DEVELOPING A GOLF TOURNAMENT BUDGET THAT FITS YOUR SITUATION
Developing a Golf Tournament Budget is one of the first steps to event planning. You can raise more money if you treat your event like a business. Revenue is the key to raising money for your cause. Turn every expense into a revenue stream by selling sponsorships to cover the cost and more. Keep track of all income and expenses and stay conservative with prizes and brochures until you have a successful event.
Here are sample budgets. Your budget may be different but should have similar Income Source Minimum Maximum.
Title Sponsor 1 @ $5000.00 $ – $ 5,000.00
Major Sponsor 1-3 @ $1000.00 $ 1,000.00 $ 3,000.00
Hole in One Sponsor 1-4 @ $500.00 $ 500.00 $ 2,000.00
Longest Drive Sponsor 1-4 @ $500.00 $ 500.00 $ 2,000.00
Closest to the Pin Sponsor 1-4 @ 500.00 $ 500.00 $ 2,000.00
Hole Sponsors 10-18 @ $200.00 $ 2,000.00 $ 3,600.00
Golfers 100-144 @ $125.00 $ 12,500.00 $ 18,000.00
Mulligans 100-200 @ $10.00 $ 1,000.00 $ 2,000.00
Raffle 200-400 @ $5.00 $ 1,000.00 $ 2,000.00
Auction $ 500.00 $ 1,500.00
TOTAL $ 19,500.00 $ 41,100.00
Expenses Source Minimum Maximum
Greens Fees 100-144 @ $50.00 $ 5,000.00 $ 7,200.00
Food & Beverage 100-144 @ $15.00 $ 1,500.00 $ 2,160.00
Player Gifts 100-144 @ $25.00 $ 2,500.00 $ 3,600.00
Prizes & Awards $ 250.00 $ 500.00
Signs & Banners 10-18 @ $25.00 $ 250.00 $ 450.00
Printing & Creative* $ – $ 1,000.00
Postage** $ – $ 500.00
TOTAL $ 9,500.00 $ 15,410.00
NET $ 10,000.00 $ 25,690.00
