Southside Rhythm Fest

Statement of Financial Position

As of July 31, 2023

Total
Cash with bank 586,518.64

Ticket Sales
SM Tickets 671,090.72
Unreturned Tickets from Eagles 186,640.00
Sold Tickets of Eagles 71,400.00
WCA 16,700.00
Balamban Liempo 9,090.00
Unreturned Tickets from Ayan Velez 5,200.00
Red Cross 4,000.00
Ole Resto Bar Ticket Sales c/o Sir Alan 3,825.00
Total Receivables from Ticket Sales 967,945.72

Other Receivables
Security Deposit from Filinvest 250,000.00
Due from Related Party (Alan Lucar) 150,000.00
Cash bond 58,850.00
Food concessionaires 50,000.00
Coupon for SSVIP (Alcoholic drinks) 28,050.00
Nature's Spring Commission 600.00
Total Other Receivables 537,500.00

Total Receivables 1,505,445.72

Total Cash and Receivables 2,091,964.36

 Southside Rhythm Fest
Statement of Comprehensive Income
As of July 31, 2023

Total
Revenue
Ticket Sales (see "Annex C")
Cash Sales - In house, net of commission 1,867,995.00
Sold Tickets of Eagles (see "Annex E") 71,400.00
Net Sales of SM Tickets 671,090.72
Total Ticket Sales 2,610,485.72

Other Income
Cash Receipts on Sponsorship (see "Annex A") 1,810,767.85
Sales on Beer 231,065.00
Food concessionaires (see "Annex B") 198,500.00
Total Other Income 2,240,332.85

Total Revenue 4,850,818.57

Expenses (see "Annex D")

Venue 460,000.00
Artists and Hosts 3,000,000.00
Na onal Ar st's Accomoda on and Transporta on 157,110.00
Influencers 135,000.00
Marketing 615,774.97
Manpower 185,625.00

Food 167,010.00
Professional Fee -
Others 1,084,538.32
Total Expenses 5,805,058.29

Net Loss (954,239.72)

 Southside Rhythm Fest
Profit and Loss Report
As of July 31, 2023

Cash Receipts Total Cash Collected Balance

Opening of account 50,000.00 50,000.00 -
Interest 79.08 79.08 -
Jon Dave deposit 218,000.00 218,000.00 -
Sponsorship (see "Annex A") 1,938,000.00 1,810,767.85 127,232.15
Sales on Beer 231,165.00 231,165.00 -
Food concessionaires (see "Annex B") 198,500.00 148,500.00 50,000.00
Other cash receipts (excess on disbursed amount) 102,506.67 102,506.67 -
Total 2,738,250.75 2,561,018.60 177,232.15

Ticket Sales (see "Annex C")

Cash Sales - In house, net of commission 1,867,995.00 1,799,380.00 33,615.00
Sold Tickets of Eagles (see "Annex E") 71,400.00 - 71,400.00
Unreturned Tickets from Eagles (see "Annex E") 186,640.00 - 186,640.00
SM Tickets 671,090.72 - 671,090.72
Total Ticket Sales 2,797,125.72 1,799,380.00 962,745.72

Loan from Rosalie Young, net of interest - 2,510,733.33 (2,510,733.33)

Total Cash Receipts 5,535,376.47 6,871,131.93 (1,370,755.46)

Expenses (see "Annex D") Total Payment Made Balance

Venue 855,000.00 460,000.00 395,000.00
Artists and Hosts 3,000,000.00 3,000,000.00 -
National Artist's Accomodation and 157,110.00 157,110.00 -

Influencers 135,000.00 135,000.00 -

Marketing 635,034.97 615,774.97 19,260.00
Manpower 445,625.00 185,625.00 260,000.00
Food 215,180.00 167,010.00 48,170.00
Professional Fee 320,000.00 - 320,000.00
Others 3,784,538.32 1,084,538.32 2,700,000.00
Total Expenses 9,547,488.29 5,805,058.29 3,742,430.00

Total (4,012,111.82) 1,066,073.64 (5,113,185.46)

Total Payment Made as of July 22 1,066,073.64

Security Deposit (refundable) 250,000.00
Due from related party 150,000.00
Cash bond 58,850.00
Cash in bank as of August 2 607,223.64
 Southside Rhythm Fest
List of Collectibles

Total Cash Collected Balance Remarks

Sponsorship 1,938,000.00 1,810,767.85 127,232.15
collected by Sir Mike, for the payment of manpower
Security Deposit from Filinvest 250,000.00 - 250,000.00 Refund will be processed after routing of event clearance to
different FAI Dept.
Food concessionaires 198,500.00 148,500.00 50,000.00 Sir Mike bank account
Due from Related Party (Alan Lucar) 150,000.00 - 150,000.00
Cash bond 58,850.00 - 58,850.00 After paying amusement tax
Coupon for SSVIP (Alcoholic drinks) 28,050.00 - 28,050.00 Receivable from Ubec Team
Natures Spring Commission 600.00 - 600.00 c/o WCA Team
2,624,000.00 1,959,267.85 664,732.15

Ticket Sales
SM Tickets 671,090.72 - 671,090.72 estimate only, remit once they receive the scanner, scanner is
already in transit
Unreturned Tickets from Eagles 186,640.00 - 186,640.00
Unreturned Tickets from Ian Velez 5,200.00 - 5,200.00
Sold Tickets of Eagles 71,400.00 - 71,400.00
Parkmall net sales (July 16-21) c/o Ma'am Mary 119,820.00 84,820.00 35,000.00 35k was used by Sir JD for the payment of video live feed
WCA 16,700.00 - 16,700.00
Balamban Liempo 17,290.00 8,200.00 9,090.00
Red Cross 57,300.00 53,300.00 4,000.00
Alan Lucar (Ole Resto Bar Sales) 3,825.00 - 3,825.00
RD Pawnshop 6,600.00 6,600.00 -
PNP Mandaue 29,400.00 29,400.00 -
Sugbo Mercado lacking sales last July 11 9,450.00 9,450.00 -
Total Ticket Sales 1,194,715.72 191,770.00 1,002,945.72

Total 3,818,715.72 2,151,037.85 1,505,445.72 exclusive of remaining balance from Sponsors and Parkmall

SM Tickets sales computation

Total SM Ticket sales 755,520.00
Less: Commission and other charges
Commission of ticket price @ P851 and up (585,120 x 6%) 35,107.20
Commission of ticket price @ P850 and below (354 tickets x P50) 17,700.00 52,807.20
702,712.80
Bank charges @ 4.5% 31,622.08
Projected Collectibles from SM 671,090.72
 Annex A

Southside Rhythm Fest

Monitoring Sheet for Sponsorship
As of July 25, 2023
Payment Status
Sponsorship Signed
Amount Collected
Confirmed Package Amount MOA Balance Remarks
Cash Deal
1 Betrnk Presenter 1,000,000.00 Yes 1,000,000.00 -
2 Aerophone x Samsung Co-Presentor 250,000.00 Yes 122,767.85 127,232.15 This amount will be collected by Sir Mike
3 Angkas Gold 98,000.00 No 98,000.00 - 100,000 initial sponsorship less EWT of 2,000
4 MMF Gold 100,000.00 No 100,000.00 -
5 One Visaya Gaming Corp. Gold 100,000.00 No 100,000.00 -
6 Smarties Apparel Gold 50,000.00 Yes 50,000.00 -
7 Alin Cargo Express Silver 50,000.00 Yes 50,000.00 -
8 Dimsum Factory Silver 50,000.00 No 50,000.00 -
9 King Properties Inc. Silver 50,000.00 No 50,000.00 -
10 Skygo Silver 50,000.00 No 50,000.00 -
11 Island Premium/ Treasure Island Silver 50,000.00 Yes 50,000.00 -
12 Winzir Silver 50,000.00 No 50,000.00 -
13 Auto Central/ Suzuki Bronze 30,000.00 No 30,000.00 -
14 Imperial Appliances Bronze 10,000.00 No 10,000.00 -
Revenue from Sponsorship 1,938,000.00 1,810,767.85 127,232.15

Sponsorship Signed
Services
Confirmed Package Amount MOA
Ex-deal
15 Harley Davidson of Cebu Co-Presentor 500,000.00 No
16 RDAK Powersports Co-Presentor 500,000.00 No
17 Sinulog Foundation Inc. Co-Presentor 500,000.00 No
18 Cebu City Co-Presentor 500,000.00 No
19 City di Mare Co-Presentor 250,000.00 No Venue
20 Aerophone x Samsung Co-Presentor 250,000.00 Yes 1. Decorate arcs for the SSVIP, SVIP, VIP, Gold and Silver area
2. Provide and decorate arcs for SVIP/VIP Lounge, and entrance and Exit Arcs
3. Provide surprise giveaways for the attendees
21 Dynamic Power Diamond 250,000.00 Yes Two 150 KVA gen sets
22 Philippine Airlines Diamond 250,000.00 Yes Business Class, premium economy and economy tickets
23 Pepsi Diamond 250,000.00 Yes 1. Product support worth 100k
2. Product support for organizers and staff worth 50k
3. welcome arc
4. ice cooler boxes for food concessionaires
5. tents, tables and chairs for dining area
24 Globe Gold 100,000.00 No 1. 30 sets of 10x10 feet Globe Tent
2. inflatables (air balloon, air tubes, sky dancers) to make the venue for festive
3. experential booth set-up for subscribers to enjoy
25 Smart Gold 100,000.00 No 20 tents
26 Smarties Apparel Gold 50,000.00 Yes free t-shirt for staff
27 Poxel Silver 50,000.00 Yes free printing of all tarps and posters
28 Circam 360 Video Booth Bronze 30,000.00 Yes FREE 360 Video Booth for SVIP
29 Nature Springs Bronze 20,000.00 No 2000 water bottle
30 Summit Publishing Company Bronze 30,000.00 Yes free 100 spots per day LED
Total Value ex-deal 3,630,000.00

Total Sponsorship 5,568,000.00

 Annex B

Southside Rhythm Fest

List of Vendors/ Concessionaires

Paid
No. Business Name Amount Collected Balance Remarks
Food Vendor/Concessionaires
1 Airbuds Juices 5,000.00 - 5,000.00 bank transfer to Sir Mike
2 Alisha Milktea, Lemon & Shake 5,000.00 5,000.00 -
3 Aliya's BBQ 5,000.00 5,000.00 -
4 Barbie's BBQ & Seafood 5,000.00 5,000.00 -
5 BB88 Bellas Fresh Fruits and Shakes 5,000.00 - 5,000.00 bank transfer to Sir Mike
6 BB88 Fresh Fruit Juices and Hotdogs 5,000.00 5,000.00 -
7 Burger Queen 5,000.00 5,000.00 -
8 Don Juan Cold Brew 5,000.00 5,000.00 -
9 Empress Milktea 5,000.00 5,000.00 -
10 Foods Tabaiii 5,000.00 5,000.00 -
11 Fresh Lemon Juice 5,000.00 5,000.00 -
12 Genita's Lechon 10,000.00 10,000.00 - 2 stalls
13 Himamat Coffee & Tea House 5,000.00 5,000.00 -
14 Kroxsteam House 5,000.00 5,000.00 -
15 Lala Land Café 5,000.00 5,000.00 -
16 Leylam 5,000.00 5,000.00 -
17 Liam's BBQ & Seafood 5,000.00 - 5,000.00 bank transfer to Sir Mike
18 Mama Lons Eatery 5,000.00 5,000.00 -
19 Mix Eat by Jonies 5,000.00 - 5,000.00 bank transfer to Sir Mike
20 Mpoys Milktea & Snacks 5,000.00 5,000.00 -
21 Pater ni Aki 5,000.00 - 5,000.00 bank transfer to Sir Mike
22 Potatoes Ina Box 5,000.00 - 5,000.00 bank transfer to Sir Mike
23 Queen Citea 5,000.00 5,000.00 -
24 Rieza's Lemonade & Sisig Laman 5,000.00 5,000.00 -
25 Sisig Meal by Vincent 5,000.00 - 5,000.00 bank transfer to Sir Mike
26 SJ Wingstreet 5,000.00 - 5,000.00 bank transfer to Sir Mike
27 Streetfood Lovers 5,000.00 5,000.00 -
28 Tabz Sizzlers 5,000.00 5,000.00 -
29 Tagala Chicken 5,000.00 - 5,000.00 bank transfer to Sir Mike
30 Tambok's Pongko Pongko 5,000.00 5,000.00 - c/o Ma'am Loren
31 Taters 5,000.00 5,000.00 -
32 Thirsty Thirst 5,000.00 5,000.00 -
33 Tusok Tusok & Asian Street Foods 5,000.00 5,000.00 -
34 Twirly Tail 10,000.00 10,000.00 - 2 stalls
35 Vina Agang Seafoods Grill 5,000.00 5,000.00 -
36 Yellow Cab 5,000.00 5,000.00 -
37 Yumbox Fruits and Drinks 5,000.00 - 5,000.00 bank transfer to Sir Mike
Total Payment of Food Concessionaires 195,000.00 145,000.00 50,000.00

Non-food Vendors and Concessioners

38 Mellow Vape Lounge 3,500.00 3,500.00 -
Total Payment of Non-Food Concessionaires 3,500.00 3,500.00 -

Total Payment of Concessionaires 198,500.00 148,500.00 50,000.00

 Annex C

Southside Rhythm Fest

Daily Sales Report
As of July 22, 2023

TICKET SALES (EXCLUSIVE OF UNREDEEMED SALES FROM SM)

Category
Total TOTAL SALES
Date SSVIP SVIP VIP GOLD SILVER GEN AD
Quantity PER DAY
Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales
5,000.00 2,650.00 2,120.00 1,590.00 850.00 400.00
Start 0 - 0 - 0 - 0 - 0 - 0 - 0 -
Early birds 0 - 92 227,900.00 25 48,920.00 15 21,510.00 12 9,200.00 58 18,700.00 202 326,230.00
09-May-23 0 - 40 105,700.00 13 27,200.00 22 34,710.00 26 21,850.00 57 22,100.00 158 211,560.00
10-May-23 0 - 5 13,250.00 1 2,120.00 0 - 0 - 0 - 6 15,370.00
11-May-23 0 - 0 - 0 - 0 - 0 - 2 800.00 2 800.00
12-May-23 0 - 0 - 3 6,000.00 6 9,540.00 14 11,900.00 2 800.00 25 28,240.00
13-May-23 0 - 1 2,500.00 0 - 0 - 0 - 9 3,600.00 10 6,100.00
14-May-23 0 - 6 15,900.00 0 - 0 - 0 - 25 9,900.00 31 25,800.00
15-May-23 0 - 6 15,900.00 0 - 0 - 2 1,700.00 4 1,400.00 12 19,000.00
16-May-23 0 - 7 17,800.00 0 - 0 - 2 1,700.00 12 4,500.00 21 24,000.00
17-May-23 0 - 4 10,600.00 4 8,480.00 4 6,180.00 2 1,600.00 3 1,200.00 17 28,060.00
18-May-23 0 - 7 18,550.00 0 - 0 - 0 - 4 1,600.00 11 20,150.00
19-May-23 0 - 0 - 1 2,120.00 0 - 0 - 7 2,800.00 8 4,920.00
20-May-23 0 - 2 5,300.00 2 4,240.00 5 7,950.00 0 - 34 13,600.00 43 31,090.00
21-May-23 0 - 7 18,550.00 0 - 6 9,540.00 6 5,100.00 13 5,200.00 32 38,390.00
22-May-23 0 - 13 34,450.00 0 - 4 6,360.00 0 - 18 7,100.00 35 47,910.00
23-May-23 0 - 4 10,600.00 7 14,840.00 0 - 0 - 18 7,200.00 29 32,640.00
24-May-23 0 - 24 63,600.00 1 2,120.00 3 4,770.00 7 5,700.00 34 13,350.00 69 89,540.00
25-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
26-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
27-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
28-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
29-May-23 0 - 16 42,400.00 5 10,600.00 3 4,770.00 5 4,250.00 21 8,400.00 50 70,420.00
30-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
31-May-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
01-Jun-23 0 - (4) (10,600.00) 0 - 0 - 0 - 0 - (4) (10,600.00)
02-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
03-Jun-23 0 - 2 5,300.00 0 - 2 3,180.00 2 1,453.50 0 - 6 9,933.50
04-Jun-23 0 - 0 - 0 - 0 - 0 - (3) (1,050.00) (3) (1,050.00)
05-Jun-23 2 9,000.00 0 - 0 - 0 - 0 - 0 - 2 9,000.00
06-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
07-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
08-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
09-Jun-23 0 - 13 34,450.00 0 - 0 - 0 - 0 - 13 34,450.00
10-Jun-23 0 - 0 - 0 - 0 - 1 850.00 1 342.00 2 1,192.00
11-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
12-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
13-Jun-23 0 - (1) (2,650.00) 0 - 0 - 0 - (2) (800.00) (3) (3,450.00)
 Annex C

Category
Total TOTAL SALES
Date SSVIP SVIP VIP GOLD SILVER GEN AD
Quantity PER DAY
Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales Qty Net Sales
5,000.00 2,650.00 2,120.00 1,590.00 850.00 400.00
14-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
15-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
16-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
17-Jun-23 0 - 17 41,870.00 1 1,908.00 5 7,473.00 11 8,985.00 23 8,600.00 57 68,836.00
18-Jun-23 0 - 24 61,613.00 10 20,988.00 8 12,561.00 9 7,525.00 38 14,860.00 89 117,547.00
19-Jun-23 0 - 0 - 0 - 2 3,000.00 3 2,400.00 3 1,050.00 8 6,450.00
20-Jun-23 0 - 0 - 0 - (2) (3,180.00) 0 - (2) (800.00) (4) (3,980.00)
21-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
22-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
23-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
24-Jun-23 0 - 1 2,650.00 0 - 1 1,590.00 0 - 0 - 2 4,240.00
25-Jun-23 0 - 3 7,552.50 0 - 8 12,084.00 3 2,422.50 7 2,660.00 21 24,719.00
26-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
27-Jun-23 0 - 0 - 0 - (6) (9,540.00) 0 - 2 800.00 (4) (8,740.00)
28-Jun-23 0 - 5 13,250.00 0 - 9 14,310.00 1 800.00 4 1,500.00 19 29,860.00
29-Jun-23 0 - 0 - 0 - 0 - 0 - 2 800.00 2 800.00
30-Jun-23 0 - 0 - 0 - 0 - 0 - 0 - 0 -
Sales as of June 30 2 9,000.00 294 756,435.50 73 149,536.00 95 146,808.00 106 87,436.00 394 150,212.00 964 1,299,427.50

01-Jul-23 0 - 4 9,672.50 0 - 1 1,510.50 4 3,060.00 7 2,580.00 16 16,823.00

02-Jul-23 2 9,000.00 7 17,490.00 2 3,816.00 3 4,452.00 6 4,675.00 19 7,040.00 39 46,473.00
03-Jul-23 0 - 2 4,770.00 2 4,028.00 0 - 2 1,530.00 0 - 6 10,328.00
04-Jul-23 0 - 14 36,040.00 0 - 6 9,301.50 4 3,230.00 12 4,560.00 36 53,131.50
05-Jul-23 0 - 5 12,587.50 1 2,014.00 10 15,105.00 5 4,037.50 39 15,160.00 60 48,904.00
06-Jul-23 4 18,000.00 11 28,222.50 1 2,014.00 2 3,021.00 10 8,075.00 20 7,640.00 48 66,972.50
07-Jul-23 1 4,750.00 2 5,035.00 3 6,254.00 2 2,862.00 10 8,075.00 27 10,260.00 45 37,236.00
08-Jul-23 2 9,500.00 15 37,895.00 0 - 9 13,594.50 18 14,747.50 26 9,880.00 70 85,617.00
09-Jul-23 1 4,750.00 11 27,692.50 4 8,268.00 6 9,381.00 16 12,920.00 24 9,120.00 62 72,131.50
10-Jul-23 4 20,000.00 28 72,330.00 13 26,924.00 30 46,269.00 32 26,605.00 91 35,240.00 198 227,368.00
11-Jul-23 4 9,400.00 (2) (5,300.00) 0 - 0 - 3 2,550.00 4 1,600.00 9 8,250.00
12-Jul-23 0 - 4 10,600.00 1 2,120.00 0 - 0 - 4 1,600.00 9 14,320.00
13-Jul-23 0 - 0 - 0 - 0 - 0 - 3 1,200.00 3 1,200.00
14-Jul-23 0 - 0 - 0 - 2 3,180.00 0 - 3 1,200.00 5 4,380.00
15-Jul-23 0 - 0 - 5 10,176.00 0 - 4 3,400.00 7 2,800.00 16 16,376.00
16-Jul-23 0 - 2 5,300.00 (6) (12,120.00) 1 1,590.00 (2) (1,600.00) (4) (1,600.00) (9) (8,430.00)
17-Jul-23 0 - 6 15,900.00 3 6,360.00 3 4,770.00 9 7,650.00 4 1,600.00 25 36,280.00
18-Jul-23 0 - (2) (5,300.00) 0 - 1 1,590.00 7 5,950.00 2 800.00 8 3,040.00
19-Jul-23 0 - 4 10,600.00 3 6,360.00 5 7,950.00 2 1,700.00 7 2,800.00 21 29,410.00
20-Jul-23 4 20,000.00 2 5,300.00 3 6,360.00 1 1,590.00 10 8,500.00 14 5,600.00 34 47,350.00
21-Jul-23 4 19,700.00 6 15,485.00 18 37,736.00 16 25,281.00 31 25,875.00 160 61,920.00 235 185,997.00
22-Jul-23 11 20,550.00 37 89,800.00 20 42,400.00 22 34,980.00 39 31,440.00 255 101,760.00 384 320,930.00
Sales as of July 22 37 135,650.00 156 394,120.00 73 152,710.00 120 186,427.50 210 172,420.00 724 282,760.00 1320 1,324,087.50

Grand Total 39 144,650.00 450 1,150,555.50 146 302,246.00 215 333,235.50 316 259,856.00 1,118 432,972.00 2,284 2,623,515.00
 Annex C

UNREDEEMED SALES 0 - 4 10,600.00 4 8,480.00 0 - 3 2,550.00 18 7,200.00 29 28,830.00

TOTAL POSSIBLE SALES

AS OF JULY 22 39 144,650.00 454 1,161,155.50 150 310,726.00 215 333,235.50 319 262,406.00 1136 440,172.00 2313 2,652,345.00

B1T1 and B2T1 Promo 809 1,004,994.00 48% 54%

Early Birds 202 326,230.00 12% 17%
Sales from Outlets 285 297,925.50 17% 16%
Shell Banilad (1st and 2nd Sat) 3 1,795.50 0% 0%
Upgrade 4 9,400.00 0% 1%
Red Cross 141 29,400.00 8% 2%
On the day sales 236 198,250.00 14% 11%
In-house sales 1680 1,867,995.00

inclusive of commission and bank charges, SM will send liquidation report once
SM Tickets 604 755,520.00 we surrender the scanner

2284 2,623,515.00

SM Tickets sales computation

Total SM Ticket sales 755,520.00
Less: Commission and other charges
Commission of ticket price @ P851 and up (585,120 x 6%) 35,107.20
Commission of ticket price @ P850 and below (354 tickets x P50) 17,700.00 52,807.20
702,712.80
Bank charges @ 4.5% 31,622.08
Projected Collectibles from SM 671,090.72
 Annex D

Southside Rhythm Fest

Summary of Expenses
Based on July 22, 2023 Budget
As of July 17, 2023

Revised

Category Payee Particulars Budget Amount Paid Amount Remaining Balance Taken-Out Remarks
Jian Audio c/o Sir Mike Lights, sound, barricades, trusses, roofing and gen set 500,000.00 300,000.00 200,000.00
Barricade (500 pcs x P 250) 2 meters wide 125,000.00 50,000.00 75,000.00
Tent with Aircon (4pcs) for 4 days rental 120,000.00 60,000.00 60,000.00
Video Live Feed 50,000.00 - 50,000.00
Electrical Cost for lightning of venue except the stage 50,000.00 50,000.00 -
Diesel for 3 days [2 Gen Set (150KVA) sponsored by Dynamic Power] - - - 50,000.00 c/o RDAK
IDs 10,000.00 - 10,000.00
Venue
Venue Board-up - - - 400,000.00 not part for the Cebu Venue
Tents Rental (2 days) 60pcs - - - 100,000.00 20 from Smart, 30 from Globe
Venue Rental - - - no budget, free provided by Filinvest
Portalets - - - no budget, free provided by Cebu City
1 GenSet for Concessionaires and Sponsors (60KVA) - - - no budget c/o RRTK
IWATA FAN - - -
Signages - - -
Subtotal 855,000.00 460,000.00 395,000.00 550,000.00

Parokya ni Edgar Talent fee 2,000,000.00 2,000,000.00 -

Spongecola Talent fee 650,000.00 650,000.00 -
Missing Filemon Talent fee 100,000.00 100,000.00 -
Enchi Talent fee 50,000.00 50,000.00 -
Aggressive audio Talent fee 40,000.00 40,000.00 -
The Ambassadors Talent fee 35,000.00 35,000.00 -
Scramble Egg Talent fee 20,000.00 20,000.00 -
Artist and Hosts Indiephums Talent fee 15,000.00 15,000.00 -
Kantin Dudg Talent fee 15,000.00 15,000.00 -
Makadawa Talent fee 20,000.00 20,000.00 - lieu of Juren Mabulay
DJ Skye Talent fee 10,000.00 10,000.00 -
Papa Joe Host 15,000.00 15,000.00 -
Papa Boy Tisoy Host 10,000.00 10,000.00 -
Papa Ace Host 10,000.00 10,000.00 -
Papa Cholo Host 10,000.00 10,000.00 -
Subtotal 3,000,000.00 3,000,000.00 - -

Air Fare 129,890.00 129,890.00 -

Transportation allowance (Enchi) 20,000.00 20,000.00 -
Enchi Food (10 pax x Php 500 x 2 meals) - - -
National Artist's Hotel Accomodation for PNE & SC - - - c/o RRTK or Cuarto Hotel
Accomodation and Food (1 day)
Transportation June 22 - lunch and dinner
26 pax (PNE and SC) - - - c/o RRTK or BETRNK
Enchi Accomodation (12 pax) 7,220.00 7,220.00 -
Transportation (P 3500 x 6 vans x 3 days) PNE x SC - - - c/o RRTK or BETRNK
Subtotal 157,110.00 157,110.00 - -

Al Nair Moralde Influencers 30,000.00 30,000.00 - 15,000.00

Lady Jernae S. Marquez Influencers 30,000.00 30,000.00 - 15,000.00
Influencers Randolph M. Valmoria Influencers 30,000.00 30,000.00 - 15,000.00
Rowell Divina Influencers 30,000.00 30,000.00 - 15,000.00
Digos Good Vibes Influencers 15,000.00 15,000.00 -
Subtotal 135,000.00 135,000.00 - 60,000.00
 Annex D

Category Payee Particulars Budget Amount Paid Amount Remaining Balance Taken-Out Remarks
Michael Cuarto Wristband 80,000.00 80,000.00 -
Ticket Printing 64,260.00 45,000.00 19,260.00
Talent fee for 100 prettiest - selling in 4 stations (July 1-10) 79,800.00 79,800.00 -
Press conference 54,389.00 54,389.00 -
Jon Dave Lepatan Social media advertising 50,000.00 50,000.00 -
Tarps and Poster 34,324.77 34,324.77 - 30,063.61
Nvision payment 33,600.00 33,600.00 -
Magic 92.3 Radio 30,000.00 30,000.00 -
Marketing Summit Publishing Company Inc. Led wall screen rental (15days before the event) 30,000.00 30,000.00 -
Y101 Radio 30,000.00 30,000.00 - c/o Sir Alan
Fb boosting 26,000.00 26,000.00 -
Sugbo PH Media 20,000.00 20,000.00 -
Jon Dave Lepatan Led wall advertising 20,000.00 20,000.00 -
iFM 93.9 Radio 15,000.00 15,000.00 -
News/Media Advertising (Sunstar) - - - 10,000.00 free in lieu of 8 gold tickets
Marketing Blitz 62,661.20 62,661.20 - 9,600.00
Joggy Jr. Radio ad 5,000.00 5,000.00 -
Subtotal 635,034.97 615,774.97 19,260.00 49,663.61

Kevin Maglinte Social Media Manager 20,000.00 10,000.00 10,000.00

Winslet Pahang Admin. Sec. 30,000.00 10,000.00 20,000.00
Ian Jilchrist Velez 100 prettiest appearance 35,000.00 35,000.00 -
Jon Dave Lepatan Salaries of Graphic Artist (Vince Basalan) 20,000.00 7,500.00 12,500.00
Jon Dave Lepatan Salaries of Liason Officer (Ralph Armero) 5,000.00 5,000.00 - terminated
Richie Gonato Production Assistant Salaries 15,000.00 15,000.00 -
Ian Jilchrist Velez Executive Director 70,000.00 35,000.00 35,000.00
Alan Lucar Admin Head & Visual Marketing 50,000.00 15,000.00 35,000.00
Social Media Moderator (Joy) 7,500.00 - 7,500.00
Social Media Moderator (Aya) 7,500.00 - 7,500.00
Ticket Incharge (Cherie Jane Olandre) for May 27 15,000.00 - 15,000.00
Electrician (Allen Caliguid) 20,000.00 20,000.00 -
Physical Set-up (5 pax x P1,000 x 6 days) 30,000.00 15,000.00 15,000.00 10,000.00 40,000 initial budget
Manpower
Bouncers (60 pax x P 1000) 60,000.00 - 60,000.00
5 Runners (on the day) (5 x P1000) - - - 5,000.00 RRTK and WCA staff
Technical Director (Romel Cajayon) - - - 50,000.00 initial budget, 25,000 already paid using re
Graphic Artist (Darwin Lopez) - poster designs for May 27 30,000.00 - 30,000.00
Safety Head & Staff (Francis Tentativa) 15,000.00 8,000.00 7,000.00
Security Head & Staff (Epefanio Templel) 10,000.00 8,000.00 2,000.00 5,000.00 15,000 initial budget
Security personnel (3 pax x P 500) 1,500.00 - 1,500.00
Transpo and Accomodation Assistant (Php 1,000 x 2 pax) 2,000.00 - 2,000.00
Direct labor for tarpaulin posting 2,125.00 2,125.00 -
Cashier (8 pax x 2 per station) - - - - RRTK and WCA staff
Ticket Verifier ( 30 pax x P 1000) - - - 30,000.00 RRTK and WCA staff
Food committee (4 pax x P 1000) - - - 4,000.00 RRTK and WCA staff
Vendors Staff to sell SMB (12 pax x 6 stations x P1,000) - - - 72,000.00 RRTK and WCA staff
445,625.00 185,625.00 260,000.00 176,000.00

Catering (dinner good for 100 pax) 37,900.00 37,900.00 -

Staging, trusses, lights, sounds, led wall, barricade (meals for July 16 -
20) 36,900.00 36,900.00 -
Food
Before event day food for staff (65 pax x Php60 x 3 meals) 24,300.00 24,300.00 - -
On the day food for staff (884 pax x Php60) 96,480.00 67,910.00 28,570.00 90,000 is the initial budget
Snack for 9pm (544 pax x 35) 19,600.00 - 19,600.00 initial budget
Subtotal 215,180.00 167,010.00 48,170.00 352,000.00

Finance and Accounting 200,000.00 - 200,000.00

Professional Fee
 Annex D

Professional Fee
Legal Counsel 120,000.00 - 120,000.00
Subtotal 320,000.00 - 320,000.00 -

Category Payee Particulars Budget Amount Paid Amount Remaining Balance Taken-Out Remarks
RRTK Loan exclusive of interest 2,600,000.00 - 2,600,000.00
Security deposit for Filinvest - - - 250,000.00 Refundable
Others
Remaining balance of JD Cash advance 218,000.00 218,000.00 -
Donations (PCL- 50K & Sta Rita- 50k) 100,000.00 - 100,000.00
Michael Cuarto Miscellaneous 100,000.00 100,000.00 -
Miscellaneous of Jon Dave 5,000.00 5,000.00 -
Additional miscellaneous of Mclove for venue set-up 30,000.00 30,000.00 -
Insurance 59,232.50 59,232.50 - per budget 150,000
Cash bond (1000 pcs of tickets) - - - 58,850.00 Refundable
Extension of loan's interest 52,000.00 52,000.00 -
Amusement tax (Registration of ticket, liquor and food stall) 41,230.00 41,230.00 -
Reimbursement to JIAN Audio for May 27 Mobilization (4 days) 30,000.00 30,000.00 -
Website 23,000.00 23,000.00 -
Ticket refund 20,150.00 20,150.00 -
Meals during meetings 22,742.96 22,742.96 -
Office Supplies and others 15,523.88 15,523.88 -
Petty cash fund 10,000.00 10,000.00 -
Others Replenishment of PCF 18,285.67 18,285.67 -
Various reimbursement for the team 8,927.00 8,927.00 -
Reimbursement - Michael Cuarto 7,797.20 7,797.20 -
Reimbursement of various expenses of Alan 12,049.11 12,049.11 -
Revolving fund 50,000.00 50,000.00 -
Cash fund for on the day selling 30,000.00 30,000.00 -
Special Permit 1,905.00 1,905.00 -
UV Light Director (4 pcs) - - - -
Sash for 100 Prettiest 3,500.00 3,500.00 -
Cash vault - - - 21,950.00 c/o RRTK
Signages for the venue entrance 5,000.00 5,000.00 -
Funds for drinks 302,695.00 302,695.00 -
Plastic cups 17,500.00 17,500.00 -
Fireworks - - -
Subtotal 3,784,538.32 1,084,538.32 2,700,000.00 330,800.00

Grand Total 9,547,488.29 5,805,058.29 3,742,430.00 1,518,463.61

 Annex E
Southside Rhythm Fest
Summary of Tickets c/o Eagles

Summary of Sold Ticket

Category Price Quantity Value
SVIP 2,650.00 14 37,100.00
VIP 2,120.00 1 2,120.00
GOLD 1,590.00 7 11,130.00
SILVER 850.00 13 11,050.00
GEN AD 400.00 25 10,000.00
Total 60 71,400.00

Summary of Unreturned Ticket

Category Price Quantity Value
SVIP 2,650.00 12 31,800.00
VIP 2,120.00 26 55,120.00
GOLD 1,590.00 53 84,270.00
SILVER 850.00 13 11,050.00
GEN AD 400.00 11 4,400.00
Total 115 186,640.00

Grand Total 175 258,040.00

Summary of Returned Tickets

TO OTHER TICKETS FROM TURN-
CATEGORY SPONSOR EAGLES OVER 6/29 REMAINING

SVIP 50 24 26
VIP 21 50 2 27
GOLD 34 100 6 60
SILVER 150 124 26
GEN AD 200 164 36
55 550 320 175