Sample Budget

Auction Budget Sample

The following sample budget will assist you in thinking through your expendidures and anticipated revenue.  It is provided as a guide only, and the user accepts full responsibility for its use.  NWBA, Inc. makes no claims as to it's completeness or accuracy.

 Click here to download a sample budget in an Excel format.

 

Budget Considerations:

  • Try to list all potential expenses, no matter how small
  • A "donated" service is still a budget item - list it as an expense and ofset it with an donation, but don't ignore it
  • A good target number for a budget is 20% to 25% of the gross revenue
  • Keep committee "honest" by not allowing any member to spend money off budget
  • Use prior year numbers to test current year budget appropriateness
  • Use Auction Software to manage the event and to track real expenses.  You will be able to report expenses versus income easily after the event

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 Free Guides! 

  1. "Top Ten Pitfalls of Silent Auctions - and How to Fix Them!"
  2. "The ABC's of Auction Procurement" 
  3. "The Top Ten Pitfalls of LIVE Auction Planning" 

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