After Burn 07: Financial Report

topic posted Wed, October 24, 2007 - 5:02 PM by  Napalm
Dear Cascadians at large.

As promised here is the After Burn 07 financial report.
All revenue was from Door Sales only.

Based on this the estimated total turnout for both locations combined (compensating for the Back Door policy), was approximately 500.
The (paying) attendance at the Waldorf was 433.

The Cash is now being transfered to the "Burn BC Community Development Fund".
We are nearly settled out with all the Contributing Artist.
All "Shareholders" will receive letters of recognition stating the shares and honorariums they received/donated.

Detailed Financial
Only the Executive Directors currently have access to the detailed books. (The Directors will be listed on the site soon)
This may change in the future, to include people that want to sit on the Community Advisory Board.
There are many reasons for this.

More discussions on this issue (if it is an issue), will be tabled at the Town Hall in the new year.

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The Actual PDF is currently only posted to the Yahoo Group.
The Shares were spread out amongst the Contributing Artists, Contributing Participants, The Volunteer Army and the Administrative Body.
Expenses were a combination of transportation, gear rental, sound man, Art Supplies, and equipment purchase. (A ladder, cash box, etc.)

A couple of points that effect the financial picture:

* In order to sort out the Pioneer 1000: we have left the $500 deposit with the Waldorf, until this matter is sorted out.
This means that the Bank Account will be short $500 until this gets sorted out. As soon as the matter is resolved the list will know.

* We may (or may not) be contributing to the recovery of the CDJ Pioneer 1000 (there are some sketchy sound man details to sort out)


Final Result:

Given that we will see the deposit returned and will not be on the hook for the CDJ 1000...
Ultimately the Final Tally looks like this.

* $2895: To the Burn BC Community Development Fund
* 29,670: Shares in the Burn BC share Pool.

What this means is that 1/3rd of the events revenue was successfully donated to the Burn BC Community Development Fund.
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A similar report will be released for the Cirque De Sag.
Anyone who has received shares "owns" a chunk of Burn BC (when it becomes a community corporation on 08/08/08)

In the new year we will host an open Town Hall.
This town Hall will review what we've learned, communicate the Burn BC is goals, and look for input on how people want to participant in the development of Burn BC as a community development tool to produce and manage The Cascadia Burn.

The more we add to the Community Development Fund the closer we are to The Cascadia Burn.
So far I think we're off to a good start.

If you have any questions or comments, please feel comfortable venting them on the Yahoo list.
No opinions are irrelevant.

Thank you,
<.o0o.>
Napalm Dragon
778.885.4321
posted by:
Napalm

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