February 7, 2011 by The Guy in Pink
scotty Posted February 7, 2011 Posted February 7, 2011 And Kremetart has excellent value goody bag, potjie kos and little snack hamper when departing the next morning.
Guest Big H Posted February 7, 2011 Posted February 7, 2011 Teardrop seems not to be very well informed..... But I want to challenge him..... Instead of bitching groaning moaning and whining, I want him to volunteer to the club in the area where he lives to help them with the mangement and organising of their next race. He ..... And all the rest who questioned the efforts of those who bring you your racing...... can then come back and firsthand explain to us where all the money goes..... Teardrop I am sure you do not have the guts to do what I challenge you to do.
Teardrop Posted February 8, 2011 Author Posted February 8, 2011 IT GOES TO ZUMA!! .............................BLOODY AGENTS!!!!!
Guest Big H Posted February 8, 2011 Posted February 8, 2011 .............................BLOODY AGENTS!!!!! As I thought..... you will just keep on whining and do nothing. You deserve no answer on where the money goes.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now