The document discusses preparing a budget for a festival. It defines expenditure as money paid out or spent, and lists example areas of expenditure for a festival like bouncy castles, workshops, ambulance, artists. It defines income as financial gain or what was earned, and lists food sales and popcorn sales as possible sources of income for the festival budget.

1. Creative and Media: Level 2 Higher Diploma Unit 6: Festival
Level 2 Higher Diploma Creative and MediaUnit 1: Scene
6.2.5 Budget A
Student Book
pp 186–95
Preparing a budget for your festival
1 What do you understand by the term ‘expenditure’?
Expenditure means money paid out, and amount spent.
2 List the areas of expenditure for your festival in the table below.
Required expenditure
• Bouncy castles
• Workshops
• Ambulance
• Nail and face painting artists
• Balloon creator
These were all hired.
3 What do you understand by the term ‘income’?
Income means the financial gain-what was earned.
4 Identify possible sources of income for your festival.
Possible sources of income
• We had a food sale so that was our income.
• We also sold popcorn.
© Pearson Education Ltd 2008. Copying permitted for purchasing institution only. This material is not copyright free. 1