Republic of the Philippines

Laguna State Polytechnic University

Province of Laguna

College of Business Administration and Accountancy

Name: Sanchez, Nadeen L.

Section & Year: 4BSOA4
Subject: OFAD 6 – Event Management
Instructor: Ms. Ismaela Bawica
Module 3 - Performance Task Asynchronous

1. Make a small event that will help your community and indicate the budget allotted for it.

Skills Development Training and Medical

Mission Event
Number of Attendees 200
Resource Speaker (2) ₱ 10,000.00
Venue Rental (Elementary School -
Gymnasium)
Sound System 5,000.00
Food and Beverages 20,000.00
Entertainment 7,500.00
Medical Retainers -
Medical Equipments 15,000.00
Medicines 20,000.00
Total ₱ 77,500.00
Average Cost per Attendee ₱ 387.50

2. Make a list of your expenses or budget for a week.

Budget for a Week

Days of the week 7

Food ₱ 1,000.00
Water 210.00
Zayn and Zion snack for school 300.00
 Nadeen's Allowance 1,000.00
Other Expenses 500.00
Total ₱ 3,010.00
Average Cost per Day ₱ 430.00

3. Discuss the important features of budgeting with example.

Making a budget allows you to see how much money you have, how much you have spent, and
how much funds you will need in the future. A budget can influence critical business decisions such as
cutting unnecessary expenses, increasing staff, or purchasing new equipment. You can keep your
company out of debt or discover ways to reduce the debt it is currently experiencing with the right
budgeting plan. A detailed budget can be used to secure business loans from banks or other financial
institutions.
References:
Krishnan, V. (2021, August 20). Business budget 101: Importance, Components and Types | Zoho
Books. Essential Business Guides. https://www.zoho.com/books/guides/basics-of-business-
budgets.html