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Developing a budget for your event is an essential part in effective event planning. Your budget may be set in terms of an allocation of funds however there are other initiatives you can undertake to increase the overall event budget. An event budget relying on a source of income will need to be regularly monitored and updated, as it may affect expenditure. Plan for the unexpected and provide a 10-15% contingency plan. Your budget may include the following:
Every dollar spent in the organisation of an event has an impact.
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